In an outspoken critique of the world’s food system, Jeffrey Sachs, director of the Center for Sustainable Development at Columbia University, called for profound change. “On the one hand we have hunger in places of poverty, with families who farm often unable to feed themselves,” Sachs says. “On the other, the food industry has physically addicted huge numbers of people to sugar and unhealthy processed food.”
The economist Guido Sandleris will be the new president of the Central Bank of Argentina (BCRA).
The Spanish economist questions the response of Europe and China to Trump’s protectionism. “Everyone shoots themselves in the foot,” he says. The behavior of all those involved in the commercial war is irrational, according to the economist at Columbia University Xavier Sala i Martín, who is concerned about an escalation considering that protectionism has become a precursor to armed conflicts.
Columbia University economist Richard Clarida was sworn in as the Federal Reserve’s vice chairman on Monday, the central bank said in a statement. Mr. Clarida will serve as the No. 2 to Fed Chairman Jerome Powell, who administered the oath of office. Mr. Clarida was nominated to a four-year term as vice chairman in April by President Trump, and the Senate confirmed his nomination in August on a 69-26 vote.
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