Monthly Archives: September 2012

Geithner pushing for reform?

According to the Treasury website, one of Geithner’s first acts as chair of the newly created Financial Stability Oversight Council has been to urge the SEC to take up the cause of regulating money market mutual funds once again. The … Continue reading

Posted in Finance and capital markets, Regulation | Leave a comment

Jensen, Marx and the Ouroboros of Shareholder Value

Shareholder value theory was a response in the 1980s to the poor performance of company management in the 1970s (much more on this here).* Academic finance theorists, led by Michael Jensen and colleagues, theorized that the best way to improve … Continue reading

Posted in Finance and capital markets, Organizations, Pensions | Leave a comment

Breaking political news

From America’s Finest News Source: SALT LAKE CITY—Seeking to limit the fallout from a videotaped speech in which he asserts 47 percent of Americans “pay no taxes” and do not take “personal responsibility and care for their lives,” Mitt Romney … Continue reading

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Will you be having the Friskies, or the Fancy Feast?

The White House came out today with its doom report on the mandated cuts that will go into effect if Congress doesn’t agree on some form of deficit reduction post-haste. They have already signaled that they don’t expect these to … Continue reading

Posted in Politics | 1 Comment

On Chicago

I have little to say that Freddie deBoer doesn’t say better here: The reality is that you can’t be pro-education and anti-educator. Not just in the sense that you shouldn’t be, ethically, although I certainly believe that. I mean the … Continue reading

Posted in Education, Public finance | Leave a comment

The OCC all over again

Law scholar Christopher Peterson (best known for his pioneering work on MERS) was among the first to point out the pattern of federal pre-emption of state-level consumer protection. In a 2005 paper, Peterson examined the behavior of the Office of … Continue reading

Posted in Politics, Regulation | Leave a comment

Newt goes to China

Newt Gingrich, speaking to students at Harvard in November 2011: “You say to somebody, you shouldn’t go to work before you’re what, 14, 16 years of age, fine,” Mr. Gingrich said. “You’re totally poor. You’re in a school that is … Continue reading

Posted in Coercive aggregation, Education, Labor | Leave a comment