“…We urged the Commission to be more aggressive in laying out structural reforms to the markets and more specific limits on dangerous automated trading practices. The current Supplemental NPRM does not change our basic assessment, as it maintains the basic framework of the 2015 NPRM, with no movement toward additional specificity in risk limits or risk control requirements or reduced discretion for market actors in designing and implementing risk controls…
A Capitol Hill briefing with JARED BERNSTEIN, Senior Fellow, Center on Budget and Policy Priorities; former chief economist to the Vice President; SARAH ANDERSON, Global Economy Project Director, Institute for Policy Studies; DAVID HILLMAN, Director of Stamp Out Poverty and Founder of the Robin Hood Tax Campaign (UK); ANDREW HANAUER, Campaigns Director, Jubilee USA Network; HEATHER SLAVKIN CORZO, Director of the AFL-CIO Office of Investment; and ROBERT WEISSMAN, President of Public Citizen.
Congress will soon be back from recess – and back to gnashing its teeth over the budget and the various important things that, too many in that branch of government now contend, our country can no longer afford to do. They could expand their sense of the possible by considering a source of revenue they have so far largely ignored – a small tax on sales of stocks, bonds, and complex financial instruments.
A Tool for Financial Stability & Economic Recovery Webinar Briefing Sponsored by: AFL-CIO | Americans for Financial Reform | Center for Economic and Policy Research Communications Workers of America | The Main Street Alliance | Public Citizen JUNE 10, 2013 12pm EDT. A Wall Street
Cracks in the Pipeline: New Demos report documents growth of financial economy at real economy’s expense
New Demos report documents the swollen growth of the financial economy at the expense of the real economy.
“It’s really profoundly immoral to talk about things like cutting Medicare when this policy measure sits in front of us” – AFL-CIO Director of Policy Damon Silvers, speaking at a November 30 briefing on Capitol Hill.