New banking and financial industry regulations in the US and the Basle III rules for banks globally—might fail on key issues. The newly enacted US Dodd-Frank Wall Street Reform and Consumer Protection Act, despite its noble purpose to prevent further financial chaos, is unlikely to do that. And the Basle …
The Blue Economy – Report to the Club of Rome 100 innovations – presented weekly over 2 years
Dear Reader, We take the occasion of the National Holiday in Bhutan to announce a big moment for this country regarding “blue” development. The government of this small Himalayan state has decided to turn the country into a benchmark for social and economic development. A detailed draft about the implementation …
Who Wanted What?
Posted: 10 Dec 2010 03:24 PM PST By James Kwak (to see graphics, links and comments) Look, I’m familiar with the argument for the tax cut deal. It’s not a terrible argument. In simple form, it goes, the top priorities are to stimulate the economy and to cushion the impact …
Impact investing could reach $1 trillion in 10 years: JP Morgan report
We doubt whether JP Morgan and “Impact Investing” can really save the World . What kinds of impact are we talking about since all investing creates impacts…both good and bad ?? Hazel Henderson, Editor RI News Alert: › Impact investing could reach $1 trillion in 10 years: JP Morgan report …
What Jamie Dimon Won’t Tell You: His Big Bank Would Be Dangerously Leveraged
By Anat Admati, Professor of Finance and Economics at Stanford Graduate School of Business. To see her explain these issues in person, watch this Bloomberg interview. The debate is raging about banks and their size, financial regulation, and the international capital standards known as “Basel”. Jamie Dimon of JP Morgan, …
Jamie Dimon: Becoming Too Big To Save – Creating Fiscal Disaster
By Simon Johnson In Sunday’s New York Times magazine, Roger Lowenstein profiles Jamie Dimon, head of JP Morgan Chase. The piece, titled “Jamie Dimon: America’s Least-Hated Banker,” is generally sympathetic, but in every significant detail it confirms that Mr. Dimon is now – without question – our most dangerous banker. …
Dodd-Frank say-on-pay unlikely to have impact – CalPERS governance chief
RI News Alert: › Dodd-Frank say-on-pay unlikely to have impact – CalPERS governance chief › Al Gore’s Generation to audit engagement and voting Click here to read newsletter.
Press release from Dean Baker on the National Commission on Fiscal Responsibility and Reform
Simpson-Bowles’ Violation of Charter is Characteristic of Their Approach Washington, D.C.- CEPR co-director Dean Baker released the following statement yesterday regarding the national Commission on Fiscal Responsibility and Reform… Click here to read more.
Financial Economists, Financial Interests and Dark Corners of the Meltdown: It’s Time to set Ethical Standards for the Economics Profession
Academic economists often occupy roles not only in academia itself, but also in both the general media and in politics. Often they are looked to as experts in their fields. They write op-eds for newspapers, they testify on public panels, they take positions as advisors for politicians and they are …
Protect Consumers — The Fight Continues
Dear Hazel, Earlier this month, we issued a call to action asking people to submit comments in support of a strong Volcker rule against risky proprietary trading by the big banks. And with help from partners like US PIRG and Public Citizen, more than 6,000 people took action. Together we …