Posts Tagged ‘United States’

Fast-Track-to-TPP-600x467

Special mention

162790_600 Tom Toles Editorial Cartoon - tt_c_c150417.tif

Revolving_Door_Sign

Apparently, the door between Wall Street and the U.S. government agencies in charge of regulating Wall Street continues to revolve. Former Federal Reserve chair Ben Bernanke is the latest to walk through the door.

For eight years, Ben S. Bernanke, the former Federal Reserve chairman, was steward of the world’s largest economy. Now he has signed on to advise one of Wall Street’s biggest hedge funds.

Mr. Bernanke will become a senior adviser to Citadel, the $25 billion hedge fund founded by the billionaire Kenneth C. Griffin. He will offer his analysis of global economic and financial issues to Citadel’s investment committees. He will also meet with Citadel’s investors around the globe.

It is the latest and most prominent move by a Washington insider through the revolving door into the financial industry. Investors are increasingly looking for guidance on how to navigate an uncertain economic environment in the aftermath of the financial crisis and are willing to pay top dollar to former officials like Mr. Bernanke.

Mr. Bernanke joins a long parade of colleagues and peers to Wall Street and investment firms. After stepping down, Mr. Bernanke’s predecessor, Alan Greenspan, was recruited as a consultant for Deutsche Bank, the bond investment firm Pacific Investment Management Company and the hedge fund Paulson & Company.

Last month, Jeremy C. Stein, a former Fed governor, agreed to join the $20 billion hedge fund BlueMountain Capital Management, where he will advise managers on issues like financial regulation, risk and the implications of the Fed’s monetary policy. Mr. Stein resigned from the Fed last May to return to his tenured professorship at Harvard’s department of economics.

www.usnews

Special mention

162646_600 162696_600

Low Wage Protest

Protests for pay of at least $15 an hour and a union for fast-food and other low-wage workers (including adjunct professors) are taking place around the United States today, marking the biggest effort yet in an ongoing campaign by labor organizers.

In addition to the protests in the US, workers in 123 cities in 35 countries were expected to join the demonstrations in the first worldwide coordinated strike.

“Workers occupied a McDonald’s in Glasgow, stormed a McDonald’s restaurant in Sao Paolo and blockaded a McDonald’s in Paris, holding a six-meter long sign that read, ‘Stop Social Destruction and Tax Avoidance’,” organizers said in a statement.

The world-wide protests were coordinated by the International Union of Food Workers.

162591_600

Special mention

TMW-13-4

David Simonds cartoon showing oil firms preparing for mergers

Special mention

162566_600 jeffstahlercartoon-sunshinestatenews_8

552422e223fc2.image

Special mention

kos-rahm d8hQr.AuSt.79