Debt Dilemma

<正>The United States faces tough choices of running deficits or limiting government Now that the U.S.Federal Government has reached     

Regulatory Sloth and Activism in the Effervescence of Financial Crisis

Certain financial market practices, previously denied or disregarded by financial market regulators, are being redefined as candidates for active investigation and enforcement. This article contrasts the passive stance of the U.S. Securities and Exchange Commission vis‐à‐vis the Madoff fraud with its relatively diligent but now settled Complaint against Goldman Sachs. The article also explores compromises in the EU's approach to market regulation of information asymmetry, suggesting that grounds for pessimism outweigh those for hope. The introduction sets the context, describing aspects of the first leg of the crisis (states bail out banks) and the second leg (states themselves come under strain).     

China Looms Large in U.S.Presidential Campaign

<正>Presidential candidates look to score points with voters by blaming China for the slow economy The passage of the Currency Exchange Rate Oversight Reform Act by the U.S.Senate,which penalizes China for its "fundamentally misaligned" currency,     

QE3 No Quick Fix For U.S.

<正>Another round of quantitative easing could lead to rising inflation and slow growth Although Fed Chairman Ben Bernanke did not announce another round of quantitative easing (QE) during his speech at the annual Jackson Hole,