Economic Intelligence

July 2013


Elizabeth Warren and John McCain Make the Case for a New Glass-Steagall

By |

When Elizabeth Warren, D-Mass., and John McCain, R-Ariz., get together, it gets noticed. In partnership with Sens. Maria Cantwell, D-Wash., and Angus King, I-Maine, they have introduced a bill, the "21st Century Glass Steagall Act," notable both for its substance and as a call to action on one of ...

Read More

TAGS:
economy
banking
financial regulation
New Deal
Warren, Elizabeth
McCain, John
King, Angus
Cantwell, Maria

Obama's New Corporate Tax Grand Bargain Has Potential for Republicans

By |

After being highly skeptical of President Obama's pivot back to the economy, I now believe the outline of his new proposal for corporate tax reform coupled with increased spending on much needed infrastructure and job training programs has the makings of a so-called grand bargain. Instead of ...

Read More

TAGS:
economy
Obama, Barack
corporate taxes
Republican Party
employment
infrastructure
wages
labor

New Regulations Start To Rein in Wall Street, But Don't Go Far Enough

By |

Exactly three years ago yesterday, the president signed into law the Wall Street Reform and Consumer Protection Act to fix the conditions that led to the subprime mortgage meltdown and the Great Recession.  This bill, also called Dodd-Frank after its sponsors, should have been called the "No More ...

Read More

TAGS:
economy
banking
financial regulation
Warren, Elizabeth
McCain, John
Vitter, David
Brown, Sherrod

Smart Budget Choices Can Boost Recovery, Reduce Debt and Deficit

By |

The economic and budget challenges facing the nation have become much more manageable recently. New analysis from my Center on Budget and Policy Priorities colleagues shows that, if policymakers had the political will, they could realistically enact a package of policies that will not only give the ...

Read More

TAGS:
economy
deficit and national debt
sequestration
politics
Obama administration
federal budget
Congressional Budget Office

Timber Standards, the EPA and Overregulation

By |

If the American jurist John Marshall were alive in our time, he just might amend his statement (in reply to Daniel Webster's legal argument) that "the power to tax involves the power to destroy." These days, the power to regulate, mandate, stipulate and otherwise dictate can be just as harmful.

A ...

Read More

TAGS:
economy
EPA

How to Make the Most Out of a Mentorship

By |

One highly underutilized opportunity for professional development is the mentorship. To some, the notion is quaint. Antiquated. To others, seeking help is akin to an admission of weakness. Complicating matters, everyone is stretched thin in our overconnected and hypercompetitive world.

Read More

TAGS:
economy
careers

Consumer Financial Protection Bureau's Complaint Database is Regulation Done Right

By |

Harry from Massachusetts thought his son Ari, a 21-year-old infantry soldier, had been bilked by the company that financed his purchase of a truck. Besides paying an 18 percent interest despite his good credit, Ari was talked into a package of dubious extras, including a "comprehensive" insurance ...

Read More

TAGS:
economy
Consumer Financial Protection Bureau
financial regulation
mortgages