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What a Spanish crime drama tells us about the financial crisis

... led by US Federal Reserve has prevented the global economy from collapsing, but it also pushed up asset prices to exorbitant levels. It has not solved the real problems. Some European nations like Spa ...More

EJ Insight2018-09-07

Top Trump aides rush to disavow NYTimes 'resistance' article

... ouse or a federal agency. Language in the article, including the unusual word “lodestar”, was the subject of wide online speculation and language searches. -- Contact us at [email protected] RC/CG ...More

EJ Insight2018-09-07

Short-seller sues Tesla and Musk, claiming stock manipulation

...  violated federal securities laws. The proposed class period runs from Aug. 7 to Aug. 17, over which time Left said he bought and sold many millions of dollars of Tesla shares. That period ended after ...More

EJ Insight2018-09-07

Setting the record straight on secular stagnation

... ng the US Federal Reserve to open its discount window for Morgan Stanley and Goldman when they otherwise could have been sources of systemic risk. The other principal attack on the Clinton administrat ...More

EJ Insight2018-09-04

Former Enron CEO released from prison to halfway house

... , sparked federal probes and prompted Congress to crack down on corporate accounting abuses. Enron founder Kenneth Lay also was found guilty of multiple counts of conspiracy and fraud. He died of hear ...More

EJ Insight2018-08-31

US second-quarter GDP growth raised to 4.2 percent

... keeps the Federal Reserve on course to raise interest rates in September for the third time this year. Stocks on Wall Street were trading higher, with the S&P 500 hitting a record high. The dollar ...More

EJ Insight2018-08-30

Trump, without evidence, blames China for hacking Clinton emails

... ion. A US federal grand jury indicted 12 Russian intelligence officers in July on charges of hacking the computer networks of Clinton and the Democratic Party. Special Counsel Robert Mueller is invest ...More

EJ Insight2018-08-29

Google teams up with Indian banks for online consumer loans

...  banks -- Federal Bank, HDFC Bank, ICICI Bank, and Kotak Mahindra Bank -- to provide instant loans to the app’s users, Reuters reports. At an annual Google event in New Delhi, Caesar Sengupta, the Vic ...More

EJ Insight2018-08-29

White House probes Google after Trump accuses it of bias

... ir of the Federal Trade Commission, Joseph Simons, said the agency would keep a close eye on big tech companies that dominate the internet. In a previous investigation, the FTC decided that Google was ...More

EJ Insight2018-08-29

Brexit: A new awakening

... rlance, a federal superstate was now envisaged, not a mere trading body. This, of course, was something for which the British people had never signed up, and upon which they were not consulted. They w ...More

EJ Insight2018-08-28

The depth of the next US recession

...  that the federal government’s fast-growing deficit will exceed US$1 trillion this year. America’s deficit is being blown up on both the revenue and expenditure sides. Although a reduction in the corp ...More

EJ Insight2018-08-28

Tesla wins dismissal of lawsuit over Model 3 production

A federal judge in San Francisco has dismissed a securities fraud lawsuit in which some Tesla shareholders accused the electric car maker and its CEO, Elon Musk, of misleading them about the progress ...More

EJ Insight2018-08-28

'Amazon effect' seen as factor in slow US inflation

...  Wyoming. Federal Reserve Chairman Jerome Powell was among those attending. A number of Fed policymakers have raised the prospect that relatively low levels of US inflation in recent years in the face ...More

EJ Insight2018-08-27

US picks former prosecutor as ZTE compliance coordinator

US Commerce Secretary Wilbur Ross has appointed a former federal prosecutor, Roscoe Howard, to monitor Chinese telecoms equipment maker ZTE for compliance on US export controls, Reuters reports. Howar ...More

EJ Insight2018-08-27

Gunman kills two at video game tournament in Florida

... rted that federal authorities were at a home in South Baltimore in connection with the investigation. A Baltimore City police spokesman, TJ Smith, said the department was assisting partner law enforce ...More

EJ Insight2018-08-27

Trump's strong-dollar weakness

... n, the US Federal Reserve has already increased its federal funds rate twice this year, and signaled two more increases before the end of 2018. When US interest rates rise, more investment capital flo ...More

EJ Insight2018-08-23

Fed officials see rate hike soon amid worries over trade war

Federal Reserve officials discussed raising interest rates soon to counter excessive economic strength but also examined how global trade disputes could batter businesses and households, Reuters repor ...More

EJ Insight2018-08-23

Cohen plea deal doesn't mean it implicates Trump: White House

... He told a federal court in Manhattan that Trump directed him to arrange payments ahead of the 2016 presidential election to silence two women who said they had affairs with Trump. On Wednesday, Trump ...More

EJ Insight2018-08-23

Ex-Trump lawyer pleads guilty to campaign-finance violations

... idate for federal office. Appearing in a federal court in New York City, Cohen pleaded guilty to one count of willfully causing an unlawful corporate campaign contribution and one count of making an e ...More

EJ Insight2018-08-22

老謀深算圖阻加息 美滙仍強債仔頭大

... 據《聯邦儲備法案》(Federal Reserve Act)成立以來,其運作從未受政治干擾,因此才能不偏不倚根 ...全文

今日信報時事評論林行止專欄林行止2018年08月22日

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