In their 21st-century role as counterparty/dealer/insurer of last resort, central bankers must not simply use their balance sheets indiscriminately to provide a liquidity backstop during the downturns. They must embrace this counterparty role as an umpire, rather than an enabler.
Read more...The first Ocean Cleanup Array is scheduled to launch from San Francisco Bay tomorrow. Target: the Great Pacific Garbage Patch, a major ocean plastic accumulation zone more than three times the size of France.
Read more...Understanding Supreme Court nominee Brett Kavanaugh’s potential impact on corporate regulation and the climate means looking back all the way to 1890, to the era of Lochner v. New York and the robber barons.
Read more...In one small step toward reducing waste in the fashion industry, Burberry has announced it will cease burning unsold goods and using animal fur in its products, with immediate effect.
Read more...Advocates exaggerate claims that privatization would reduce governments’ fiscal problems while ensuring more efficient, productive, and competitive economies by promoting private entrepreneurship, innovation, and investments.
Read more...The US military disproves the notion “the conventional army loses if it does not win,” and now wins simply by not losing.
Read more...Second Circuit last week narrowed the reach of the Foreign Corrupt Practices Act, but will not redirect the DoJ to focus on enforcement of more significant violations that occur closer to home.
Read more...Inept political maneuvering by Prime Minister Justin Trudeau has turned what was a longstanding controversy in Canada over Kinder Morgan’s Trans Mountain pipeline project into a complete and utter quagmire.
Read more...Talks kick off in New York on Tuesday to negotiate a UN treaty on the high seas by 2020; this would extend the existing law of the sea framework beyond each nation’s territorial waters.
Read more...To diversify from the euro-debt-crisis, the biggest Spanish banks pushed deeply into Emerging Markets. Now, they’re in a new crisis.
Read more...RBI annual report reaffirms demonetization had little impact on ferreting out black money; BJP majority blocks release of scathing parliamentary standing committee on finance report on the policy’s failure.
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