India's governance crisis: Tales from the battlefront

The Competition Commission of India (CCI) has written an order on NSE and MCX-SX in the currency derivatives market. Even if you do not take interest in financial markets, this is an interesting episode in Indian governance. It illuminates the larger problems of building regulatory agencies, and India’s middle income trap.

In an impressive . . . → Read More: India’s governance crisis: Tales from the battlefront

Why ask why?

Let’s see.  News from New York City is that their municipal pension funds are doing pretty well and were up over 20% over the last year.  I wonder how that compares to the City of Pittsburgh’s investment return?  Oh, nevermind. Does not seem to be a question anyone cares about.

Actually, not to be . . . → Read More: Why ask why?

Stephen Maresca: Are Midstream MLPs Going Mainstream?

Judging from fund flows into some of the Master Limited Partnerships (MLPs) he tracks, investors apparently agree with Stephen Maresca, Morgan Stanley’s MLP expert, that the midstream sector of the oil and gas industry has gone mainstream. As Stephen tells The Energy Report in this exclusive interview, investors want exposure to the income, yield . . . → Read More: Stephen Maresca: Are Midstream MLPs Going Mainstream?

Economic Events on July 8, 2011

The Monster Employment Index for June was released today, and the index moved up 3 points to a value of 146, which is 3.5% higher than last June’s value.

At 8:30 AM EDT, the Employment Situation report for June will be announced, and the consensus for non-farm payrolls is an increase of 105,000 jobs . . . → Read More: Economic Events on July 8, 2011