Here is just a clutch of good randomness that has been accumulating on my desktop…
PS featured image is Simon Johnson.
Bucknell and Truth
Bucknell gets unexpected reward for being honest about a mistake. Is this worthy of an ethical snap?
What the hell is net neutrality? Baratunde Thurston one of our tech/no speakers, explains it so well, it got picked up by Raw Story. I love how Bucknell can be a producer of information and wisdom and not just a user.
Organization Theory is Cool
A book review about organization theory I really need to read. Orgtheory.net is the one blog I wish I read more.
Learn from Nice Rich People
We are drowning in deficit! (are we?)
Change Doesn’t Happen. Until it Does.
From AFL-CO vs Home Depot, through Frank-Dodd, to Citigroup. Is corporate governance and executive compensation changing? Maybe. Read abotu some pretty big changes at the link.
Is a Tax Better than Regulations?
You want policy ideas? You like finance? You dislike “regulation” that tries to dictate firm behavior? Try this one. Instead of trying to tell financial firms what they can or can’t do, how much capital to have on the books, and so on, how about you tax a vice- like we do with alcohol and tobacco- and simply tax financial transactions to make trading for the sake of microscopic gains on immaterial price shifts non-economic? Read. here about Europe’s experiment with a different, and I would argue, less intrusive form of regulation to change financial markets and firms.
You want even more financial regulation news?
You are really, really troubled. I hope Vinny, Loukas, Mike, and… (who else are finance jocks?) are reading this. Simon Johnson. yes, THAT Simon Johnson, had this blog post about the 12 “angry bankers” of the Fed and their ideas to push for transparency in money market fund valuations as part of the (yes, that same one) Frank Dodd bill reforms that created the systemic risk council. In a nutshell, the financial industry does NOT WANT such valuation while the regulators do.
I am never surprised when practicing “capitalists” fight against actual free markets (with liquidity and transparency). Businesspeople are often, perhaps usually anti-capitalist if you define capitalism not as maximum wealth accumulation, but as free markets that expand the prosperity of a society. Am I alone in seeing this?
- Simon Johnson: “Some of These Institutions Have Become Too Large” (huffingtonpost.com)
- Goldman Sachs Releases Dodd-Frank Act Stress Test Disclosure (fool.com)
- Does Dodd-Frank really end ‘too big to fail’? (washingtonpost.com)
- Baratunde Thurston explains what the hell net neutrality is (rawstory.com)
- HedgeFundMarketing.org Forecasts Bigger Legal Departments in Wake of New Regulations (prweb.com)
- New SEC Chief Arrives with Gold-Plated Resume, but Much of Dodd-Frank Remains Unimplemented (forbes.com)
- Comedian Baratunde Thurston – ‘Perception and Comedy’ (fora.tv)
- FCC Chairman takes the hot seat at wireless gathering (reviews.cnet.com)
- $ustainability (bizgovsocvii.wordpress.com)