There have been two huge economic developments in the past few weeks that are still under the radar. By under the radar, one means that it is possible to Digg or Stumble posts about the stories and still be “the first discoverer”. Second, though some aspects of the stories are covered – there has not […]
2 Huge Economic Developments under the Radar Read More »
The BP disaster in the Gulf of Mexico is acting like a proof of concept on economic and financial regulation. BP has had the run of the mill on oil drilling with a cosy and inhouse relationship with its regulator for drilling the MMS-Mineral Management Services. Something that Wall Street has been attempting to establish
Dow Jones Marketwatch:Financial Reforms Maybe Too Weak Read More »
China is trying to portray itself as being a reliable economic and political player on a world scale – that the US and the G20 don’t have to act as the World’s economic engine or political fair players/referees. And the Chinese can point to strong verbal support for Euro Bonds as a sign of financial
China as a World Reliable State Read More »
This is the weekend when the Financial Reforms, just passed by the Senate, but now subject to reconciliation of the House and Senate versions, gets analyzed in the major business and news media. And its open hunting season among the Financial lobbyists. Read this story about the lobbying forces and money being marshaled for the
Arrayed Against Financial Reform Read More »
The NYTimes in its global edition is reporting much more on Chinese affairs – and why not ? Chinese manufacturing companies are major suppliers across more industries such as electronics, many consumer household goods, and now basic chemicals or finished metals. Of course there is the not small matter of $2trillion in US debt held
If there is any doubt about the the challenging and thankless task of Economic and Financial Regulation just take a gander at the recent ruling by the FTC to approve Google’s acquisition of AdMob. The NYTimes catches much of the flavor of the decision in its reporting here. The basic problems in regulation are threefold.
Behind Why Google Gets AdMob Read More »
There is strong evidence that what has been suspected is true – the Big Banking Game is Fixed. And you thought the top US Banks had to fight to survive in one of the toughest and most coldly efficient banking markets. But diverse financial media players like China Post, Bloomberg, Iranian Financial Times, NYTimes, and
Is the Wall Street Banking Game Fixed ? Read More »
When Bloomberg bought Business Week, this reader had some doubts – why did Bloomberg want to get on the Sinking Titanic- Printed Media? Readership continues to drift downward for all print media not just newspapers, although they are leading the death spiral. So why join the dance of depth? Well upon reflection there are three
The New Bloomberg Businessweek Read More »
The NewYork Times in an editorial today has published its bottom-line financial reforms. This past week Takethe5th also listed the financial reforms and prosecutions that had to be implemented to dispel the notion that Congress had been bought out by Wall Street. After all, Financial Industry lobbying and campaign contributions have exceeded $110 million for
Financial Reforms List: Comparison NYTimes vs Takethe5th Read More »
The pillory or public whipping post went out of fashion in England and Europe by the 1830’s but non-public whippings, usually in prisons, occurred until the 1960’s in various jurisdictions including the US[see wikipedia for back-ground reference here]. However, the US has not abandoned Verbal Whippings in Congress. Congress has used its Congressional Hearings mechanisms
The Public Whippings of Goldman Sachs Read More »
