Markets Archives - Page 682 of 782

Can The Financial Stability Board Live Up To Its Name? :Olin Wethington

The Financial Stability Board (FSB) was formed in the midst of the global financial crisis in order to coordinate urgent international regulatory-reform efforts and ensure greater financial stability and global consistency of rules. Yet today, the FSB continues to be criticised as simply a product of a political statement, lacking the legal standing to enforce or implement any of its mandates. What more can be done to strengthen the role of the FSB?

Tax Dispute Sparks Mass Protest in China

Hundreds of small business owners in an eastern town in China have protested over a tax dispute, in the latest episode of social unrest resulting from growing discontent and economic pressure.

According to a report by the Huzhou Online, a state controlled news portal in the city of Huzhou, Zhejiang, the protests started after a migrant business owner refused to pay taxes and gathered a group to attack a tax collector.

Markets Cheer But Questions and Doubts Remain After EU Debt Deal

Bourses worldwide have surged following the European debt breakthrough, but economists warn that the deal falls short of a permanent solution.

The markets are clearly relieved after the good news from Europe.

Survey Finds One in Five Women Never Had a Mentor

LinkedIn, the world’s largest professional network with more than 120 million members worldwide, recently released the findings of a study it conducted to learn more about women and their attitudes toward mentoring.

The survey results were unveiled during the Pennsylvania Conference for Women, the largest women’s conference in the state with more than 5,000 attendees.

Is Occupy Wall Street Bringing Back “Real” Capitalism?

Modern capitalism, as we know it, is a sick and distorted perversion of its true origins. Since the 1980s, the form of capitalism that has dominated western economies has been one where large corporations and most financial institutions are able to privatize their gains whilst socializing their losses. The recent Occupy Wall Street movement, as such, isn’t so much as a retaliation against capitalism, but rather against its modern incarnation.

EU Confirms 1 Trillion Euros Bailout Fund, 50% Greek Writedown

After marathon talks and emergency meetings, the European Union has finalized a deal that is set to contain the growing debt crisis.

Following a series of emergency meetings and crisis talks, Europe’s leaders have unveiled the latest “grand plan” that would finally fix the mess.

Infographic: Prison Spending vs. Education Spending in the US

It costs the state of New Jersey more money to incarcerate just one inmate in prison for a year than to fund one Princeton’s student tuition fees during the same period in college. Across the US, there has been a disturbing rising trend whereby more and more money is being spent on the prison system as compared to education spending. The US also has the highest incarceration rate in the world, with nearly 25 percent of the world’s prisoners being found in the country.

The American Economy Is In Danger of Stalling: Mohamed El-Erian

Stall speed is a terrifying risk for an economy like that of the US, which desperately needs to grow robustly. However, The private sector alone cannot and will not counter the risk of stall speed. What is desperately needed is better policymaking. But US policymakers are at an impasse, and unless they can break this impasse, the greater the risk for the US economy.

China Sees “Great Potential” in Economic Cooperation with North Korea

According to Chinese state media, the amount of Chinese trade with its isolated North Korean neighbor has more than doubled in the first seven months of this year compared with the same period in 2010.

While various international sanctions have reduced North Korea’s foreign investment to a dribble, China has doubled its trade volume with the impoverished country.

Development, But At What Price? Lessons from the Happiest Place in Asia

At last month’s UN General Assembly, Bhutan’s Prime Minister denounced what he called a “monster of a consumerist market economy” that “enslaves humanity and thrives on the insatiable nature of our greed,” urging instead for an alternative form of economic governance that shies away from the indulgent emphasis on GDP. EconomyWatch spoke to Bhutan’s Chief Planning Officer, Mr. Karma Galay, and found out exactly what the nation sees as a viable and sustainable form of alternative development.