LATEST NEWS : Containing Competitive Monetary Easing

MUMBAI – As the world struggles to recover from the global economic crisis, the unconventional monetary policies that many advanced countries adopted in its wake seem to have gained widespread acceptance. In those economies, however, where debt overhangs, policy is uncertain, or the need for structural reform constrains domestic demand, there is a legitimate question […]

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LA Times: Big Bank Mortgage Settlements Are Bogus

The hidden truth behind the huge fines the federal government has extracted from banks and Wall Street is that because of credits, tax write-offs and other tricks, the penalties are worth only a portion of what was announced, the Los Angeles Times reported. In a show of non-partisan skepticism, Sens. Elizabeth Warren, D-Mass., and Tom Coburn, R-Okla., […]

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D.C. awash in contracts, lobbying wealth

WASHINGTON • So much money to be had if you know where to look. The avalanche of cash that made Washington rich in the last decade has transformed the culture of a once staid capital and created a new wave of well-heeled insiders. The winners in the new Washington are not just the former senators, party consiglieri […]

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