SPOTLIGHT: Financial Markets
Reuters/Brendan McDermid - Traders work on the floor of the New York Stock Exchange
Alice M. Rivlin, October 21, 2008
In testimony before the House Committee on Financial Services, Alice Rivlin says that pundits have pronounced the death of capitalism prematurely, saying it is far too powerful a tool for increasing human economic well-being to be tossed aside. She believes there is plenty of blame to go around for the current crisis, and lays out steps to fix regulatory gaps, eliminate perverse and conflicting incentives and clarify and strengthen the roles of the current regulatory agencies.
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Financial Markets, Financial Institutions, Governance, U.S. Economy
SPOTLIGHT: Financial Markets
Reuters/Lucas Jackson - Wall St. sign is seen in New York's financial district
Martin Neil Baily, October 20, 2008
In testimony before the House Budget Committee, Martin Baily says we need a second fiscal stimulus package to avoid a deep recession. He advocates for an immediate infusion of $200 billion, with a second $100 billion released if unemployment hits 7.5 percent. The package should include help for homeowners, tax rebates for families and aid to states and localities.
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Financial Markets, Financial Institutions, U.S. Economic Growth, U.S. Economy
foreign policy paper series
Reuters/Alessia Pierdomenico - Pro-democracy demonstrators from the Pakistani Lawyers Movement and the National Union of Pakistani Students and Alumni shout during a protest rally.
Ted Piccone, October 2008
Ted Piccone outlines several versions of the League of Democracies concept that has reemerged during the 2008 U.S. presidential campaign. Though it finds support in both conservative and liberal circles, Piccone argues that the current framework will not succeed in today’s political environment. However, Piccone believes democracy promotion should remain a top priority for the next administration, and he offers recommendations for strengthening multilateral approaches.
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Democracy Promotion, International Organizations, Human Rights, International Relations, United Nations
Spotlight: Guiding Principles 10 Year Anniversary
Reuters/Ismail Taxta - Children line up during a food distribution for internally displaced people on the outskirts of Mogadishu.
Conflicts and natural disasters like those in Burma, Georgia, Sudan and Iraq displace millions from their homes and communities. In 1998, Brookings spearheaded the development 30 basic principles for human rights standards, known as the "Guiding Principles on Internal Displacement." Since then, the Brookings-Bern Project on Internal Displacement has worked to raise awareness about the rights and needs of internally displaced persons.
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