On December 10, 2013, the Federal Deposit Insurance Corporation approved the "Prohibitions and Restrictions on Proprietary Trading and Certain Interests in, and Relationships With, Hedge Funds and Private Equity Funds," part of the Dodd-Frank Act commonly known as the Volcker Rule.
It's time to get tougher with China. That's the refrain heard just a bit louder here and in Asia after China's imposition of an air ID zone over disputed islands and the Biden trip, writes Leslie H. Gelb.
Several U.S. technology companies, Google, Facebook, Apple, Microsoft, Twitter, Yahoo, LinkedIn, and AOL, published an open letter to the government in newspapers on December 9, 2013. The letter requests an end bulk collection of user data, including email, address books, and video chats, and lists accountability and transparency principles the companies support.
"After a decade of paedophilia scandals, the allegations of financial impropriety seemed set to unleash another storm of criticism and had to be addressed. Outside auditors as well as financial risk consultants were already coming into the Vatican but the arrest of Scarano made the case for reform unavoidable. "We cannot have any more scandal. It is so shameful," a senior member of the Vatican's financial administration said."
Gayle Tzemach Lemmon argues why it is in U.S. interests to create an American development bank that invests in small- and medium-sized businesses, including those owned by women, in the world's least-developed and newly emerging economies.
It has been a generation since our country last had a robust conversation about combatting poverty. Now is the time to reinvigorate that conversation, not cut needed benefits, write Robert E. Rubin, Roger C. Altman, and Melissa Kearney.
"The crisis unleashed by Yanukovich's rejection of EU overtures in favour of closer ties with former master Moscow has cast fresh light on the intrigue and promiscuous politics of Ukraine's post-Orange Revolution elite; like all good businessmen, oligarchs hedge their bets."
While a fresh face at the helm of the Pakistani military undoubtedly raises American hopes for a less frustrating relationship, Daniel Markey writes that Washington should keep its expectations firmly in check and at least one eye out for trouble.
Vice President Joe Biden met with Chinese President Xi Jinping on December 4, 2013, during the vice president's trip to Asia. The vice president also spoke to the American Chamber of Commerce in Beijing and the U.S.-China Business Council on December 5, 2013.
The World Bank's Multilateral Investment Guarantee Agency works to promote foreign direct investment (FDI) into developing countries and produces a report on investors' perceptions of political risk as they affect FDI, as well as the role of the political risk insurance industry in mitigating these risks.
The Council on Foreign Relations' David Rockefeller Studies Program—CFR's "think tank"—is home to more than seventy full-time, adjunct, and visiting scholars and practitioners (called "fellows"). Their expertise covers the world's major regions as well as the critical issues shaping today's global agenda. Download the printable CFR Experts Guide.