According to a Reuters report, French economy minister Christine Lagarde today applauded President Obama’s call for more regulation of the U.S. financial sector. “I am delighted that [the] president of the United States is following our lead,” she added. In a possibly related story, the Dow Jones yesterday dropped by …
Fostering diversity in, and minority access to, channels of communication has long been a key goal of the Federal Communications Commission. In practice, this all too often has been interpreted to mean ownership limits, set-asides, preferences and other mandates imposed by the agency. Usually lost in the heated debates is …
According to a report recently submitted to Congress by the Congressional Research Service over 1,000 regulations written by federal agencies over the past decade may be invalid. The reason: copies of the rules were never given to congressional oversight committees as required by law. As a result, pending enforcement cases …
A late end-of-year entry for the 2009 Claude Raines Award goes to a study just released by two economists at the University of Michigan finding that banks with political connections were more likely to get TARP funds than those without them. “Our results show that political connections play an important …
With the advent of new technology, newspapers are being threatened. Many are expected to go out of business, and the rest will have to change substantially. Many observers fear that journalism will become too driven by speed, and that judgment and deliberation will be lost. Others said that news reporting …
