North America
California cap-and-trade takes carbon market to new heights
While far from perfect, cap-and-trade emissions trading looks to be the future of combating climate change. California, a new entrant to the scene, is already making a big splash in
After IMF inequality report, what’s next for US tax policy?
The IMF has joined in on the income inequality debate, arguing that rising inequality is depressing economic growth and fueling political instability. Although the issue remains polarizing in the United
“Too Big to Fail” banks enjoy lower funding costs despite stronger regulations
Implicit subsidies for large systemic banks has come down since the crisis but it is still higher than before, reflecting an ongoing perception of government support for the largest banks. While
Separatist defeat in Quebec elections calms investors
The stunning defeat of the Parti Quebecois at the hands of the Liberal Party effectively kills the French-Canadian quest for autonomy – at least until the next election. When premier Pauline
What US oil boom can learn from Australia and Canada
America’s new oil boom is reshaping the global energy dynamic, and the U.S would be wise to heed lessons from Canada and Australia. You will hear it out of many
FATCA a big leap in tax enforcement
The US pushes to strengthen tax enforcement with an act set to come into force this July. The benefits are clear, but it remains to be seen how the costs of the
Obamacare enrollment date pushed back
Opponents of the new health care law in the United States are seeking to make the law too convoluted to be successful. For a law so fraught with delays and false
GM’s risk management failures provide lessons for other firms
Strategic fails afford valuable lessons. There is something to be learned from the spectacular recent failure of General Motors’ once highly-touted enterprise risk management program. In 2012, G. Mustafa Mohatarem,
How much slack does the U.S. labor market really have?
U.S. labor market slack, the unused part of economic production capacity, is an important economic indicator used by the Federal Reserve to determine forward guidance. The question is how much
U.S. beef recall affects fragile agribusiness supply chain
A recent U.S. federal government recall of tainted beef illustrates the complexity and pressing risks of the global food supply chain. Managing these risks is critical to agribusiness, the well-being
