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The Time for Innovative Policy Action
Written by Michael Carbone
With the current European sovereign debt crisis roiling the markets and the recent US subprime crisis, bank failure, and debt ceiling debacle still in the minds of countries and investors, critical attention has been refocused on credit rating agencies and institutional mechanisms in abetting the crises and the steps needed […]
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INCRA: How to Creditably Rate Sovereign Risk
Written by Michael Carbone
Surrounded by real world examples of conflicts of interest by “Big Three” for-profit credit rating agencies–Standard & Poor, Moody’s, and Fitch, the Bertelsmann Foundation unveiled the blueprint for a hypothetical international nonprofit credit rating agency (INCRA) on April 19th at the climax of the Bertelsmann Foundation – Financial Times Conference […]
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Fiscal Consolidation: A Technical Term for Partisan Quarrels
Written by Josh Grundleger
Congressman Gregory Meeks discusses budget deficits and the need for fiscal consolidation in the United States. But politicians do not appear to be ready to make the tough choices to develop a package of tax cuts and spending cuts that will correct America’s fiscal mess.
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Making a Comeback: The Bertelsmann Foundation’s flagship 2012 conference
Written by ArriannaMarie
The 4th Annual Bertelsmann Foundation Conference’s theme “A Return to Jobs and Growth” was relevant and timely. The panels with participants including Sri Mulyani Indrawati (Managing Director of the World Bank and former Minister of Finance for Indonesia), Hilda L Solis (Secretary of Labor), Ursula von der Leyen (Federal Minister […]
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A Blueprint for an International Non-Profit Credit Rating Agency
Written by ArriannaMarie
At the 4th Annual Bertelsmann Foundation Conference on global financial recovery and jobs, the blueprint for an International Non-Profit Credit Rating Agency (INCRA) was unveiled. The presentation, entitled “Positive Outlook: A Blueprint for an International Non-Profit Credit Rating Agency,” addressed several topics, including concerns about for-profit credit rating agencies’ potential […]
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Making a Comeback: In the Know – Learning to Create Jobs
Written by ArriannaMarie
The Bertelsmann Foundation’s fourth annual conference (19 April 2012 in Washington, DC) included a panel entitled “In the Know, Learning to Create Jobs.” The participants were Sergio Silva do Amaral (Chairman of the China-Brazil Business Council and Brazil’s former Minister of Trade and Industry), Thomas J Donahue (President and CEO […]
