T.Žuko blogas

The Becker & Posner Blog:
Is the Conservative Movement Losing Steam? Richard Posner
The Serious Conflict in the Modern Conservative Movement. Gary Becker

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WORLD VIEW: Fareed Zakaria

The End of Conservatism
Conservative slogans sound anachronistic in the context of today’s problems, like an old TV show from the 1970s.
From the magazine issue dated Feb 25, 2008 / NEWSWEEK

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Op-Ed Columnist
The Republican Collapse
by DAVID BROOKS

Published: October 5, 2007 NYT

Modern conservatism begins with Edmund Burke. What Burke articulated was not an ideology or a creed, but a disposition, a reverence for tradition, a suspicion of radical change. …>>

A conversation with Neel Kashkari, Former Assistant Treasury Secretary / Charlie Rose / in Current Affairs / on Thursday, May 7, 2009

WSJ blog: Meet Neel Kashkari: The Man With the $700 Billion Wallet

An hour with Timothy Geithner, U.S. Treasury Secretary / Charlie Rose / in Current Affairs / on Wednesday, May 6, 2009

Surveying the economic horizon: A conversation with Robert Shiller
The noted economist explains and explores the downturn’s root causes—and possible ways forward.

APRIL 2009, mckinseyquarterly.com
Source: Strategy Practice

In this video interactive, economist Robert Shiller discusses four aspects of the current crisis: regulating for financial innovation, reducing trust in models, redesigning institutions, and the time line for turnaround. His perspectives are informed in part through his research that psychology—particularly an understanding of human irrationality—can play a key role in explaining economic breakdowns and exploring effective solutions.

Robert Shiller is a professor of economics at Yale University and cocreator of the Case–Shiller House Price Index, which is now one of the most widely used methods of measuring performance in that industry. He also introduced into intellectual circulation the phrase “irrational exuberance,” which was picked up famously by Alan Greenspan in 1996. …>>

Paul Krugman 2008 Nobel Prize Winner in Economics on capitalism

in Current Affairs, Business / on Thursday, October 23, 2008

Finance and economics
Economics focus

Cycle-proof regulation
Apr 8th 2009
From The Economist print edition

In a guest article, Raghuram Rajan argues for a regulatory system that is immune to boom and bust

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Finance and economics
Economics focus

A Plan B for global finance
Mar 12th 2009
From The Economist print edition

In a guest article, Dani Rodrik argues for stronger national regulation, not the global sort

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Finance and economics
Regulating banks

Basel brush
Apr 2nd 2009
From The Economist print edition

Regulators’ new blueprint for bank supervision avoids the trickiest bits

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Opinion
Financial regulation

Top watchdog
Mar 19th 2009 | WASHINGTON, DC
From Economist.com

Should the Fed take up the cudgel as America’s regulator-in-chief?

Teisininkams, ypač konstitucionalistams, prof. R.Epsteino pristatinėt nereik. Kitiems žr. čia. Vienas garsiausių JAV konstitucionalistų ir teisininkų apskritai. Turbūt nesuklysiu pasakęs, kad jis yra vienas intelektualiai įspūdingiausių JAV libertarų, bent jau man tai tikrai. Kai kas net vadina jį taip: “The libertarian”.

The University of Chicago Law School Faculty Blog
April 03, 2009 Video: Crisis and the Law with Richard Epstein

Over the past week, the National Review Online has been posting portions of a video interview with Richard Epstein as part of “Uncommon Knowledge with Peter Robinson,” produced by the Hoover Institution. Links to the week’s episodes are below. …>>

Kalbėdamas apie Obamą, be visos (dėmesio vertos) kritikos, daug jo (dėmėsio vertų) gerų ypatybių nurodė. Epsteinas Obamą senokai pažįsta. Viena įdomesnių man, paties Epsteino žodžiais: “This guy is totally in control of himself.”

Kartais nėtikėti dalykai patenka į rankas tokiose vietose, kur jų, rodos, niekad nelauktum. Į vieno tokio šiandien kavinėje (ne kokioj nors ”teisinėj”! Ir toks, va, vienas iš rimčiausių privalumų gyvent pasaulio ritmu pulsuojančiose vietose…) į rankas patekusio egzemplioriaus el. versiją ir duodu nuorodą. Manau, verta dėmesio.

KPMG Schweiz
Home – Themen & Trends – Wissen – Understanding Regulation

Understanding Regulation
Immer mehr Regeln und Gesetze bestimmen unser Leben. Privat wie beruflich. Auf diesen Seiten zeigen wir auf, wie Regulierung die Wirtschaft beeinflusst und umgekehrt. …>> 

P.S. Info anglofonams: “The English version of our Understanding Regulation publication will be available online and in print by end of April 2009.”

P.P.S. Be visų tradicinių pabambėjimų “kaip viskas blogai” ir “kaip viskas perreguliuota”, kurie kaip ir pagal madą priklauso į bet kokį rašinį ar pamąstymą šia tema, patiko ši Šveicarijos teisingumo ministrės įžvalga, siūlanti nepamiršt, kad, kaip ir visur,  taip ir reguliavime yra “kita pusė”, kurios esam tiek išlepinti, kad apie ją, bebambėdami, vis dažniau pamirštam:

“Und dennoch: Trotz der wachsenden Anzahl Gesetzesbestimmungen haben wir paradoxerweise mehr Wahlmöglichkeiten als je zuvor. Wir können den Telefondienstleistungsanbieter oder die Krankenkasse frei wählen, die Grenzen einfacher passieren oder überall im EU-Raum einen Arbeitsplatz annehmen. Wir sind abgesichert gegen Unfall, Krankheit, Arbeitslosigkeit, Invalidität und Alter. Viele Schweizer Betriebe können Güter, die den schweizerischen Vorschriften genügen, direkt im ganzen Raum der Europäischen Union anbieten oder sie gleichzeitig nach schweizerischem und nach EG-Recht zertifizieren lassen. Es sind nicht zuletzt Gesetze und internationale Verträge, welche sicherstellen, dass diese Spielräume offen stehen.”

Eveline Widmer-Schlumpf, Grussbotschaft: «Regulierung bedeutet auch Gewinn an Gestaltungsmöglichkeiten»

Rekomenduoju visą, ypač dėmesio vertos 1-4 dalys, o ypatingai įdomios pasirodė 3-4 – apie krizės pasekmes JAV ir Indijoj. Trūksta Lietuvoj tokio lygio analitinės radijo žurnalistikos, ypač rimtom ekonominėm temom.

From: George Soros
Date: 2009/3/24
Subject: My Views On Regulations

Dear Friends and Colleagues:
I wanted to share with you two of my recent essays. In yesterday’s Financial Times, I talk about the impact of the financial crisis on developing nations and the need for the G20 to take forceful and decisive action. I will elaborate on this idea on Wednesday 25 March when I testify before the Senate Foreign Relations Committee. In the second piece, published in this morning’s Wall Street Journal, I call for new financial market regulation, specifically that only those who own the underlying bonds should be permitted to purchase CDS.

Regards,
George Soros
georgesoros.com 

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FINANCIAL TIMES
“Peripheral care should be the central concern”
By George Soros
Monday, March 23, 2009

The forthcoming Group of 20 meeting is a make-or-break event. Unless it comes up with practical measures to support the less developed countries, which are even more vulnerable than the developed ones, markets are going to suffer another sinking spell just as they did last month when Tim Geithner, Treasury secretary, failed to produce practical measures to recapitalise the US banking system.

This crisis is different from all the others since the end of the second world war. …>>

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WALL STREET JOURNAL
One Way to Stop Bear Raids
Credit default swaps need much stricter regulation.
By George Soros
Tuesday, March 24th, 2009

In all the uproar over AIG, the most important lesson has been ignored. AIG failed because it sold large amounts of credit default swaps (CDS) without properly offsetting or covering their positions. What we must take away from this is that CDS are toxic instruments whose use ought to be strictly regulated: Only those who own the underlying bonds ought to be allowed to buy them. Instituting this rule would tame a destructive force and cut the price of the swaps. It would also save the U.S. Treasury a lot of money by reducing the loss on AIG’s outstanding positions without abrogating any contracts. …>>