On Wednesday, former Harvard president and Obama adviser Larry Summers joined Gregory Mankiw, an adviser to Mitt Romney, for a standing-room-only discussion hosted by the School of Public Policy and Urban Affairs.
Financial problems can arise in many forms, from the plunging economy to the aftermath of natural disasters. We asked Randy Colvin, an associate professor of psychology at Northeastern, to discuss the psychological impacts of a looming double-dip recession paired with the devastation caused by natural disasters such as Hurricane Irene — as well as ways people can improve their emotional health in the face of such stress.
Last week, the stock market suffered its worst stretch since 2008, while Standard & Poor’s downgraded the government’s credit rating for the first time in history. We asked finance expert Jeffrey Born, a professor in the College of Business Administration, to weigh in on the S&P downgrade, the impact of fiscal turmoil in Europe on the American economy and the risk of a double-dip recession — all factors weighing down investor sentiment when it comes to the world’s major economies.