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Corporate Europe must improve compliance

Financial Times - European companies are adapting too slowly to the regulatory environment, potentially giving an advantage to US corporations. /…/ The so-called “long arm” of US law and years of coping with hostile legal and political environments has driven US corporations to build compliance programmes that are stronger and more far-reaching than their European counterparts.

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Anatomy of a Meltdown

New Yorker - Bernanke, though, remains remarkably calm. He is unapologetic about the alterations to the bailout plan, arguing that changing circumstances demanded them, and he is relieved that the Treasury Department and Congress are now leading the government’s response to the crisis. Despite grim news on unemployment, retail sales, and corporate [...]

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Beware the Obama Hype

Dissident Voice - “Blair can be a beacon to the world,” declared the Guardian in 1997. “[He is] turning leadership into an art form.” Today, merely insert “Obama”. As for historic moments, there is another that has gone unreported but is well under way — liberal democracy’s shift towards a corporate dictatorship, [...]

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Can we go up again? The world economy

Financial Times - Reasons for hope exist in the world economy but there are also grounds for fear. The big danger is that a severe global economic downturn creates a massive second wave of credit losses on consumer and corporate loans, which further devastates the eroded capital bases of banks and other [...]

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