en English Economics Jul 16, 2026 Şebnem Kalemli-Özcan Debates about geopolitical fragmentation always revive the late economist Robert Mundell’s dream of a single world money. But participants should be mindful of the euro’s real-world experience over the past quarter-century. ROME—The…
Please enable JavaScript if it is disabled in your browser or access the information through the links provided below. July 16, 2026 Federal Reserve Board issues enforcement action with former chief lending officer of Heritage State Bank For release at 11:00 a.m. EDT The Federal Reserve Board…
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“It is a growing cardiovascular threat”: Chicago, Detroit, Minneapolis and New York City are considered some of the world’s most polluted cities Thursday.
en English Human Development Jul 16, 2026 Iryna Volnytska AI is often portrayed as a threat to higher education, with some administrators and professors focused on rooting out its use. But this approach fails to recognize that, in an AI-transformed world,…
China surprised everyone Tuesday night by acknowledging GDP growth well below 5 percent. The official rate is 4.3 percent for the second quarter and 4.7 percent for the first half, to just over $10.1 trillion. More interesting than most such announcements, but not especially important. The important question is whether the true situation is somewhat worse than…
Sometimes the great verities are pretty straightforward. For example, “If something cannot go on forever, it will stop,” an observation made famous by economist Herb Stein. Let’s stick with that one, given its sensible application to the Trump administration’s current quasi-licensing regime for frontier AI models. The effort has proven to be a vibey, ad…
Friday, December 12, 2025 FDA’s Efforts to Recall Faulty Medical Devices Limited by Insufficient Staffing The Food and Drug Administration (FDA) is responsible foroverseeing the safety of medical devices sold in the U.S. and issuingrecalls when they’re found to be unsafe. But recent headlines andhigh-profile lawsuits have drawn attention to the effectiveness of FDA’sefforts. We’ll…
I thank various workshop/seminar participants and colleagues for their comments. Insurance market intelligence was generously provided by former colleagues at Liberty Mutual Insurance and UnitedHealth. Special thanks to Jim MacPhee who is particularly unstinting with his time despite having to run a Fortune 100 insurance company. Funding was provided by the Stanford Institute for Economic…
UnitedHealth’s leadership pointed to “product design changes, improved medical management and better aligned pricing.”