APRIL 23, 2013

Full News Archive

• Headline: Fed's Delay on Emergency Lending Blueprint. Impact: The delay in developing a blueprint means that the next financial crisis could come with a side of confusion. Picture Congress flailing about, trying to read financial jargon like it's a foreign language. Spoiler: it is.. Fact: In the world of economic regulations, waiting for the Fed to deliver a blueprint is like waiting for a cat to bring you a 'gift'—it may happen, but you’ll probably just end up cleaning up a mess instead..
• Headline: Leadership Changes at the S.E.C.. Impact: The new S.E.C. leadership could lead to a regulatory renaissance, or it could just be another case of rearranging deck chairs on the Titanic. Either way, investors will keep hoping for a miracle.. Fact: The S.E.C. has been around since 1934. That’s right, they’ve been regulating markets longer than some of us have been alive, and yet, somehow we still can’t figure out how to avoid a financial crisis..
• Headline: In Gun Bill Defeat, a President’s Distaste for Twisting Arms. Impact: This event could be seen as a pivotal moment where political willpower went to die. Every failed bill leads to a new generation of politicians who wouldn't know how to twist an arm if their lives depended on it. Spoiler: they probably do.. Fact: It’s said that if you can’t get Congress to agree on something, you might as well throw a party. Because, let’s be honest, the chances of them actually doing anything useful are about the same as finding a unicorn..
• Headline: Stern Words, and a Pea-Size Punishment, for Google. Impact: This tiny fine is like a slap on the wrist for Google, which is kind of like reprimanding a toddler with a cookie. They’ll just keep doing what they want and laughing all the way to their data bank.. Fact: The fine imposed on Google is less than what some people pay for a fancy coffee. Let that sink in—privacy in the digital age can apparently be bought for the price of a grande latte..