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There's 'something very different' about Moody's US credit downgrade
There's 'something very different' about Moody's US credit downgrade

Yahoo

time19-05-2025

  • Business
  • Yahoo

There's 'something very different' about Moody's US credit downgrade

Last Friday, Moody's downgraded its US credit rating from AAA to Aa1, citing growing concerns around the government's ability to pay back its debt. Jason Furman, economic policy professor at Harvard University's John F. Kennedy School of Government, sits down with Madison Mills on Catalysts to speak more about Moody's downgrade, especially as US lawmakers debate new bills and policies around national debt and deficit, tax cuts, and the budget. Furman acted as the Council of Economic Advisers (CEA) chairman under President Obama from 2013 to 2017. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Joseph Nye, prominent Havard int'l relations scholar, dies at 88
Joseph Nye, prominent Havard int'l relations scholar, dies at 88

The Mainichi

time08-05-2025

  • Politics
  • The Mainichi

Joseph Nye, prominent Havard int'l relations scholar, dies at 88

WASHINGTON (Kyodo) -- Joseph Nye, a prominent scholar of international relations who had a significant influence on the U.S.-Japan alliance, has died, Harvard University said Wednesday. He was 88. Nye, who was dean of Harvard's John F. Kennedy School of Government from 1995 to 2004, after serving as assistant secretary of defense for international security affairs under U.S. President Bill Clinton, died on Tuesday, according to the university, which did not disclose the cause of his death. Known for pioneering the theory of "soft power" to shed light on how nonmilitary strengths, such as cultural curiosity, can influence the behavior of other countries, Nye was a leading voice on U.S.-Japan relations. With Richard Armitage, a fellow senior U.S. official who served as deputy secretary of state, Nye brought together a bipartisan group ahead of the U.S. presidential election in 2000 to shape a vision to improve the alliance between Washington and Tokyo. Nye and Armitage, who died in mid-April at the age of 79, were in charge of regularly releasing reports containing a set of proposals to bolster the bilateral relationship. The latest report, the sixth of its kind, was issued in April last year. In it, the group called on the two countries to build a "more integrated" partnership amid a challenging security environment, with one key pillar being the transformation of the decades-old alliance's command-and-control architecture. In addition to holding the high-ranking assistant defense secretary post between 1994 and 1995, he served as chair of the National Intelligence Council and deputy undersecretary of state for security assistance, science and technology. Nye, born in South Orange, New Jersey, first joined Harvard's faculty in 1964 upon earning a doctorate in political science. Prior to that, he studied at Princeton and Oxford universities. He was a prolific writer, publishing more than 10 books including "Soft Power: The Means to Success in World Politics," "The Future of Power" and "Is the American Century Over?" "It is impossible to capture Joe's intellectual contributions in a paragraph or a page," the Harvard school's current dean, Jeremy Weinstein, said in a statement on his death. "In a century of unprecedented change in global politics, he was among the foremost thinkers to shape our understanding of contemporary international relations."

Joseph Nye, Harvard scholar who coined 'soft power,' dies at 88
Joseph Nye, Harvard scholar who coined 'soft power,' dies at 88

Nikkei Asia

time07-05-2025

  • Politics
  • Nikkei Asia

Joseph Nye, Harvard scholar who coined 'soft power,' dies at 88

WASHINGTON -- Joseph Nye, a former dean of Harvard University's John F. Kennedy School of Government who coined the term "soft power," died on Tuesday. He was 88. A towering figure in political science, Nye conceptualized soft power -- the ability of a country to win the hearts and minds of others through its culture and values rather than coercion -- in his 1990 book, "Bound to Lead: The Changing Nature of American Power."

Tenured professors at Harvard pledge 10 percent of pay to fight for ‘academic freedom'
Tenured professors at Harvard pledge 10 percent of pay to fight for ‘academic freedom'

Boston Globe

time30-04-2025

  • Politics
  • Boston Globe

Tenured professors at Harvard pledge 10 percent of pay to fight for ‘academic freedom'

Advertisement Harvard filed a lawsuit last week In the meantime, research has been halted, hiring freezes have been put in place in several departments, and enrollment of graduate students has been curtailed, the letter said. 'The financial costs will not be shared equally among our community,' the faculty wrote. 'Staff and students in many programs, in particular, are under greater threat than those of us with tenured positions.' Therefore, 83 tenured professors have pledged to commit 10 percent of their paychecks for a year, or less if warranted, 'to the university's financial resources while it legally contests these attacks,' the professors said. 'This signals our commitment as faculty members to use means at our disposal to protect the university and, especially, staff and students who do not have the same protections,' the tenured faculty wrote. Advertisement 'We view this initiative as only one of the various ways in which we can express solidarity around the university,' they added. Professor Dani Rodrik, who helped organize the faculty initiative, said he has learned from experience that it is important to take a stand when academic freedoms are at risk. 'I grew up in Turkey and have seen the disastrous consequences of the slide into authoritarianism and the steep price that universities have paid as a result of the regime's attacks on academic freedom,' Rodrik said in an email Wednesday. 'So, I consider it very important that leading universities like Harvard stand up and resist unlawful demands from the Trump administration,' said Rodrik, who teaches international political economy at Harvard's John F. Kennedy School of Government. 'And it is important that senior faculty share in the financial sacrifice that will be necessary.' 'We have to put our money where our mouth is,' Rodrik added. Harvard leaders have alleged that the goals and actions of the Trump administration are 'to exert improper influence over the school as part of a sweeping crackdown on elite universities to squelch ideological dissent, a violation of schools' First Amendment rights.' f Tonya Alanez can be reached at

China-US relations: zero-sum view misguided, Jake Sullivan says in Trump policy critique
China-US relations: zero-sum view misguided, Jake Sullivan says in Trump policy critique

South China Morning Post

time16-04-2025

  • Politics
  • South China Morning Post

China-US relations: zero-sum view misguided, Jake Sullivan says in Trump policy critique

Washington voices who adopt a zero-sum view of US-China relations without recognising their complexity and long-term trajectory are misguided, the previous US national security adviser said on Tuesday evening. Advertisement Jake Sullivan, who was national security adviser to former president Joe Biden , made his remarks – one of the first extensive critiques of foreign policy under President Donald Trump by a top official from the Biden administration – at Harvard, where he has joined the faculty at the university's John F. Kennedy School of Government. He was not shy about criticising Trump's policies 01:39 Trump says China's talks with Vietnam are probably intended to 'screw' US Trump says China's talks with Vietnam are probably intended to 'screw' US 'There are people in Washington who would say, 'Jake, you're wrong. The end state is we win, they lose, we crush them',' Sullivan said. 'I do not think that those voices have an accurate read of either how to balance US interests in the middle term, or what is a plausible outcome that serves us all.' US leadership would benefit by realising it was not going to see US-China competition disappear and its adversary somehow implode, as happened with the Soviet Union, he added. 'No matter what happens in that competition, we're both going to be there in the world as countries,' Sullivan told Harvard students and faculty. 'There's not an end state that just resolves all of this. There's rather a steady state of managed competition.' Advertisement Sullivan joined the Kennedy School earlier this month, taking up its first professorship named after former secretary of state Henry Kissinger. Sullivan's stint as national security adviser for Biden's four-year term followed extensive experience in government, academia and think tanks.

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