Bill Gross: Bond Vigilante, Minsky Convert
Cross-posted from Credit Writedowns In the end, I hearken back to revered economist Hyman Minsky – a modern-day economic godfather who predicted the subprime crisis. “Big Government,” he wrote, should become the “employer of last resort” in a crisis, offering a job to anyone who wants one – for health [...]
Chancellor denounces Arizona immigration bill
UC Berkeley Chancellor Robert Birgeneau has denounced Arizona Bill SB 1070, saying the immigration measure cannot be implemented without engaging in racial profiling.
Read more on UC Berkeley NewsCenter
U.S. House approves trade bill to help Haiti
The U.S. House of Representatives on Wednesday overwhelmingly approved a bill to help Haiti recover from a devastating earthquake by opening the U.S. market to more clothing from the Caribbean country.
Read more on Reuters via Yahoo! Canada News
Startups, VCs Eye Finance Reform Bill as Senate Debate Begins
Debate began today in the U.S. Senate on a bill designed to overhaul the financial industry. It’s a piece of legislation that could have far-reaching consequences for venture capital investment, and in turn some argue, for technological innovation and economic growth. A response to the recent [...]
House panel passes bill on flood insurance reform
WASHINGTON, D.C. – The U.S. House Financial Services Committee has passed House Resolution 5114, the Flood Insurance Reform Priorities Act of 2010, which contains provisions written by U.S. Rep. Jerry Costello that would prevent mandatory purchase requirements for flood insurance from taking effect for five years.
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Grassley defends GOP opposition to bill
Iowa Sen. Chuck Grassley on Wednesday defended Senate Republican opposition to bringing financial industry regulation to the floor.
Read more on The Des Moines Register
US governor signs immigration enforcement bill
PHOENIX – Arizona Gov. Jan Brewer signed into law America’s toughest legislation against illegal immigration Friday, a sweeping measure which President Barack Obama said could violate people’s civil rights.
Read more on The Canadian Press via Yahoo! Canada News
Panel approves bill on basic school aid
Despite major questions on how to pay for it, a Senate panel approved a plan Thursday to increase basic state aid to public schools by $109 million over last year.
Read more on The Advocate
Senate votes on retirement board reform bill today
The state Senate is expected to vote today on sweeping reforms that would place the Essex Regional Retirement Board in receivership and dramatically change the way retirement boards across the state are managed.
Read more on The Salem News
China c.bank 1-year bill yield flat at sale
SHANGHAI, April 13 (Reuters) – China’s central bank auctioned 45 billion yuan ($6.59 billion) of one-year bills in its regular open market operations on Tuesday at a yield that was unchanged from last week, traders said, in line with market expectations.
Read more on Reuters via Yahoo! Asia News