President Xi JinPing of China recently celebrated the fifth anniversary of the Belt & Road Initiative (BRI), the centerpiece of China’s global projection of economic, political and financial power. However, the BRI project is meeting significant obstacles and seems in urgent need of a reboot. Significantly, the main sources of criticism and reevaluation come from some of the major beneficiaries of the project.
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.
Co wrote with Dr. Fred T. Davies and first appeared in Singularity Hub.
This article was originally published by Brookings Institute.
“For years I [have] thought what was good for our country was good for General Motors, and vice versa." Charles E. Wilson
Last month, General Motors signed a 5-year agreement with Henry Ford Health System to provide comprehensive healthcare services for GM’s salaried employees in Southeast Michigan. This is a landmark transaction that moves GM away from pure fee-for-service (FFS) payment while holding Henry Ford accountable for care delivery cost, quality, outcomes and service levels.
I returned to Europe this week to hear views from the other side of the pond, as US trade policy continues not just to pivot, but to spin. There is no doubt that a major reset of key trading relationships is now underway with implications for currencies worldwide. As the US economy seems to be outpacing growth everywhere except in China and India, will US monetary policy have unintended global spillover effects, especially for emerging markets? And more direct effects from trade policy in developed nations? European PMI figures announced today are down to 2-year lows.
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).
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.
I am sharing my just published article, making the case for US policymakers to use "democratic governance" as an orienting strategic concept for engagement with Latin America.
The article first appeared on the website of Newsmax.