Banking

Global Cyberattack: What We Need to Worry About?

 06/28/2017 - 06:00
An engineer checks live cyber threat maps and statistics at his office in Istanbul, Turkey, 27 June 2017. EPA/ERDEM SAHIN

Most damaging acts of cyber aggression have not been 'acts of war' according to the rigid standards of international law. Thus governments and international organisations struggle to prescribe an effective response to cyber actions -- even as they continue to cause grave economic, social, and political harm, Oxford expert says.  

Wednesday, June 28, 2017 - 5:30am
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[OP-ED]: America’s postindustrial blues

 06/22/2017 - 09:43
Says Richard Reeves of the Brookings Institution in his new book “Dream Hoarders.” We should not be surprised that 58 percent of whites and 67 percent of whites without a college degree voted for Trump.

Ever since Donald Trump’s election, a cottage industry of politicians, journalists, scholars and commentators has sought to understand what motivates Trump supporters. Theories have ranged from globalization to a rebellion against Washington elitism to racism. But the true cause may have been overlooked: the “postindustrial society.”

Thursday, June 22, 2017 - 9:30am

[OP-ED]: Preparing for the next panic -- or not

 06/06/2017 - 17:15
The “American economy will need a coordinated response, particularly if the entire financial system suffers a panic or lack of liquidity.” Bankruptcy judges cannot provide this response. It is best left to the Treasury, Federal Reserve and FDIC.

When the next financial crisis hits -- an event that may be years or decades away -- we will learn whether this Congress and the president drew the right lessons from the 2008-09 financial crisis. Congress is arguing over whether government can avoid “bailouts” of large financial institutions and still prevent a full-blown crisis. With all of President Trump’s trials and tribulations, hardly anyone is paying attention.

Tuesday, June 6, 2017 - 5:00pm

Goldman Sachs “Hunger Bonds” is the fuel that the regime of Nicolás Maduro needed in Venezuela

 06/01/2017 - 12:42
A person holds a poster that read “Goldman Sachs sucks”, during a demonstration against US investment firm Goldman Sachs in rejection of the alleged purchase of $ 2.8 billion in bonds from the Central Bank of Venezuela in New York, United States on May 30, 2017. EFE/Andrew Gombert

According to a Wall Street Journal report, the US investment bank, Goldman Sachs, last week made a purchase of bonds issued in 2014 by the Petroleos de Venezuela Company, worth $ 2.8 billion.

Thursday, June 1, 2017 - 12:15pm
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[OP-ED]: The real Dodd-Frank scandal

 02/14/2017 - 09:53
Like many others, Geithner -- a critical player in containing the breakdown -- doubts the United States faces “a major financial crisis anytime soon.” To justify this, he offers both statistics and common sense. Foto: today.com
 
 

Comes now Timothy Geithner, treasury secretary from 2009 to 2013, to tell you that much of what you “know” about Dodd-Frank -- Congress’ response to the 2008-09 financial crisis -- is wrong. It’s a timely review because the Trump administration is promising to overhaul the law. The title of Geithner’s essay, carried in the current issue of Foreign Affairs, is simple: “Are We Safe Yet?” The answer is not so simple.

Tuesday, February 14, 2017 - 9:35am
Plain Text Author: 
Robert J. Samuelson

Underbanked

 12/01/2016 - 05:46
EFE/Archive

More than one-quarter of Americans don’t have adequate access to basic banking tools, such as checking accounts, credit cards, or loans for instance. Mostly all of these people belong to communities with low incomes, with less than a college degree, and minorities.

Depending on alternative products such as payday or auto loans to make ends meet, increase their risk of marginalization. 

Thursday, December 1, 2016 - 5:36am