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“It seems inevitable that we’ll get some sort of growth compact, the question is what that will entail but everybody means different things by it. It’s hugely important to be promoting investment and very important to crack down on tax avoidance and tax evasion collectively,” Sony Kapoor, managing director at international think tank Re-Define told ...

I wrote in May 2009 on how hedge funds could squeeze a bank: There were two dimensions to the cause of the current credit crisis. The first was that unit risk was not eliminated, merely transferred to a larger pool to make it invisible statistically. The second, and more ominous, was that regulatory risks were ...

Whether or not Greece has to leave the eurozone, and whether or not a growth compact is added to the fiscal treaty, there is likely to be a further call – or calls – on the International Monetary Fund for help with funding firewalls to protect the eurozone from meltdown. The IMF should take this opportunity to ...

It’s official. Just as he was voted in for a second term as Class A New York Fed director in February 2010, Jamie Dimon was reelected chairman and CEO ofJPMorgan Chase yesterday afternoon. He got to keep his $23 million pay package, too. All without breaking a sweat. If the stock buckles under another “discovery,” shareholders can take comfort ...

AP Photo “Students and their parents are aware that it’s no longer a direct jump from college to the labor market, and the first job may no longer be a career path job,” said Tamara Draut, vice president of policy and programs at the think tank Demos. “In terms of policy that helps that transition? ...

In February President Obama laid out his framework for reforming corporate taxes. He proposed a substantial cut in the corporate income tax rate from 35 to 28 percent—a boon to companies, especially small businesses that lack theopportunities for tax avoidance that major companies regularly exploit. As I wrote at the time, the president proposed to make this ...

“If you have an opaque market, nobody knows what the problems in it might be,” Born said. “Derivatives regulation is absolutely necessary for the safety of our financial system. Something like [the JPMorgan loss], or something many times worse, could happen at any time, and we don’t know about it. Nobody knows.” Read more here.

Last September we renewed our earlier pleas to Congress to ‘pick’ the four low-hanging initiatives that would, if the administration and Congress together would only pick them, quickly create millions of new jobs. They were and remain: 1. Buy-Domestic Procurement Requirements.All infrastructure projects funded and guaranteed by the federal government should require purchases to be ...

Lynn Stout explains derivatives, hedging and the recent JP Morgan loss on NPR, May 14th, 2012.

The eurozone crisis unfolded primarily as a sovereign-debt crisis mostly on its southern periphery, with interest rates on sovereign bonds at times reaching 6-7% for Italy and Spain, and even higher for other countries. And, because eurozone banks hold a substantial part of their assets in the form of eurozone sovereign bonds, the sovereign-debt crisis ...