Freeland File

Tax change could bring $1 trillion back to U.S.

Cisco is keeping $43 billion in foreign profits overseas but CEO John Chambers says he’d bring that whole amount home if the U.S. cut taxes on overseas profits, and that that other firms would follow suit.

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A Fair Comparison? The U.S. vs. Europe

The U.S. economy is struggling but at least it’s not as bad as Europe’s, Ed Conard, a former Bain Capital partner, says at a debate at the Center for American Progress in Washington. But Austan Goolsbee, former Obama economic adviser, argues that it’s completely illogical to even compare the two. Let us know where you stand in this debate in the comments section below.

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Economics Professor Simon Johnson

Simon Johnson, an economics professor and former International Monetary Fund counselor, says JPMorgan CEO Jamie Dimon should leave the New York Federal Reserve board if he wants the Fed to again become a bastion of stability.

Calls to reduce Medicare are misguided. If the government cuts it, all Americans ultimately will pay more for healthcare.

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Follow the conversation on Twitter at #AspenIdeas.

Reuters TV Roundup

Today was an extremely busy day over at Reuters TV. Here’s a roundup of all the videos that were posted.

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Rough Cuts

After Hosni Mubarak received a life sentence for his role in civilian deaths during the country’s revolution, protesters marched on Tahrir Square in central Cairo.

Warren Buffett, speaking to the Economic Club of Washington, said he believed the chances of a U.S. recession were very low.

Fast Forward

On the other hand, Wilbur Ross, CEO of WL Ross & Co, explains why he thinks the U.S. is headed for recession.

Breakingviews

Breakingviews columnists discuss the implications of Governor Scott Walker’s recall election victory for November’s presidential election

Decoder

Recent oil price dips are a short term phenomenon and will have no impact on Royal Dutch Shell’s spending plans, says CEO Peter Voser.

Ben Bernanke still has plenty of options in the Fed policy arsenal — from a new twist on Operation Twist to all-out QE3. Reuters Fed correspondent Mark Felsenthal explains.

Freeland File

Reuters Global Editor Chrystia Freeland caught up with IMF Chief Christine Lagarde at a conference in Riga, Latvia.

 

 

The Crisis in Europe: Structural Reform Necessary For Survival

Former Treasury Secretary, Robert Rubin tells Chrystia Freeland that European leaders have been behind the curve since the Greek debt crisis began.

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How Roger Altman Would Fix the U.S. Economy

Former United States Deputy Secretary of the Treasury Roger Altman tells Reuters Digital Editor Chrystia Freeland about his ideas for reviving the economy and why he thinks the labor market is even weaker than the data indicates. Stay tuned for Part 2 of the interview.

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Freeland File Exclusive – Mikhail Prokhorov: Why “I’m better” than Putin

Mikhail Prokhorov say he would be a better president than Putin because Russia needs a new policy that promotes competition. Is he a serious contender or a Kremlin puppet? Watch him give Putin a test ride in his new car and offers Reuters Digital Editor Chrystia Freeland his critique of the ”cynical” Russian elite.