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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A Closer Look at Trump’s Proposed Medicare, Medicaid Cuts

02/13/18 – WTTW
Article quotes Professor Amanda Starc on the potential implications of Medicaid cuts. Starc said she disagrees that the cuts will be good for the program and that it will cost states more to enforce the work requirements than it’ll save from the cuts.

B-School Bulletin

02/10/18 – Poets & Quants
Article highlights insights from Professor Sarit Markovich on the issues that surround cryptocurrencies. Article also highlights as the NEST project, which Professor Kara Palamountain is a member of, and how the project recently won $15 million to help even preventable newborn deaths in Africa.

How Many More Jobs Would There Be Without the Trade Deficit?

02/07/18 – Forbes
Article by Adjunct Professor Phil Levy examines the potential implications associated with a reduced trade deficit. Levy examines the common fallacy that reducing the trade deficit would actually lead to more jobs.

How do your Financial Adviser’s Fees Compares? Good Luck Figuring it Out

02/07/18 – The Wall Street Journal
Article by Visiting Professor Ben Harris discusses how to evaluate if you are getting a good value with your financial adviser. Harris highlights the difficulty in obtaining industry information on the different rates advisers charge.

Bezos, Buffett and Dimon can’t solve health care’s ills

01/31/18 – Crain’s Chicago Business
Article by Professor Harry Kraemer argues the new partnership formed by Amazon, Berkshire Hathaway, and JPMorgan Chase will run into difficulty trying to fix the $3.3 trillion U.S. health care industry.

President Trump's Remarkably Tame Take On Trade

01/31/18 – Forbes
Article by Adjunct Professor Phil Levy analyzes President Trump’s opinion on trade during his State of Union address. Levy said it is interesting that Trump did not mention NAFTA, the trade deal with South Korea, nor the Trans-Pacific Partnership in the address.

Can Amazon and Friends Handle Health Care? There’s Reason for Doubt

01/30/18 – New York Times
Article examining the plan for JPMorgan Chase, Berkshire Hathaway and Amazon to join forces to create a health care company, quotes Professor Craig Garthwaite, who said “It’s not going to transform the economy unless they then share all of those ideas and best practices with their competitors. That would not be good for long-term shareholder value for their firms.” Also covered in Vox and

President Trump Makes His Pitch At Davos

01/27/18 – Forbes
Article by Adjunct Professor Phil Levy analyzes President Trump’s speech in Davos, where he said the United States is open for business at attractive prices.

Debt payments, Icelandic adventures, car repairs: How area workers are spending their tax cut bonuses

01/26/18 – Chicago Tribune
Article quotes Professor Ben Harris on corporations’ likely underlying motivations that accompany tax cuts. Harris said the tax cuts will help corporations with finding and keeping workers in a tight labor market.

Health-Care Costs Rose for Americans with Employer-Sponsored Insurance

01/23/18 – The Wall Street Journal
Article quotes Professor Craig Garthwaite, who said the Health Care Cost Institute did not account for inflation when making its report about increased inpatient spending. Garthwaite argues the increases would be smaller if the report used inflation-adjusted prices.

Crash and churn: Crypto story far from over despite falling price

01/19/18 – The Hill
Article by Professor Robert Wolcott discusses the recent cryptocurrency crash and examines what’s next for the crypto market, if it can recover from current levels.

2018’s High Federal Conforming Mortgage Loan Limits Signal Confidence In the House Market

01/17/18 – Forbes
Article quotes Professor Craig Furfine, who says the FHFA increasing loan limits shows that housing prices have done well over the last year, since it is a lagging indicator of things going right with the economy.

Health care professionals fear Medicaid changes

01/17/18 – USA Today
Video interviews Professor Craig Garthwaite about looming Medicaid changes and the potential impact on identifying able-bodied people who can serve in the workforce, and need access to health care.

How Blockchain Could Radically Alter Global Finance

01/15/18 – Poets & Quants
Article highlights Professor Robert McDonald’s recent insights on blockchain technology. McDonald discusses how blockchain led to Bitcoin’s rise to prominence and how it could play a major role in the future of global finance.

Health care deals could make you healthier but may not save you money

01/14/18 – USA Today
Article quotes Professor Craig Garthwaite, who says health care deals will move the industry closer to a model where doctors and insurers are part of the same company. Also quoted in Vox.

The cure for income inequality lies in the voting booth

01/11/18 – The Hill
Article by Visiting Professor Benjamin Harris argues that policymakers can narrow the wealth gap by increasing the return to work through spending on traditional education and strengthening training programs for mid-career workers. Harris also said it would be beneficial to boost federal minimum wage.

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.