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Commentary & Opinion

August 31, 2015 Central banks can’t save the markets from a crash. They shouldn’t even try

Source: The Guardian

Like children clinging to their parents, stock market traders turned to their central banks last week as they sought protection from the frightening economic figures coming out of China. Surely, they asked, the central banks...

August 31, 2015 Bond Market Anxieties Divide Wall Street on Fed's Next Move

Source: Bloomberg

Dominic Konstam isn’t sure about Deutsche Bank AG’s forecast that the Federal Reserve will raise interest rates in September -- and he works there.

August 31, 2015 3 reasons markets lost faith in China’s economy, at a glance

Source: Washington Post

For decades, Chinese economic policymakers have drawn praise for keeping their economy growing strongly through turbulence, such as the Asian financial crisis of 1997-1998 and the worldwide financial tumult of 2008. But investors...

August 24, 2015 China has room to grow, but only with reform and better governance

Source: Financial Review

Reading the latest Chinese growth projections to 2050 brings to mind Karl Marx's aphorism that history repeats itself first as tragedy, second as farce. One of the co-authors, a Yale economics professor, told the Financial Times...

August 24, 2015 10 years later, New Orleans visit brings back horrors of Hurricane Katrina aftermath

Source: Daily News

NEW ORLEANS — Ten years ago, I sat in the rear of a 14-foot fiberglass fishing boat cruising through the foul-smelling black waters left behind by a hurricane named Katrina.

August 13, 2015 China Is Already Doing Janet Yellen's Job for Her

Source: Bloomberg

A strong currency has created headwinds for the U.S. economy through a range of channels. Latest actions of the Chinese central bank will intensify the negative impact by fostering more dollar appreciation. The U.S. already runs...

August 13, 2015 EPA's Toxic Spill Shows It's Still The Worst Regulatory Agency In History (But Perhaps I Understate)

Source: Forbes

An EPA cleanup crew on August 5 accidentally caused a breach in an abandoned gold mine in the southwestern part of Colorado, spilling three million gallons of highly toxic mining waste that contaminated waterways in Colorado and...

August 13, 2015 The simplest fix to Social Security

Source: CNBC

You would think sharing information about Social Security benefits would be simple. After all, the system is pretty straightforward: You contribute while you work, and after you retire you collect until you die. But when it comes...

August 7, 2015 Labour(UK) has treated the environment as an afterthought – that needs to change

Source: The Guardian

Labour didn’t do enough to communicate our policies on the environment in the last Parliament. We failed to capitalise on commitments we had made to protect nature and decarbonise the UK economy. We needlessly gave the Green...

August 7, 2015 The big flaw in the SEC’s CEO pay-ratio rule

Source: Fortune

The U.S. government's new rule is a good idea, but the formula is flawed. Five years after it became law, the Securities and Exchange Commission has finally adopted a rule requiring public companies to disclose their CEO's pay as...

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