Recent Posts

Amazon’s losing cities can still win

Congratulations! There is a very good chance your city is one of 237 runners-up in Amazon.com Inc.’s competition for a second North American headquarters. True, your town, city or region won’t be getting 50,000 new jobs, an estimated infusion of $38 billion to its economy or a skyline dotted with crystal biospheres. But don’t despair: This bidding process for Amazon’s ...

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The way to fix the Volcker Rule

The Trump administration is taking aim at the Volcker Rule, one of the core elements of the Dodd-Frank financial reform, saying it’s too complex and burdensome. That’s true, but improving the rule shouldn’t mean weakening it. The rule has a vital purpose: denying taxpayer subsidy to speculation. It therefore bans speculative trading at financial institutions with access to federal deposit ...

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It’s going to stay a Yellen Fed no matter who gets the job

It’s going to be Janet Yellen’s Federal Reserve no matter who is the next chair. With every headline, financial markets get jolted as investors guess whether US President Donald Trump will re-nominate Yellen to the helm of the US central bank or opt for a more hawkish successor such as Stanford University economist John Taylor. Fed chairs matter. If credible, ...

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