Investors have been agonizing over how big a threat China poses to the global economy, but they may be looking in the wrong place.» Read More
John Grisham's book "The Appeal" was a page turning story of how justice was up for sale. Now we're seeing this story unfold in real life.
Not on the East Coast or West Coast, but in the Midwest—Wisconsin. Once considered a local race, the election for Wisconsin Supreme Court Judge took a heated turn when Governor Scott Walker's historic legislation stripping collective bargaining rights for public employees passed. Now the battle has passed to the courts.
The Wisconsin court is technically "non-partisan" and the current elections is for just one of the court's seven seats. The make up of the current bench is four conservatives, a swing vote and two liberals. So the race between conservative incumbent Justice David Plosser and liberal candidate JoAnne Kloppenburg is essentially a battle over control of the court. The future of Walker's legislation hangs in the balance of justice.
The election is awash with campaign cash. I decided to ask Carrie Severino of The Judicial Crisis Network for her thoughts on this election battle. What could it mean for the future of business in our country? Severino is a former law clerk for Justice Thomas and lecturer at Georgetown Law School.
After a ten-year hiatus, Julian Robertson is finally reopening Tiger Management to outside investors, Lawrence Delevingne at AR reports.
The reopening has been rumored for months, and hit its peak when Robertson hired Tiger Management's former chief trader Gil Caffray \(who was most recently with Tiger cub Touradji Capital\) as chief investment officer in early January.
Moody's downgraded Portugal [Yahoo Finance]
China raises interest rates...again [CNNMoney]
Texas Instruments is acquiring National Semiconductor [CNBC.com via Reuters]
Barclays CEO wants to increase bank's risk appetite [CNBC.com via Financial Times]
Admit it. You're a little excited about this.
A local government official in Massachusetts has asked the state’s treasurer to pull funds from Bank of America.
Essex District Register of Deeds John O’Brien wrote a letter to Massachusetts State Treasurer Steven Grossman, asking that the Treasurer change depository banks.
A group of conservative and libertarian groups have sent Congress a letter urging lawmakers to delay the implementation of the Durbin Amendment, a provision which would cap so-called "interchange" fees financial companies can charge on debit card transactions.
Visa and Mastercard together control around 90 percent of the market for debit card purchases. The Durbin Amendment would limit the amounts that retailers pay to Visa, Mastercard, and major banks. It was heavily supported by many of the biggest retail chains, including Walmart .
The next catastrophe in residential real estate may be caused by the government's solution to the last catastrophe in residential real estate—and this time tax payers are directly on the hook for the losses.
Falling asset prices could have spillover effect on consumers and cause a recession, Peter Boockvar said Monday.
China's central bank injected 140 billion yuan ($21.96 billion) into banks through its short-term lending operations (SLO) tool on Monday.
Inflation pressure in the U.S. economy is likely to rebound, paving the way for tighter rates, a top Fed official said.