Today the Senate held a hearing on a bankruptcy reform proposal which would address the problem of too-big-to-fail head on. The reform applies to large financial firms and makes failure feasible under clear rules without systemic spillovers thereby greatly reducing the likelihood of government bailouts.
The problems with China’s economic-growth pattern have become well known in recent years, with the Chinese stock-market’s recent free-fall bringing them into sharper focus.
Asset Pricing Part II, the second half of my online PhD class in asset pricing, starts up next week. Part I and Part II are separate and independent courses, and you don't need a lot of the material of Part I to do Part II. This is a "summer school" session set up especially for PhD students in finance.
In the first part of this series, we looked at the question of whether Apple could be held liable in a negligence tort for refusing to retain the ability to provide law enforcement with decrypted communications in response to legal process.
In April, former New York Times journalist Judith Miller revealed in “The Story” that by manipulating her memory through tendentious questioning and withholding exculpatory evidence, Special Counsel Patrick J. Fitzgerald induced her to give false testimony that in 2007 helped convict I. Lewis “Scooter” Libby of obstruction of justice, false statements, and perjury.
“My country ‘tis of Thee, sweet land of Secularity” will be our new national hymn as America enters the uncharted territory of a post-Christian era. Long known as “a Christian nation,” the U.S. has turned sharply in a secular direction, thanks to the trickle-down influence of elites and handed-down dictates from courts. This historic shift will affect everything from elections to education to ethics and beyond.
When budget crises occur, Sacramento goes into tax reform frenzy. Commissions are appointed and elected officials travel the state touting reform ideas.
A series of recent controversies have brought to the fore the central question of how much military protocols need to be updated, on both sides of the Atlantic, to accommodate social and political agendas.
In this authoritative and deeply informed political and diplomatic history, Service (Trotsky), a seasoned British historian specializing in studies of Soviet Russia, delivers a masterful account of the final years of the Cold War, when a small, remarkable group of statesmen sought an end to the dangerous standoff between superpowers.
Rick Perry on Wednesday pledged that, if elected, he will fight to end the problem of “too big to fail” banks, warning another financial meltdown and set of government bailouts are on the horizon.
