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High-frequency trading — using computer algorithims to trade stocks by the millisecond — has exploded in recent years. One Democratic Rep. is urging the Securities and Exchange Commission to do something about it, using a law that he authored more than two decades ago : Rep.

Tags: action, climate, ed markey, financial regulation, lgbt, massachusetts, power, security, stock market, transportation

“Hope and change,” the ’08 Obama promised. It sounds like a bitter joke to many now. What change have we seen, they ask

Tags: action, africa, climate-change, election, financial regulation, internet, lgbt, media, politics, tweets

JP Morgan Chase, the largest American bank, announced record third-quarter profits today of $5.7 billion . Those billions were made even as the bank is still working out the multi-billion dollar “London Whale” trading debacle.

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Two years ago, the Federal Reserve of Chicago warned the Securities and Exchange Commission about the dangers high-frequency trading posed to financial markets and the overall economy, but SEC regulators have been slow to move on reforms and rules that would limit the practice, according to a Reuters report. High-frequency trading has caused multiple damaging “flash crashes” in the two years since, and the SEC has instituted small reforms aimed at mitigating the damage. But it is still dragging its feet on large-scale proposals by the Chicago Fed and other proponents of limiting the practice, Reuters noted: The Chicago Fed said exchanges and other trading platforms should install more risk controls, even if it slowed down trading, including a “kill switch” at the trader workstation level.

Tags: action, economy, feeds, financial regulation, governor, jobs, obama, security, taxes, war

After nearly a decade of steep declines, American manufacturing jobs have begun to rebound since the beginning of the Obama administration, as the slide that occurred under President George W. Bush and during the Great Recession has largely been reversed. Manufacturing slumped in the first year of the Obama administration as the nation dealt with the effects of the recession, but since then, manufacturing has posted job gains in all but three months since February 2010, as Bloomberg Government reports: The BGOV Barometer shows U.S.

Tags: black, financial regulation, pennsylvania, progressive news, science, the nation, thinkprogress, tweets

In recent years, Republicans have taken to calling uber-wealthy Americans “job creators” to justify holding the government hostage to protect their low tax rates.

Tags: author, capital-gains, congress, economy, feeds, financial regulation, health, lgbt, obama, security, taxes, university

Most economists polled in a recent survey said that the U.S. shouldn’t cut federal spending next year due to the potential for those cuts to blunt economic growth. “ Only 33% of the 236 economists surveyed said fiscal policy should be more restrictive next year,” the Wall Street Journal reported

Tags: donate, election, facebook, feeds, financial regulation, government, left-bottom, science

A shell company is a business with no actual employees or assets. It exists only on paper, as a purely legal artifact, and is sometimes what’s used when a company incorporates offshore. Shell companies have their legitimate uses, such as addressing brand concerns

Tags: australia, black, facebook, feeds, financial regulation, health, international law, taxes, tweets, united-states

Former Bank of America Executive Sallie Krawcheck Back in July, former Citigroup CEO Sandy Weill — who is largely credited with convincing lawmakers in Washington to shatter the Depression-era regulations separating commercial banks from risky investment banks — said that the nation’s biggest banks should be broken up . This led to an outcry from Wall Street executives, who claim that banks need to be big and complex in order to be competitive . But at least one more former Wall Street executive thinks that banks today are too big to manage.

Tags: action, america, archives, author, climate, congress, financial regulation, media, yahoo

As the presidential campaign heads into the frantic final months, more and more Beltway reporters and pundits appear united in their complaint that the Obama vs. Romney contest has been a “joyless” affair. It’s been so joyless — so lacking in entertainment value — that journalists can’t wait for the campaign to be over.

Tags: articles, author, democratic, desktop, elections, entertainment, financial regulation, security