"All I Want in Life is an Unfair Advantage" - August 8, 2005. How My Nanny Acts Like a Billionaire. Raise your hand if you know how the Treasury’s payment systems work… Anyone? The Blurry Frontiers of Economic Policy by Michael Spence. Exit from comment view mode.
Click to hide this space MILAN – Around the world, policies, technologies, and extended learning processes have combined to erode barriers to economic interaction among countries. Pick any indicator: trade relative to global GDP, capital flows relative to the global capital stock, and so forth – all are rising. But economic policies are set at the national level, and, with a few notable exceptions like trade negotiations and the tracking of terrorist funding and money laundering, policymakers set goals with a view to benefiting the domestic economy. And these policies (or policy shifts) are increasingly affecting other economies and the global system, giving rise to what might be called “policy externalities” – that is, consequences that extend outside policymakers’ target environment.
The negative carry universe. Economic Indicators Dashboard - Helping Advisors. Paulson’s $32 Billion Funds Prompt Too-Big Concerns (Update1) Gramm–Leach–Bliley Act. A year before the law was passed, Citicorp, a commercial bank holding company, merged with the insurance company Travelers Group in 1998 to form the conglomerate Citigroup, a corporation combining banking, securities and insurance services under a house of brands that included Citibank, Smith Barney, Primerica, and Travelers.
Because this merger was a violation of the Glass–Steagall Act and the Bank Holding Company Act of 1956, the Federal Reserve gave Citigroup a temporary waiver in September 1998.[2] Less than a year later, GLB was passed to legalize these types of mergers on a permanent basis. The law also repealed Glass–Steagall's conflict of interest prohibitions "against simultaneous service by any officer, director, or employee of a securities firm as an officer, director, or employee of any member bank".[3] Legislative history[edit] Final Congressional vote by chamber and party, November 4, 1999 Changes caused by the Act[edit] Remaining restrictions[edit] Privacy[edit] China Security. July Employment Report: 163,000 Jobs, 8.3% Unemployment Rate. By Bill McBride on 8/03/2012 08:30:00 AM From the BLS: Total nonfarm payroll employment rose by 163,000 in July, and the unemployment rate was essentially unchanged at 8.3 percent, the U.S.
Bureau of Labor Statistics reported today. Libor scandal: How I manipulated the bank borrowing rate. Libor manipulation and the invisible whistle. A Risk Management Approach to Monetary Policy. JPMorgan Gave Risk Oversight to Museum Head With AIG Role. (Corrects ending year of director’s tenure in penultimate paragraph of story originally published May 25, 2012.)
The three directors who oversee risk at JPMorgan Chase & Co. (JPM) include a museum head who sat on American International Group Inc.’s governance committee in 2008, the grandson of a billionaire and the chief executive officer of a company that makes flight controls and work boots. What the risk committee of the biggest U.S. lender lacks, and what the five next largest competitors have, are directors who worked at a bank or as financial risk managers.
Gold, Treasuries & SPX: Returns Since The Greek Crisis. Europe contemplates centralized authority. Jump to navigation Menu 🔊 Listen European Debt CrisisEuro Debt Crisis Share1Share5Share1 Europe contemplates centralized authority Play.
Soros Pushes EU to Start Joint Debt Fund or Risk Summit Fiasco. Billionaire investor George Soros called on Europe to start a fund to buy Italian and Spanish bonds, warning that a failure by leaders meeting this week to produce drastic measures could spell the demise of the currency.
Policy makers should create a European Fiscal Authority to purchase sovereign debt in return for Italy and Spain implementing achievable budget cuts, Soros said in an interview in London yesterday. Funding for the purchases would come from the sale of European Treasuries, which would have low yields because they would be backed by each euro member, he said.
France and Italy are urging Germany to take decisive action to end the 2 1/2-year-old debt crisis after Spain’s 10-year bond yields jumped to more than 7 percent last week, a level that economists consider unsustainable. China warns on lending to steel plants. Fear miners set to fall off ‘supercycle’ How the Great Recession was Ended. How to End This Depression by Paul Krugman. The Federal Reserve's Dual Mandate. Last Updated: 04/04/2014 In 1977, Congress amended The Federal Reserve Act, stating the monetary policy objectives of the Federal Reserve as: "The Board of Governors of the Federal Reserve System and the Federal Open Market Committee shall maintain long run growth of the monetary and credit aggregates commensurate with the economy's long run potential to increase production, so as to promote effectively the goals of maximum employment, stable prices and moderate long-term interest rates.
" Everyone Hates Inflation Because They Don't Understand What It Is. Fed’s Dudley Downplays Inflation Risk. New York Federal Reserve Bank President William Dudley said today that he believes that the 2% inflation “objective” the Fed has adopted will eventually be higher than the real inflation rate: More generally, there are several reasons to think that inflation will remain moderate and close to our objective.
