Steven Strauss
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Steven Strauss is an Advanced Leadership Fellow at Harvard University. Immediately prior to Harvard, Strauss was a Managing Director at the New York City Economic Development Corporation (NYCEDC) where he spearheaded the creation of the Center for Economic Transformation at NYCEDC and a number of its high impact initiatives including: Applied Sciences NYC (Mayor Bloomberg’s project to build a new engineering campus in NYC), the 160 Varick Street Incubator (in partnership with Trinity Realty and NYU-Poly), the NYC NextIdea Business Plan Competition, NYC BigApps, Hive@55, NYC Media Lab, and the NYC Entrepreneurial Fund. Steven was one of the authors of the NYCEDC Innovation Index announced by Mayor Bloomberg in April 2011. Steven was elected as a member of the Silicon Alley 100 in 2010-2011 (http://www.businessinsider.com/sa100-2010#steve-strauss-58).

Prior to joining NYCEDC, Steven was a Director and Senior Advisor at the World Economic Forum in the Financial Institutions group and managed the Forum’s relationships with a portfolio of financial service CEOs. Steven was responsible for the Forum’s inaugural Financial Development Index, a comprehensive look at global financial systems, and co-authored the Forum’s report on the Convergence of Insurance with Capital Markets.

Before that, Steven spent five years with the London office of McKinsey & Company serving clients in the Private and Public Sector, including the Economic Development Board of a Middle Eastern country, the Bank Insurance Fund of a major OECD country, the National Health Service and the primary health care regulator of a major European country, and a major Sovereign Wealth Fund. He also worked in the Private Sector on a variety of strategy and risk management issues. Steven’s prior work experience includes sales and trading at a number of financial service firms as well.

Steven holds a B.A. from New York University and a Ph.D. in Management from Yale University.

Blog Entries by Steven Strauss

America: Slouching Towards Third World Status

(124) Comments | Posted May 20, 2012 | 6:24 PM

Will Truthiness Destroy America?


"The best lack all conviction, while the worst
Are full of passionate intensity" -- "The Second Coming", William Butler Yeats

Yeats' lines aptly describe our current age of political mediocrity. As we consider our politicians, we can hardly say...

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Big Business Should Stop Ignoring Washington?

(21) Comments | Posted May 9, 2012 | 7:37 PM

Shown below is an open letter to the authors of a recent Fortune article: "Big Business should stop ignoring Washington." I would welcome your thoughts:

• Do you feel Big Business leaders are ignoring Washington?
• Do you feel Big Business knows best?
• Any thoughts...

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Regime Change in Syria: We Should Learn the Lessons of Iraq

(30) Comments | Posted May 2, 2012 | 9:25 PM

"Those who cannot remember the past are condemned to repeat it" -- George Santayana

Recently, U.S. Senators McCain (R-AZ), Lieberman (I-CT) and Graham (R-SC), together with various pundits, criticized President Obama's commitment to exhausting all diplomatic and political options in Syria before considering military options (for...

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Can the Arab Spring Bring Peace to the Middle East?

(59) Comments | Posted April 15, 2012 | 7:05 PM

The Arab Spring presents a unique opportunity to envision a better Middle East, joining the global community with dignity and prosperity. If the people of the Middle East embrace this vision, America should provide significant support in achieving it, because a successful Middle East is our best defense against terrorism...

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Was George W. Bush a Pro-Shiite Supporter of Iran?

(244) Comments | Posted March 11, 2012 | 11:41 PM

Was George W. Bush a pro-Shi'ite supporter of Iran? No, and Barack H. Obama isn't Pro-Islamic either.

"There's something sick about an administration which is so pro-Islamic that it can't even tell the truth about the people who are trying to kill us." --
Newt Gingrich...

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Chelsea Clinton for Congress? What Does That Tell Us About America?

(206) Comments | Posted February 26, 2012 | 7:02 PM

"For everyone to whom much is given, of him shall much be required." -- Luke 12:48.

Recently, the New York Times (NYT) praised Chelsea Clinton's current successes and commitment to public service. Ms. Clinton is the daughter of current U.S. Secretary of State Hillary Rodham Clinton and former...

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Even When the Subject Is Gun Control, Our Government Wins When Justice Is Done

(292) Comments | Posted February 12, 2012 | 2:03 PM

The quality of mercy is not strain'd... It blesseth him that gives and him that takes. Shakespeare, The Merchant Of Venice

My brother committed suicide with a gun. When New York City's murder rate was 4 times its current level -- guns were often involved, and they're still...

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A Disturbing Glimpse of GOP's Low Tax/Limited Regulation Utopia

(174) Comments | Posted February 1, 2012 | 9:06 AM

Recently, the US Chamber of Commerce (Chamber) ranked Tennessee No. 1 among our 50 states for its low taxes and limited regulatory environment, and recommended Tennessee as a role model for the nation.

The Chamber, Tea Party, GOP, Grover Norquist, Mitt Romney and Newt Gingrich tell us...

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It's Time to Take the Anti-Norquist Pledge

(94) Comments | Posted January 22, 2012 | 5:57 PM

Like all Americans, I yearn for a simplified tax code, and I stand second to no citizen in my passion for tax reform. My wife and I between us possess the following graduate degrees: Ph.D., M.Phil., two M.A.s and a J.D. from reputable institutions -- so grant that we are...

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The 1% Control Our Congress -- What Will We Do About It?

(13) Comments | Posted January 12, 2012 | 1:21 PM

A friend lost his job just before Christmas. He's almost 50, has two children, no college degree, and worked 20 years for a company that 'de-hired' him by phone while on vacation. He faces a long struggle to find a new job -- and in today's economy, he's not alone....

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Entrepreneurs: If Your Idea Is Mocked and Misunderstood by Most Everyone, Maybe It's Just a Bad Idea

(2) Comments | Posted January 2, 2012 | 1:37 PM

I've worked with many entrepreneurs and VCs, and we've often discussed, "How can we predict which companies and services are going to be the biggest successes?" Some believe that, to be a great success, a company's value proposition must be misunderstood by the general public. For example, Fred Wilson (Managing...

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Government Action Is Key to Driving Innovation, Entrepreneurship and Economic Growth

(6) Comments | Posted December 20, 2011 | 8:24 AM

A general theme of the Republican presidential debates is that government is a waster of resources, net destroyer of jobs, and stifler of innovation. Interestingly, these same candidates praise the private sector's innovation and creativity (e.g., Apple, Facebook, Google, etc.).

The GOP ignores that most of our excellence in...

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Actually, Corporations That Lobby and Make Campaign Contributions Get Special Benefits

(99) Comments | Posted December 12, 2011 | 8:37 PM

Recent reports reveal that: GOP Presidential candidate Newt Gingrich received nearly $2 million for activities (not technically within the definition for lobbying) resembling lobbying, and former GOP Congressman Tauzin -- the country's highest paid lobbyist -- received $11.6 million.

With rare bi-partisan consensus, all members of Congress assure their constituents...

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Actually, Despite GOP Claims -- the U.S. Isn't Over-regulated

(141) Comments | Posted November 29, 2011 | 1:20 PM

The GOP presidential candidates believe, as an article of faith, that the United States is an overly-regulated society. They want to eliminate "unnecessary" regulations and even entire regulatory agencies to, in their view, unleash the growth potential of American business. Governor Perry wants to eliminate 3 federal regulatory agencies...

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Political Engagement, the 2008 Financial Crisis and the Disillusionment of the American Public

(2) Comments | Posted November 14, 2011 | 8:05 AM

During the 2008 election cycle, financial services (Finance, Insurance and Real Estate, aka FIRE) spent nearly $1 billion engaging with our political leadership: $500 million (personal and PAC) on campaign contributions and $456 million on lobbying. (All lobbying and campaign data are from www.opensecrets.org). FIRE's commitment to constructive...

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Let's Stop Forcing Real Wealth Creators to Leave the U.S.!

(29) Comments | Posted November 9, 2011 | 1:04 PM

No, I don't mean the so-called 1% -- for various reasons, they aren't leaving. I mean the immigrant entrepreneurs and foreign students at our best universities.

'The great competitive advantage of India is that it draws on the entrepreneurial and creative energy of 1.2 billion people. The great strength...
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The Connection Between Education, Income Inequality, and Unemployment

(86) Comments | Posted November 2, 2011 | 11:50 AM

High and rising income inequality in the United States has recently been widely commented upon. What has not been as widely discussed is the role educational attainment has played in these disparities. Indeed, America is in some ways two different countries economically, segregated by educational achievement.

Table 1 below shows...

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Actually Tax Cuts Don't Seem to Have Much Impact on Economic Growth...

(462) Comments | Posted October 25, 2011 | 4:56 PM

It has been something of an article of faith among conservatives that the solution to America's problems is in smaller government and lower tax rates. The argument on taxes goes something like: 'We need to unleash the wealth creators, who stimulated by the prospect of more income (due to lower...

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