Former British Prime Minister Discusses Globalization in Special Lecture
The NYU Office of the President welcomed NYU Wagner, Stern, and CAS students to a special lecture with The Right Honourable Gordon Brown MP, former Prime Minister of the United Kingdom, on September 22 at the Kaufman Management Center at NYU Stern. Mr. Brown led a discussion on developments in globalization.
During his talk, Mr. Brown addressed issues relating to globalization, with a focus on fledgling political movements arrayed against it. He started with the growing tide of secessionist sentiments that have manifested themselves in such countries as Scotland, Belgium, Spain, and Italy. Mr. Brown, who is a native of Scotland, took questions regarding Scotland’s recent vote not to secede from the U.K., and stated that such reactionary responses as xenophobia and protectionism are counterproductive to the pursuit of the global solutions.
Mr. Brown then emphasized the importance of global cooperation; especially in an era when individual governments are not able to tackle today’s global concerns alone. As an example, he pointed to the UN Climate Change Conference of 2009. He argued that this was the kind of multi-lateral summit needed to address global problems, even though several issues emerged, such as reporting and enforcement challenges, that eventually ensured the conference’s unsuccessful outcome.
He also discussed the global economic recession of 2008, noting that many European countries initially believed the financial crisis would only affect the United States. However, as countries throughout Europe began having similar economic collapses, the realization of an inter-connected economy quickly emerged. This led to another global and multi-lateral approach as the G20 was created to address these economic issues. Unfortunately, Mr. Brown pointed out, global cooperation faded later that year and these types of economic calamities were soon labeled as a Greek crisis or an Ireland crisis.
The former prime minister closed by stating that without serious global leadership and multi-lateral cooperation, perennial crises such as child trafficking, global poverty, and global epidemics will continue to endanger our future. He emphasized that it is imperative that we reform our global institutions, inform public opinion on the positives of globalization, and encourage political leaders to focus on important issues through a global, not a national lens. Only then, he said, will we begin to see true positive change for global challenges.
Author: Jayson W. Browder (Global Executive MPA, 2015), is an Air Force and Iraq Veteran and U.S. Fulbright Scholar (Turkey)
Forum Explores Financial Squeeze Facing Nonprofit Human-Services Sector
More than 100 leaders of nonprofit organizations, along with state and city social services officials, gathered at NYU Wagner on Feb. 24 for the release of an exhaustive report calling for urgent reforms to shore up the nonprofit human-services sector in New York, responsible for delivering essential government services to 2.5 million people each year. The report, "New York Nonprofits in the Aftermath of FEGS: A Call to Action," identifies chronic problems and offers systematic solutions to what it characterizes as a crisis-level financial squeeze facing the large sector.
"The FEGS (Federation Employment & Guidance Services) bankruptcy took place against the backdrop of a chronically underfunded sector, and it gives us an opportunity to have a real discussion about the state of New York's nonprofit human services organizations," said Gordon J. Campbell, Professor of Practice at NYU Wagner, who chaired the 32-member Non-Profit Closure Commission. The commission's deliberations led to the report.
"The commission developed this report to bring desperately needed atttention to the issues our sector is facing, and to offer solutions to bring this sector back from the brink," Professor Campbell said.
The well-attended event was sponsored by the Association for a Better New York (ABNY), the Human Services Council of New York, and NYU Wagner. Associate Dean Ellen Lovitz welcomed the audience to the school's Rudin Family Forum for Civic Dialogue on the second floor of the school's home in the historic Puck Building, followed by introductory remarks from ABNY Chairman and Rudin Management Company President Bill Rudin
Allison Sesso, Executive Director of the Human Resources Council, provided an overview of the report, and Professor Campbell moderated a panel discussion with: Steven Banks, Commissioner, New York City Human Resources Administration; Paul Francis, NYS Deputy Secertary for Health and Human Services; Christine Quinn, President and CEO of Win and former New York City Council Speaker; David Rivel, CEO of The Jewish Board, and Pat Swann, Senior Program Officer at the New York Community Trust.
Furman Center Presents New Data on NYC Mortgage Lending
The Furman Center for Real Estate and Urban Policy, a joint research center between NYU Wagner and NYU Law, recently released its fourth annual analysis of FFIEC’s Home Mortgage Disclosure Act data, called Mortgage Lending in the Great Recession: HMDA 2009.
The analysis reflects several surprises in a tumultuous year. While home purchase mortgage lending declined throughout the recession, the study found that lending to low and moderate income home buyers increased in 2009, as did the number of new mortgages backed by the Federal Housing Administration (FHA) and Veteran’s Administration (VA). In 2009, 16 percent of New York City home purchase mortgages were FHA/VA-backed loans, compared to less than one percent of loans issued from 2005 to 2007.
The study also found, in contrast to home purchase lending, that mortgage refinancing increased substantially in 2009. The increase in refinancing activity, however, was not uniform across New York City’s different racial and ethnic communities. Black and Hispanic homeowners did not refinance at the same rates as white and Asian borrowers, which suggests that not all New York homeowners were equally able to take advantage of lower interest rates and reduce their monthly payments.
Furman Center Releases "15 Years of Research, Analysis and Insight"
Over the past 15 years, the Furman Center has been committed to the highest standards of interdisciplinary empirical and legal research about housing, land use, real estate, and urban affairs. This report looks back at the Furman Center’s past research, events and reports in four focus areas: Housing Finance and Foreclosures, Affordable Housing, Land Use Regulation, and Neighborhood Change.