This is yet another insidious measure that double penalizes employees
for flailing or fraudulent corporate performance. Not only have pension
funds been depleted due to negligent or criminal corporate leadership
over the past couple years, but by discounting, or dividing, future
pension
Some of my current thoughts on the deteriorating state of
the US energy
sector - in today's Guardian.
Comments most welcome. And thanks to Eugene.
Nomi
It is no surprise that JPM Chase bagged the lead role running Iraq's
financial system. When in doubt about how to extend credit on egregious
terms (which will happen), controlling the entire banking mechanism
helps. JPM Chase and their consortium are front running the IMF and
Worldbank in the
Paul, I'm not sure about all the details with San Paolo, Berlusconi and
the Italian mafia beyond what you've stated, but the most striking
commonality amongst the list of the 13 banks (so far, stay tuned)
controlling Iraq's financial future is:
With the exception of the National Bank of Kuwait
Right. Deregulation with a) more responsible federal oversight and b) a
set of rules which would create a 'more robust transmission system'
equals regulation, period.
There's no point in debating the free market argument for deregulation
while condemning its results. Doing so plays into the hands
Kuttner generalized the amount by which certain corporations inflated
pension projections as a percentage of total earnings, to all of them.
This is not wrong, but should be considered accordingly. The circular
effect of companies inflating pension assets based on stock values that
were in turn
You can't. US firms report foreign (and sometimes offshore) income and
profits separately on their books, but unless they explicitly state they
are using offshore profits to invest in specific US assets in the
commentary sections of their SEC filings, there's no way to track that
flow of funds.
off the corruption as no more
than unbridled greed on the part of a few is an oversimplification.
Rather, as Nomi Prins shows in this devastating expose, corporate
malfeasance resulted from a mixture of hollow legislation, a false sense
of entitlement, and utter lack of accountability. Years
Companies say that if nothing is done they will be forced to
pour cash into their pensions next year.
How tragic, that way they'd be forced to create longer term growth
strategies instead of focusing on short term quarterly earnings
announcements. Or say, contribute to employee pension plans
The political rationale was that due to the post-Clinton surplus, there
was less need to issue as much Treasury debt (corporate debt, however,
increased dramatically), so treasury auction sizes were reduced. Both
the 3 year note (several years earlier) and the 30 year bond auctions
ceased.
In
. bond auctions
I had heard that it was also a subsidy, since it would raise the demand
for long term corporate bonds by removing competing government bonds.
Is
that true?
On Tue, Oct 07, 2003 at 01:13:40PM -0400, nomi prins wrote:
The political rationale was that due to the post-Clinton surplus
Does anyone know anything about the number or nature of new corporate
governance courses that have been added to undergraduate or MBA programs
following the Enron/WorldCom scandals?
Thanks,
Nomi
-Original Message-
From: PEN-L list [mailto:[EMAIL PROTECTED] On Behalf Of Jurriaan
Bendien
Good Will, which is treated as a balance sheet asset, is technically the
excess of the purchase price over the acquired company's book value of
its equity balances ((primarily retained earnings and capital stock
(from an accounting standpoint), and sometimes including treasury stock
if the company
Of Michael
Perelman
Sent: Wednesday, January 07, 2004 1:45 PM
To: [EMAIL PROTECTED]
Subject: Re: [PEN-L] Iraq banking
Nomi Prins is up on this subject.
On Tue, Jan 06, 2004 at 11:09:10PM -0600, k hanly wrote:
Here is a post from another list asking an economist about some rather
interesting
Yes, and how many financial scandals does the entire banking community
have to be involved in before we bring back Glass-Steagall?
Gutting regulations and shirking public responsibility for the resultant
fall-out should be regarded with the same type of thirst for penance and
punishment as say,
http://www.newsday.com/news/opinion/ny-vpheni43755841apr14,0,2045400.story?coll=ny-viewpoints-headlines
Give retirees
more financial security
BY NOMI PRINS
Nomi Prins, a senior fellow at the public policy
http://www.guardian.co.uk/business/story/0,3604,1208340,00.html
Truth, justice and corporate sway
Nomi Prins
Monday May 3, 2004
The Guardian
Mark
Twain once said: We have a criminal jury system which is superior to any
in the world; and its efficiency is only marred
Congressional factions to impede the transparency process is
to enforce continued corporate mugging from the investing public.
Nomi Prins
-Original Message-
From: PEN-L list [mailto:[EMAIL PROTECTED] On Behalf Of Sabri Oncu
Sent: Friday, May 28, 2004 7:09 PM
To: [EMAIL PROTECTED]
Subject: [PEN-L
Reverse-Robinhood?
-Original Message-
From: PEN-L list [mailto:[EMAIL PROTECTED] On Behalf Of Devine,
James
Sent: Thursday, June 24, 2004 11:39 PM
To: [EMAIL PROTECTED]
Subject: [PEN-L] query: trickle-down economics
does anyone know of a good synonym for trickle-down economics besides
. Perhaps healthy cynicism, at one point the
exclusive domain of leftist activists, will become widespread as films like Moores
reach ever-larger audiences.
Nomi Prins, La
Vanguardia
If
Michael Moore had had his way, Slobodan Milosevic would still be the big man in
a starved and tyrannical Serbia
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