http://www.realclearmarkets.com/ en Copyright 2012 Wed, 16 May 2012 05:18:52 -0500 http://www.sixapart.com/movabletype/?v=3.33 http://blogs.law.harvard.edu/tech/rss Wed, 16 May 2012 04:09:05 -0500 In the early 1950s, when I was a young college graduate and a new employee of the Frost Bank, my great-Uncle Joe Frost, then CEO, told me that the very first goal we had was to return the deposits we received from customers. . .]]>http://www.realclearmarkets.com/2012/05/16/the_big_danger_with_investment_banks_126943.htmlhttp://online.wsj.com/article/SB10001424052702304371504577406023330005352.html?mod=WSJ_Opinion_LEADTop 100126943 AM Update Tom Frost, Wall Street Journal Wed, 16 May 2012 04:36:07 -0500 ]]>http://www.realclearmarkets.com/2012/05/16/regulators_snooze_while_jpm_lights_the_fuse_126947.htmlhttp://www.bloomberg.com/news/2012-05-15/regulators-snooze-while-jpmorgan-lights-the-fuse.html 100126947 AM Update Jonathan Weil, Bloomberg Wed, 16 May 2012 04:35:03 -0500 It's a teachable moment, but what's the right lesson? Already, the $2 billion-plus trading debacle at JPMorgan Chase has inspired a powerful storyline. Nothing has changed since the financial crisis, it's said. Big banks remain out of control, gambling recklessly. . .]]>http://www.realclearmarkets.com/2012/05/16/jpm_doesn039t_call_for_new_regs_126941.htmlhttp://news.investors.com/article/611577/201205151852/jpmorgan-chase-loss-is-not-a-disaster.htm 100126941 AM Update Robert Samuelson, Investor's Business Daily Wed, 16 May 2012 05:11:58 -0500 Dow Jones Reprints: This copy is for your personal, non-commercial use only. To order presentation-ready copies for distribution to your colleagues, clients or customers, use the Order Reprints tool on any article or visit www.djreprints.comBy MICHAEL SANTOLI | MORE ARTICLES BY AUTHORWhen a steady driver suddenly crashes into a hedge, it's time to run down the safety checklist before proceeding. So it is after JPMorgan Chase's clanging disclosure last week of a $2 billion-plus-on-paper loss in a corporate unit charged with hedging the bank's financial...]]>http://www.realclearmarkets.com/2012/05/16/jpm039s_blunder_sensational_amp_sensationalized_126952.htmlhttp://online.barrons.com/article/SB50001424053111904370004577390053977377094.html 100126952 AM Update Michael Santoli, Barron's Wed, 16 May 2012 05:06:49 -0500 ${Html.ActionLink("My MarketWatch", "index", new { controller = "composite", area = "section", page = "my" })} | !{Html.ActionLink("Sign out", "LogOff", new { area = "User", controller = "Account" }, new { id = "signOutLink" })}Welcome, ${UserDisplayName}Log inBecome a MarketWatch member today Mark Hulbert Archives | Email alerts May 16, 2012, 12:02 a.m. EDT Want to...]]>http://www.realclearmarkets.com/2012/05/16/the_real_dimon_priniciple_is_one_of_hubris_126951.htmlhttp://www.marketwatch.com/story/the-real-dimon-principle-2012-05-16?link=home_carousel 100126951 AM Update Mark Hulbert, MarketWatch Wed, 16 May 2012 04:05:40 -0500 Et tu, Jamie Dimon? The embarrassing announcement of a large trading loss at J. P. Morgan has brought the issue of bank regulation back to the fore. . .]]>http://www.realclearmarkets.com/2012/05/16/once_again_let039s_break_up_the_big_banks_126932.htmlhttp://www.nationalreview.com/articles/299954/once-again-break-banks-arnold-kling# 100126932 AM Update Arnold Kling, National Review Wed, 16 May 2012 05:12:17 -0500 When it comes to comparing blockbuster Internet IPOs, make no mistake: The sequel produced by Facebook will be a bigger hit than the original from Google eight years ago. . .]]>http://www.realclearmarkets.com/2012/05/16/five_big_ways_the_facebook_ipo_is_no_google_126940.htmlhttp://www.marketwatch.com/story/facebook-ipo-youre-no-google-in-five-big-ways-2012-05-15 100126940 AM Update John Shinal, MarketWatch Wed, 16 May 2012 04:23:27 -0500 ]]>http://www.realclearmarkets.com/2012/05/16/payback_for_a_facebook_tax_refugee_126946.htmlhttp://www.latimes.com/news/opinion/commentary/la-oe-ackerman-saverin-facebook-citizenship-20120516,0,973370.story 100126946 AM Update Bruce Ackerman, Los Angeles Times Wed, 16 May 2012 04:57:59 -0500 When the New York Times reported last month that Wal-Mart had brazenly been bribing government officials in Mexico, the public responded with anger. According to the Washington Post, the outcry forced the U.S. Chamber of Commerce to slow its campaign to water down the Foreign Corrupt Practices Act (FCPA), the 1977 law that bars payoffs to foreign decision-makers in exchange for business. The agitation also led to a 5 percent drop in the price of Wal-Mart stock.But one group seemed decidedly less bothered by the reports of...]]>http://www.realclearmarkets.com/2012/05/16/walmart_why_companies_slept_through_its_scandal_126950.htmlhttp://www.tnr.com/article/103327/wal-mart-scandal-corruption-bribery 100126950 AM Update Steve LeVine, TNR Wed, 16 May 2012 04:48:50 -0500 ft.com > Comment > Remember me on this computer Sign in May 15, 2012 7:36 pm By Marcus Miller and Robert SkidelskyYou have viewed your allowance of free articles. If you wish to view more, click the button below.© The Financial Times Ltd 2012 FT and 'Financial Times' are trademarks of The Financial Times Ltd. Printed from: http://www.ft.com/cms/s/55d094cc-9e74-11e1-a24e-00144feabdc0,Authorised=false.htmlPrint a single copy of this article for personal use. Contact us if you wish to print more to distribute to others.© The Financial Times Ltd...]]>http://www.realclearmarkets.com/2012/05/16/how_keynes_would_solve_euro_crisis_126949.htmlhttp://www.ft.com/intl/cms/s/0/55d094cc-9e74-11e1-a24e-00144feabdc0.html#axzz1uvjcS3js 100126949 AM Update Marcus Miller & Robert Skidelsky, FT Wed, 16 May 2012 04:13:28 -0500 Some two decades ago, when Europe's leaders worked out the details of their grand vision to connect the European Union with a single currency, virtually every economist on this side of the Atlantic "” and most of those on the other. . .]]>http://www.realclearmarkets.com/2012/05/16/a_tempting_rationale_for_a_euro_exit_126944.htmlhttp://www.nytimes.com/2012/05/16/business/economy/leaving-the-euro-may-be-better-than-the-alternative.html?_r=1&ref=business 100126944 AM Update Eduardo Porter, New York Times Wed, 16 May 2012 04:06:07 -0500 I've seen the gold standard blamed for a lot of things in my day"”the busts of the 19th century, the travails of the farmer back when, the Great Depression"”but I'd never thought I'd see the blame for the serial economic crises we're enduring today. . .]]>http://www.realclearmarkets.com/2012/05/16/the_claims_against_gold_still_aren039t_sticking_126942.htmlhttp://www.forbes.com/sites/briandomitrovic/2012/05/15/the-claims-against-gold-still-arent-sticking/ 100126942 AM Update Brian Domitrovic, Forbes Wed, 16 May 2012 04:07:05 -0500 I vividly recall a conversation about seven years ago with someone in the oil and gas exploration business whom I assumed was ramping up oil drilling because of the rising price of crude. But the answer surprised me. . .]]>http://www.realclearmarkets.com/articles/2012/05/16/unconventional_energy_meets_conventional_politics_which_will_win_99670.htmlhttp://www.realclearmarkets.com/articles/2012/05/16/unconventional_energy_meets_conventional_politics_which_will_win_99670.html 200126939 AM Update Steven Hayward, RCM Wed, 16 May 2012 04:45:06 -0500 Photograph by Ian Cook/Time & Life Pictures/Getty ImagesFrom left, manager Peter Grant with Led Zeppelin singer Robert Plant and bass guitarist John Paul Jones at Knebworth House.British music industry school Bristol Institute of Modern Music (BIMM) is launching a three-year music management course and offering a £16,000 ($25,593) scholarship named after the late Led Zeppelin manager Peter Grant. Grant"”who also managed the likes of Chuck Berry, Little Richard, and Jimmy Page's earlier band, the Yardbirds"”cut unprecedented bargains with...]]>http://www.realclearmarkets.com/2012/05/16/the_music_business_5_led_zeppelin_lessons_126948.htmlhttp://www.businessweek.com/articles/2012-05-15/five-lessons-from-musics-most-feared-manager-led-zeppelins-peter-grant 100126948 AM Update Claire Suddath, BusinessWeek Tue, 15 May 2012 04:26:24 -0500 ]]>http://www.realclearmarkets.com/2012/05/15/is_the_looming_03913_fiscal_cliff_just_a_myth_126899.htmlhttp://www.washingtonpost.com/opinions/is-the-fiscal-cliff-just-a-myth/2012/05/14/gIQAM5tkPU_story.html 100126899 AM Update Charles Lane, Washington Post Tue, 15 May 2012 04:07:19 -0500 Rarely does a week go by without some financial or economic commentator proclaiming what is impossible; specifically that we're experiencing or that we're going to experience both inflation and deflation together. . .]]>http://www.realclearmarkets.com/articles/2012/05/15/deflation_the_most_misunderstood_word_in_economics_99669.htmlhttp://www.realclearmarkets.com/articles/2012/05/15/deflation_the_most_misunderstood_word_in_economics_99669.html 200126877 AM Update John Tamny, RCM Tue, 15 May 2012 04:35:11 -0500 ]]>http://www.realclearmarkets.com/2012/05/15/greek_crisis_imperils_global_economy_126901.htmlhttp://www.latimes.com/news/nationworld/world/la-fg-greece-europe-standoff-20120515,0,1606219.story 100126901 AM Update Henry Chu/Anthee Carassava, LAT