SEC Chairman Jay Clayton claimed that the draft regulation on shareholders’ votes and proxy advisory firms received approval by hundreds of “Main Street” Americans. A Bloomberg investigation reveals that many of the letters that the SEC published on its website are fake. This reform could change American capitalism. We deserve more serious debate.
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A new SEC proposal regarding proxy advisors will make it harder for shareholders to vote against CEOs’ preferences. However, there is a 60-day period to comment and propose amendments to the new regulation. Please send your comments to the SEC and to ProMarket as well. We will publish the best of them on our website.
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The White House asked the Italian government for support in its “investigation on the investigators” to prove the existence of a Democratic plot against Donald Trump in 2016. Prime Minister Giuseppe Conte secretly cooperated and then received a crucial public endorsement from Trump in the midst of a political crisis. The next episode of the impeachment story will be staged not in Kyiv, but in Rome.
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Senator Mitt Romney wrote Donald Trump a letter to stop his plan to reduce capital gain taxes. This is an important signal that a part of the Republican Party is becoming socially conservative but economically heterodox.
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In this third and final part of his three-part series on the resurgence of antimonopoly, Matt Stoller explains how the election of Donald Trump helped bring antimonopoly thinking back to the forefront of the political discourse.
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The federal antitrust agencies don’t appear to be serious about their recent Big Tech push. And given that the Supreme Court and federal judiciary are firmly in conservative hands, it doesn’t matter—antitrust enforcement won’t come back so soon.
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The legal system is the bloodline of investigative journalism. Recent maneuvers by the Trump administration may jeopardize it.
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Where does today’s anti-trade sentiment come from? A new study finds that people are particularly sensitive to job losses and outsourcing due to international trade. Protectionist sentiments, the authors find, can be magnified given the right narrative frames.
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Amid the longest government shutdown in US history, and with no light at the end of the tunnel, the latest Financial Trust Index (FTI) survey shows decreasing trust in government, especially among Democrats.
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Congress misses an opportunity to scrutinize Google; the IRS is on life support; Johnson & Johnson reportedly knew for decades that its baby powder contained asbestos; the British Labour Party considers a break-up of the Big Four accounting firms; and will Obamacare once again be upheld by the Supreme Court?
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Documents released by British Parliament show Facebook’s attempts to stifle competition; the Consumer Financial Protection Bureau no longer protects consumers; provider consolidation is driving up US health care costs; and how big really is America’s digital divide?
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New report reveals America’s “concentration crisis”; antitrust enforcers and regulators in Europe are going after Amazon, Facebook and Google; Facebook’s ongoing Soros debacle; and why is US life expectancy in decline?
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