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December 3, 2014

Alan Gross, Year Six

Today Alan Gross will begin his sixth year in a Cuban prison. His "crime" was to deliver to the minuscule Cuban Jewish community some communications equipment supplied by the United States. The Cuba…

February 9, 2024

Global
Central Bank Currency Swaps Tracker

Introduction Since the financial crisis of 2007, central banks around the world have entered into a multitude of bilateral currency swap agreements with one another. These agreements allow a centr…

February 23, 2024

Ukraine
C. Peter McColough Series on International Economics With Wally Adeyemo

As the two-year mark of the Russian invasion of Ukraine approaches, U.S. Deputy Treasury Secretary Wally Adeyemo discusses the U.S. coalition’s sanctions strategy, its effectiveness, and the challeng…

Play Profile of U.S. Deputy Treasury Secretary Wally Adeyemo looking to the right

December 17, 2014

Cuba
What Did President Obama Trade for Alan Gross?

There is wonderful news this morning: that Alan Gross is finally free, out of a Cuban prison and back on American soil. For his family, this is the answer to prayers and the right outcome to a long s…

November 16, 2012

Cuba
Alan Gross, Vilma Castro, and America’s Cuba Policy

Alan Gross is a former USAID contractor who has been in a Cuban jail since December 3, 2009.  The most recent reports are that he has lost 105 pounds while in prison, and may well be suffering from u…

January 22, 2024

Trade
The Curse of Nostalgia: Industrial Policy in the United States

A critical look at the past and present of industrial policy shows that its recent popularity is not only misguided, but is likely to have negative economic and geopolitical consequences for the Unit…

President Joe Biden signs the Inflation Reduction Act in the State Dining Room of the White House in Washington on August 16, 2022.

October 2, 2006

United States
Daniel Gross is right …

The increase in the interest bill of the US government is an underreported story.   The CBO reports that FY 2006 interest payments will be about $40b more than FY 2005 payments.  And that trend is se…