If, as an effort at satire, I had written the story that the New York Times’ “Deal Book” has just written about what JPMorgan’s board of directors has just actually done, people would have dismissed my piece as absurdly over the top. The board has decided to increase Jamie Dimon’s compensation substantially. The reason the board gives (in leaks to Deal Book) must have resonated with Deal Book because it is the theme song that Deal Book has been singing for months, another “‘somebody done Dimon wrong’ song.”
In my recent column I tried to convey a bit of courage, competence, and craziness that Jim Cirona displayed and had to deal with as a top regional regulator during the savings and loan crisis.
In the Washington Consensus praised that focus government expenditures on health, education, and infrastructure. The policies also champion an idea most identified with the conservative economist Hernando de Soto – making it far easier for entrepreneurs to start new businesses. President Correa is the leader who continues to surprise his friends and foes by taking steps that make economic sense even if they are identified with the “right” while keeping a relentless focus on the needs of the poor. That focus on the poor comes from Correa’s Catholic social justice beliefs that the Pope has recently been returning to centrality.
By William K. Black I have concluded that the journalists who write for the New York Times’ “Deal Book” are incapable of embarrassment or introspection. I have waited in vain for Andrew Ross Sorkin to make a New Year’s resolution … Continue reading →
Portes as the poster child for the failure of econometrics and neoclassical dogma
The Wall Street Journal has written it’s latest “just so” article about how leftist Latin American leaders (Argentina, Brazil, and Venezuela) are bad and rightist Latin American leaders (Chile, Colombia, Mexico, and Peru) are wonderful.
No one can know the strengths and weaknesses of an elected official as well as his close aides. The official, unintentionally, reveals a great deal about himself when he chooses those aides.
Wednesday, December 18, 2013, the Kansas Board of Regents drastically curtailed tenure and academic freedom. The state attorney general aided this action.
No one expects Andrew Ross Sorkin’s slavish “Deal Book” lackeys to demand that the elite Wall Street bankers whose frauds drove the financial crisis be imprisoned, but the slavishness to the banks revealed when major news stories emerge continues to irritate if not surprise. A recent embarrassment
A number of experts in law and state politics have written to emphasize the enormous slog that lies ahead for proponents of marriage equality. As a lawyer who knows a bit about politics I share their concerns. But employing my economics “hat” I wish to offer this encouragement – we have passed the tipping point in economics that ensures eventual success in securing marriage equality throughout the United States.