Heads of the major stock exchanges were summoned to Washington by federal regulators to try to help figure out what caused last week’s computerized sell-off the shot the Dow Jones Industrial Average down 1,000 points in a matter of minutes. Law Professor Elizabeth Nowicki, a former Securities and Exchange Commission attorney and Wall Street lawyer, […]
U.S. Solicitor General Elena Kagan, a former Harvard Law School dean, was nominated by President Obama to be the 112th justice of the Supreme Court. BU Law Professor Jack Beermann, an authority on the high court who knows the nominee well, says he see it as a strong plus that Kagan is not a sitting […]
And the winner is … no one. The most tightly contested British Parliamentary election in a generation has ended in the first stalemate since 1974, with no party winning an outright majority of seats that would enable it to choose a prime minister and form a ruling government. Frantic efforts are being made to shape some […]
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Tagged British elections, British Parliament, Conservative Party, David Cameron, Gordon Brown, Graham, Graham Wilson, Labour Party, Liberal Democratic Party, Nick Clegg, Parliament
As nationwide workers’ strikes continued and deadly riots erupted in Athens over austerity measures invoked to deal with Greece’s ongoing debt crisis, fears grew that the situation may adversely impact the global banking system. Mark Williams, author of “Uncontrolled Risk” about the fall of Lehman Brothers who teaches finance in the School of Management, says the […]
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Tagged Athens, European Union, eurozone, Greece, Greece debt, Italy, Lehman Brothers, Mark Williams, Portugal, School of Management, Spain
The Financial Crisis Inquiry Commission, which is looking into the causes for the 2008 economic crash, today questioned former executives from the investment bank Bear Stearns (sold to J.P. Morgan in a firesale after a run on the bank) and explored the open-secret of how Wall Street banks legally fudged their quarterly books to dress up […]
Investigators are trying to determine any connections between a Pakistani-American charges in the failed Times Square car bombing and any international terrorist groups, possibly the Pakistani Taliban. International relations Professor Adil Najam, director of the Pardee Center for the Student of the Longer-Range Future and editor of “Pakistanis in America: Portrait of a Giving Community,” […]
On the heels of allegations that Goldman Sachs took advantage of clients during the mortgage-market collapse, Congress reportedly is considering new legal standards for investment banks when they deal with customers. Law Professor Tamar Frankel, an authority on securities law and author of “Trust and Honesty: America’s Business Culture at a Crossroad,” says slapping fiduciary […]
Federal antitrust enforcers are considering a probe into Apple Inc. after changes in the company’s licensing agreement with iPhone application developers that forbids the use of software tools other than Apple’s to build programs or the transmission of analytical data to third parties like advertisers. It’s yet to be decided if the inquiry would be conducted […]
Continuing its furious buying spree, Google has acquired Bump Technologies, maker of software that makes computer desktops appear to be 3-D. This latest acquisition by the world’s most popular search engine, says School of Management Professor N. Venkat Venkatraman, just intensifies the competitive battle between Google and Apple. “Looks like Google and Apple may be defining […]
The month-long British elections are in the homestretch headed for Thursday’s vote after a furious weekend of campaigning by Prime Minister Gordon Brown (r.) of the Labour party, Conservative party leader David Cameron (l.), and and Nick Clegg (center) of the upstart Liberal Democrats. Political science Professor Graham Wilson, a native of Great Britain who is in […]
