Public-Private Interface News

Former Secretary of the Treasury Larry Summers in conversation with Prof. Janice Eberly

Lawrence Summers

Larry Summers delivers the Susan Bies Lecture on Economics and Public Policy

The former Secretary of the Treasury spoke with Kellogg’s Janice Eberly

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How Retirement Savers Can Protect Against the Risk of a Changing Tax Code

01/10/18 – The Wall Street Journal
Article by Visiting Professor Benjamin Harris examines how retirement savers can protect themselves from a constantly changing tax code.

Trump’s pick to head HHS balks at having government negotiate drug prices

01/09/18 –
Article quotes Professor Craig Garthwaite on Medicare negotiations. "For Medicare negotiating to work, they would have to say that some drugs are not available because they are too expensive, effectively creating a single set of drugs available for the elderly…Frankly, that doesn't appear to be something that Americans are prepared for at this point."

Oprah Winfrey’s Golden Globe Speech Inspires Democrats’ Visions of a 2020 Presidential Run

01/08/18 – The Wall Street Journal
Article discusses Oprah’s speech at the Golden Globes, quoting Professor Craig Garthwaite, who has studied celebrity endorsements with a focus on Oprah. He said he can’t thoroughly describe her politics, which could make her the perfect hypothetical candidate.

Can We Escape Trade Disaster In 2018?

01/04/18 – Chicago Tribune
Article discusses the 11th annual One Acre Fund, which had more than 400 supporters from the business, academic and philanthropic communities and raised over $2.1 million to support smallholder farmers in Africa. The event honored Kellogg and its community for serving as a "critical catalyst" to the launch and growth of One Acre Fund.

Can We Escape Trade Disaster In 2018?

01/04/18 – Forbes
Article by Adjunct Professor Phil Levy discusses how when it comes to U.S. trade policy, there is very little chance that that things will actually go well; optimists may instead hope for a period of quiet neglect. Pessimists have cause to set their imaginations free.

2017: Trump's Troubled Year In Trade Policy

12/29/17 – Forbes
Article by Adjunct Professor Phil Levy discusses how to date, the Trump administration has been ineffective in putting forward a viable new vision for trade, but it has managed to shake the old order, highlighting four top trade stories from 2017.

Don't confuse soaring stocks with real economic growth

12/29/17 – The Hill
Article by Visiting Professor Benjamin Harris gives a recap of the 2017 stock market and offers his predictions for stocks in 2018. “To sum up, was 2017 one of the best years ever for the market? No. Was it in the top quarter? Yes. Were market gains indicative of higher long-run growth? Probably not. Can we expect more fiscal stimulus in 2018? Only if you’re a true optimist.”

Trump's New Tax Reform Likely Won't Help The Trade Deficit

12/28/17 – Forbes
Article by Adjunct Professor Phil Levy discusses the new tax law signed by President Trump, and explains that while features of the law may positively impact the desirability of doing business in the United States, the President has a particular fascination with the trade deficit. Does it follow that a boost to business incentives will move us toward balanced trade?

Our Favorite MBA Startups Of 2017

12/28/17 – Poets & Quants
Article discusses P&Q’s favorite MBA startups coming out of 2017, highlighting the Kellogg social impact startup, Front Row Education, on page 2.

China Policy: Ghost Of Christmas Past

12/23/17 – Forbes
Article by Adjunct Professor Phil Levy reflects back on and addresses the economic questions devoted to U.S. trade policy with China, and China’s acceptance into the WTO in 2001.

The Loopholes Drug Companies Use to Keep Prices High

12/20/17 – Bloomberg
Article discusses how drugmakers are using a variety of strategies to extend the exclusivity period of their wares, keeping less expensive alternatives away from patients. Article quotes Professor Craig Garthwaite, on how “the expectation of more exclusivity fuels investment in drug companies, potentially leading to future breakthroughs—even as some patients have trouble paying for the drugs.”

Rauner keeping public in dark about rates in Medicaid reboot

12/19/17 – Crain's Chicago Business
Article examines the lack of public disclosure in Governor Bruce Rauner’s Medicaid managed care overhaul, quoting Professor Joel Shalowitz, who contrasted Illinois' lack of disclosure with Medicare, which typically makes rates public. "My personal philosophy is that if it's a public contract, it should be open to public scrutiny."

Allbirds, How To Take A Leap Of Faith To Success

12/14/17 – Forbes
Article by Adjunct Lecturer Paul Earle discusses the story of Allbirds, a profitable Kellogg start-up, and how various aspects, including faith as a business principle, has made the company so successful.

Lighthizer's Global Trade Governance Critique

12/12/17 – Forbes
Article by Adjunct Professor Phil Levy gives four legitimate critiques of how the trading system under US Trade Representative Robert Lighthizer is currently operating.

Venezuela's PDVSA settles lawsuit with China's Sinopec

12/12/17 – Reuters
Article discusses the settlement between Venezuela’s state oil company PDVSA and its Chinese counterpart Sinopec. Even in the context of delayed debt payments by Venezuela, Adjunct Lecturer Daniel Lansberg-Rodriguez said “when you think about the cash flow at PDVSA, it’s not a difficult sum to pay.”

Tax reform and health policy should be linked — just not via the individual mandate

12/11/17 –
Article by Professor Craig Garthwaite discusses how tax reform and health policy are inexorably linked, despite protests that they are separate. Republicans have a unique opportunity to significantly improve health insurance markets and produce the conditions for truly revenue-neutral and conservative tax reform, which would involve repealing the tax break for employer-provided health insurance.

More companies find spending on corporate responsibility increases the bottom line

12/08/17 – Chicago Tribune
Article takes a look at major companies rolling out corporate social responsibility plans, quoting Adjunct Lecturer Shannon Schuyler. “For large companies, investing in a corporate social responsibility plan, as Kraft Heinz just did, is the minimum of what’s expected.”

Though valuable, bitcoin unlikely to replace traditional currencies

12/08/17 – The Hill
Article by Professor Sarit Markovich discusses her perspective on the future of bitcoin, noting how bitcoin may ultimately become a way to keep and grow value, rather than a means of transacting value between parties.

CVS’s $68 Billion Bid to Bring One-Stop Shopping to Health Care

12/07/17 – Bloomberg
Making them part of the same company that delivers care and offers health insurance can ensure it doesn’t happen, quoting Professor Craig Garthwaite. When different parts of the system combine, “everyone’s profit motives are aligned at providing care that leads to good outcomes.” Politico also interviewed Craig on this topic.

Bitcoin Price Soars Ahead of Launch of Futures Trading In Chicago

12/06/17 – Chicago Tonight
Professor Sarit Markovich is interviewed on what bitcoin is and why more and more investors are giving it a hard look.