As the U.S. Senate’s permanent committee on Investigations begins an examination of the role of Traders, speculators and Hedge Fund managers in world energy markets, economists and policymakers make a compelling case that price behavior in global energy markets violate basic priciples of economic supply & demand.
For too long, the rules of Wall Street have been written by the bankers themselves. This year, that has to change. Americans for Financial Reform is a coalition of nearly 200 national, state and local consumer, employee, investor, community and civil rights organizations that have come together to spearhead a campaign, in the public interest, for real reform in our banking and financial system.
China’s oil giant, Sinopec announced plans for a $7 Bn takeover of Addax petroleum, an international oil firm of Canadian origin. The merger muscles China into the Iraqi oil game, directly competing with U.S. interests.
It happens all too often. Having established clear patterns over the years — the Black police officer turns out always to be the victim of “friendly fire” — such incidents can no longer be dismessed away as “tragic” incidents. It must stop, now. The latest victim was heroic NYC police officer Omar J. Edwards of Brooklyn, NY, shot and killed by a fellow white NYC police officer Andrew Dunton, in a case where Officer Edwards, dressed in plain clothes, was mistaken as a criminal when he was actually in the act of preventing a crime.
As President Barack Obama announces his ‘New Financial Foundation’ package of banking and financial industry reform, skepticism about the plan; and whether the administration is squandering political capital on a missed opportunity for BOLD changes is coming from every quarter.
The first Economic Summit meeting of the so-called BRIC group of Emerging Market nations — Brazil, Russia, India and China — and it is intended to underscore the rising economic, political and military might of these four major developing countries and their rising chorus demanding a greater voice in global matters.
Nobel winning Columbia University economist, and former World Bank president Joseph E. Stiglitz examines how Wall Street’s culture of ‘cowboy capitalism’ and its risk-taking propensities have ruined the American brand of capitalism. He is featured in the July 2009 issue of Vanity Fair magazine.
The Obama administration is set to release its propsed new regulatory scheme for the U.S. financial system coming off the heels of the changes agreed upon by world leaders at the London G-20 Summit in April.
Discussion of U.S. Treasury Secretary Tim Geithner’s trip to China this week, and the Economy Foreign Policy interests of both nations are dependent upon each other as China seeks to create a greater role for its currency, the Yuan (renmienbi) at the expense of the U.S. greenback.
Moral Hazard, the idea that companies will engage in highly risky behavior that jeopardizes the system that they otherwise would, when they are aware that “too big to fail” assurances of government bailout shifts the burden to taxpayers. Because of this dilemma, companies ought to be allowed to fail as a necessary trauma of capitalim.
Here’s an interesting development that I missed earlier this month, but remains very relevant: It appears the Gulf Cooperation Council (GCC), a regional group of middle-eastern Arab states have agreed tentatively to create a central monetary council that will evolve into a new Gulf Central Bank representing middle-east Arab states. Not surprisingly, the largest member […]
…Drove my Chevy to the levy but the levy was dry.” Those words ring with such prophetic irony now – that is if the levy had been retaining a history of American automobile prowess. Or that’s at least what one might feel after reading Kendra Marr’s 18 May Washington Post article titled, “As […]
Interesting article by noted economic historian Niall Ferguson from the New York Times magazine, Sun 17 May 2009.
Elizabeth Warren of the Congressional Oversight Panel (COP) and Arianna Huffington, Founder of HuffPo share uncanny, common sense clarity and insight on financial markets crisis. They get it.
