Gary Cohn, President Donald Trump’s pick to lead the National Economic Council, will receive severance in excess of $100 million as he exits Goldman Sachs, the Wall Street firm where he was second in command. The finance behemoth will give him $100 million, and will also permit him to cash in on $23 million of…
Bernie Sanders has a message to the Democratic Party — if it wants to win elections in the future, stop fixating on the gender and race of candidates and instead focus on their economic platform. “It goes without saying that as we fight to end all forms of discrimination, as we fight to bring more…
In Cambridge, Massachusetts—home to prestigious schools like Harvard and M.I.T.—the Swedish Academy’s announcement of Nobel Prize winners usually brings happy news to several professors. The streak holds this month, as Harvard economist Oliver Hart scored a Nobel for his works on contracts. Sharing the Prize in Economics with his MIT colleague, Bengt Holmstrom, the Jewish…
British-born Oliver Hart and Finland’s Bengt Holmstrom won the Nobel Economics Prize on Monday for work that addresses a host of questions from how best to reward executives to whether schools and prisons should be privately owned. Their findings on contract theory have implications for corporate governance, bankruptcy legislation and political constitutions, among other fields,…
The global value of the Bitcoin — a digital currency invented in 2008 — has dropped nearly 30% in the last two days. The crash was likely caused by revelations that hackers stole 119,756 bitcoins — worth about $65 million at present prices — from the computer system of Bitfinex, a Bitcoin exchange based in…
(JTA) — On one hand, most Israelis say their financial situation is good and getting better. On the other hand, they’re worried they won’t be able to provide for their children. On one hand, they want significantly more government spending in a wide range of public services. On the other hand, they say they pay…
A surge in Palestinian attacks in Israel is raising concerns that the weakening economy could eventually be pushed into recession. There are already signs that some Israelis may be pulling back from spending – one of the pillars of Israeli growth at the moment – and tourism, still reeling from the 2014 Gaza conflict and…
Relations between the United States and Israel embody significant history and shared values. And, as we all know, sometimes those relations consist of disagreements and obstacles. Especially now, when we see neighboring countries collapsing and thousands of people risking their lives in search of a better future, we should remind ourselves that the ability to…
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