‘Reforming Global Finance’
News, opinion, proposals for reforming finance at global and national levels. Tracks new laws to curb speculative finance, transaction taxes and how financiers caused the collapse of 2008-9. News on monetary-systems reform of the Federal Reserve, IMF, World Bank, BIS and central banks.
Banking Under the Dodd-Frank Act Posted: 22 Jul 2010 03:33 AM PDT By Simon Johnson President Obama’s signing of the financial reform bill yesterday does not end our intense debates over banking – rather it just moves them to a new sphere. Instead of arguing about legislation, the next arena is the action (and perhaps inaction) of [...]
The Trouble with Tim's Treasury Crossposted from New Deal 2.0 By Marshall Auerback, Senior Fellow at the Roosevelt Institute, and a market analyst and commentator. FinReg may fall short if power is channeled into Geithner’s hands. More depressing news from the “change” President. The Washington Post has reported that one of the [...]
The Summer(s) of Our Discontent Crossposted from New Deal 2.0 Another volley from Marshall Auerback, Senior Fellow at the Roosevelt Institute, and a market analyst and commentator. Larry Summers’s misguided approach to deficits and surpluses could strangle our long-term vitality. Virtually every profile on Larry Summers tells us that [...]
July 21st, 2010 RI News Alert: Theme of the Month The rising wave of investor/corporate engagement in Japan Click here to read the newsletter.
Thanks to Simon Johnson for focusing on this. - Editor http://baselinescenario.com/2010/07/09/the-kanjorski-surprise-%e2%80%93-now-it-gets-interesting/
The Rationale for State-Owned Banks http://www.readersupportednews.org/opinion/41-41/2398-the-rationale-for-state-owned-banks
Good News for Reducing Budget Deficits Globally! - Hazel Henderson, Ed. "Other News" is a personal initiative seeking to provide information that should be in the media but is not, because of commercial criteria. It welcomes contributions from everybody. Work areas include information on global issues, north-south relations, governance of [...]
By Hazel Henderson, June 2010 Today, over 60% of all trading on Wall Street exchanges is done by computers - all programmed to compete to get the fastest execution of their trades at the best price. Each trade generates a commission so the most trades make the most money. The latest "innovation" is "high-frequency" or "flash" trading, where [...]
The Baseline Scenario What Is Goldman Sachs Thinking? Posted: 29 Jun 2010 03:16 AM PDT By Simon Johnson The next financial boom seems likely to be centered on lending to emerging markets. Sam Finkelstein, head of emerging markets debt at Goldman Sachs Asset Management, summed up the prevailing market view – and no doubt talked up his [...]