Central banks are in combat mode. On the front lines: Europe, Denmark, Canada, Switzerland, Peru and India.» Read More
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Banks ripping of customers doesn't result in big gains for shareholders [CNN Money via Fortune]
"Who Eclipsed Bob Diamond's Pay Package at Barclays?" [CNBC.com via FT]
My colleagueJohn Carney is half right in his opinion piece about Libya —and where he is wrong he is wrong for the best of reasons.
Carney has taken the position that a US enforced no-fly zone in Libya should be avoided in favor of offering Qaddafi the carrot of amnesty in exchange for his immediate departure from the country.
Here is the backbone of his anti-no-fly zone argument:
Now that senior senators from both the Republican and Democratic parties are putting pressure on the Obama administration to put a “no-fly zone” in place over Libya, it’s incumbent that skeptics of this kind of belligerence speak out.
Last summer, Barack Obama promised a new education program that would produce 8 million more college graduates by 2020.
Few people at the time raised the obvious question: do we really need an additional 8 million college graduates? Where’s the evidence for a coming shortage of college educated workers?
Despite almost universal recognition that the failures of the credit ratings agencies to perceive and disclose the risk in asset-backed securities played a pivotal role in setting the stage for the financial crisis, they’re still an integral—and legally mandatory—part of our financial system.
They’re so influential, in fact, that they can effectively veto efforts to regulate them.
Recently the ratings agencies exercised their veto power over attempts to subject them to liability for faulty ratings.
Parties, presents, cake—these are the things that come to mind when most people think about birthdays. You don’t typically think of famine, disease, or oppression. But I would argue that it’s when we’re at our luckiest—one year older, one year wiser—that we should be thinking of those who aren’t so lucky.
Some investors believe that declining oil prices are a good thing—for now—with $30 a barrel as the break point.
Owen Li, who blew up his own hedge fund and lost millions isn't an anomaly, warns ex-hedge-fund trader Turney Duff.
Central banks are in combat mode. On the front lines: Europe, Denmark, Canada, Switzerland, Peru and India.