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Category Archives: Economics

Another blow for corporate rights

Thursday, December 20, 2007

The SEC takes care of business: The U.S. Securities & Exchange Commission (SEC) has proposed changes that could prevent many shareholders from raising issues of social and environmental corporate responsibility. Over the past few decades, shareholder resolutions have played a significant role in persuading major companies to improve their labor, environmental and corporate governance practices.

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A simple proposal

Wednesday, December 19, 2007

The Fed has proposed a Plan To Curb Risky Lending which does not much for the past victims of predatory lending practices and appears to do not that much to prevent future abuse: The plan includes provisions that would require more extensive disclosures, restrict advertising and make it harder to lend to borrowers with little […]

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Chris Dodd-patriot

Monday, December 17, 2007

This being a Connecticut blog, and Chris Dodd being the Democratic Senator from Connecticut, it is mandatory that I salute him for his attempt to stop the FISA bill that Harry Reid brought to the floor of the Senate. The Senate invoked cloture, and the filibuster is over. What a leader Harry is. He has […]

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Bad news for New York lawyers

Tuesday, November 20, 2007

Via Susie, we learn that times are tough for associates at New York law firms: New York law firms are cutting associates for the first time since 2001 as the collapse of the subprime mortgage and credit markets causes private equity deal volume and structured finance work to slow. Clifford Chance, the world’s highest-grossing law […]

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Ben Stein: subprime borrowers profited from the mortgage mess

Sunday, November 11, 2007

If memory serves, Ben Stein, who appears to be a semi-Renaissance man, in that he is mediocre in a number of professions, opined that the credit crisis was no crisis at all. (I can’t find a link, as I write this the Times search server tells me that it is temporarily unavailable. In today’s Times […]

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Money for nothing

Saturday, November 10, 2007

Some observations in the last couple of days started me thinking about the many hidden taxes we pay-not to the state or federal government, but to the corporations. After court in Willimantic yesterday, I went to the co-op, and, while I paid for my purchase with a credit (actually debit) card noticed a sign that […]

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Sign of the Times

Friday, November 9, 2007
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