Pulse: US


The Global Financial Crisis – A Decade On

Reflections on the global financial crisis (what was I doing – what was I thinking?) a decade after the collapse of Lehman Brothers.

Originally published by FIIG’s The Wire blog.

When Lehman Brothers filed for bankruptcy on Monday 15 September 2008, I was in what would turn out to be my last year as Chief Economist at ANZ Bank (not that I knew it then – I didn’t decide to leave until almost exactly three months later, and then took another seven months to put that decision into effect). 

Autism Therapy Shines Bright: Innovative Therapies, More Reimbursement, Sector Poised for Growth

Co-authored with Todd Rudsenske & Daniel A. Gofman*.

Autism Spectrum Disorder (ASD) is the nation’s fastest-growing developmental disorder, one that touches each child and family in unique and complicated ways. A lifelong condition, ASD requires individualized treatments that are now increasingly available in communities across the United States.

Don’t be fooled: Working Americans are worse off under Trump

This essay was originally published by The Washington Post, October 1, 2018

Despite robust economic numbers during the Trump presidency, the American public has seemed curiously unmoved by good news such as the lowest U.S. unemployment level in nearly half a century. Its enthusiasm might have been dampened by this underappreciated economic reality: The typical working American’s earnings, when properly measured, have declined during the Trump administration.

Geeking-Up Healthcare: Consumer Giant Best Buy Makes a Big Move

Healthcare has experienced a parade of surprising megamergers and acquisitions during the last year. At first glance, Best Buy’s August acquisition of GreatCall may be the most startling. At a deeper level, however, Best Buy’s movement into healthcare reflects a nuanced understanding of consumerism, retail market dynamics and America’s need for more connected, holistic care services.
 

Lending Gaps and Lessons

The gap in small business lending, which the easy-money policies of the Federal Reserve were supposed to fill, are well documented. It's more difficult for small businesses to get small loans from banks, in large part because it's less profitable for banks of all sizes to make small-dollar loans.

The Decennial Census has Big Political and Scientific Problems, and Not for the First Time

This article was originally published by Brookings Institute.

Treasury and Bitcoin

The U.S. Department of the Treasury issues its FinTech report as bitcoin gains institutional momentum.

Given all the attention to cryptoasset trading over the past two weeks, it's a bit strange that the U.S. Department of the Treasury makes no mention of it in its long-awaited FinTech report (PDF).

Against the Wind: Hospitals Challenge CMS's Pro-Market Payment Reforms

Over the past month, the Centers for Medicare and Medicaid Services (CMS) announced several pro-market policies that will enhance pricing transparency, stimulate competition (and fair prices) for routine procedures and eliminate burdensome reporting requirements.

Hospitals welcome the regulatory relief but generally oppose measures that improve pricing parity and transparency. They are on the wrong side of history.

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