Former NYS Governor Eliot Spitzer takes the President and his economic team to task for their light and soft approach to financial industry reform, and their failure to hold large financial corporations accountable for their continued practices that place the nation’s economy in more peril.
Bank lobby and ‘Big Business’ influence-peddling in Washington is at crisis levels that threatens the U.S. Congress’s constitutional duties to protect the ‘public welfare’ all enemies – foreign AND domestic.
Examines the comparative political economy of the Obama Healthcare reform debate by exploring the national opportunity cost functions of healthcare reform vs. military spending and how to pay for it. Article suggests a re-allocation of the nation’s muscular sacred cow — military spending as a means to pay for a national universal healthcare system.
A ‘Must See’ political documentary by Michael Moore that provides a clear-eyed view of American-style capitalism in the larger context of the global financial crisis. He clearly unravels the mystery of all the moving parts and tells a . He does a brilliant job of defining previaling sentiment — the zeitgeist, the angst of the present public mood.
The International Monetary Fund on Thursday forecast that the world economy would expand 3.1 percent next year, after a year in which much of the world struggled through a recession.
The president of the World Bank said that America’s days as an unchallenged economic superpower might be numbered and that the dollar was likely to lose its favored position as the euro and the Chinese renminbi assume bigger roles.
Mohamed El-Erian, the highly respected chief portfolio manager for the Harvard Endowment, and currently chief investment officer for the global investment manager, PIMCO notes that the momentum for meaningful financial reform is stalling in spite of clear evidence that financial activities have far outpaced the regulatory infrastructure. And some banks are returning to the bad habits that almost destroyed them.
In yet another example of its increasingly competitive global strategy, China is shopping aggressively for commodity resources in the Dark Continent. Africa has been a primary beneficiaries of China’s FDI dollars between 2000-08.
The powerful Financial industry lobby and Wall Street and community bankers argue that the proposed agency will restrict financial innovation and otherwise inhibit economic growth. Despite such mendacity, Alan Greenspan, the highly respected economist and former Fed Chair endorsed President Obama’s far-reaching proposed Consumer Financial Protection Agency (CFPA).
As European & Canadian companies retreat from NYSE listings, Emerging Market companies change complexion of U.S. stock markets, and thereby drive performance of U.S. market performance.
A synopsis of U.S. Economic Foreign Policy issues on the agenda as global leaders gather for the 64th U.N. General Assembly; and kudos to Foreign Policy & the Global Economy from the NYT’s ‘The Caucus’ blog.
The bank and financial lobby’s top legislative priority is to kill an Obama administration proposed new consumer protection agency with generous help from Congressional Republicans that would be dedicated solely to protecting consumers’ financial interests from unfair and unethical business practices.
An nation-by-nation interactive Pittsburgh G-20 Survival Guide brought to you by Global Post (www.globalpost.com) covering all the issues likely to be covered, who is leading each nation’s delegation, and other pertinent G-20 “insider” information.
Will technology and financial engineering of complex products require the global coordination of a financial regulatory regime. More global finance and economic policy-makers think so.
The Federal Reserve and the Treasury are preparing broad new rules that would force the financial industry to rein in excessive compensation schemes and commission practices that disproportionate made gazzillionaires at the expense of investors and taxpayers out of many financial executives – many just out of college – during the global financial meltdown.