That is Peterson, he is a policeman.

We have had multiple reports of your Minister for Sports trying to enter accredited areas at venues with unaccredited individuals, Sarah Peterson, continental manager of the Rio 2016 Organizing Committee wrote in the note.

Fred Bergsten and Joseph Gagnon, my colleagues at the Peterson Institute, have proposed including a currency clause in any TPP deal. In essence, this would amount to the signatories agreeing not to manipulate their currencies.

Like most products of international negotiations, the agreement is not perfect but it does move the ball forward. (For the technical details, I recommend a recent paper by Edwin M. Truman, my colleague at the Peterson Institute for International Economics.)

In terms of providing an essential structure for discussion of this problem, Arvind Subramanian s new book, Eclipse Living in the Shadow of China s Economic Dominance, is a major contribution. (Full disclosure Subramanian and I are colleagues at the Peterson Institute for International Economics, and we have worked together on other issues.)

At present, the world holds a lot of US dollar assets, and greater diversification of portfolios in coming years would not be shocking. There is certainly much discussion of the renminbi s rising international role an issue on which Arvind Subramanian, my colleague at the Peterson Institute for International Economics, continues to do the most interesting work.

The best case for taking China seriously as a world power is made in Arvind Subramanian s best selling book Eclipse Living in the Shadow of China s Economic Dominance, published in 2011. (The author, now Chief Economic Adviser at India s finance ministry, and I were colleagues and sometimes co authors at the International Monetary Fund and the Peterson Institute for International Economics.)

Similarly, with government bond yields as low as they are in the US, the public has little sense of urgency about its fiscal problems, though some doomsayers, like Peter Peterson of the Blackstone Group, have been trying their best to awaken it. One hopes that the coming US presidential election will lead to a more enlightened public debate about tax and entitlement reform.

For example, Jagdish Bhagwati, the distinguished free trader, and Fred Bergsten, the director of the pro globalization Peterson Institute for International Economics, have both been on the frontlines arguing that critics vastly exaggerate globalization s ills and under appreciate its benefits. But their debates on the merits of regional trade agreements Bergsten for, Bhagwati against are as heated as each one s disagreements with the authors mentioned above.