from Challenger Gray and Christmas
While the vast majority of Americans will never see anywhere near the level of year-end bonus lavished upon Wall Street bankers, a new survey shows that nearly 80 percent of employers plan to offer some type of holiday bonus or gift this year.
by Or Shachar - Liberty Street Economics, Federal Reserve Bank of New York
Last year, IntercontinentalExchange (ICE) launched a credit default swap index futures contract. In the first two weeks there were spurts of interest in it, but soon it became evident that the new product was unable to generate sufficient demand. Given their short life span in the credit default swaps (CDS) market, the question becomes why were these futures contracts launched in the first place? And, assuming that they were created in response to a real need of market participants, will we see a revival of swap futures in the future?
by Abrahm Lustgarten, ProPublica.org
When natural gas companies first pressed into New York in 2008, state environmental regulators barely understood the process of "hydraulic fracturing." Today, six and a half years after ProPublica first raised concerns that the drilling could threaten both the state's water supply and its residents' health, Gov. Andrew Cuomo banned the process across the state.
Econintersect: Martin Wolf, Chief Economics Commentator of Financial Times, presented arguments in support of moving the creation of money from the private sector and making it a public function. He was speaking at a conference entitled "Does Money Grow on Trees?" 09 September 2014 at the Institute for Chartered Accountants in London.