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...comments from Bank of America CEO Ken Lewis and JP Morgan Chase CEO Jamie Dimon, who both noted that March was proving to be a more difficult month than either January or February. As Dimon told Bloomberg TV while standing outside the White House after a group of bankers met with President Obama, "This downturn - it's pretty powerful stuff...
Nancy Turnbull, an associate dean at HSPH, said that her department was “giddy” about the nomination. She said that Koh is one of the best communicators she has ever met, and that he has the unique ability to take complicated information and make it relevant to a broad array of audiences...
...reduced demand and financial flows explain the immediate cause of the downturn in trade, a different - and potentially more damaging - specter looms: the return of protectionism. In a recent report, the World Bank found that although the G-20 nations pledged themselves to avoid protectionist measures when they met in Washington last November, no fewer than 17 of them have, since then, "implemented measures whose effect is to restrict trade at the expense of other countries...
Schlesinger said that these programs are likely to be met with skepticism because results will not come for a while, which creates a thorny political situation...
...dispute may be in sight, though. Obama's Transportation Secretary, Ray LaHood, met with U.S. lawmakers Tuesday, saying he planned to restart the pilot program with sufficient safety requirements imposed on Mexican truckers. Though key American Representatives have yet to sign on to LaHood's initiative, Ruiz said the same day that Mexico would remove the tariffs to reciprocate if the program were reinstituted. "For us, the solution is to go on with the program that we had," he said. "In the moment the United States returns to its commitments, we will eliminate all the tariffs we imposed." Clinton...