On August 18, 2016, Donald J. Trump tweeted, “They will soon be calling me Mr. Brexit.” Markets may agree. The uncertainty of November 8 vote may impact markets similar to the EU Referendum, which resulted in the Brexit. The vote to leave the EU went against most economists’ perpetual warnings of a Brexit. The former…
All posts by Deena Zaidi
The Curious Case of Campaign Finance – 2016
The infamous 2010 Citizens United ruling introduced big money to politics. Through unlimited sums of money during the election campaigns, wealthy donors can sway the votes. But the problem may not be around the unlimited sums of money but the ‘non-disclosure’ part of it. In a 2015 poll, 87% of the respondents wanted to reduce the…
Why is TPP a Big Deal?
The Trans-Pacific Partnership (TPP) has been an ongoing trade deal that was finally agreed upon by all the 12 countries. The secret deal connects 12 countries of US, Brunei, Chile, Australia, Singapore, Japan, Mexico, Vietnam, New Zealand, Canada, Malaysia, and Peru. The regional trade deal is already receiving mixed reviews that are focused on the environmental, labor, trade and intellectual property…
Libor Scandal and the Plight of Big Banks
Libor manipulation can bankrupt sixteen big banks and shake investors’ confidence. Libor rigging involves billions of dollars as profits. The big banks include Bank of America, JP Morgan Chase and Citigroup. While the first rigging case was brought to light in 2012 (Also Read: The LIBOR Fallout – A Big Bank scandal )the scandal dates back…