Monetary policy in the US and EU after quantitative easing

… Monetary policy in the US and EU after quantitative easing, the case for asset based reserve requirements ABRR – Published on Real World Economics Review, issue no 68, by Thomas I. Palley, Aug 21, 2014.

  • Abstract: This paper critiques the Federal Reserve’s quantitative easing (QE) exit strategy which aims to deactivate excess liquidity via higher interest rates on reserves. That is equivalent to giving banks a tax cut at the public’s expense. It also risks domestic and international financial market turmoil. The paper proposes an alternative exit strategy based on ABRR which avoids the adverse fiscal and financial market impacts of higher interest rates. ABRR also increase the number of monetary policy instruments which can permanently improve policy. This is especially beneficial for euro zone countries. Furthermore, ABRR yield fiscal benefits via increased seignorage and can shrink a financial sector that is too large. Continuer la lecture de « Monetary policy in the US and EU after quantitative easing »

Bank of America to Pay $16.65 Billion to Settle Mortgage Fraud Charges

Published on CorpWatch, by Pratap Chatterjee, Aug 21, 2014.

Bank of America has agreed to pay the government $9.65 billion to settle charges of misleading investors over mortgage lending in the run up to the 2008 financial crisis. The bank will also pay out an additional $7 billion to help borrowers and communities affected by the loans.

The settlement agreement was hammered out by the U.S. Department of Justice, the Securities and Exchange Commission and the attorney generals of six states – California, Kentucky, New Jersey, New York, North Carolina and Maryland. Similar large multi billion dollar settlements over mortgage related fraud have recently been reached with JP Morgan and Citigroup for$13 billion and $7 billion respectively.   Continuer la lecture de « Bank of America to Pay $16.65 Billion to Settle Mortgage Fraud Charges »

German NGO says TTIP will undermine global food security

Published on EurActiv, July 25, 2014.

.The German aid organisation Brot für die Welt warns that a planned EU-US free trade agreement known as TTIP will undermine local support for smallholders in developing countries and exacerbate the global food crisis. EurActiv Germany reports … //

… Support for regional food products under question: … //

… Local farmers disadvantaged:   Continuer la lecture de « German NGO says TTIP will undermine global food security »

AGROFORESTRY

Achieving food and nutritional security through family farming – Published on World Agroforestry Centre, by Kate Langford, August 20, 2014.

With the International Year of Family Farming taking place in 2013, renowned Indian agricultural scientist, M S Swaminathan looks at what is needed to support these most important of producers in achieving food as well as nutritional security, especially in India.

It is estimated there are around 500 million farming families in the world. The International Year of Family Farming “offers an opportunity for achieving a shift from food security to nutrition security,” says Swaminathan. “Family farms tend to be based on crop, livestock, fish, agroforestry and mixed farming systems” which means they lend themselves to being made both nutrition and environment sensitive.   Continuer la lecture de « AGROFORESTRY »