In 2013 businesses will push for new tax laws that allow them to keep all their earnings made overseas.
Meet the Man Cracking Down on the LIBOR Scandal
Gary Gensler, the chairman of the U.S. Commodity Futures Trading Commission, is now one of Wall Street’s toughest regulators.
Banking’s Really Bad Day
Four years on from the financial crisis, new banking scandals still seem to break out every few months. But this week has been particularly bad for the industry. There was HSBC’s $1.9 billion settlement with the U.S. Justice Department over laundering money for Latin American drug cartels and helping countries like Iran, Cuba, Sudan, …
How Bad Mergers Are Killing Innovation
Wall Street’s disproportionate sway over the U.S. economy has caused big problems in recent years, from the subprime crisis to high-frequency-trading debacles (just look at the new research out from the CTFC showing how speed traders rip off average Joes). But here’s one you may not have noticed: it’s crippling innovation.
To …
The Widening Divide Between Wall Street and Washington
There is much that divides Wall Street and Washington. The cleanliness of the streets. Sartorial daring. And the view on whether or not we’ll fall off the fiscal cliff by year’s end.
Money Talking: Who Decides How to Spend Sandy Relief Dollars?
What does the post Sandy reconstruction tell us about the big versus small government debate? And will it effect the fiscal cliff? To learn more, tune into this week’s episode of wnyc’s Money Talking with Time’s Rana Foroohar and the New York Time’s Joe Nocera.”
Is There a Reckoning Coming Thanks to Quantitative Easing?
Bond trader PIMCO believes the Federal Reserve’s quantitative easing will have dire long-term effects on the ecoomy
Money Talking: Is Too-Big-to-Fail Over?
Does Vikram Pandit’s departure from Citi mean that the era of the too big to fail bank is coming to an end? Is banking finally getting more boring? And what will happen to JP Morgan’s Jamie Dimon and Goldman Sachs Lloyd Blankfein. To hear all this and more, tune in to the latest episode of WNYC’s Money Taking, with Time’s Rana Foroohar, …
Inside Google’s Terrible, Horrible, No Good, Very Bad Day
Google stunned Wall Street Thursday by accidentally releasing its third-quarter earnings report four hours ahead of schedule. Even worse, the search giant’s financial figures came in well below analyst expectations on both …
Money Talking: Wall Street CEOs and the Fiscal Cliff
The issue of the “fiscal cliff,” the impending tax-hike and automatic cuts to federal spending, has been put on the backburner by lawmakers trying to woo voters in the runup to the November election. Now Wall Street CEOs are throwing their weight around in a new ad campaign calling for legislation to avoid the cliff. What should be done? …
More Jobs, Less Pay
Would you rather have an iphone 5 or running water? It might seem like a “well, duh,” kind of question, but it gets to the heart of something important about the jobs and growth debate right now.
Money Talking: What Did the Debate Tell Us About the Economy’s Future?
Did the debates tell us anything important about the future direction of the economy, and the markets? To find out, listen to this week’s Money Talking on WNYC with The New York Times’ Joe Nocera and Time’s Rana Foroohar.
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