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The issue of Lewis' honesty resurfaced this week when a judge in U.S. district court rejected a proposed settlement struck between Bank of America and the Securities and Exchange Commission (SEC) over Merrill bonuses. The SEC and Bank of America had earlier agreed that the bank would pay a $33...
The U.N. investigation concluded that Israel's January offensive in Gaza had been "a deliberately disproportionate attack designed to punish, humiliate and terrorize a civilian population." It also slammed the Jewish state's economic blockade of the territory. At the same time, it accused Hamas of war crimes for firing...
The 24-person panel, called the Commission on the Measurement of Economic Performance and Social Progress, makes some concrete suggestions, like looking at household income and wealth rather than national production to avoid the false boost that debt-fueled consumer spending gives to GDP. Nonmarket activities such as raising children...
In the months after Franklin D. Roosevelt took office in 1933, Congress legislated a complete transformation of Wall Street and the banking sector with the creation of the Securities and Exchange Commission and the Federal Deposit Insurance Corp., and the segregation of commercial banks from Wall Street. It's not...
What are we doing wrong? European countries have been able to achieve faster speeds by forcing telephone companies to rent lines to local Internet service providers for use with broadband DSL. The Federal Communications Commission attempted to do the same during the middle of the decade to allow competition, but...