Economics

Transcript

Dupont's Ellen Kullman on Science and Innovation

Speaker: Ellen Kullman
Presider: Alan S. Murray

Ellen Kullman, chair of the board and chief executive officer of DuPont, joins Alan S. Murray, editor at  Fortune magazine, to discuss global competitiveness. Kullman describes Dupont’s deep portfolio strategy, and innovations ranging from drought-resistant cultivars to biofuel to golf ball materials.

See more in Global; Innovation; Competitiveness

Audio

Dupont's Ellen Kullman on Science and Innovation

Speaker: Ellen Kullman
Presider: Alan S. Murray

Ellen Kullman, chair of the board and chief executive officer of DuPont, joins Alan S. Murray, editor at  Fortune magazine, to discuss global competitiveness. Kullman describes Dupont’s deep portfolio strategy, and innovations ranging from drought-resistant cultivars to biofuel to golf ball materials.

See more in Global; Innovation; Competitiveness

Video

Dupont's Ellen Kullman on Science and Innovation

Speaker: Ellen Kullman
Presider: Alan S. Murray

Ellen Kullman, chair of the board and chief executive officer of DuPont, joins Alan S. Murray, editor at Fortune magazine, to discuss global competitiveness. Kullman describes Dupont’s deep portfolio strategy, and innovations ranging from drought-resistant cultivars to biofuel to golf ball materials.

See more in Global; Innovation; Competitiveness

Primary Sources

Statement by President Obama on Cuba Policy Changes

President Barack Obama announced changes to the U.S. policy toward Cuba on December 17, 2014. Changes include reestablishing diplomatic relations for the first time since 1961, reviewing Cuba's designation as a State Sponsor of Terrorism according to the U.S. State Department, and increasing travel, trade, and commerce between the countries. In a speech to the Community of Latin America and Caribbean States Summit in January 2015, Cuban President Raul Castro describes conditions he wants as the two countries reestablish relations. At the Summit of the Americas in April 2015, which Cuba attended for the first time, President Obama and President Castro began discussions on these policy changes.

See more in Cuba; United States; Diplomacy and Statecraft; Sanctions

Other Report

Spillovers From Falling Oil Prices: Risks to Mexico and the United States

Authors: Michael A. Levi, Alexandra Mahler-Haug, and Shannon K. O'Neil

U.S. policymakers who worry about the impact of energy developments on geopolitics typically think of high oil prices as bad news and low prices as an unalloyed good. But a sustained drop in oil prices can be dangerous as well. This paper investigates Mexican vulnerability to falling oil prices—and spillovers to the United States—to show how troublesome such a development might be.

See more in Mexico; Oil; Budget, Debt, and Deficits

Foreign Affairs Article

Misrule of the Few

Author: Pavlos Eleftheriadis

Just a few years ago, Greece came perilously close to defaulting on its debts and exiting the eurozone. Today, thanks to the largest sovereign bailout in history, the country’s economy is showing new signs of life.

See more in Greece; Economics

Foreign Affairs Article

Leaders Indicating

Author: Ruchir Sharma

The normal rhythm of politics tends to lead most nations’ economies around in a circle, ashes to ashes. This life cycle starts with a crisis, which forces leaders to reform, which triggers an economic revival, which lulls leaders into complacency, which plunges the economy back into crisis again.

See more in Global; International Finance

Op-Ed

Europe’s Dodgy Bank Stress Tests

Authors: Benn Steil and Dinah Walker
Wall Street Journal

Benn Steil and Dinah Walker analyze the market reaction to the publication of the European Central Bank's long-awaited bank stress test results. The ECB's coddling of stress-tested banks — through the use of inflated inflation estimates and generous treatment of tax offsets against future profits which may never arise — precipitated a sell-off of bank stocks in a period when broad European indexes were up significantly. Unlike with the successful 2009 U.S. stress tests, there is no credible backstop of public funds available for Eurozone bank recapitalization, which would account for the ECB's reluctance to draw attention to the sector's undercapitalization.

 

See more in Europe; Banks and Banking