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The Mount Washington Hotel in Bretton Woods, New Hampshire. (Reuters/Brian Snyder) Throughout history, international orders have been constructed, contested, upended and dismantled. The current international order goes back to the end of World War II. The period before — between the two world wars and including the Great Depression that resulted after the 1929 stock market crash — had already proven that a multilateral scheme based on a gold exchange standard was not optimal (or even possible, given that gold reserves were primarily held in the central banks of a few states), and, ultimat...

'Big Brother' legislation Central bank, financial regulator should take step back The Bank of Korea (BOK) and the Financial Services Commission (FSC) are locking horns with each other over the latter's plan to control the country's settlement payment system involving big-tech companies, such as Naver and Kakao. "It was a misconception for the BOK called the revision to the Electronic Financial Transaction Act a Big Brother law," FSC Chairman Eun Sung-soo said last Friday. "We are a little upset." The FSC head was responding to a BOK statement issued a few days earlier, in which the central ...

Institutions. >> there are institutions who give you pennies on the dollar if you have an extended payment settlement. that's not fair and we're trying to do something about that. we've come up with a new tactic at the murphy firm. we're now suing these big slumlords because the housing conditions are abominable. the repairs just don't get made. the residents don't know there's a rent escrow law that permits them to hold their rent in escrow to force their landlord to make the repairs necessary. the living conditions are abominable. there is a lack of sensitivity in rent court. a lot of it has...

Right there. when it happens, we'll bring it to you. meantime, back to goldman sachs, which agreed to shell out $550 million in its fraud case linked to the mortgage meltdown. the payment settlement charges the wall street giant defrauded buyers in investments for prime mortgages. 9 biggest ever levied against a wall street firm in the history of the security and exchange commission, but it is still under 5% of goldman's net income last year. so what does this penalty really mean for goldman sachs moving forward? ryan mack, president of opt numb capital management joining us now from new yor...