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David Paul
David Paul (Yale BA 1977; Wharton MBA 1982; Penn Ed.D. 2004) is the President of the Fiscal Strategies Group, a financial advisory firm specializing in municipal and project finance. Previously he was a Managing Director of Public Financial Management, Inc., Vice Provost of Drexel University, and the co-founder of, an e-learning company.

David Paul has worked for twenty-five years as a financial advisor to state and local governments on infrastructure and project financing, was well as on addressing issues of fiscal distress, and in international project finance as a member of the Hong Kong Shanghai Bank Group. His clients have included state governments such as New Mexico, Virginia, New Jersey and Florida, clients in the US Virgin Islands, higher educational clients across the country, and unique project finance clients such as Spaceport America. He works regularly with legislative bodies with respect to budget and financial matters, and has worked on several political campaigns.

David Paul is a member of the Board Trustees of Cumberland University, and has served on the boards of several educational organizations. He is the author of When the Pot Boils: The decline and turnaround of Drexel University (SUNY Press, 2008), as well as of the screenplay Breakpoint (1997). He has published online commentaries for several years at

Entries by David Paul

Charles Koch Wonders Why People Don't Appreciate Him. Really.

(198) Comments | Posted April 16, 2014 | 9:09 AM

Two weeks ago, Charles Koch returned to the pages of the Wall Street Journal to defend himself. One has to wonder if the Journal was the best choice. After all, readers of the Wall Street Journal are probably not the one's attacking him. They are the choir, so...

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High-Frequency Trading Marks High Water of Financial Corruption

(1) Comments | Posted April 12, 2014 | 7:36 PM

When a person or firm makes too much money for too long, it turns heads. And so it was with Steven A. Cohen. Year after year, Cohen's firm, SAC Capital, beat the Street. Big bets, the theory went. Others were not so sure. Big bets generally cut both...

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Where the Tea Party and Occupy Movements See Corruption, John Roberts Sees Gratitude

(4) Comments | Posted April 7, 2014 | 1:12 PM

As Francis Ford Coppola told the story, casino investor Hyman Roth was celebrating his birthday in Havana with his partners in crime when he regaled a skeptical Michael Corleone with his vision of the future that was at hand. "Here we are, protected, free to make our profits without Kefauver,...

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Russia-Georgia War in 2008 Told the West -- and Putin -- What Was Coming

(5) Comments | Posted March 3, 2014 | 12:40 PM

Why, exactly, are we surprised? Up until Russian President Vladimir Putin seized the Crimean peninsula, a large swath of the commentariat seemed to think that such an action in this day and age was unthinkable. Then, when President Obama warned Putin against military intervention, it seemed all but...

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From the Pinnacle of Power, Putin Stands Before the Abyss

(1) Comments | Posted February 24, 2014 | 11:12 AM

Vladimir Putin and I share a special bond. We both grew up believing that the Ukraine was part of Russia. My father's family was Russian, or so the story went. One parent was from the city of Uman, south of Kiev, and the other from the long-disappeared town of Ivangorod.

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Whining About Google Bus Protests Get Us Nowhere

(3) Comments | Posted February 9, 2014 | 10:56 AM

Tom Perkins, co-founder of the iconic venture capital firm Kleiner Perkins Caufield & Byers, caused a stir recently with his Wall Street Journal letter, "Progressive Kristallnacht Coming?" Perkins fears that recent protests over Google buses in San Francisco and growing resentments around income inequality could ultimately...

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China Reforms Do Nothing To Show It Ready For World Leadership

(118) Comments | Posted November 16, 2013 | 5:48 PM

As trumpeted across the media, the four day meeting of the Third Plenum of the 18th Central Committee of the Communist Party has ended, and China's leaders announced that among the decisions were an "easing of" its one-child family policy and the abolition of its "re-education through labor"...

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The NSA Problem Is Our Collective Problem, and It Is Time We Owned Up to It

(4) Comments | Posted November 8, 2013 | 3:04 PM

Twenty years ago, an article entitled Secrecy and Intelligence in a Free Society was written by the Center for the Study of Intelligence that explored the challenges of intelligence and secrecy within a free society. The summation of the CIA document could have been penned this...

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Decline of Saudi Arabian Power Evident in Rejection of UN Seat

(15) Comments | Posted October 24, 2013 | 3:40 PM

There is something oddly satisfying about seeing the Al Sa'ud monarchy of Saudi Arabia throwing an international hissy fit. This story began last week when the Saudi government announced that it was rejecting the seat on the United Nations Security Council. In rejecting the seat -- which it...

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Civil War Dating Back to Joe McCarthy Threatens GOP Hold on Texas

(7) Comments | Posted October 21, 2013 | 7:31 PM

A week after the government reopened, the focus of attention has turned to the war for control over the direction of the Republican Party. Earlier this year, Sarah Palin voiced her grievances with the subordination of true Republican principles by establishment Republicans and, flashing her inimitable disdain toward...

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Whether House Republicans Fold or Not, Ted Cruz Looks to Be the Great Loser

(22) Comments | Posted October 15, 2013 | 5:14 PM

At the end of 2012, after he had been safely ensconced in the White House for another four years, President Obama had a chance to put all of the budget wrangling to bed, for good. The Bush-era tax cuts -- passed as the Republican solution to the accumulating surpluses beginning...

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Are BART Unions Prepared for Public Disdain Now Targeted at the Tea Party?

(3) Comments | Posted October 13, 2013 | 4:48 PM

They despise each other, call each other terrorists and gangsters. They cannot imagine ways in which they are similar. They occupy opposite ends of the political spectrum. They each believe that they stand for essential higher values that much of the public chooses to ignore at their peril. They believe...

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It Is Time to Rename Republican Radicals the 'Taker Caucus'

(214) Comments | Posted October 11, 2013 | 9:31 PM

As a child of a family therapist, I have been trained from my formative years to look at events through the lens of family history. My grandparents included a Goldwater Republican from Chicago, a Nixon Republican from Montgomery, Alabama, and two Humphrey Democrats from Kiev. Thus, I am the picture...

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Against the Wishes of Most Americans, Democrats and Republicans May Give Obama His War

(56) Comments | Posted September 7, 2013 | 4:28 PM

This is how Vali Nasr, an Iranian-born Shi'a and dean of the Johns Hopkins School of Advanced International Studies makes the case for American action in Syria:

"It is in America's strategic interest... to take decisive action to mortally wound the Assad regime. Ensuring that Syria does not...

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Congress Can No Longer Take Wall Street Money and Ignore the Damage It Does

(31) Comments | Posted August 26, 2013 | 2:35 AM

Wall Street's hold over the nation's politics ultimately lies in the power of its narrative. As MIT economist Simon Johnson wrote in the wake of the 2008 financial collapse, the power amassed by the finance industry over the past quarter century is not simply a function of the...

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Perhaps Egypt Would Benefit From a Period of Benign Neglect

(24) Comments | Posted August 17, 2013 | 7:28 PM

If a revolution is not on Twitter, did it really happen?

For sixty years, the military has been the dominant political force in Egyptian politics. The three presidents since 1956, Gamel Abdel Nasser, Anwar Sadat and Hosni Mubarak, each assumed the presidency after leadership positions in the Egyptian Army and...

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Rebuking Vladimir Putin in Public Will Not Solve Obama's Problems

(263) Comments | Posted August 11, 2013 | 11:15 AM

It was two years ago this month that President Barack Obama pronounced that Syrian President Bashir Assad must step down. "Lead," the president said, "or get out of the way." Needless to say, President Assad chose not to heed the words of the American president.

A friend of mine, a...

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President Obama Should Nominate Larry Summers Just for the Spectacle of It All

(3) Comments | Posted August 6, 2013 | 2:53 AM

I would like President Obama to nominate Larry Summers to be the new head of the Federal Reserve Bank.

I do not know anything about Janet Yellen. And truth be told, I really do not know who would be the best candidate for the job.

I can already...

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Graduation Rates Are Not the Only Measure of Educational Success

(13) Comments | Posted May 26, 2013 | 10:58 AM

I never tire of the ceremony of a college graduation. This past week, attending my daughter's graduation from Johns Hopkins University, I watched a thousand young men and women begin the next step of their life journeys. A thousand students, from literally every corner of the globe, walked across the...

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Beware the Global Consequences of Further Declines in the American Middle Class

(281) Comments | Posted May 11, 2013 | 11:59 AM

Apple Computer issued bonds last week. Issuing $17 billion of bonds to buy back stock and pay dividends might seem odd for a company that is sitting on an estimated $145 billion of cash, but much of this money was earned overseas and Apple, like many other transnational...

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