News
Market Watch | Weak big bank risk controls still a concern: FSB
Weak risk controls are still a concern at big global banks and supervision of the largest financial institutions needs to be strengthened, said the chairman of an international bank-regulation standard setter Monday.
CNN Money | Greece's misery won't end with bailout vote
Greece is back on investors' radar this week as its parliament agonizes over new austerity measures aimed at averting bankruptcy. But analysts believe the $17 billion package may buy only temporary relief for Athens as its debt burden continues to grow.
Market Watch | China to subsidize shale-gas development
China unveiled plans Monday to subsidize energy companies working to develop shale gas resources, a move seen by analysts as likely to help turn around a loss-making industry and potentially mark a bright spot in the nation’s drive for alternative energy sources.
Econ Comments & Analysis
WSJ | The FHA's November Surprise
The Department of Housing and Urban Development is scheduled to file its annual, independent actuarial report on the FHA this month, and market scuttlebutt is anticipating a big financial hole. The agency was careening toward a taxpayer bailout earlier this year until the feds and state Attorneys General plugged the hole with about $1 billion from a $25 billion bank settlement.
Washington Times | BOLTON: Restoring American global pre-eminence
The Constitution entrusts the bulk of foreign- and defense-policy decision-making to the executive, but Congress has ample responsibilities in budget and oversight matters to ensure that any administration is held accountable.
WSJ | Dodd-Frank's Financial Outsourcing
But a real-life Obama policy is already encouraging financial transactions to occur outside America. Two big international banks now say they won't participate in the U.S. swaps market.
Washington Times | RAHN: Congressional control as important as White House
The president often is blamed for the deficit by folks on both the right and the left, but under the Constitution, it is those in Congress who must approve all taxing and spending, and thus they are directly responsible.
Blogs
Econlog | FDA Breaks Its Own Regulations
Most people believe that the FDA needs to ensure that the medicines we Americans consume have been proven to be safe and effective long before we ever get a chance to use them.
AEI | Income inequality and education
OK, so let’s say you are really worried about rising income inequality. How, exactly, would the Buffett rule or raising taxes on private equity investors address this problem?
NRO: The Corner | Another Failed Promise: Obama Edition
But one of the biggest failures of this administration is that the president never delivered on the promise to put an end to the unhealthy marriage between the private sector and the government, as well as the terrible incentives to pass bad laws and the corruption of public officials that are born from such a shameful union.
