Ozan Örmeci Makaleler (Ozan Örmeci Articles) The theory of social costs: Why markets cannot discipline financial institutions. In-depth analysis on Credit Writedowns Pro.
You are here: Financial Institutions » The theory of social costs: Why markets cannot discipline financial institutions By L. Randall Wray I recently came across a video of one of my talks on the Global Financial Crisis, or, Global Economic Crisis, that provides a clear antitdote to orthodox thinking. You can view it here: “The Financial Crisis Viewed from the Perspective of the Social Cost Theory”, Social Cost Workshop, Wright State University, Ohio, April 27, 2012; video here here (begins approximately at the 23 minute mark) : Here is a summary of the argument, and a link to a relevant paper is at the bottom. Mainstream economists have developed theories in which financial markets are “efficient,” pricing financial assets according to fundamental values. This led to Chairman Greenspan’s famous excuse for not intervening into the serial bubbles that preceded the global financial crisis that began in 2007.
Paper: Actually, The Newest Version Of NDAA Makes It EASIER To Detain Citizens Indefinitely. By Michael KelleyAt first glance it looked like the 2013 version National Defense Authorization Act (NDAA) did more to protect Americans against indefinite detention.
We and several other news organizations reported as much yesterday. But on closer examination the new NDAA actually makes it EASIER to detain citizens indefinitely. Here's the added clause in question: “Nothing in the AUMF or the 2012 NDAA shall be construed to deny the availability of the writ of habeas corpus or to deny any Constitutional rights in a court ordained or established by or under Article III of the Constitution for any person who is lawfully in the United States when detained pursuant to the AUMF and who is otherwise entitled to the availability of such writ or such rights.” Yesterday we focused on the line "nothing ... shall be construed to deny ... any constitutional Rights ...
" Afran explained that the new provision gives U.S. citizens a right to go to civilian (i.e. ConsultingMag.com. Over the last decade, Consulting magazine has recognized more than 250 consultants for their accomplishments in the profession.
Each year, we honor those consultants making the greatest impact on clients and within their own firm with the Top 25 Consultants. Here’s a complete list of all the winners of the award dating back to 1999. Zheng Shangyou. This page is partly based on a contribution from Jonathan Norris.
Introduction Zhēng Shàngyóu is a Chinese card game whose name can be roughly translated as Struggling Upstream. Progressive Analysis - Defending Reproductive Justice - Political Research Associates. Liberal and progressive commentators have followed the Right’s incremental method of limiting access to abortion and other reproductive justice issues.
These are examples of their analysis. Limiting Abortion Access Step by Step Laws Targeting Abortion Providers “Targeted Regulations of Abortion Providers” written by (TRAP Laws) the Center for Reproductive Rights, discusses the trivial and arbitrary laws that are being created across the country to make it more difficult for freestanding abortion clinics to stay open. Voting 101. Inside the Beltway. The midterm hubbub is over and President Obama has left town for 10 days, reportedly accompanied by one personal chef, 3,000 assorted officials, 200 business leaders, 40 aircraft, 34 warships and six armored cars.
No elephants, though. In the aftermath, a certain gloom has descended upon politicians, somewhere between postelection depression and lame-duck dread. Republicans must size up the true dimensions of their victories, even as Democrats confabulate what strategic mischief they can wreak once Congress reconvenes. Soon-to-be House Speaker John A. Boehner has to worry who will play him in the inevitable “Saturday Night Live” spoof. On the Upper West Side, an anti-Obama draft - Ben Smith. October 31, 2011 Progressive disgruntlement with elements of President Obama's governance, and with his principled fondness for compromise, has not at any point seemed on the verge of a serious primary challenge, and the most serious potential challengers -- Howard Dean and Russ Feingold -- have ruled it out.
But a New York reader sends over the stirrings of that disillusion in one of America's true liberal heartlands, Manhattan's Upper West side, where Obama and Biden won 84% of the vote in 2008. A longtime local Democratic activist, Bob Ginsberg, has sent around a mailing to about 1,800 New York Democratic leaders and activists, calling for a progressive challenge to President Obama. Romney unveils leaders of Catholic outreach team. Economic Justice. The Attack on Working People & Organized Labor It became clear in 2011 that there was a broad attack on working people, especially those in unions.
Anti-labor campaigns by corporate interests are nothing new, and are frequently masked by rhetoric about freedom of choice for employees. The main framing of these anti-labor campaigns is built around the idea of a "Right to Work. " Corporate CEOs and wealthy "free market" economists portray themselves as friends of the working man and woman. In 2008 corporate and conservative strategists were developing a series of fake grassroots groups under the banner of the new “Tea Party” rebellion. What is Behind These Attacks? Breaking News and Analysis.