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.
Permitting Tea Party, left-wing, libertarian, middle-of-the-road -- whatever -- groups to define themselves as untaxed social welfare organizations that may accept unlimited, untaxed, secret corporate gifts and sponsor political ads is a sarcoma on democracy.
Republicans again have it all wrong as they bring to the House floor the SEC Regulatory Accountability Act, or the so-called SEC "cost-benefit" bill. The bill seeks to not only undo Dodd-Frank, but all financial market regulation past, present, and future.
Nikola Tesla wrote once, "The present is theirs; the future, for which I really worked, is mine." I can see this being quoted by any supporter of equi...
In 2009, my friend Mike was getting into bitcoin and I remember him explaining the whole concept to me: A virtual currency managed by a peer-to-peer network open to anyone with a computer and uncontrolled by any bank or government.
The appointment comes as no surprise because the agency typically draws regulators from the ranks of the regulated. But it does illustrate a significant problem: by relying so heavily on people with industry connections, the SEC can tangle itself in conflicts of interest.
There is much more to be done before we can get a sense of what really happened to the power of reputation on Wall Street.
Our economy has shown great resilience in the face of a dire balance sheet, fraud, and lack of regulatory oversight. However, if we want to create a sustainable and authentic recovery, we need confidence in the SEC's ability to police capital markets.
There is a scandal here, but it is not the one House Republicans have seized on.
If Aetna does, in fact, hike premiums by more than 100 percent for some of its customers, as CEO Mark Bertolini suggested, no doubt part of that money will go to covering his shockingly lucrative paycheck.