How Finance Fueled Students’ And Nonprofit’s Future
Finance is no longer playing the role of the handmaiden of creative destruction that allows industry to produce technological advance and economic development. Kregel and Burlamaqui also observe that the financial services industry has special features which create economic instability in a variety of ways, for example, using things like derivatives packages to shift risk from financial firms onto those less able to bear that risk. Bubbles followed by catastrophic crashes become inevitable: eventually, the weight of financial speculation becomes so great that it overwhelms the system, as we saw in the late 1920s, and in the 2007-08 financial crisis. When these crises occur, speculation decreases for a time, but as we can see now, the financial sector is hell-bent on restoring profits not for the sake of the economy and jobs, but for the sake of their incomes. Damon Silvers has also pointed out that the costs of financial bubbles include the effects of the failure to productively invest capital, including the decline of government investment in research and development.
RPT-Fitch Updates Criteria for Servicing Continuity Risk in Structured Finance
There still isnt sufficient awareness of it. Thats changing quickly. For decades, finance giants held the golden keys to success and wealth, but that reputation has begun to erode with trimmed bonuses and narrowed job prospects. In an effort to recover from steep losses and tarnished reputations, large banks are seeking alternative, more equitable paths to prosperity. Impact investment may be the solution.
D.C.’s campaign finance laws need reforming
Mr. Browns 2010 campaign for chairman was the subject of an audit, released this month by the campaign finance office, that showed the same problems that afflicted the earlier campaign, albeit on a smaller scale. Among the findings was the expenditure of more than $215,000 on consulting services to two companies; the committee didnt produce contracts or invoices detailing what services were provided. Also cited was the issuance of 28 checks, including seven made out to cash, totaling $92,260 by Che Brown, Mr.
The update does not contain any material changes and will not have any rating impact on existing transactions. No ratings will be reviewed as a result of the criteria update. The report entitled ‘Criteria for Servicing Continuity Risk in Structured Finance’ is available at http://www.fitchratings.com and replaces the previous report dated 10 August 2012. The report is available at http://www.fitchratings.com or by clicking on the link below.