Mr. Silvers is a member of the Public Company Accounting Oversight Board Standing Advisory Group, the Financial Accounting Standards Board User Advisory Council, the American Academy of Arts and Sciences Corporate Governance Task Force, the New York Stock Exchange’s Stock Options Voting Task Force and was a member of the Advisory Committee on Analyst Independence to the House Capital Markets Subcommittee. He is a member of the American Bar Association’s Subcommittee on International Corporate Governance. Mr. Silvers received his J.D. with honors from Harvard Law School. He received his M.B.A. with high honors from Harvard Business School and is a Baker Scholar. Mr. Silvers is a graduate of Harvard College, summa cum laude, and has studied history at Kings College, Cambridge University.

Dr. Roubini has extensive policy experience as well as broad academic credentials. From 1998 to 2000, he served as the senior economist for international affairs on the White House Council of Economic Advisors and then as the senior advisor to the undersecretary for international affairs at the U.S. Treasury Department, helping to resolve the Asian and global financial crises. The International Monetary Fund, World Bank and numerous other prominent public and private institutions have drawn upon his consulting expertise.

He has published over 70 theoretical, empirical and policy papers on international macroeconomic issues and coauthored the books “Political Cycles: Theory and Evidence” (MIT Press, 1997) and “Bailouts or Bail-ins? Responding to Financial Crises in Emerging Markets” (Institute for International Economics, 2004) and “Crisis Economics: A Crash Course in the Future of Finance” (Penguin Press, 2010).

Dr. Roubini’s views on global economic issues are widely cited by the media, and he is a frequent commentator on various business news programs. He has been the subject of extended profiles in the New York Times Magazine and other leading current-affairs publications. The Financial Times has provided extensive coverage of Dr. Roubini’s perspectives.

An expert on the politics of U.S. health and social policy, he is the author of Winner-Take-All Politics: How Washington Made the Rich Richer and Turned Its Back on the Middle Class, written with Paul Pierson (2010, paperback 2011), The Great Risk Shift: The New Economic Insecurity and the Decline of the American Dream (2006, paperback 2008), The Divided Welfare State: The Battle over Public and Private Social Benefits in the United States (2002), and The Road to Nowhere: The Genesis of President Clinton’s Plan for Health Security (1997), co-winner of the Brownlow Book Award of the National Academy of Public Administration. He is co-author, with Paul Pierson, of Off Center: The Republican Revolution and the Erosion of American Democracy (2005) and has edited two volumes—most recently, Health At Risk: America’s Ailing Health System and How to Heal It (2008).

A frequent media commentator, Hacker has testified before Congress, advised leading politicians, and written popular pieces for the American Prospect, New Republic, Nation, New York Times, New York Times Magazine, Los Angeles Times, Washington Post, Boston Globe, Boston Review, and other publications. He is the author of a 2007 proposal for universal health care, “Health Care forAmerica,” that became a template for several presidential aspirants’ plans.

Most recently with support from the Rockefeller Foundation, he and a group of multi-disciplinary researchers including Greg Huber and Mark Schlesinger of ISPS developed the Economic Security Index (ESI), which measures the share of Americans who experience at least a 25 percent decline in their income from one year to the next. In addition, he oversees a Social Science Research Council project on the “privatization of risk.”

He is also a senior fellow at the Peterson Institute for International Economics in Washington, D.C., a co-founder of BaselineScenario.com (a much cited website on the global economy), a member of the Congressional Budget Office’s Panel of Economic Advisers, and a member of the FDIC’s Systemic Resolution Advisory Committee.

Prof. Johnson is a weekly contributor to NYT.com’s Economix, is a regular Bloomberg columnist, has a monthly article with Project Syndicate that runs in publications around the world, and has published high impact opinion pieces recently in The Washington Post, The Wall Street Journal, The Atlantic, The New Republic, BusinessWeek, and The Financial Times, among other places. In January 2010, he joined The Huffington Post as contributing business editor. Professor Johnson is the co-author, with James Kwak, of 13 Bankers: The Wall Street Takeover and The Next Financial Meltdown, a bestselling assessment of the dangers now posed by the US financial sector (published March 2010) and White House Burning:  The Founding Fathers, Our National Debt and Why it Matters to You (April 2012).

In his roles as a professor, research fellow and author, Johnson’s speaking engagements include paid appearances before various business groups, including financial institutions and other companies, as well before other groups that may have a political agenda. He is not on the board of any company, does not currently serve as a consultant to anyone, and does not work as an expert witness or conduct sponsored research. His investment portfolio comprises cash and broadly diversified mutual funds; he does not trade stocks, bonds, derivatives or other financial products actively.

From March 2007 through the end of August 2008, Johnson was the International Monetary Fund’s Economic Counsellor (chief economist) and Director of its Research Department. He is a co-director of the NBER Africa Project, and works with non-profits and think tanks around the world.

In 2009, she co-chaired a task force within Americans for Financial Reform that helped shape key provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act.  In 2008, she served as the Deputy Policy Director in charge of Domestic and Economic Policy with the John Edwards for President campaign, helping craft that campaign’s agenda-setting policies to end poverty, halt global climate change, reform financial services, and other far-reaching aims.  She holds a B.A. in American Studies from Yale University and a J.D. from the University of California at Berkeley School of Law

Herbert has numerous awards, including the Meyer Berger Award for coverage of New York City, the American Society of Newspaper Editors award for distinguished newspaper writing, the David Nyhan Prize from the Shorenstein Center at Harvard University for excellence in political reporting, and the Ridenhour Courage Prize for the “fearless articulation of unpopular truths.”

Reich is currently Chancellor’s Professor of Public Policy at the Goldman School of Public Policy at the University of California, Berkeley. He was formerly a professor at Harvard University’s John F. Kennedy School of Government and professor of social and economic policy at the Heller School for Social Policy and Management of Brandeis University. He has also been a contributing editor of The New Republic, The American Prospect (also chairman and founding editor), Harvard Business Review, The Atlantic, The New York Times, and The Wall Street Journal.

Reich is a political commentator on programs including Hardball with Chris Matthews, This Week with George Stephanopoulos, CNBC’s Kudlow & Company, and APM’s Marketplace. In 2008, Time Magazine named him one of the Ten Best Cabinet Members of the century, andThe Wall Street Journal in 2008 placed him sixth on its list of the “Most Influential Business Thinkers”. He was appointed a member of President-elect Barack Obama’s economic transition advisory board. 

He has published 14 books, including the best-sellers, The Work of Nations, Reason,Supercapitalism, Aftershock: The Next Economy and America’s Future, and a best-selling e-book, “Beyond Outrage”. He is also chairman of Common Cause and writes his own blog about the political economy at robertreich.org.

Ms. Chettiar focuses on using economics and cost-benefit analysis to demonstrate that helping struggling communities can help the country as a whole achieve economic and social prosperity. She is listed in the national directory as a Top Wonk in criminal justice, economic policy, and race and economics. Her scholarship focuses on viewing policies as investments that lawmakers should evaluate based on what economic and societal benefits they produce. She received this training at NYU Law School’s Institute for Policy Integrity, where she led litigation and policy projects using cost-benefit analysis to reform a variety of federal laws.

Most recently, Ms. Chettiar applied these practices to achieve criminal justice reform while at the American Civil Liberties Union. She was one of the lead architects of the organization’s nationwide Initiative to End Overincarceration. She created comprehensive state legislative strategies, authored legislation to reduce prison populations and costs and helped create national and local bipartisan coalitions to successfully enact legislation.

Ms. Chettiar also served as a litigation associate at Debevoise & Plimpton LLP, where she ledpro bono cases on racial justice and criminal law. She was also a judicial law clerk to the Hon. Lawrence M. McKenna at the U.S. District Court for the Southern District of New York.

Her reform efforts and publications have been featured in The New York Times, The Wall Street Journal, The Atlantic, MSNBC.com, NPR, Bloomberg BusinessWeek, The Guardian, Forbes,and other outlets. She has published extensive scholarship on economic and fiscal policy, criminal law reform, and racial inequalities. In 2011, she was selected by the Center for American Progress as a Leadership Fellow for her groundbreaking leadership on the legal intersection of race and economics.

Ms. Chettiar holds a B.A. cum laude in political science and psychology from Georgetown University and a J.D. cum laude from the University of Chicago School of Law, where she served as Comment Editor of The Law Review. She is a member of the Society for Benefit Cost Analysis and American Correctional Association, and sits on the U.S. Department of Justice Pretrial Justice Task Force and the American Law Institute Model Penal Code Committee, which drafts model criminal codes for enactment in states.

He serves as Director of The Earth Institute at Columbia University, as well as Quetelet Professor of Sustainable Development and Health Policy and Management.  He is Special Advisor to United Nations Secretary-General Ban Ki-moon on the Millennium Development Goals, having held the same position under former UN Secretary-General Kofi Annan. He is co-founder and Chief Strategist of Millennium Promise Alliance, and is director of the Millennium Villages Project. He has authored three New York Times bestsellers in the past seven years: The End of Poverty (2005), Common Wealth: Economics for a Crowded Planet (2008), and The Price of Civilization (2011).

Professor Sachs is widely considered to be the world’s leading expert on economic development and the fight against poverty.  His work on ending poverty, promoting economic growth, fighting hunger and disease, and promoting sustainable environmental practices, has taken him to more than 125 countries with more than 90 percent of the world’s population.  For more than a quarter century he has advised dozens of heads of state and governments on economic strategy, in the Americas, Europe, Asia, Africa, and the Middle East.  He also advised Pope John Paul II on the encyclical Centesimus Annus. He works closely with international organizations including the African Union, the Asian Development Bank, the Inter-American Development Bank, the African Development Bank, the Islamic Development Bank, the World Health Organization, the United Nations Development Programme, the World Food Programme, UNAIDS, the Global Fund to Fight AIDS, TB, and Malaria, among others.

Professor Sachs’ work has been pivotal in many of the key junctures of globalization during the past thirty years.  In the 1980s he helped several Latin American countries including Bolivia, Brazil, and Peru to end hyperinflations and renegotiate their external debts.  He was the leading academic advocate in the United States for reducing the debt overhang of the developing countries and his ideas were incorporated in the global debt-reduction plans undertaken from the mid-1980s onward, including the Brady Plan and the HIPC Program.

In 1989, Professor Sachs advised Poland’s anti-communist Solidarity movement and the first post-communist Government of Prime Minister Tadeusz Mazowiecki.  He wrote the first-ever comprehensive plan for the transition from central planning to a market democracy, which became incorporated into Poland’s highly successful reform program led by Finance Minister Leszek Balcerowicz.  Professor Sachs was the main architect of Poland’s successful debt reduction operation.  The Government of Poland awarded Sachs with one of its highest honors in 1999, the Commanders Cross of the Order of Merit.  He also received an honorary doctorate from the Cracow University of Economics.

Sachs’s ideas and methods of transition from central planning were successfully adopted throughout the transition economies.  He helped Slovenia (1991) and Estonia (1992) to introduce new stable and convertible currencies.  Based on Poland’s success, he was invited first by Soviet President Mikhail Gorbachev and then by Russian President Boris Yeltsin on the transition to a market economy.  He served as advisor to Prime Minister Yegor Gaidar and Finance Minister Boris Federov during 1991-93 on macroeconomic policies.  He received the Leontief Medal of the Leontief Centre, St. Petersburg, for his contributions to Russia’s economic reforms.

From the mid-1990s till today, Prof. Sachs has been involved with economic reforms in many parts of Asia, including India and China.  He has been a senior advisor to the Indian Government, most recently on the scaling up of primary health care in rural areas (the National Rural Health Mission), a policy that he recommended and helped to promote through the Indian Commission on Macroeconomics and Health.  For his broad-based support of India’s economic reforms he was awarded the Padma Bhushan, one of India’s highest honors. He has similarly engaged with the Chinese Government on many issues of sustainable development, and during 2001-3 worked with senior government officials on China’s Western Development Strategy.  He has authored many scholarly and policy papers on India’s and China’s economic reforms.  Sachs has also worked in other parts of Asia on a number of development and research projects, including in Malaysia, Indonesia, Timor-Leste, Bangladesh, Bhutan, and others. He actively supports Bhutan’s innovative strategy of Gross National Happiness. He works with the Government of Jordan on a national program of poverty reduction and with the Government of Qatar on education and ICT initiatives throughout the Arab region.

Since 1995, Professor Sachs has been deeply engaged in Africa’s escape from poverty.  He has worked in more than two-dozen African countries, and has advised the African leadership at several African Union summits.  In the mid-1990s he worked with senior officials of the Clinton Administration to develop the concept of the African Growth and Opportunity Act (AGOA).  He has engaged with dozens of African leaders to promote smallholder agriculture and to fight high disease burdens through strengthened primary health systems.  His pioneering ideas on investing in health to break the poverty trap have been widely applied throughout the continent.  He currently serves as an advisor to several African governments, including Ethiopia, Ghana, Kenya, Malawi, Mali, Nigeria, Rwanda, Senegal, Tanzania, and Uganda, among others.

The Millennium Villages Project, which he directs, operates in more than one dozen African countries, and covers more than 500,000 people. The MVP has achieved notable successes in raising agricultural production, reducing children’s stunting, and cutting child mortality rates, with the results described in several peer-reviewed publications. Its key concepts of integrated rural development to achieve the MDGs are now being applied at national scale in Nigeria and Mali, and are being used by many other countries to help support national anti-poverty programs. He works very closely with the Islamic Development Bank to scale up programs of integrated rural development and sustainable agriculture among the Bank’s member countries. One such project supports pastoralist communities in the Horn of Africa, with six participating nations: Djibouti, Ethiopia, Somalia, Kenya, Uganda, and South Sudan.

Since the adoption of the Millennium Development Goals (MDGs) in 2000, Professor Sachs has been the leading academic scholar and practitioner on the MDGs.  He chaired the WHO Commission on Macroeconomics and Health (2000-1), which played a pivotal role in scaling up the financing of health care and disease control in the low-income countries to support MDGs 4, 5, and 6.  He worked with UN Secretary-General Kofi Annan in 2000-1 to design and launch the Global Fund to Fight AIDS, TB, and Malaria.  He worked closely with senior officials of the administration of George W. Bush to develop the PEPFAR program to fight HIV/AIDS, and the PMI to fight malaria. On behalf of Secretary-General Kofi Annan, from 2002-2006 he chaired the UN Millennium Project, which was tasked with developing a concrete action plan to achieve the MDGs.  The UN General Assembly adopted the key recommendations of the UN Millennium Project at a special session in September 2005. The recommendations for rural Africa are currently being implemented and documented in the Millennium Villages, and in several national scale-up efforts such as in Nigeria.

Professor Sachs has been the Director of the Earth Institute of Columbia University since 2002.  In that capacity, he leads a university-wide organization of more than 850 professionals from natural-science and social-science disciplines, in support of sustainable development.  Sachs has consistently advocated for the expansion of University education on sustainable development, and helped to introduce the PhD in Sustainable Development at Columbia University, one of the first PhD programs of its kind in the U.S.  He championed the new Masters of Development Practice (MDP), which has led to a consortium of major universities around the world offering the new degree.  The Earth Institute has also guided the adoption of sustainable development as a new major at Columbia College.  The Earth Institute is home to cutting-edge research on all aspects of earth systems and sustainable development.

Sachs is the recipient of many awards and honors, including membership in the Institute of Medicine, the American Academy of Arts and Sciences, Harvard Society of Fellows, and the Fellows of the World Econometric Society.  He has received more than 20 honorary degrees, and many awards and honors around the world. His syndicated newspaper column appears in more than 80 countries around the world, and he is a frequent contributor to major publications such as the Financial Times of London, the International Herald Tribune, Scientific American, and Time magazine.

Sachs’ policy and academic works span the challenges of globalization, and include: the relationship of trade and economic growth; the resource curse and extractive industries; public health and economic development; economic geography; strategies of economic reform; international financial markets; macroeconomic policy; global competitiveness; climate change; and the end of poverty. He has authored or co-authored hundreds of scholarly articles and several books, including three bestsellers and a textbook on macroeconomics that is widely used around the world.

Prior to his arrival at Columbia University in July 2002, Sachs spent over twenty years as a professor at Harvard University, most recently as Director of the Center for International Development and the Galen L. Stone Professor of International Trade.

Sachs was born in Detroit, Michigan, in 1954. He received his B.A., summa cum laude, from Harvard College in 1976, and his M.A. and Ph.D. from Harvard University in 1978 and 1980 respectively. He joined the Harvard faculty as an Assistant Professor in 1980, and was promoted to Associate Professor in 1982 and Full Professor in the fall of 1983, at the age of 28.

As I watch public interest efforts — from taxation to government waste; from environment to health care reform — I’m stunned that every single person working on these and so many other issues are not working exclusively on combatting the undue influence of money in politics. Because it’s all about the money.

Why do guys like Mitt Romney still pay a lower tax rate than you while the Pew Research Center reported last week: “America’s middle class has endured its worst decade in modern history.” Just look at the big money orgy happening in Tampa; the real-time subversion of the American middle class in favor of moneyed interests.

Read more at: The Huffington Post

Germany increasingly recognizes that if the adjustment needed to restore growth, competitiveness, and debt sustainability in the eurozone’s periphery comes through austerity and internal devaluation rather than debt restructuring and exit (leading to the reintroduction of sharply depreciated national currencies), the cost will most likely be trillions of euros. Indeed, sufficient official financing will be needed to allow cross-border and even domestic investors to exit. As investors reduce their exposure to the eurozone periphery’s sovereigns, banks, and corporations, both flow and stock imbalances will need to be financed. The adjustment process will take many years, and, until policy credibility is fully restored, capital flight will continue, requiring massive amounts of official finance.

Until recently, such official finance came from fiscal authorities (the European Financial Stability Facility, soon to be the European Stability Mechanism) and the International Monetary Fund. But, increasingly, official financing is coming from the European Central Bank – first with bond purchases, and then with liquidity support to banks and the resulting buildup of balances within the eurozone’s Target2 payment system. With political constraints in Germany and elsewhere preventing further strengthening of fiscally-based firewalls, the ECB now plans to provide another round of large-scale financing to Spain and Italy (with more bond purchases).

Thus, Germany and the eurozone core have increasingly outsourced official financing of the eurozone’s distressed members to the ECB. If Italy and Spain are illiquid but solvent, and large-scale financing provides enough time for austerity and economic reforms to restore debt sustainability, competitiveness, and growth, the current strategy will work and the eurozone will survive.

Read more at Project-Syndicate

Much controversy currently surrounds a radical federal budget overhaul designed by Representative Paul Ryan of Wisconsin and overwhelmingly backed by House Republicans. The Ryan plan calls for trillions of dollars in cuts in Medicaid and other safety-net programs for low-income and disabled Americans. It also goes after Medicare, one of the pillars of middle-class retirement, aiming to turn it into a voucher system that would force the typical retiree to pay about $6,000 more per year just to get the same benefits Medicare now guarantees.

What about Social Security? Ryan would effectively gut that program, too, supposedly to address a looming national fiscal crisis. But in fact Social Security’s long-term shortfall is manageable, and we need to invest more not less in this effective system.

Read more at Campaign for America’s Future.

First, as to recovery, the jobs stimulus averted much worse unemployment than we would otherwise have had; this is widely understood.

Second, as to reinvestment, it will bring real and lasting “change” — Grunwald uses this word deliberately, arguing that (unlike FDR) Obama has scrupulously kept his campaign promises. ARRA has transformed the energy sector, giving renewable energy a new lease on life; it modernized medical records, it put money into high-speed rail, and pushed high-speed internet out to poorer areas. This is the more original part of Grunwald’s book and the most valuable; it’s summarized here in the FP post.

Grunwald has a tremendous amount of energy, writes in a chatty, highly readable style, and the book is full of what certainly seems like terrific reporting. I hope very much lots of citizens, and especially perhaps journalists, will read it and take on board its argument, because it’s an argument that needs to be made

Read more at the Chronicle of Higher Education.

Much of the discussion about expanding H1-B visas focuses on whether there are particular areas of “skill shortage” despite persistently high unemployment.

The more fundamental question is how much American employers can cut their costs either by importing highly skilled workers or exporting highly skilled jobs.

The answer is, a lot.

Read more at NYTimes.com

For starters, China’s impressive growth performance over the last three decades has given the world an economically successful example of what many call “state capitalism.” Brazil’s development policies have also accorded a strong role to the state.

Questions concerning the state’s size and the sustainable role of government are central to the debate over the eurozone’s fate as well. Many critics of Europe, particularly in the US, link the euro crisis to the outsize role of government there, though the Scandinavian countries are doing well, despite high public spending. In France, the new center-left government faces the challenge of delivering on its promise of strengthening social solidarity while substantially reducing the budget deficit.

Alongside the mostly economic arguments about the role of government, many countries are experiencing widespread disillusionment with politics and a growing distance between citizens and government (particularly national government). In many countries, participation rates in national elections are falling, and new parties and movements, such as the Pirate Party in Germany and the Five Star Movement in Italy, reflect strong discontent with existing governance.

Read more at Caijing.

Americans also view entrepreneurialism as a vital route to upward mobility—a way for average people to build wealth, in the form of a business venture that can be passed on to one’s children or sold upon retirement. Whether it’s the family farm or the local diner, small businesses have traditionally provided citizens not only with income but also with a place to teach kids the value of responsibility and hard work.

Then there’s the role entrepreneurs play in creating jobs. One recent study by the Small Business Administration (SBA) showed that businesses with fewer than twenty employees were responsible for more than 97 percent of all new jobs between 1988 and 2004.

Read more at the New America Foundation.