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Politics and Policy

Can Markets Respond to Climate Risk Without Government?

We asked Professor Todd Cort, an expert on sustainability finance, how the revocation of the 2009 EPA Endangerment Finding would affect decisions about climate risk from investors, lenders, and companies.

An aerial view of a power plant with steam coming from smokestacks and cooling towers
  • DOGE’s Lease Cancellations Are Already Hitting the Commercial Real Estate Market‌

    A study co-authored by Yale SOM’s Cameron LaPoint shows that the cancellations drove up the cost of commercial mortgage-backed securities as investors priced in more risk, and could reverberate through the broader economy.

    An office tower with an "office space for lease" sign
  • MAGA’s March Toward a Command Economy

    The Trump approach to the economy is anything but conservative, write Yale SOM’s Jeffrey Sonnenfeld, former Procter & Gamble CEO John Pepper, former Xerox CEO Anne Mulcahy, former Medtronic CEO Bill George, and Laura Tyson, former chairman of the White House Counsel of Economic Advisers.

    Donald Trump with economic charts in the Oval Office
  • The President Holds the Trump Card in His Meeting with Putin. Will He Play It?

    When Donald Trump meets with Vladimir Putin about the war in Ukraine this week, write Yale SOM’s Jeffrey Sonnenfeld and co-author Steven Tian, he should remember that he has a key piece of leverage: Russia’s economy is struggling, and the U.S. can push it off the cliff.

    Donald Trump and Vladimir Putin before a meeting in Helsinki in 2018.
  • Trump’s Tariff Tantrums Are Hobbling the U.S. Economy

    Yale SOM’s Jeffrey Sonnenfeld and co-author Stephen Henriques write that the economic effects of Trump’s arbitrary and unpredictable tariffs and oversold investment deals are already apparent.

     Cars are loaded onto the car carrier ship Polaris Liberty at the automotive terminal in Bremerhaven, Germany, on August 11. 
  • The Last Disgrace of the ‘Tiffany Network’

    Yale SOM’s Jeffrey Sonnenfeld, with co-authors Steven Tian and Stephen Henriques, writes that the capitulation of CBS to the Trump administration is the final stage of a long decline for three storied brands.

    A water tower on the Paramount movie lot
  • Zelensky Must Protect Civil Society

    Jeffrey Sonnenfeld and coauthors write that Ukrainian President Volodymyr Zelenksy’s recent moves against political rivals are self-defeating and dangerous missteps. They argue that he needs to show the courage to acknowledge mistakes and restore trust.‌

    Protestors in Ukraine
  • What Happened When Five AI Models Fact-Checked Trump

    President Donald Trump is an AI booster, write Yale SOM’s Jeffrey Sonnenfeld and co-authors Stephen Henriques and Steven Tian. So they thought it was fair to ask the leading chatbots to evaluate some of Trump’s frequently repeated claims.

    Sam Altman of OpenAI speaking at the White House
  • The Problems with a Socialist Vision for NYC

    Yale’s Jeffrey Sonnenfeld and co-authors suggest that some of New York City mayoral candidate Zohram Mamdani’s socialism-inspired proposals, such as city-owned grocery stores, are likely to run into inefficiencies and unanticipated downsides. They write that capitalism can be a better engine of progress.

    Zohran Mamdani speaking to supporters on election night.
  • Are We Witnessing the Implosion of the World’s Richest Man?

    Elon Musk has less leverage in his battle with Donald Trump than he thinks, Yale SOM leadership expert Jeffrey Sonnenfeld and co-author Steven Tian write. But neither of the former allies can come away from this feud with a win.

    Elon Musk
  • Why JPMorgan Chase’s Jamie Dimon Could be the Right Candidate for President

    Yale SOM leadership expert Jeffrey Sonnenfeld and co-author Stephen Henriques write that the CEO’s two decades as a pragmatic, stabilizing force make him an attractive alternative.

    Jamie Dimon silhouetted in a doorway