Global megabanks are pushing back hard against the idea that additional reforms are needed -- beyond what is supposed to be implemented as part of the Dodd-Frank 2010 financial legislation. The latest salvo comes from Goldman Sachs which, in a recent report, denied there is any such thing as downside protection provided by the official sector to creditors of "too big to fail" financial conglomerates. The Goldman document appears hot on the heels of similar arguments in papers by such organizations as Davis Polk, the Bipartisan Policy Center, and JP Morgan Chase. This is not any kind of conspiracy but rather parallel messages expressed by people with convergent interests, perhaps with the thought that a steady drumbeat will help sway the consensus back towards the banks' point of view. But the Goldman Sachs team actually concedes that too big to fail does exist -- punching a big hole in the case painstakingly built by its allies.
Reasonable people would agree that a bank having a history of involvement with fraud and mismanagement (and a recipient of one of the largest bank bailouts) shouldn't be writing bank legislation. Unless, of course, you are the U.S. Congress doing business as usual.
Tonight we found out that Bob is not truly a product of the great state of Wisconsin (your loss, Cheddarheads). His identity is as thin and fragile as the pathetic map tacked up on his office wall.
Washington's urge to take control of the global communications environment, lock, stock, and chat room, to gather its "data" -- billions and billions of pieces of it -- and so turn the world into a secret set of connections, represents a remarkable development.
This is in an attempt to spare both you, my fine male friends, as well as myself and other women, the cringe-inducing effects of such attempts at, um, seduction.
Even in this day of fragmented audiences and decimated newsrooms, major news organizations still have the ability to spark a national conversation around a given issue, by putting experienced, tenacious beat reporters on the story. So what's needed is a new beat, to cover secrecy itself.
If the Obama administration wants to engage a new Rohani administration effectively, and to put U.S.-Iranian relations on a more positive trajectory, it will need to overhaul U.S. policy in four fundamental ways.
It shouldn't just be left to politicians and community organizations to tackle the world's problems -- businesses should help, too. Although individually lots of businesses do great things, collectively they could be far more powerful and do much more good.
I believe the iron triangle applies to almost every human endeavor. From throwing a party to keeping a marriage alive for 28 years, no plan survives its first encounter with reality. The only real question is which corner of the iron triangle am I going to compromise on?
In this case the strong support of the public for these programs -- which cuts across party and demographic lines -- overcame the power of corporate money and the political elite. When push came to shove, not enough politicians were prepared to go against the strongly held views of their constituents.
Anyone who has been paying attention knows that bureaucrats throughout the government are routinely abusing their power to advance their ideology and that of the current administration. Nowhere is this more obvious than in the administration's aggressive obstruction of American energy.
This month's Dating Faux Pas Prevention continues with another subject of concern to many; what are the two of you going to talk about on that first date?
Drug war supporters think Americans might tear apart the fabric of society if we were legally allowed to consume whatever plants or chemicals we chose. This is not based in fact.
Tesla's repayment of a Department of Energy loan nine years ahead of schedule is welcome news and another indication that use of electric vehicles is growing -- both here and around the globe.
We may be headed towards Round 2 of the gun control fight, in which case the NRA will begin kicking and screaming about how expanding the national criminal background check system will ultimately lead to the confiscation of guns. But is the argument really about "constitutional rights"? Or is the real argument about something else?
Now, I love Superman but I will not be preaching about how Superman is like Jesus. There won't even be a children's sermon. Why? Violence. That's why.
Recent history and the current intelligence on the ground supports the conclusion that the risks are just too great. After over a decade of war overseas, now is not the time to arm an unorganized, unfamiliar, and unpredictable group of rebels.
Last year I wasn't as smart or as old. This year, on the occasion of my birthday, I'm making notes. I want to remember what I've learned.
With the San Antonio Spurs leading the NBA Finals 3 games to 2, the question becomes, can Spoelstra respond? Will he stay with a smaller lineup, or will he re-insert Chris Andersen for some much-needed shot blocking?
The stress epidemic has gone uncontested for too long. We can change that by becoming a nation of first responders, creating a social movement of people who reach out when someone is in need, who talk and listen, not look the other way, who can be Stress Lookouts and Disrupters.
We have almost reached a tipping point where majorities of Americans who want government to be on their side look in vain for a government that actually serves them.
If EU and the U.S. can show that we want to open markets and resist protectionism even in this moment of crisis, it will send a powerful signal to the rest of the world about the continuing strength of the international economic order.
As the fiscal picture has improved, both through actions we've taken already and the improving economy, it's much tougher to make the hair-on-fire urgency case that drove this benighted debate in recent years.
Malala Yousafzai -- the 15-year-old Pakistani girl militants tried to assassinate -- is the first signatory of a new worldwide petition launched today after terrorists, hell-bent on preventing girls being educated, murdered 14 students at an all girls' college in Pakistan.
For too long we've exclusively emphasized punishment for non-violent offenders over treatment and rehabilitation. The current system is unbalanced, unsustainable, and unnecessarily cruel. It's time to legalize or at the very least, decriminalize all drugs.
Today, the Obamas saw a Belfast transformed by two decades of peacemaking which only bore fruit because of the dogged determination of Irish America. President Obama reaffirmed America's commitment to stand with the peacemakers of Belfast as long as we continue to push forward.
Our jobs conference in early June covered a wide variety of potential solutions to what we call the jobs emergency, from major macro policies to local activist ones. Given how little is done in Washington to solve the problem, it is stunning how many good ideas are out there.
Fresh from such a stunning upset, Rowhani will need quickly to show Iranians some results, in particular on the economic front. Rowhani now needs to persuade supreme leader Khamenei to give him the running room to try a new approach.
The first step towards getting a boss to loosen her grip is to remove any possibility from her mind that she needs to be that way. Get to work on time. Meet deadlines. Be productive. Make clients happy.
Every dog has his day, and this Friday, June 21, just happens to be a really big one. It's Take Your Dog to Work Day, your four-legged friend's turn to prove who is truly the boss.