By Jonathan Bernstein – The technical issue is “standing.” For the courts to consider a lawsuit, the person or group bringing the suit has to show they were harmed in some direct way.
What Boehner is claiming now is that Congress, or the House of Representatives in this case, should be able to sue the president for not following the law if no one else would be able to do so.
If that succeeds, however, the big winner in the long run wouldn’t be Congress. It would be the courts. more> http://tinyurl.com/mgsrs3e
Posted in Media, Leadership, Business, Regulations, CONGRESS WATCH
Tagged Regulations, Organization, Government, United States, Barack Obama, Congress Watch, Leadership
By Stephen L. Carter – The only reasonable interpretation is that the fundraisers believe — or believe that their targets believe — that there is something wrong with profit, that the proprietors of a for-profit firm are less admirable than those who run companies pursuing other goals.
That’s why the fundraisers have been so careful to remind their targets that Hobby Lobby is a for-profit company. They are hinting that profit is different from other motivations. Less noble. Maybe even wicked. more> http://tinyurl.com/lglhlhp
Posted in Media, Economy, Leadership, Business, Education, Regulations
Tagged Regulations, Organization, First Amendment, Government, United States, Business, Leadership, Profit
By Leonid Bershidsky – The general manager of the Basel-based Bank for International Settlements, Jaime Caruana wants to remove the punch bowl from a party that other monetary policymakers claim hasn’t gotten started.
The consensus among these policymakers, who have actual responsibility for economic performance in their respective domains, is that monetary easing is necessary, too-low inflation is evil and tighter supervision of banks will suffice to stave off future financial crises.
For the second year in a row, Caruana’s lonely voice is being drowned out by a Keynesian  chorus. more> http://tinyurl.com/prrsywu
Posted in Banking, Business, Economic development, Economy, Leadership, Regulations
Tagged Business, Capital, Financial crisis, Government, Industrial economy, Leadership, Monetary policy, Organization, Super regions, United States
By Devjyot Ghoshal – It’s not easy to bring five world leaders together, get them to negotiate a landmark deal and have them all leave happily.
But something like that may have just happened in Fortaleza, Brazil.
Leaders of the BRICS—Brazil, Russia, India, China and South Africa—met for their sixth summit, and hammered out an agreement to establish a new development bank.
The New Development Bank (NDB), as it’ll be known, is being pitched as an alternative to the World Bank and IMF, mostly because the two Bretton Woods institutions remain dominated by western powers. more> http://tinyurl.com/oxmzjym
Posted in Banking, Business, Economic development, Economy, Leadership
Tagged Banking reform, BRICS, Capital, Financial crisis, Government, Industrial economy, Monetary policy, NDB, Super regions