John Dizard, who perhaps by virtue of being one of the Financial Times’ most original and insightful columnists, is relegated to its weekend “Wealth” section, has written a particularly important pair of articles. Note that Dizard’s ambit is not policy wonkery but apt and often cynical observations about behavior and trading patterns in less visible […]
Read more...One of the fallacies of proposals to limit gentrification is the idea that promoting more development in cities leads to more affordable housing. Stratified markets mean this is not a simply “supply and demand” problem.
Read more...German financialization and input on the eurozone’s financial architecture promoted deficits, increased systemic risk, and facilitated the onset of Europe’s subsequent crises.
Read more...An excerpt from CEPR co-director Mark Weisbrot’s important new book, Failed.
Read more...Funny how foreign firms have failed to break into Japan for reasons having nothing to do with regulatory barriers, which calls the logic of “trade” deals like the TPP into question.
Read more...CalPERS’ CEO and its staff are engaged in systematic, flagrant, and apparently long-standing violations of California’s open meeting law, the Bagley-Keene Act.
Read more...Robert Jenkins, a former banker, hedge fund manager, and regulator, points out that regulatory reform has fallen short on multiple fronts, and perhaps the most important is courage.
Read more...GXG Markets is gone but the dirty dealings continue
Read more...Over the past several months, I’ve come to the conclusion that so many problems in our politics and our economy results from our tolerance of monopoly capitalism. I did a super-long story for The American Prospect laying this out, and how we need a revival of antitrust policy at the grassroots level. Here’s a depressing case study that suggests maybe we should just relieve one of the antitrust enforcement agencies, the Federal Trade Commission, of its duties.
Read more...A look at Iceland’s financial crisis, why it happened and what can be done to mitigate the potential for similar chaos in the future.
Read more...Hillary Clinton, is taking some heat for oddly deciding to relate her campaign donations from Wall Street to aiding Lower Manhattan after 9/11. This seems to be what the Gang of 500 has decided on as a gaffe, and it definitely has that odor. But I actually think Clinton said something even more egregious and revealing Saturday night. The problem is that the commentariat has deemed it some brilliant insight.
Read more...Miami Beach as a canary in the coal mine for global warming.
Read more...How the TPP would make financial firms that are “TIBACO” – that is, too interconnected, big, and complex to oversee – even more dangerous.
Read more...Financial regulators increasingly acknowledge organizational culture as a source of systemic risk, yet they have been loath to do more than influence compensation structures, since they do not want to be perceived to be interfering with management. This post describes a new approach in the Netherlands that
Read more...Blackstone sees fit to tell flagrant legal lies even when the stakes are pathetically small.
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