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Credit is Still Tight

Robert E. Litan, November 19, 2009

Even though parts of the economy have shown improvement, credit is still tight and threatens the viability of new businesses that create so many new jobs. They need access to capital to keep their firms viable, Litan says.

U.S. Economy, U.S. Economic Growth, Banking

Fiscal Challenges Facing Cities: Implications for Economic Recovery
Full Event Audio: Part One

November 19, 2009

The current economic crisis is not only a national crisis; it is also a metropolitan crisis. And soon the downturn will bring a local government fiscal crisis. On November 19, the Brookings Metropolitan Policy Program and the National League of Cities co-hosted a forum on city fiscal conditions, the responses being undertaken by creative mayors, and the implications for national economic recovery.

Cities, Global Financial Crisis, Fiscal Policy, U.S. Economy

Fiscal Challenges Facing Cities: Implications for Economic Recovery
Full Event Audio: Part Two

November 19, 2009

The current economic crisis is not only a national crisis; it is also a metropolitan crisis. And soon the downturn will bring a local government fiscal crisis. On November 19, the Brookings Metropolitan Policy Program and the National League of Cities co-hosted a forum on city fiscal conditions, the responses being undertaken by creative mayors, and the implications for national economic recovery.

Cities, Global Financial Crisis, Fiscal Policy, U.S. Economy

Evaluating the Economy and the Possibility of a "Double Dip" Recession

Robert E. Litan, November 19, 2009

The economy is showing some bright spots, but rising unemployment, weak consumer spending and the housing market continue to be concerns. Robert Litan examines the state of the economy and offers insights into job creation and entrepreneurship, the possibility of a “double dip” recession and higher capital requirements for lending institutions.

U.S. Economy, U.S. Economic Growth, Banking, U.S. Financial Market Regulation

Capital Requirements for Banks

Robert E. Litan, November 19, 2009

Regulators are considering raising capital requirements for banks. But those actions are not targeted to take effect for some time, so that they do not make the credit crunch worse, Litan says.

U.S. Economy, U.S. Economic Growth, Banking, U.S. Financial Market Regulation

A Possible Double Dip Recession?

Robert E. Litan, November 19, 2009

Robert Litan says the economy has shown some signs of recovery but notes there's still a possibility of a double dip recession as the stimulus and Fed actions taper off.

U.S. Economy, U.S. Economic Growth, Banking

Risks for Administration

November 18, 2009

Wittes says there are several sound reasons for trying these suspects in federal court, still he cautions, these prosecutions pose risks for the administration.

Legal Architecture for the War on Terror, Justice and Law, U.S. Department of Justice, Terrorism, U.S. Politics

Critics Waiting to Pounce

November 18, 2009

Wittes says GOP lawmakers are critical of the administration's stance on the impending civilian trials of the 9/11 suspects, adding that Obama's detractors will pounce if the process falters.

Legal Architecture for the War on Terror, Justice and Law, U.S. Department of Justice, Terrorism, U.S. Politics

Prosecutions Not Surprising

November 18, 2009

Trying Mohammad and his co-conspirators in federal court is a controversial move, but it’s not surprising, Wittes says.

Legal Architecture for the War on Terror, Justice and Law, U.S. Department of Justice, Terrorism, U.S. Politics

Prosecuting Khalid Sheikh Mohammed in Federal Court

Benjamin Wittes, November 18, 2009

The decision to prosecute alleged 9/11 master-mind Khalid Sheikh Mohammed and his co-conspirators in a civil trial in the Southern District of New York sparks debate on how to best try terrorism suspects. Benjamin Wittes offers his views on the significance of trying terror detainees in the U.S. civilian judicial system.

Legal Architecture for the War on Terror, Justice and Law, U.S. Department of Justice, Terrorism, U.S. Politics

Department of Education Launches Race to the Top

Grover J. "Russ" Whitehurst, November 17, 2009

Through a new competitive grant program called Race to the Top, the U.S. Department of Education is awarding $4 billion of stimulus money to states that demonstrate a commitment to education reform and innovation. Russ Whitehurst says it is a promising program that could promote education reform and elevate the education of thousands of children.

Education, U.S. Department of Education, U.S. Economic Stimulus, Urban and Inner-city Schools

Weaknesses in the Program

November 17, 2009

Whitehurst says Race to the Top is a largely positive effort but points to a number of weaknesses in the program, which can undermine the overarching goals of the initiative.

Education, U.S. Department of Education, U.S. Economic Stimulus, Urban and Inner-city Schools

A Possible Game Changer

November 17, 2009

Whitehurst is optimistic about the success of the program saying it could be an education reform game-changer.

Education, U.S. Department of Education, U.S. Economic Stimulus, Urban and Inner-city Schools

Needy Schools Left Out

November 17, 2009

Schools that need the most financial help are not necessarily the most likely to secure the grants, Whitehurst says, because funding will be given to schools with established innovative educational programs.

Education, U.S. Department of Education, U.S. Economic Stimulus, Urban and Inner-city Schools

Local Governments to Face Large-Scale Cuts

Mark Muro, November 16, 2009

Despite reports that the economy is recovering from the recession, there will likely be large-scale city government layoffs, deep cuts to local government services and halted or delayed capital projects in the next year or two. Mark Muro, policy director of the Metropolitan Policy program, explains economic cycles and their impact on city and local governments.

Regions and States, Cities, U.S. Economy

Karen Dynan and Alan Berube Comment on the Second “How We’re Doing” Index

Karen Dynan and Alan Berube, November 15, 2009

Despite the economy’s expansion last quarter, many American workers still lack jobs, the confidence to spend money or a home to call their own. Brookings scholars have been tracking data on various dimensions of national and international well-being since early this year. Karen Dynan and Alan Berube examine the findings in the second Brookings “How We’re Doing” Index.

U.S. Economy, U.S. Economic Growth, Mortgage Market, Cities

The U.S.-Israel Partnership: Can New Governments Overcome Old Challenges?

November 14, 2009

On November 14-16, 2009, the Saban Center for Middle East Policy at Brookings brought together top Israeli and American policymakers, journalists, and members of the public and private sectors to Jerusalem for discussions on the most critical issues in the Middle East.

Middle East, Arab-Israeli Relations, Diplomacy, Israel, Islamic World

@ Brookings Podcast: President Obama's Trip to Asia; U.S. Senate Considers New Financial Oversight

November 13, 2009

The global challenges facing President Obama and President Hu Jintao in China; and an assessment of the banking reform legislation in the Senate, all @Brookings.

The Global Recession and Climate Change

Warwick J. McKibbin, November 13, 2009

Delaying national commitments to reach reduced greenhouse gas emissions will be more costly for national governments in the long run. Nonresident Senior Fellow Warwick McKibbin says the floundering global economy is a critical factor in what actions can be taken now.

Climate and Energy Economics, Environment, Global Financial Crisis, Global Warming, Environmental Regulation

Fixing the Financial Sector in the Wake of the Economic Crisis

Douglas J. Elliott, November 12, 2009

Sen. Christopher Dodd (D-Conn) has introduced legislation to reform the financial sector in the wake of the recent economic crisis. Senator Dodd’s proposal calls for consolidating the four federal financial regulatory agencies into a single regulator. Fellow Douglas Elliott says regulation consolidation is definitely in order.

U.S. Financial Market Regulation, Financial Institutions, Financial Markets, Financial Services, Banking

Previewing President Obama's Trip to Asia and the APEC Forum

Richard C. Bush III, November 12, 2009

As President Obama prepares for his trip to China and the Asia-Pacific Economic Cooperation (APEC) forum in Singapore, Richard Bush says that the APEC meetings will help the United States fortify its relationships with Asian countries.

Asia, Japan, Foreign Policy, The Presidency

Building Bridges between China and the United States

Kenneth G. Lieberthal, November 12, 2009

As part of a multi-nation Asia trip that began last week, President Obama, now in China, met with Chinese Premier Hu Jintao to foster greater understanding and cooperation between the U.S. and China. Kenneth Lieberthal discusses the importance of the meeting between the two leaders.

China, Asia, Global Financial Crisis, Foreign Policy, The Presidency

Combine Financial Regulatory Agencies

Douglas J. Elliott, November 12, 2009

Douglas Elliott advocates combining the financial regulatory agencies into one to prevent regulatory arbitrage, saying Senator Dodd's proposed legislation is a move in the right direction.

U.S. Financial Market Regulation, Financial Markets, Financial Institutions, Financial Services, Banking

Building Bridges between China and the United States

Kenneth G. Lieberthal, November 11, 2009

During his China visit, President Obama will seek to build additional bridges between the two nations, rather pursuing any immediate and concrete actions, Kenneth Lieberthal says. However, he mentions one particular area where the U.S. and China might find common ground.

China, Asia, Foreign Policy, The Presidency

U.S., China and the Global Recession

Kenneth G. Lieberthal, November 11, 2009

The talks between China and the U.S. will focus heavily on the current economic climate, as the two nations discuss the impact of the global recession and avenues for rebounding from the downturn, Kenneth Lieberthal says.

China, Global Financial Crisis, Asia, Foreign Policy, The Presidency

The Hidden People of North Korea: Everyday Life in the Hermit Kingdom

November 10, 2009

On November 10, Kongdan Oh and Ralph Hassig will discussed their new book The Hidden People of North Korea: Everyday Life in the Hermit Kingdom (Rowman & Littlefield, 2009). For decades, the people of North Korea have lived in extreme isolation under a closed and repressive regime, where individual rights are restricted and the regime exercises complete control over the political class and legal systems.

North Korea, Human Rights, Civil Liberties, Northeast Asia

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