The Detroit Bail-In Template: Fleecing Pensioners to Save the Banks Posted on August 5, 2013 by Ellen Brown The Detroit bankruptcy is looking suspiciously like the bail-in template originated by the G20’s Financial Stability Board in 2011, which exploded on the scene in Cyprus in 2013 and is now becoming the model globally. In Cyprus, …
Gag Me With Lawrence Summers
Gag Me With Lawrence Summers Robert Scheer – Huffington Post The idea that Barack Obama would still consider appointing Lawrence Summers to head the Federal Reserve rather than order an investigation into this former White House official’s Wall Street payments, reported Friday by the Wall Street Journal, mocks the president’s …
The Web of Debt Blog: Green Light for City-owned San Francisco Bank
We at Ethical Markets fully support publicly-owned city banks , and for full disclosure ,Hazel Henderson , our Editor serves on the Advisory Board of the Public Banking Institute , headed by Ellen H. Brown J.D. author of this column and many books including The Web of Debt and just …
PRICE DISCOVERY, MARKET COMPLETION AND OTHER FANTASIES OF ECONOMISTS
PRICE DISCOVERY, MARKET COMPLETION AND OTHER FANTASIES OF ECONOMISTS By Hazel Henderson © 2013, for IPS Syndication Service While debating a high frequency trader (HFT) recently, I encountered the familiar rationalizations that HFT contributes to liquidity and price discovery in markets. Assertions about liquidity are hard to justify after the …
Long Finance: How to Make Standards Markets Work for Financial Services (Regulation)?
Long Finance Newsletter July 2013 Welcome to the July edition of the Long Finance newsletter. Since our last edition in May, a lot has happened with Long Finance and its programmes including: The interim figures of the Global Financial Centres Index – GFCI 13.5– were released in July 2013 …
Today’s News: Looking Forward: Poverty In 2015
Thursday, July 25, 2013 Looking Forward: Poverty In 2015 G20 Finance Ministers And Central Bank Governors Communiqué Released OECD BEPS Report Confirms The International Tax System Is Failing Rich And Poor Nations The Importance Of Whistleblowers To Financial Transparency Egypt In Crisis: A Look At Corruption Figures For The …
Collateral Damage: QE3 and the Shadow Banking System
by Ellen Brown Rather than expanding the money supply, quantitative easing (QE) has actually caused it to shrink by sucking up the collateral needed by the shadow banking system to create credit. The “failure” of QE has prompted the Bank for International Settlements to urge the Fed to shirk …
Other News: Edward Snowden and Financial Speculation Taxes
Edward Snowden and Financial Speculation Taxes Dean Baker* – The Huffington Post In the last few weeks Edward Snowden has been holed in Moscow’s airport trying to negotiate terms of asylum with various countries around the world. Thus far it doesn’t seem that Snowden has been …
Integrated Reporting: Climate Disclosure Standards Board (CDSB) and the International Integrated Reporting Council (IIRC) today announce an alliance that will achieve greater momentum towards the evolution of better corporate reporting
CDP, CDSB and IIRC announce collaboration to accelerate Integrated Reporting FOR IMMEDIATE RELEASE (18 July 2013) – CDP, the Climate Disclosure Standards Board (CDSB) and the International Integrated Reporting Council (IIRC) today announce an alliance that will achieve greater momentum towards the evolution of better corporate reporting, in order to …