Christie 'Outraged' By 'Unacceptable' Email Exchanges Over GWB Lane Closures … Fort Lee Mayor: 'That Is Saddest Political Commentary That You Could Possibly Have … New Jersey Gov. Chris Christie responded Wednesday afternoon to email exchanges made public earlier in the day linking a top aide to the George Washington Bridge lane closure scandal that has been under i...Read More
On January 6, Janet Yellen will likely be confirmed as the next Chair of the Federal Reserve System. Her to-do list will be full of things like the interest rate, the bank bailouts, the unemployment rate, and in general, running the economy. Climate change would be an unexpected addition to that list, but the Fed Chair is in an important and rarely recognized position to take action on the climate...Read More
Christie 'Outraged' By 'Unacceptable' Email Exchanges Over GWB Lane Closures … Fort Lee Mayor: 'That Is Saddest Political Commentary That You Could Possibly Have … New Jersey Gov. Chris Christie responded Wednesday afternoon to email exchanges made public earlier in the day linking a top aide to the George Washington Bridge lane closure scandal that has been under i...Read More
Janet Yellen confirmed as Federal Reserve chairman … Janet Yellen was confirmed to lead the Federal Reserve on Jan. 6, 2014, making her the first female chair in the Fed's history … The Senate confirmed Janet L. Yellen on Monday as the next leader of the Federal Reserve, placing her in charge of ensuring that the nation's economy makes a full recovery. Her nomination passed the...Read More
JP Morgan Pays $2 Billion to Avoid Prosecution for Its Involvement In Madoff Ponzi Scheme … Bernie Madoff has said all along that JP Morgan knew about – and knowingly profited from – his Ponzi schemes. So JP Morgan has agreed to pay the government $2 billion to avoid investigation and prosecution. While this may sound like a lot of money, it is spare sofa change for a big bank li...Read More
Janet Yellen confirmed as Federal Reserve chairman … Janet Yellen was confirmed to lead the Federal Reserve on Jan. 6, 2014, making her the first female chair in the Fed's history … The Senate confirmed Janet L. Yellen on Monday as the next leader of the Federal Reserve, placing her in charge of ensuring that the nation's economy makes a full recovery. Her nomination passed the...Read More
JP Morgan Pays $2 Billion to Avoid Prosecution for Its Involvement In Madoff Ponzi Scheme … Bernie Madoff has said all along that JP Morgan knew about – and knowingly profited from – his Ponzi schemes. So JP Morgan has agreed to pay the government $2 billion to avoid investigation and prosecution. While this may sound like a lot of money, it is spare sofa change for a big bank li...Read More
Rebooting the agreement tops the agenda at the meeting of the leaders of the three countries scheduled to take place in Mexico this February. "There's a joint willingness among all three countries to relaunch the idea of North America, not just in terms of manufacturing, but in innovation and design," says Sergio Alcocer, under-secretary for North America in Mexico's foreign mini...Read More
Speed Screening for Troops proves that TSA protocol is just Security Theater … The Transportation Security Administration has recently expanded what it calls "expedited security screening", more commonly known as TSA Pre-Check, to military service members at more than 100 airports across the United States. These so-called expedited screenings will allow military personnel to keep t...Read More
Rebooting the agreement tops the agenda at the meeting of the leaders of the three countries scheduled to take place in Mexico this February. "There's a joint willingness among all three countries to relaunch the idea of North America, not just in terms of manufacturing, but in innovation and design," says Sergio Alcocer, under-secretary for North America in Mexico's foreign mini...Read More
Speed Screening for Troops proves that TSA protocol is just Security Theater … The Transportation Security Administration has recently expanded what it calls "expedited security screening", more commonly known as TSA Pre-Check, to military service members at more than 100 airports across the United States. These so-called expedited screenings will allow military personnel to keep t...Read More
Canadian Mutual Fund Adviser, MPL Communications Inc.133 Richmond St.W., Toronto, ON, M5H 3M8. 1-800-804-8846 Among resource issues, energy stocks have held up relatively well this year. That may reflect the abundance of high-quality companies you find in this sector, as well as the positive long-term outlook for energy. Energy stocks have been a relatively bright spot in the otherwise dismal natu...Read More
Greed must have limits or we risk ending up like the Russians, trusting no one … Mutual trust in a society is easy to destroy but very difficult to build … Russia underwent the Revolution, with its overturning of society's ranks and distinctions and the destruction of fortunes, civil war and subsequent state terrorism, and more recently, the breakdown of the Soviet Union. – U...Read More
Wall Street watchdog puts spotlight on firms hiring risky brokers …Wall Street brokerages that hire stockbrokers who have a track record of misconduct should expect to show examiners how they will curb future wrongdoing, the industry's watchdog said on Thursday in an overview of issues it will review in 2014. The Financial Industry Regulatory Authority (FINRA) said it will review the pro...Read More
Greed must have limits or we risk ending up like the Russians, trusting no one … Mutual trust in a society is easy to destroy but very difficult to build … Russia underwent the Revolution, with its overturning of society's ranks and distinctions and the destruction of fortunes, civil war and subsequent state terrorism, and more recently, the breakdown of the Soviet Union. – U...Read More
Wall Street watchdog puts spotlight on firms hiring risky brokers …Wall Street brokerages that hire stockbrokers who have a track record of misconduct should expect to show examiners how they will curb future wrongdoing, the industry's watchdog said on Thursday in an overview of issues it will review in 2014. The Financial Industry Regulatory Authority (FINRA) said it will review the pro...Read More
Political insurgency, Europe's Tea Parties – Insurgent parties are likely to do better in 2014 than at any time since the second world war … Since 2010 or so, the Tea Party, a Republican insurgency, has turned American politics upside down. – The EconomistDominant Social Theme: These are parties to be watched and contained.Free-Market Analysis: Ten years ago, when we wrote ab...Read More
IMF paper warns of 'savings tax' and mass write-offs as West's debt hits 200-year high … Debt burdens in developed nations have become extreme by any historical measure and will require a wave of haircuts, warns IMF paper. The paper said policy elites in the West are still clinging to the illusion that rich countries can chip away at their debts with a blend of austerity cuts and...Read More
Political insurgency, Europe's Tea Parties – Insurgent parties are likely to do better in 2014 than at any time since the second world war … Since 2010 or so, the Tea Party, a Republican insurgency, has turned American politics upside down. – The EconomistDominant Social Theme: These are parties to be watched and contained.Free-Market Analysis: Ten years ago, when we wrote ab...Read More
IMF paper warns of 'savings tax' and mass write-offs as West's debt hits 200-year high … Debt burdens in developed nations have become extreme by any historical measure and will require a wave of haircuts, warns IMF paper. The paper said policy elites in the West are still clinging to the illusion that rich countries can chip away at their debts with a blend of austerity cuts and...Read More