Where these people will go after government is hard to predict, but the odds are pretty high that they will return to their corporate, and highly profitable, roots.
In a world where D.C. politics have ground to a dysfunctional halt, where the Euro continues to struggle on the precipice of failure, and where the growth rate of China is grinding downward, the head of the Fed has become a figure of global importance.
Beyond this case, a new question needs to be addressed: how accountable are the superiors of failing employees? Are employees supposed to second-guess the instructions they receive from their superiors?
Republicans lost the White House. They lost an opportunity to control the Senate. They lost seats in the House, though they remain the majority there. Yet it is their plan, from that minority position, to sustain their sink-middle-class-boats economic policies and scuttle all attempts to change course.
In one of the most notable policy shifts in the startup world in years, the SEC vote to lift the ban on general solicitation in the JOBS Act means that startups can now publicly market their fundraising intentions.
The SEC has adopted long-awaited final rules which will allow companies to raise money in a private placement through general solicitation or advertising. While on its face this is a welcome development for companies seeking greater access to capital, the SEC has taken questionable steps that have the potential to eviscerate its potential benefits.
It is official -- on July 10th, 2013 the Security and Exchange Commission (S.E.C.) lifted the ban for private offering advertising. This means that on...
What? Soliciting is okay now? Yes, at least as far as startups and angel investors with what the Securities and Exchange Commission (SEC) calls "general solicitation."
The brokerage industry pays lip service to the idea of adding customer protections. But behind the scenes, financial services executives are waging a stalling war on any new requirements.
The pope points out that in ideologies that are grounded in the drive for power and for possessions a rejection of both God and others and an attitude that considers ethics as a nuisance.
The oil giant BP paid for cleanup and compensation for their massive Gulf oil spill, and rightfully so. But was this a "necessary and ordinary cost of doing business" that deserved a $10 billion tax break? I think most of us would respond with a resounding, "no!"
In 2012 Pfizer reported its worldwide effective tax rate was 21.2 percent. That is considerably lower than the U.S. statutory rate of 35 percent, but it is far above the single digit rate you might expect if Pfizer shifted most of its profits into tax havens.
We have a signed federal law allowing Americans to access securities crowdfunding, as per the JOBS Act. But as usual, Congress passed the baton to t...
The more that insider government trading and job swapping spreads, the more the public will detest the ties between Wall Street and Washington.
The Billionaire's Apprentice: The Rise of the Indian-American Elite and the Fall of the Galleon Hedge Fund is a seminal work that captures the realities of race and greed in America with refreshing objectivity and efficiency, and a book that everyone should read.
Unfortunately for Chair White, her predecessors' mishandling of the JOBS Act rulemaking to lift the ban on general solicitation in private offerings has left her with an uncomfortable choice between speeding implementation of that rule and ignoring her commitment to follow the economic analysis guidelines.