Energy independence is a farce

4th July 2012

Energy Independence Is a Farce

What would energy independence actually do for the United States? For one, it won't dissolve America's fealty to global crude prices. For another, reducing its sources of energy would only make the U.S. economy less secure. The Atlantic


Inconvenient truths about Libor

Stephanie Flanders says the libor scandal has shed light on an inconvenient truth about interbank lending rates: even when rates are not "fixed", they may still not bear very much relation to reality – because banks are not actually offering much unsecured money to each other at all. BBC


Is the Fed pushing on a string?

"The Fed has the ability to create as much money as it wants and can use that money to purchase every scrap of federal-government debt, every scrap of outstanding mortgage-backed securities backed by federal housing agencies, and as much foreign exchange as other governments will sell it." The Economist


China Takes a Big Step to Make the Yuan a Rival to the Dollar

By allowing freer, cross-border financial transactions in the yuan, Beijing is taking important step towards dismantling the capital controls that hold back the currency from being a true rival to the US dollar, writes Michael Schuman. TIME


Obama versus Romney on Jobs

With the unemployment rate above 8%, it's no surprise that jobs have become a major focus in the 2012 US presidential campaign. So with that being the case, Laura Tyson reveals how both candidates have very different ideas about how to boost employment and how Obama's proposals seem more convincing than Romney's. Project Syndicate


More on Mindful Money

What Big Finance can learn from Big Pharma

AstraZeneca and GlaxoSmithKline – What about the shareholders?

Diageo and GlaxoSmithKline: When debt is good for investors

Sign up to our daily newsletter and you could win an Amazon Kindle Touch.

The Financialist

Leave a Reply

Your email address will not be published. Required fields are marked *