New banking sheriff will aim further to the right
By Daniel Indiviglio
The author is a Reuters Breakingviews columnist. The opinions expressed are his own.
The newest banking sheriff will be aiming further to the right. Jeb Hensarling, a Republican from Texas, will probably be the next chairman of the agenda-setting U.S. House Financial Services Committee. Like most GOP legislators, he wants to gut the Dodd-Frank financial reforms. Hensarling is also keen to get Uncle Sam out of the housing market and has supported refocusing the Federal Reserve. Especially following President Barack Obama’s re-election, though, such a bold agenda could be tough to advance.
Obama’s legacy depends on second-term compromise
By Daniel Indiviglio
The author is a Reuters Breakingviews columnist. The opinions expressed are his own.
A successful second term for U.S. President Barack Obama depends on him learning to compromise. He won’t have much time to celebrate his win over Mitt Romney before confronting a mandatory raft of tax increases and spending cuts. To avert an imminent recession, he will need to channel his predecessor Bill Clinton and bring together a divided Congress on fiscal reform. A grand bargain could assure his place in history.
The biggest winner in U.S. election: Mr. Uncertainty
By Daniel Indiviglio
The author is a Reuters Breakingviews columnist. The opinions expressed are his own.
Mr. Market might as well concede now to Mr. Uncertainty. Although American polls won’t close until Tuesday evening, neither President Barack Obama nor his challenger Mitt Romney is likely to emerge with a robust mandate. It doesn’t take a worst-case, state-by-state recount scenario to foresee market gridlock.
New mortgage market forecaster deserves two cheers
(The author is a Reuters Breakingviews columnist. The opinions
expressed are his own.)
By Daniel Indiviglio
WASHINGTON, Nov 2 (Reuters Breakingviews) – A new U.S.
mortgage market forecaster deserves two cheers. The Federal
Housing Finance Agency and the Consumer Finance Protection
Bureau are developing a national home loan database to gain
better insight into the sector. It’s a smart idea, but it only
covers a sliver of mortgages and replicates some private
initiatives.
U.S. housing recovery not as solid as it looks
(The authors are Reuters Breakingviews columnist. The opinions
expressed are their own.)(Fixes links.)
By Daniel Indiviglio and Agnes T. Crane
WASHINGTON/NEW YORK, Oct 25 (Reuters Breakingviews) – The
recovery in U.S. housing is not as solid as it looks. Prices
were up 4 percent in the six months to July, according to
Case-Shiller. But that may be built on a less than solid
foundation. That’s because cash-rich investors looking to buy
properties to rent, whether new or out of foreclosure, seem to
be driving the uptick, not regular consumers. That’s helpful,
but if investors find better opportunities before individuals
jump back in, the recovery may falter.
Stock investors vault ahead of housing recovery
(The author is a Reuters Breakingviews columnist. The opinions
expressed are his own.)
By Daniel Indiviglio
WASHINGTON, Oct 15 (Reuters Breakingviews) – After years of
shunning the American housing market, investors may now be a
little too keen. Shares of Realogy (RLGY.N: Quote, Profile, Research), an operator of
real-estate agencies, jumped about 25 percent from last week’s
IPO price. Other home-correlated stocks have also zoomed past
their bubble-era levels: Home Depot (HD.N: Quote, Profile, Research) is 66 percent above
its 2005 high. Economic signals point to recovery, but not quite
the bonanza investors seem to be anticipating.
Romney’s foreign policy doesn’t seem so austere
By Daniel Indiviglio
The author is a Reuters Breakingviews columnist. The opinions expressed are his own.
Mitt Romney’s foreign policy doesn’t match his thrifty approach to other spending. The U.S. Republican presidential candidate’s speech on Monday suggests a George W. Bush-like interventionist streak, another step away from the party’s pre-World War Two isolationism. That could lead to more Middle East conflict and defense spending. It’s also just as risky as President Barack Obama’s stance.
Wal-Mart’s banking twist curls through many cracks
By Daniel Indiviglio
The author is a Reuters Breakingviews columnist. The opinions expressed are his own.
Wal-Mart and American Express have teamed up for a useful kind of financial innovation. The Bluebird card they unveiled on Monday targets Americans lacking access to many banking services. It may also tempt other customers with a model that’s neither credit nor typical debit. But with deposits uninsured, regulators will have to watch closely.
Nine answers that should win the White House
By Daniel Indiviglio and Antony Currie
The authors are Reuters Breakingviews columnists. The opinions expressed are their own.
President Barack Obama and his Republican opponent Mitt Romney finally face off in their first presidential debate on Wednesday evening. With domestic policy as the theme, the two are likely to be challenged to outline their policies for fixing the economy. Breakingviews concocts the nine answers we’d like to hear – ones that could win either candidate the White House in November.
Pandora’s income stream on congressional playlist
By Daniel Indiviglio
The author is a Reuters Breakingviews columnist. The opinions expressed are his own.
Pandora’s income potential could soon be set loose. New U.S. legislation proposes to recalibrate how music royalty payments are made for online radio companies. Such costs lock up about half of Pandora’s revenue. A new Breakingviews calculator shows just how much value could be released by reducing them.
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