Tag: Regulations and regulators

A Study in Professional Power: Why Do the Big 4 Accountants Survive?

Yves here. While many people go into “my eyes glaze over” mode when the topic of accountants comes up, you ignore them at your peril. In the US, boards and executives escape liability if they can say they were acting on the advice of professionals. Lawyers are the main liability […]

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Pelosi Advisor Proposes Non-Binding Arbitration as Road to Lowering Drug Prices

Yves here. Arbitration??? Are you kidding me? First, this is just an excuse for not regulating or negotiating. Every other advanced economy, and they all have fewer patients than the US, bargains with drug companies over prices. I know a bit about the Australian system, run by its Therapeutic Goods […]

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Reining in Leveraged Lending

Yves here. This article pre-supposes that readers understand that most leveraged lending is taking place as a result of private equity, via two routes. First, private equity funds use a great deal of borrowed money when buying companies. One of the biggest sources is so-called leveraged loans, which are normally […]

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Cisco Joins Other Tech Giants in Calling for a Federal Privacy Law

By Jerri-Lynn Scofield, who has worked as a securities lawyer and a derivatives trader. She is currently writing a book about textile artisans. Cisco yesterday “issued a call to governments and citizens around the world to establish privacy as a fundamental human right in the digital economy,” according to a […]

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More on “Is CalPERS Private Equity Architect John Cole So Clueless He Doesn’t Know He’s Lying?”

Earlier this week, we described how CalPERS’ John Cole, who has been leading the development of the giant fund’s new private equity scheme, tried selling the board on the idea that they were getting a great deal when the terms he presented show that Cole and CalPERS are about to […]

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Bernie Sanders’ “Raise the Wage Act” Would Make Life Better for 40 Million Americans: Analysis

By Jessica Corbett, a staff writer for Common Dreams. Follow her on Twitter: @corbett_jessica. Originally published at Common Dreams By increasing the federal minimum wage over the next five years, the Raise the Wage Act of 2019 would boost the incomes and improve the lives of an estimated 40 million Americans, […]

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Italy Guns For Glass-Steagall-Type Law to Break Up Banks, Cut Bailout Costs for Taxpayers

By Don Quijones of Spain, Mexico, and the UK, and an editor at Wolf Street. Originally published at Wolf Street On Friday, Italy’s coalition government unveiled new banking regulationsthat it hopes to pass in the coming months, including a rule that would separate banks’ commercial and investment arms. It would […]

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The Real Reason Stock Buybacks Are a Problem

Yves here. Even though this article on stock buybacks by Steve Roth, cross posted below after this lenghty introduction, makes an important central point, I believe it is missing the forest for the trees. Roth acts as if stock buybacks are merely an alternative to dividends (or investing or paying […]

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How the Peak Oil Story Could Be “Close,” But Not Quite Right

Yves here. Gail Tverberg hasn’t been posting her carefully argued pieces on energy, particularly “peak oil,” and environmental issues as often as she once did, so I was glad to see this piece. By Gail Tverberg, an actuary interested in finite world issues – oil depletion, natural gas depletion, water […]

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How This Oil Refiners Group Rallied GOP Governors’ Support for Trump’s Rollback of Auto Standards

Jerri-Lynn here.  This piece documents how closely business interests groups – in this case, oil refiners – worked to rollback fuel economy  emissions standards, by flooding the Department of Transportation with identical  public comments as the agency considered the proposed rule change, and  soliciting Republican governors to front for their […]

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Marshall Auerback: In Antitrust, Size Isn’t Everything

By Marshall Auerback, a market analyst and commentator. Produced by Economy for All, a project of the Independent Media Institute When it comes to businesses in need of reform, the saying “size isn’t everything” should apply. Unfortunately, this isn’t the thinking in the realm of antitrust, where size is seen […]

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Brexit “Singapore on the Thames” Fantasies

Yves here. The UK’s post-Brexit “Singapore on the Thames” pretenses should be laughed out of the room. Anyoe who has been paying attention knows that the UK and its Crown Dependencies are already a monster tax haven; pray what more is there to be gained with Brexit? And as this […]

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Los Angeles Teachers Make the Case That Charter Schools Are an Existential Threat to Public Education

By Jeff Bryant,  a writing fellow and chief correspondent for Our Schools, a project of the Independent Media Institute. He is a communications consultant, freelance writer, advocacy journalist, and director of the Education Opportunity Network, a strategy and messaging center for progressive education policy. His award-winning commentary and reporting routinely appear […]

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Two Top US Green Party Economic Advisors Regularly Troll Non-Professional MMT Activists (And Believe That Bankers Rule The World)

By Jeff Epstein, @citizensmediatv on Twitter Copy edited by Ben Szioli (Here is a very abbreviated version of this article in tweet-form.) Two of the top economic advisors for the National US Green Party, Howard Switzer and Joe Bongiovanni, just released a thirty seven minute video dedicated to tearing down […]

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3 Ways Trump Could Disrupt Health Care for the Better

Yves here. Recall that in his post on his French health care and magical snotty snails, Michael Olenick mentioned in passing that pharmacists in France can prescribe medications for routine ailments, unlike their US counterparts. I would not be that keen about the “let patients shop better” were it not […]

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The Planetary Health Diet Isn’t Much Use to People Living in Food Poverty

Yves here. Mass market food producers have not been good actors in promoting a healthy diet. Among other things, adding sugar to products makes them taste better and “snacks, drinks, and processed foods that are high in sugar have the highest profit margins.” By Anya Pearson, a freelance journalist and […]

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What Truck Drivers Say about “Driver Shortage” & Pay Increases

Yves here. Of course, one then wonders how many of the other worker shortage stories are exaggerated. And remember that profits have been at record levels as a percentage of GDP, so the idea that most companies can’t pay more is spurious. By Wolf Richter, a San Francisco based executive, […]

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$15 Minimum Wage: Job Killer or Path Out of Poverty?

This Real News Network segment sets forth the most common arguments against increasing the minimum wage to $15 an hour, or alternatively, a living wage level, and shows why they don’t hold up to scrutiny. A decent minimum wage is even more important when the supposedly robust US economy is […]

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Trillions In IPO Funds At Risk Over Government Shutdown

Yves here. Let us all shed crocodile tears for the fact that Uber’s IPO may get done behind schedule. By Michael Kern , a newswriter and editor at Safehaven.com, Oilprice.com, and a writer at Crypto Insider. Originally published at SafeHaven Welcome to day 20 of the government shutdown over a […]

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Another Win for Fossil Fuels: EPA to Weaken Basis for Calculating Mercury and Future Environmental Standards

By Jerri-Lynn Scofield, who has worked as a securities lawyer and a derivatives trader. She is currently writing a book about textile artisans. Nearly halfway through his first term, Trump’s domestic policy record is decidedly mixed – despite having enjoyed Republican House and Senate majorities.  In 2017, he enacted a […]

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Journey into a Libertarian Future: Part VI – Certainty

This post was first published on December 6, 2018 By Andrew Dittmer, who recently finished his PhD in mathematics at Harvard and is currently continuing work on his thesis topic. He also taught mathematics at a local elementary school. Andrew enjoys explaining the recent history of the financial sector to a popular audience. […]

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