Rethinking Lifetime Bans for White-Collar Criminals
Prolonged bans are excessive and counterproductive.
Wall Street
The Capital Letter: Week of December 7
Bubble tea and much, much more.
Counting the Shareholder Out: When the Ruling Class Changes the Rules
A ‘socially responsible’ numbers game.
Has Wall Street Veered Left?
On the menu today: a paradigm shift on Wall Street, Airbnb’s IPO, China’s private-sector crackdown, and the Lindy Effect.
Wall Street, Woke Capitalism, and China
On the menu today: Wall Street and China, Chinese debt and “Lake Woebegone” ratings, Europe’s banks, lawyers seeing green, and Poland flunks an Estonian tax lesson.
Elizabeth Warren Eyeing Treasury Secretary Post if Biden Wins
A Warren appointment would please progressives who have called for her to get the role, but would likely receive pushback from Wall Street.
Biden Is Wall Street’s Candidate
Joe Biden is scooping up the lion’s share of big-money contributions from finance leaders on Wall Street.
Trump Accuses Biden of Cozying Up to Wall Street Donors
President Trump accused rival Joe Biden of being beholden to Wall Street interests during the Thursday presidential debate.
The Capital Note: Election Trades & Real Estate Troubles
On the menu today: Wall Street braces itself for November, trouble in commercial real estate, and a look at exponential-growth bias.
The Capital Note: Forward Guidance & the Fate of Cities
On the menu today: the Fed’s forward guidance, the fate of cities, and the use of collateral in emerging markets.