Posted: 14 Feb 2010 01:00 PM PST This chart, from a Reuters’ analysis of pay at the 18 biggest banks by market value, illustrates the massive differences in pay among the CEOs of the world’s top banks. The compensation of the CEOs of the largest U.S. banks towers above what’s …
Jimmy Stewart Is Dead
Prof. Lawrence Kotlikoff of Boston University has some creative and viable new ideas for reforming our “too big to fail” banks and making our financial sector much safer. We will be reviewing his forthcoming book, JIMMY STEWART IS DEAD, from Wiley Publishers on its launch . Meanwhile our thanks to …
Financial Crisis as a Large System Change Challenge
Important study led by our Advisory Board member Dr. Steven Waddell, in which I also participated. Dr. Waddelll continues with this study, and we will report on his progress. ” – Hazel Henderson, Ed February 10, 2010 If you were given 10 million euros and three to five years, how …
The Baseline Scenario: Elizabeth Warren Calls Out Wall Street
Posted: 08 Feb 2010 07:39 PM PST Although the Consumer Financial Protection Agency made it through the House more or less intact, the banking lobby is taking another, better shot at killing it in the Senate, and is planning to use the magic words: “big government” and “bureaucracy.” Elizabeth Warren …
The Baseline Scenario: Is Tim Geithner Paying Attention To the Global Economy?
Posted: 06 Feb 2010 05:48 AM PST In an interview that will air Sunday on ABC, Treasury Secretary Tim Geithner says, “”We have much, much lower risk of [a double-dip recession] today than at any time over the last 12 months or so … We are in an economy that …
EU/IMF Revolt: Greece, Iceland, Latvia May Lead the Way
This article by lawyer Ellen Brown, author of Web of Debt, our esteemed Advisory Board member, predicted what’s happening in Europe with the so called PIIGS : Portugal, Italy, Ireland, Greece and Spain with their high debt-to-GDP ratios. Ellen is, so far as I know, the only analyst clearly stating …
AIG-GATE: THE WORLD’S GREATEST INSURANCE HEIST
Ellen Brown February 5, 2010 www.webofdebt.com/articles Rumor has it that Timothy Geithner is on his way out as Treasury Secretary, due to his involvement in the AIG scandal that is now unraveling in hearings before the House Oversight and Reform Committee. Bob Chapman writes in The International Forecaster: Each day …
Citizens United
Robert A. G. Monks is one of the world’s pre-eminent experts on corporate governance. We are also proud that Bob is a member of Ethical Markets Media’s Advisory Board. – Hazel Henderson, – Ed. There has been a lot of very interesting press on the Citizens United decision recently. It’s …
ITUC OnLine – G7 Finance Meeting Must Resist Bankers’ Backlash
INTERNATIONAL TRADE UNION CONFEDERATION Brussels, 4 February 2010 (ITUC OnLine): The meeting of G7 Finance Ministers in Iqaluit, Canada, this week needs to press ahead on financial regulation and restructuring of banks, as powerful global financial interests step up their fight against reform. While the meeting is not expected to …
The Baseline Scenario
Final Thoughts on Volckerfest 2010 Posted: 31 Jan 2010 06:36 AM PST The coming months will tell if the Volcker Rule and the prohibition on banks getting even larger will turn out to be substance or mere spin. I’m finally getting around to reading the transcript of the pre-announcement media …