Big Banks, Flooded in Profits, Fear Flurry of New Safeguards
Dealbook | 18 July 2013
The nation’s six largest banks reported $23 billion in profits in the second quarter…
G20 Backs Fundamental Reform of Corporate Taxation
Reuters | 19 July 2013
The G20 backed a “fundamental” rethink of the rules on taxing multinational corporations…
Foodstamps Are Corporate Welfare
Zero Hedge | 17 July 2013
This ridiculously condescending budget put out by McDonald’s…
Bernanke Says Fed Bond Purchases Not on ‘Preset Course’
Bloomberg | 17 July 2013
Federal Reserve Chairman Ben S. Bernanke said the central bank’s asset purchases “are by no means on a preset course”…
The Screams of Crushed Startups Echo Across Silicon Valley
Wired | 17 July 2013
A reckoning is sweeping through Silicon Valley…
China Growth Slows to 7.5% as 2013 Target Under Threat
Bloomberg | 15 July 2013
China’s economy slowed for a second quarter as growth in factory output and fixed-asset investment weakened…
India Joins Brazil to China in Tightening Liquidity: Economy
Bloomberg | 16 July 2013
India stepped up efforts to help the rupee after its plunge to a record low…
FATCA Deadlines Are Postponed for Six Months
Journal of Accountancy | 12 July 2013
On Friday, the IRS said it was delaying for six months some of the deadlines…
Hong Kong Horse Bets Exceed Las Vegas Casinos’: Chart of the Day
Bloomberg | 14 July 2013
Bets on horse races in Hong Kong are poised to exceed wagers at Nevada’s casinos…
Dark Pools Face New U.S. Disclosure Requirements From Finra
Bloomberg Businessweek | 12 July 2013
Securities regulators approved a plan to require U.S. off-exchange markets…
End of the Peer Show
The Economist | 01 June 2013
Finance is seldom romantic. But the idea of peer-to-peer lending comes close…
$2 Trillion Shadow Economy Not Counted in Jobs Numbers
Yahoo! Finance | 05 July 2013
The labor market is improving, and the shadow economy is growing too…