Why were Puerto Rico’s economic and financial troubles not reflected in its bond yields prior to its 2016 default? A Stigler Center working paper explores the possibility that this puzzle is related to government involvement in financial markets.
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Brazil’s business community rallies around far-right authoritarian; Associate Justice Brett Kavanaugh enters the Supreme Court; Amazon raises its minimum wage to $15 an hour; Germany expects to take antitrust action against Facebook this year; and the IRS’ pursuit of tax crimes reportedly faces collapse.
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Mounk, author of the recent book The People vs. Democracy: Why Our Freedom Is in Danger & How to Save It, talks to ProMarket about populist authoritarians and undemocratic liberalism.
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Facebook’s bad week included a new security breach, high-profile resignations and damaging exposés; tech giants are spending billions on physical infrastructure and lobbying for new federal privacy rules; and what is Google trying to achieve with its sponsorship of media organizations?
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The White House is getting ready to go after tech platforms and the EU is going after Amazon, while Louisiana’s attorney general wants to break up social media giants; new details revealed about Google’s plans to launch a censored search engine in China; and can tech moguls save legacy media?
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Is the government’s response to the 2008 financial crisis responsible for the rise of populism in the US and Europe?; the real Google censorship scandal is its re-entry into China; Europe’s new controversial copyright law could change the Internet; and can Facebook unbreak democracy?
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What can policymakers do to prevent future financial crises? An emerging consensus holds that so-called macroprudential regulation is key: policies that aim to mitigate risks to the financial system as a whole. In a recent paper, Karsten Müller of Princeton shows that such policies were systematically loosened in the run-up to two-hundred seventeen elections across 58 countries. This raises the question of whether regulators can, in practice, withstand political pressures.
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As Trump ramps up his attacks on Google, Sen. Orrin Hatch asks the FTC to revisit its investigation of the company; as Facebook finally takes action on Myanmar, US campaign strategists reportedly gear up to flood the social network with inflammatory ads; and why are doctors and hospital groups organizing to oppose single-payer health care in California?
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America’s white-collar prosecution crisis; Elizabeth Warren has a new bill that aims to separate money from politics; Facebook struggles with the daunting task of moderating 2 billion people; and is Google risking press freedom by re-entering the Chinese market?
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In a wide-ranging interview with ProMarket, media scholar Siva Vaidhyanathan explains why Facebook has become “too big to manage” and why he believes the only solution to its bigness is a global political movement aimed at breaking it up.
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Apple hits the coveted $1 trillion mark—thanks to share buybacks; Senator Mark Warner’s proposals to regulate social media platforms make waves; Google is reportedly planning to launch a censored version of its search engine in China; and what’s behind the public battle between President Trump and the Koch brothers for control of the GOP?
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Brett Kavanaugh is expected to bring his pro-business bent to the Supreme Court; the DOJ is appealing the AT&T-Time Warner merger approval; Britain fines Facebook and the EU is expected to fine Google; and who really benefits from the GOP’s tax cuts?
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