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Wall Street Journal (December 4)

2018/ 12/ 05 by jd in Global News

“A carbon tax is in theory a more efficient way than regulation to reduce carbon emissions. But after decades of global conferences, forests of reports, dire television documentaries, celebrity appeals, school-curriculum overhauls and media bludgeoning, voters don’t believe that climate change justifies policies that would raise their cost of living and hurt the economy.”

 

Investment Week (April 27)

2018/ 04/ 30 by jd in Global News

The European Union’s Packaged Retail and Insurance-based Investment Products (PRIIPS) regulation “is aimed at helping retail investors better understand and compare the key features, risks, rewards and costs of different products through a short Key Information Document (KID).” However, Andrew Bailey, the chief executive of the Financial Conduct Authority (FCA) “has expressed he is ‘concerned’ about the new PRIIPS legislation, highlighting literature requirements ‘are not providing useful context’ while there is evidence it is causing US funds to withdraw from Europe.”

 

New York Times (April 2)

2017/ 04/ 05 by jd in Global News

“The prospect of job creation and short-term returns has prompted several governments in Latin America to welcome mining companies and keep regulation to a minimum,” sometimes with disastrous consequences. “The surge in reckless mining operations has provoked anger and controversy throughout the region, and it was a driving force for a remarkable law passed Wednesday in El Salvador banning mining for gold and other metals in the tiny Central American nation.” This bold new ban is unlikely to inspire copycats, but it may “prompt other countries to consider more carefully the toll mining takes on vulnerable communities and the need for tighter regulations and stronger enforcement of environmental rules.”

 

Institutional Investor (March 20)

2017/ 03/ 21 by jd in Global News

“For years, asset management firms have benefited as the banking industry was dragged down by quantitative easing and increasing regulation. The one-two punch spurred a more than $100 billion divergence in revenues since 2011, with asset managers up $65 billion and wholesale banks down $45 billion at the end of 2016…. But now, with asset managers facing ‘intense’ pressure on fees and with economic policy shifting in favor of banks,” there are growing predictions for “a ‘reversal of fortunes’ for the two sectors.”

 

The Economist (February 18)

2017/ 02/ 20 by jd in Global News

We are approaching a tipping point. The automotive dominance of internal combustion engines (ICE) looks increasingly limited. Electric cars are “set for rapid forward thrust. Improving technology and tightening regulations on emissions from ICEs is about to propel electric vehicles (EVs) from a niche to the mainstream.” But the transition “from petrol power to volts will be a tough one for carmakers to navigate.”

 

Reuters (November 16)

2016/ 11/ 18 by jd in Global News

“It will be a new day at the U.S. Securities and Exchange Commission after President-elect Donald Trump installs his choice to run the agency.” With the resignation of SEC Chairman Mary Jo White, who was a proponent of regulation, Trump’s team will have a relatively free hand. “Some rules already are marked for death or dialback.” Among them are the conflict mineral disclosure requirements and “a proposal that would require companies to disclose pay ratios between their CEOs and employees.”

 

Euromoney (April Issue)

2014/ 04/ 13 by jd in Global News

“There is a strong feeling abroad that Europe is making good progress on the road to banking union, with a credible regulator in the European Central Bank soon subjecting banks to uniform regulation and chipping away at some of the fudges on asset quality that national regulators have previously winked at.”

 

Chicago Tribune (March 31)

2014/ 04/ 01 by jd in Global News

Ride share services like Lyft, Uber X and Sidecar are changing the way people get around urban environments like Chicago. “Consumers like ride shares. They like being able to find a nearby car, check out the driver and agree to a fare, all on their smartphones. They like the option of paying a premium for faster service in peak hours or bad weather. They like choices.” In contrast, taxi owners are unhappy with the new competition and pushing for tighter regulation or outright bans on ride sharing. Some prudent regulation is inevitable and desirable, but lawmakers should side with consumers rather than protecting “the people who got into the taxi business by paying $300,000 or more for a city medallion.”

 

Euromoney (February Issue)

2014/ 02/ 27 by jd in Global News

Asia “is seen as the growth engine for private banks, but it is not without its trials.” As regulation increases, costs rise and competition heats up, industry “consolidation among private banks in the region is inevitable.”

 

The Economist (October 12)

2013/ 10/ 13 by jd in Global News

“China is dangerously short of water. While the south is a lush, lake-filled region, the north—which has half the population and most of the farmland—is more like a desert.” To try to solve the problem, China has now “built as many large dams as the rest of the world put together.” To really solve the problem, however, China will need to focus on regulatory issues, such as cracking down on polluters, and economic incentives, such as increasing water rates to encourage conservation.

 

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