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Regulatory

Legacy Main Street Solution Proposed for Wall Street

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As required by the Dodd-Frank legislation, the US Treasury established the Office of Financial Research (OFR). This organization is focused on regulating financial infrastructure and imposing identification systems on corporations. The OFR must choose its approach by mid-July, so it's about time to start figuring out how new regulations could affect your company.

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Maybe Jeff Can Do It

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Since Chief Executive published its previous issue's cover story on why CEOs are fed up with Washington, President Obama signaled a possible attitudinal shift, with the appointment of GE Chief Executive Jeff Immelt to head the Council on Jobs and Competitiveness. The new group replaces an advisory board headed by Paul Volker that the President established just after he took office.

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Why Tax Policy Is a Dissembler’s Paradise

All politics is the art of deception, none more so than the oft-repeated claim about "tax cuts for the rich." First, the extension of the rate cuts of 2003 that President Obama grudgingly agreed to in exchange for an extension of unemployment benefits is not in any way a reduction of income tax. The only question was whether everyone’s tax liability was going to increase in January.

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Cap and Trade-offs

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The Obama Administration has initiated plans to address climate change by introducing an economy-wide program to reduce the greenhouse gas emissions that contribute to global warming by some 14 percent from 2005 levels by 2020, and by 83 percent by 2050. To do this the federal government plans to introduce a cap-and-trade program that will limit greenhouse gas emissions and ...

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A Stimulus We Can Believe In

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Is President Obama’s stimulus working? A June Rasmussen Reports survey showed that 45 percent of those polled think the President should discontinue federal spending despite the administration having spent just $44 billion of the $787 economic rescue package.  About 36 percent of those polled in a telephone survey think the government should keep spending the money and 20 percent were ...

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What Should Obama Do?

  With the fate of U.S economy in the hands of new administration, industry veterans believe it is time for the new setup to take certain bold decisions to bolster the ailing US economy. Economists are of the opinion that President Obama must encourage an environment which can get American economy back on its track. “Obama must return America to ...

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