Reform of the $1.2 Trillion U.S. National Flood Insurance Program

Congress passed on June 29 a 5-year extension of the federally-run NFIP which covers 5.6 million policyholders across the country. The President is expected to sign it into law soon. The bill contains several important modifications in the operation of the program, notably a much welcome move from subsidized rates to risk-based premiums and a […]

Toward a Euro II Quarantine Zone? (June 2012)

(with Donald E. Callaghan). With Christine Lagarde leading the IMF and Mario Draghi as president of the ECB, there is a significant opportunity for decisive and bold action to break away from incrementalism regarding the eurozone debt crises. These leaders have made it clear that they have the firepower and will to lead the eurozone […]