Donald Kohns Vision for Improving the Supplementary Leverage Ratio
Dr. Donald Kohn, in a speech at the Federal Reserve conference, highlights the importance of the Leverage Supplement for banks of all sizes. He advocates for adjustments that do not hinder financial intermediation and liquidity, but notes that releasing capital in subsidiaries could increase interest rate risk. He recommends reviewing all capital requirements and assessing the capital of parent companies.
Administrators drive improvements in free access to university.
Since 2005, free college programs, such as Kalamazoo Promise, have grown to improve college accessibility. A study with 32 administrators suggests expanding access, loosening requirements, and stabilizing funding for student success.
Trump and Putin to Meet in Alaska
Trump and Putin will meet in Alaska to discuss a truce in Ukraine. The proposal to cede territories raises doubts, especially in Europe, which feels distanced from the process. The meeting is attended by Trump, wanting a quick truce, and Europe asking for Zelensky’s inclusion, although the conflict in Ukraine intensifies.
The Millionaire Tax: How It Distributes Wealth and Collects a Minimum Global Tax
The tax on billionaires aims to reduce wealth inequality and tax evasion, imposing a 2% annual tax on the highest wealth. By 2030, it could raise up to 0.27% of global GDP, generating significant revenue for states through international cooperation.
Interconnected Frontiers: Energy, AI, and the US-China Competition
The competition between the United States and China in AI technology and energy generates political tensions and competitiveness. The energy demand of AI systems poses security and competitiveness challenges. The future depends on managing technological investments in energy production and AI, recognizing their interdependence.