Losses tied to banks’ off-balance-sheet subprime-mortgage investments have reached into the hundreds of billions of dollars and caused some real soul searching among the nation’s top accounting group, The Financial Accounting Standards Board, which has moved quickly to radically alter the rules for how banks must account for so-called qualified...
Abstract: The author analyzes the process of reform started in post-Soviet Azerbaijan from the political economy perspective. He reviews the literature on the political economy of transition and presents the political-economic history of transition in Azerbaijan in three stages based on political developments. The author introduces and applies relevant indexes...
CONSIDERING that Time magazine once described Henry Waxman as having "all the panache of your parents' dentist," it's hard to imagine how he became the most feared member of Congress. The Californian is serving his 17th consecutive term, representing one of the country's safest Democratic districts (it includes West Hollywood...
* In May 2006, James Piereson published a remarkable article in Commentary, "Lee Harvey Oswald and the Liberal Crack-Up." The article has now been expanded into a book, Camelot and the Cultural Revolution Encounter. Briefly put, the argument is that the assassination of John E Kennedy...
ABSTRACT While financial globalization has created powerful incentives for Latin American governments to privatize old age pension systems, reliance on short-term capital flows has also constrained the ability of cash-strapped governments to enact that reform. Analysis of the technocratic process of pension reform in Argentina and Brazil provides evidence. Instead...
The House and Senate are moving swiftly in the face of rising home foreclosures to give homeowners options to refinance out of unaffordable mortgages. Last Tuesday, the House passed H.R. 1852, the Expanding American Homeownership Act, by a vote of 348 to 72. Last...
Sen. Ron Wyden, the Oregon democrat, has not received the memo explaining that Congress can accomplish nothing in an election year or the year before one. He calls himself the Senate's designated driver, the one not running for president, so he has time to try legislating. He also is the...
1. INTRODUCTION The debate over U.S. federal bank regulatory structure goes back for nearly a century. Although studies, commissions and committees of banking scholars, and high-level government officials and industry practitioners have been common, change has come only sporadically. (1) For the most part, the U.S. financial regulatory system...
The Australian Universities Quality Agency AUQA is a company owned by national, state and territory Ministers of Education. It is not a de jure regulatory authority. This article argues, however, that AUQA performs an important de facto public regulatory role in respect of the performance of various institutions, and that...
INTRODUCTION THE DECLINE OF THE REHABILITATIVE ETHOS IN SENTENCING THEORY in the post-1960s is a story that has been told often (see, for example, Allen, 1981) and need not be rehearsed here. * Penal treatment programs, once tested for their effectiveness, showed scant success--or at most, succeeded only in...
Young workers will be poor when they retire unless they save more BRITAIN'S state-pension system is known to be tight-fisted. Just how stingy it is emerges from a report this week from the OECD: the promise made to today's young workers is the least...
PARIS AFP — Pension reforms in rich countries mean that retirement benefits will be 15-25 percent less than would have been paid, and most people will have to work for longer and save more, the OECD said on Thursday. But although pension reforms in 16 of the 30 OECD...
WASHINGTON -- The U.S. Congress in late April introduced into legislation The Patent Reform Act of 2007, a bill aimed at helping the filing process and to ease the financial burden to companies that infringe on existing patents. The Senate bill is cosponsored by Patrick Leahy (D-VT) and Orrin...
BRUSSELS AFP — European Agriculture Commissioner Mariann Fischer Boel is planning a massive global campaign to promote European wine, hoping to boost a sector suffering from overproduction and New World competition. "In the project of wine sector reform, which I will present to EU member states on July 4,...
M2 PRESSWIRE-2 May 2007-WORLD BANK: World Bank supports water reforms in MoroccoC1994-2007 M2 COMMUNICATIONS LTD RDATE:01052007 WASHINGTON - The World Bank's Board of Directors approved today the Morocco Water Sector Development Policy Loan totaling US$100 million. The Development...
IT tickles Scandal Monger's wry sense of humour that the latest company to feature in the plethora of official US investigations in to stock options fixing is Take-Two Interactive Software - that's right, the business behind the computer game Grand Theft Auto. The Securities and Exchange Commission SEC...
AND NOW AN UPDATE on my 2007 Race to Reform, a contest between the state House and Senate to see which is quicker to attack the greed and clandestine ways so deeply ingrained in the Legislature. As month three of the race opens, the Senate leads, but the House...
IS A NEW DAY dawning over the longtime ethically challenged wasteland of self-serving pols known as the Pennsylvania Legislature? Does new leadership in both chambers and a new session with 55 (of 253) new members translate into new beginnings? Is there a path to regain public trust in an institution...
Abstract Over the last decade and a half, international assistance to promote good governance in developing countries has increased significantly. The World Bank has been in the lead of major governance donors, with steadily growing resources devoted to governance programs. Even with the rise in governance-related lending, though, governance...
Abstract This paper examines the application of good governance concept in the area of local economic development and focuses on contribution and challenge issues. The paper includes a review of major concepts of the good governance, the role of government, and the importance of public management reform. On the...
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