The University’s endowment realized a 19.6 percent return for the fiscal year that ended on June 30.
The Daily Princetonian sat down with Nobel Prize-winning economist Paul Krugman before his public lecture Monday titled “Learning from Europe.” He spoke about the European recovery, midterm elections, separation from the Universityand his favorite NPR Tiny Desk Concerts.
While the United States witnesses relatively positive economic news,such as the recent jobsreport, Europe continues to lag behind the recovery curve, economics professor Paul Krugman said at a lecture on Monday. Krugman won the Nobel Prize in economics in 2008, and will be retiring from the University in June. Krugman began the lecture by outlining the different outcomes for Europe and the United States. “When all is said and done, the [United States] has had a gradual, if painfully slow improvement,” he said.
Alan Krueger spoke to seniors on Thursday about the difficulty of managing the economy during the recession and the importance that rising inequality could play in the future of the United States. Kruger is a professor of economics and public affairs and former Chairman of U.S.
While new financial regulation has focused on bank oversight and risk management, economics and Wilson School professor Atif Mian and professor of finance at the University of Chicago Booth School of BusinessAmir Sufi argue in an upcoming book that not enough attention has been paid to the role of high levels of private, household debt in the Great Recession. “The profession at-large and also the policy side have severely underestimated the importance of debt for the whole of the economy,” Mian explained. Their book, called "House of Debt," is complemented by anew blogthat bears the same title and debuted inMarch.
While the federal government remained shut down Wednesdayafter Congress failed to agree on the terms of a continuing resolution, the Patient Protection and Affordable Care Act Health Exchanges are just opening for business and leaving their marks within the Orange Bubble.
In addition to their yearly training before students arrive on campus in the fall, the University’s residential college advisers learned they would be participating in another University program this year — a credit card initiative.
Eliot Spitzer ’81, who left the New York governor’s mansion in disgrace after a prostitution scandal, lost Tuesday’s Democratic primary for Comptroller of New York City in a tight race against current Manhattan Borough President Scott Stringer.