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Is Mr Brown prepared to assert the rights of nation states to control capital flows?
He also masters the political issues he writes about -- abortion, gun control, capital punishment.
The aftermath of the bubble can be seen in the disarray of companies like Lucent and in the determination of nearly all companies to control capital spending.
Many emerging markets have initiated measures to control capital flows in a bid to keep their currencies from appreciating too rapidly.
Even if it were still possible to control capital flows that way which it would not be, given the sophistication of America's financial institutions who would want to?
The McMahon mission in a nutshell: expanded Medicare and services for the elderly; increased research on AIDS and cancer; gun control; capital punishment; rent control; higher minimum wage and teachers' salaries; the sovereignty of Israel's borders.
Similar(45)
Mr. Einhorn also decried what he called out-of-control capital spending that he said was growing much faster than the company's business.
The Japanese want a special fund to help South-East Asian countries, and are mumbling about controlling capital flows.
Such investors tend to focus on generating strong cashflow, and controlling capital expenditure strictly, so that the debt can be serviced.
Others interpret it to mean more strictly controlled capital markets, which have made a re-appearance even in previously open countries like Brazil.
If Mahathir doesn't lift controls, capital will ooze out of the country.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com