Occupy SEC played significant role in curbing risky banking and trading
From the “Economix” Blog of the New York Times by Simon Johnson: There is a tendency in recent American political discourse to use the term “populism” as a form of…
Federal consumer protection agency announces reform agenda for 2014
From the New York Times by Tara Siegel Bernard: The Consumer Financial Protection Bureau, which has already overcome considerable political resistance, has managed to pack some punches in the last…
Republicans oppose minimum wage, but claim they want to curb poverty?
From the January 10, 2014 New York Times Editorial: A similar dynamic is developing around the drive for a higher minimum wage. In the December jobs report, the average hourly…
Corporate leaders getting free legal pass on cleaning up financial crisis
From today’s New York Times Editorial Observer by Teresa Tritch: In recent years, it has become increasingly clear that no prominent banker would be prosecuted for fraud in the run-up…
Does increasing the minimum wage stifle job creation? Room for Debate
From the New York Times “Room for Debate”: For the past year, fast-food and retail workers have made it clear that lousy pay should not be the cost for cheap…
Business behaving badly, why fines don’t deter corporate malfeasance
This last year was a record one for fines and financial settlements levied against corporations for breaking laws and wreaking havoc on the economy, especially banks and other financial institutions…
Consumers lack financial literacy, contributed to Great Recession
From the LA Times: Guess how many Americans correctly answered this basic financial question: Is the stock of a single company usually safer than a mutual fund? A) 100% B)…
Tech start-up publishes employee salaries, encourages transparency
San Francisco tech start-up Buffer has been making waves with its transparency campaign, jump starting a national conversation about salaries and, by implication, the way businesses conduct their business in…
Five regulatory agencies approve Volcker Rule, curbing risky banking
Five federal regulatory agencies approved the so-called “Volcker Rule” today, restricting commercial banks from trading stocks and derivatives for their own gain and limits their ability to invest in hedge…
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What Obama Left Out of His “Inequality Speech”: Regulation
By THOMAS O. MCGARITY, From the “Great Divide” Blog, New York Times Onine AUSTIN, Tex. — President Obama’s speech on inequality last Wednesday was important in several respects. He identified…