How to Fix Financial Services Regulation

May 15, 2012, 10:00 am EDT

Want a very quick solution to the privatized gains and socialized losses of modern financial services…?

As I was reading of yet another spectacular mismatch between bank managers’ competence and their remuneration, and this time at JPMorgan (NYSE:JPM) no less, I realized there is a simple solution which really could be implemented.

Make the cost of regulation zero — or very nearly —  for unlimited liability partnerships. Then let judicious self-interest, exercised by the partners themselves, do the rest. Read 

Ron Paul Finished Spending on Campaign

May 14, 2012, 5:29 pm EDT
Ron Paul Finished Spending on Campaign

Ron Paul may be the last man standing against Mitt Romney in the Republican presidential primaries, but it is becoming increasingly clear that he doesn’t have much of a leg to stand with. The latest proof? Paul has announced that he will no longer be spending money to campaign in states that have yet to hold their primaries.

Paul, who has won 99 delegates to date, released the following statement today:

We will continue to take leadership positions, win delegates, and carry a strong message to the Republican National Convention that Liberty is the way of the future. Moving forward, however, we will no longer spend resources campaigning in primaries in states that have not yet voted. Doing so with any hope of success would take many tens of millions of dollars we simply do not have. Read 

High Oil Prices: The Truth About A Misguided Witch Hunt

May 14, 2012, 10:30 am EDT

It has been less than a month since President Obama declared war on those evil oil speculators.

Standing in the Rose Garden on April 17th, the president laid out a $52 billion initiative to increase federal supervision of oil markets in an effort to crack down on oil price spikes.

At the time, oil was trading at $117.41 a barrel and $5 a gallon gas seemed all but inevitable. Read 

GOP Targets Young Swing Voters

May 14, 2012, 10:04 am EDT
GOP Targets Young Swing Voters

With the economy still showing lackluster growth and the unemployment picture improving only modestly, Republicans have decided to go after President Obama’s most devout voters — those still in, or recently graduated from college.

College-aged voters flocked to Obama during the 2008 campaign, and the president continues to enjoy strong support from those under 30. However, the economic downturn has hit recent college graduates especially hard.

With unemployment among the recently-graduated still near an all-time high, and current college students increasing worried about the job prospects after graduation, Republicans think they have an opportunity to sway younger voters away from the president this time around, the Associated Press says. Read 

Clooney Raises $15 Million for Obama

May 11, 2012, 9:31 am EDT
Clooney Raises $15 Million for Obama

President Obama had a very good night with George Clooney.

The Ocean’s Eleven star hosted a private fundraiser for the president at his Los Angeles home Thursday night, raising almost $15 million for the president’s re-election campaign, Fox News reports.

The event drew high profile creative talent including Robert Downey Jr., Tobey Maguire, Jeffrey Katzenberg and Barbara Streisand. Read 

5 of the Most Powerful Women in U.S. Politics

May 10, 2012, 8:30 pm EDT
5 of the Most Powerful Women in U.S. Politics

Since the 19th Amendment granting women the right to vote was passed more than 90 years ago, great strides have been made in the realm of political equality.

In that time, we have seen the first female Cabinet member (Frances Perkins, appointed Franklin D. Roosevelt’s Secretary of Labor in 1933), Supreme Court justice (Sandra Day O’Connor) and the first major party vice presidential nominee (Geraldine Ferraro), among many other milestones.

Today the political glass ceiling continues to crack, with women holding key roles on the Supreme Court, in Congress, in the White House and across the media. Female Supreme Court justices, senators, congresswomen, Cabinet members and political pundits exert powerful influence in Washington. Read 

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