Value Walk, By Mark Melin, November 21
After press reports reveal more than a cozy relationship, but sharing of confidential documents, investigation called for on eve of Senate testimony on the issue
After a withering expose in The New York Times that showed bank regulators at the New York Federal Reserve sharing confidential information with […]
Report Notes Deals Between Goldman, Deutsche and Others Drove Up Aluminum Prices
The Wall Street Journal, by Christian Berthelsen & Ryan Tracy, November 19
Washington — A U.S. Senate report on commodity-market activities at big Wall Street banks accuses the firms of being so powerful they were able to influence prices, gain trading advantages and […]
Just about everything the Federal Reserve Bank does speaks of dignity. Dignified premises, dignified public relations, dignified people running and staffing the institution. The same applies to all the other major central banks, like the Bank of England, the Banque de France, the Deutsche Bundesbank, the European Central Bank, and the Bank of Japan. You […]
Regulators in US and UK mete out record fines after finding a ‘free for all culture’ on currency trading floors at RBS, HSBC, Citibank, JP Morgan and UBS
The Guardian, By Jill Treanor, November 12
The corruption of the world’s biggest currency dealers was laid bare on Wednesday when regulators imposed £2bn of fines on […]
President Obama announced today that in the spirit of bi-partisanship he will agree to repeal Obamacare. The press release follows:
(originally posted Oct 31) This week the Federal Reserve put an end to their fourth round of Quantitative Easing, having exploded their balance sheet from $800 billion at the start of QE, to over $3 trillion today. Everyone thought that the financial markets would now have to live without the monetary dope that has been […]
Renegade Economists: October 1, 2014: DOUBLETHINK TANKS, TAR SANDS, WATER & IMPERIALISM.
Michael Hudson, October 9
Karl Fitzgerald: This week on the Renegade Economists we’re joined by Professor Michael Hudson, the author of The Bubble & Beyond, Super Imperialism, and a host of other books. You can read his work at www.Michael-Hudson.com. Certainly our favourite […]
From Ian’s October 6 blog entry : This is the second collation of articles on why our world is what it is, and how we can change it. Some of these articles are old, as I don’t write as much as I used to about economics because the decision points for avoiding a completely lousy […]
Carmen Segarra, 41, said she began recording meetings because she couldn’t believe how the regulators bowed and scraped to the behemoth investment bank. The tapes were released to ProPublica and This American Life.
New York Daily News, By Ginger Adams Otis, September 27
A fired financial regulator whose job was to oversee Goldman Sachs for […]
The Scots got sick and tired of Thatcherite policies imposed from London.
The American Prospect, By Robert Kuttner, September 23
Why on earth did the Scots, largely quiescent as part of Great Britain for three centuries, suddenly become the mouse that roared?
It wasn’t because they became besotted watching re-runs of Braveheart or Rob Roy, […]
It seems like so very long ago, many of us here at The Agonist gave up on Barack Obama. It was long ago – six years now – which is a long time considering the progress the United States could have made had Obama been the leader he promised to be. My disillusionment was almost […]
…I would have laughed in your face. But it did:
Why abandon K-Street, and acknowledge, then reject, the Big Business perception of the GOP? They’ve had the Republican Party’s back for some time, right? In the past, the largest companies favored one party over the other because they understood a pro-capitalist, low-regulation government benefits […]
CBC, By Kristy Kirkup, July 3
Trade officials from Canada and other Asia-Pacific nations are meeting behind closed doors in Ottawa to discuss the Trans-Pacific Partnership, a massive free-trade proposal that could create one of the world’s largest trading blocks.
The TPP currently comprises 12 countries, including Canada, Australia, Brunei, Chile, Japan, Malaysia, Mexico, New […]
The Telegraph, By Ambrose Evans-Pritchard, June 4
The way we are going, the whole world will end up with zero interest rates or some variant of quantitative easing before long. Such is the overwhelming power of deflation in countries with burst credit bubbles. Such too is the implication of a global savings rate that has […]
Reuters, By Nandita Bose & Rajesh Kumar Singh, June 4
Mumbai, New Delhi – India could allow global online retailers such as Amazon.com Inc (AMZN.O) to sell their own products as early as next month, removing restrictions that have held back competition in one of the world’s biggest, and most price-sensitive, retail markets.
The decision, […]