Tags / financial sector
How and Why to Make Goldman Pay
America Blog 3 days agoBy now everyone, even the NY Times front page, has noticed the huge multi-billion dollar profits posted by Goldman Sachs and others in the financial sector.
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Recession and Financial Mismanagement May Claim Distinguished LGBT Newspapers
Topix Gay News Nov 16 09
Southern Voice and David Atlanta have both shut their doors as the downturn in the news media's economy strikes the smaller, minority directed newspapers hardest.
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News on GOP Senate candidates in Delaware, Florida and Missouri
America Blog Oct 06 09Delaware's sole Congressman, Mike Castle, who also served as the state's governor, is planning to run for the Senate seat vacated by Joe Biden.
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Financial reform, now
America Blog Oct 01 09Yet another of many reasons to do financial reform now.There has been a lot of vague angst lately about the lack of progress in reforming the financial sector.
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Does Sarah Palin realize how bizarre her statements were in Hong Kong?
America Blog Sep 23 09Sarah Palin is always good for a laugh, especially when she has no idea how silly she sounds. (Her being out of any office of significance when she says things like this is much funnier than if she was in power.
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Krugman: It's time to reform the financial industry
America Blog Sep 22 09Paul Krugman:
I was startled last week when Mr. Obama, in an interview with Bloomberg News, questioned the case for limiting financial-sector pay: “Why is it,” he asked, “that we’re going to cap executive compensation for Wall Street bankers but not Silicon Valley entrepreneurs or N.
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Obama to nicely ask Wall Street to act responsibly
America Blog Sep 14 09Maybe when you spend your vacation golfing with bank CEOs or hand out the best foreign ambassador positions to bankers who are of course, your largest campaign contributors you hear a different side to the Wall Street collapse story.
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AP poll: 7 in 10 have no confidence in Washington fixing Wall Street
America Blog Sep 14 09Whoever those 3 in 10 people are, they need to get some serious help. Not. Going. To. Happen. Who would then fund political campaigns for president and Congress? Those 3 in 10 probably think one of those heart-warming stories about online capaign contributions of $10 will somehow lead to receiving a foreign ambassador position.
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Banking reform unlikely in 2009
America Blog Sep 10 09The more distance between the crash of last year and whenever they get serious, the more watered down and lobbyist-infested this will become.
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G20 finance ministers talk but fail to agree
America Blog Sep 06 09Capping pay is never going to float so the sooner they focus on the core problems - excessive rewards for gambling with too little cash on hand - there won't be any progress.
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France's foreign minister pushes for banker bonus controls
America Blog Sep 05 09Something has to be done though it's highly doubtful the G20 or even the US and EU are going to work out anything together.
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France proposes new banker bonus rules
America Blog Aug 27 09This is a start though the more important issue here is whether all countries will participate in a unified plan or if the banks will continue to dictate their pay.
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Average pay for bankers in London rose 6% last month
America Blog Aug 18 09Reform, anyone? How many people in the real world do you know who have seen such increases during the recession? This system is rotten to the core.
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Krugman: Big government saved the economy
America Blog Aug 10 09He says one million jobs have already been created (or saved) by the stimulus plan:
Probably the most important aspect of the government’s role in this crisis isn’t what it has done, but what it hasn’t done: unlike the private sector, the federal government hasn’t slashed spending as its income has fallen.
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Your tax dollars at work
America Blog Jul 21 09Against you. Would it have been too much to ask Washington to block such spending?
As Congress spent much of the last three months looking at ways to tighten regulations on financial institutions, some of the biggest recipients of the government's $700 billion bailout increased their spending on influencing legislators.
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Lessons from the credit bubble
America Blog Jul 02 09Shares in banks may be have been ever so slightly ahead of the norm in this most recent run. The unrealistic expectations both from the banks as well as the buyers fed this distorted growth.
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Banks reverting to risky strategies to pay high salaries again
America Blog Jun 24 09Ya don't say? It's positive to see the Brits focusing now on the risky business of hedge funds and also pointing out the same old problems that fed the collapse of the financial sector.
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IMF warns on global economy but also increases growth forecast
America Blog Jun 16 09Strange but that's the market these days. There is no question in my mind that there is increasingly positive signs out there but it remains very delicate.
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