WASHINGTON, DC – The recent governance controversy at JPMorgan Chase has masked a much larger issue. Regardless of Jamie Dimon’s victory in …
ISTANBUL – A simplistic (actually, naive) view of markets is that they exist almost in a “state of nature,” and that the best of all worlds …
BERKELEY – US President Barack Obama has called for additional revenue as part of a balanced plan to reduce future budget deficits. But he i…
LONDON – Almost two decades after the idea was first mooted, the United States and the European Union agreed last week to begin negotiating …
PARIS – In the early phases of the financial crisis, it was fashionable to argue that the United States’ system of regulation needed a funda…
MILAN – Until recently, relatively little attention was paid to states’ balance sheets. Measurement and reporting were neglected. Even today…
VIENNA – As is customary at the start of a new year, imposing statistics and trend forecasts are being trumpeted worldwide. For example, in …
NEW DELHI – Few areas of economic activity in the United States are more politicized than housing finance. Yet the intellectual left has gon…
HONG KONG – November was a month of major leadership changes around the world, including Xi Jinping’s confirmation as China’s top official a…
LONDON – The harmful effects of medicines capture headlines worldwide. After all, horror stories about “killer drugs” are easy to sell. But,…