Pulse


Pot Payments

In doing some research on the why legal cannabis businesses cannot get bank accounts, I came across a letter on cannabis business regulation sent last week by the governors of four states to U.S. Attorney General Jeff Sessions and U.S. Secretary of the Treasury Steve Mnuchin. Give pot a chance, the letter essentially asks.

Darwinian Outsourcing: Big Pharma Adapts to Market Realities

Co-authored with Kristin Carey.

Competitive markets drive innovations in business efficiency and strategy. Twenty-five years ago, Big Pharma companies did little outsourcing. Fortified by robust cash flows and high profit margins, they exercised near-total control over drug discovery, testing, approvals, manufacturing and distribution.

Toshiba Nuclear Debacle Puts Governance in Spotlight - My Comments

Do others agree? We should not gang up on Toshiba so much as ask the question, what are the commonalities?, - if any. "Nicholas Benes, head of the Board Director Training Institute of Japan and one of the architects of Japan’s 2015 corporate governance code that sought to make the country’s companies more investor friendly, says Toshiba’s governance failures encapsulate broader shortcomings in corporate Japan.

The Check Is In the Mail

In the great whirl of FinTech news, with daily reports on the potential of artificial intellitence, machine learning, bots, and blockchain, the power of present practices can be forgotten.

Most small and midsize businesses pay with paper checks: 62% according to a recent Javelin Strategy and Research survey. Because it's easier.

Donald Trump and Paul Ryan’s Plan to Put Foreign Investors First

The “Border Adjustment Tax” (BAT) endorsed recently by President Trump is his administration’s first foray into international economics. It is an inauspicious start.

Trumpian Healthcare Reform: A “Silver Linings” Legislative Playbook

Last Friday was supposed to be the shootout at the healthcare corral where Republican gunslingers were going to take the first major step toward repealing Obamacare. Instead legislators retreated to their offices with no shots fired.

Speaker Paul Ryan pulled the vote on the controversial American Health Care Act (AHCA) as moderate and conservative Republican Representatives pulled their support in droves.

Why the U.S. Can't Ignore Latin America's Security Challenges

I have just published a new article, "Why the U.S. Can't Ignore Latin America's Security Challenges," with my Colombian Co-author Dr. Roman Ortiz, in the journal World Politics Review.

The article examines the security challenges currently facing Latin America and the Caribbean, and finds a surprisingly large number of areas where a combination of political, criminal, and other dynamics could present significant challenges for policymakers from the U.S. and the region in the coming months. 

EconVue Spotlight

The OECD Global Economic Outlook: Modest Recovery, but Risks Remain

The Organization for Economic Cooperation and Development (OECD)[1] recently released its semi-annual economic outlook[2].  Three major themes emerge from the report. First, the global economy is gradually emerging from a five-year (2012-1016) low-growth trap, and global growth should pick up modestly in 2017and 2018 (Table 1).  Second, we are seeing a shift in economic policy from over-reliance on monetary policy to fiscal initiatives designed to boost growth. Third, we are not out of the woods and significant risks remain.

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