US election reopens financial reform debate

2016 ◽  
Keyword(s):  
Financial Regulation ◽  
Financial Reform ◽  
Divided Government ◽  
The Political ◽  
Political Debate ◽  
Content Type ◽  
Financial Crimes ◽  
National Electorate ◽  
Reform Debate

Significance The resilience of the Sanders campaign ahead of the February 1 Iowa caucuses despite its low pre-2015 profile with the national electorate, and the vigilance of banking watchdog Elizabeth Warren in the Senate, continue to shift the political debate on financial regulation leftwards, particularly among Democrats. Impacts Overlap between Republicans and Democrats on Fed transparency may lead to greater scrutiny of the central bank's operations post-2016. Pressure to police and prosecute financial crimes more aggressively will continue to build and will not require legislation to achieve. The likely persistence of divided government will prevent either party from updating bank regulatory legislation.

Tunisia reconciliation law will overcome opposition

2015 ◽  
Keyword(s):  
Transitional Justice ◽  
Tax Evasion ◽  
The Political ◽  
Economic Potential ◽  
Public Officials ◽  
Old Regime ◽  
Content Type ◽  
Financial Crimes ◽  
Justice Process ◽  
Islamist Movement

Subject Reconciliation law prospects Significance Tunisia's parliament is expected to debate a controversial reconciliation law proposed by President Beji Caid Essebsi, which grants amnesty for financial crimes committed during the rule of President Zine El Abidine Ben Ali (1987-2011). The law aims to recover an estimated 3.5 billion dollars from thousands of former public officials and businessmen acquired through embezzlement, unfair loans and tax evasion. The legislation contradicts and undermines a 2013 transitional justice law intended to uncover past abuses and promote a transitional justice process. Impacts Whitewashing past financial abuses will deepen a sense among many Tunisians that the old regime remains firmly in control. Without addressing authoritarian economic structures and passing economic reforms, Tunisia's economic potential will remain limited. Tensions within the Islamist movement Ennahda will intensify, furthering a push for separating the political party from the movement.

Western fears of encryption lack substance

2015 ◽  
Keyword(s):  
United States ◽  
United Kingdom ◽  
Law Enforcement ◽  
The United States ◽  
Terrorist Attacks ◽  
Consumer Trust ◽  
The Political ◽  
Political Debate ◽  
Content Type ◽  
Negative Effect

Significance In the wake of the terrorist attacks in Paris, the political debate on law enforcement 'going dark' due to encryption has resurfaced again in the United States and United Kingdom. However, governments have yet to demonstrate evidence of a loss of security capability because of encryption. Impacts The 'going dark' debate may be being used to distract from security agencies' existing surveillance capabilities. The debate's outcome could have a severe negative effect on consumer trust in internet-based businesses. Businesses will see opportunities in relocation to jurisdictions with robust laws that do not weaken cryptographic systems.

scholarly journals Entrepreneurial marketing and digital political communication – a citizen-led perspective on the role of social media in political discourse

2020 ◽  
Vol 22 (2) ◽  
pp. 145-159
Author(s):  
Nihar Amoncar
Keyword(s):  
Social Media ◽  
Political Communication ◽  
Online Communities ◽  
Political Discourse ◽  
The Political ◽  
Fake News ◽  
Political Debate ◽  
Content Type ◽  
Entrepreneurial Marketing ◽  
Use Of Social Media

Purpose The paper intends to explore the role and function of citizen-led social media forums in the marketing of political discourse. Using the entrepreneurial marketing (EM) perspective of “co-creation of value”, this paper aims to explore the manner in which consumers of political communications in a specific region have created user generated value via setting up Facebook forums to manage the risk created by fake news and the trust deficit between citizens and mainstream media (MSM). Design/methodology/approach The paper adopts a “netnographic” approach to investigation and the data is analysed manual coding (Kozinets, 2015). Facebook groups form the virtual research field in in the context of this study. This approach is adopted because in a social media environment, netnography capitalises over a growing virtual and online communities and allows researchers to study the richness of these online communities (Mkono and Markwell, 2014). Findings The study provides insights on how administrators and moderators of Facebook groups create value for other users by identifying and communicating the risks emerging from social media-based political communication. The study finds that such citizen-led initiatives act as online social aggregators. The value that such groups offer its users/members resides within a well-bound, controlled and moderated online medium that encourages users to counter fake news and misinformation – thereby solving a key problem within the user market i.e. citizen-media trust deficit. Research limitations/implications The study uses a qualitative, netnographic approach and the emerging insights cannot be generalised. The emergent findings are specific to the context of this study and researchers are encouraged to further test the propositions emerging from this research in varied contexts. Practical implications The study extends the application of EM in political contexts using the seven dimensions of EM, which will provide impetus for future political campaigns in terms of unique value creation for publics. The paper also emerges with the role citizen-initiated forums can play in the effective dissemination of digital political communication as user generated content is aiding political debate. Social implications The study helps highlight the role Facebook forums can play in informing the political discourse within a region. The general distrust amongst the citizens over information produced by MSM has meant vocal critics have taken to Facebook to provide their subjective opinions. Although the findings of this study show that such forums can help identify “fake news” and help citizens discuss and debate the truth, it can also become an avenue to manage propaganda amongst the “unaware” citizens. This paper flags up the issues and benefits of using Facebook forums and in conclusion relates them to similar occurrences of the past to make society aware of the pitfalls of managed propaganda. Originality/value The paper takes initiative in investigating the use of social media in politics from the citizens’ perspective, which is comparatively marginalised against the number of studies taking place, which investigate the political party end use of social media for political marketing.

Deliberations in the Turkish parliament

2015 ◽  
Vol 14 (2) ◽  
pp. 258-284
Author(s):  
Meltem Müftüler-Baç ◽  
Rahime Süleymanoğlu-Kürüm
Keyword(s):  
European Union ◽  
Foreign Policy ◽  
The Political ◽  
The European Union ◽  
Political Struggle ◽  
Political Debate ◽  
Content Type ◽  
Parliamentary Debates ◽  
Political Perceptions ◽  
Turkish Politics

Parliamentarians find themselves engaged in political struggle through the medium of language and constrained by their own rhetoric. These parliamentary debates reveal political perceptions. The external perceptions about the European Union emerge as a relatively understudied topic in political science. This brings forth the following question; how is the European Union and its foreign policy perceived externally? This paper focuses on one particular country, Turkey and the political deliberations within the Turkish Parliament, in order to assess the external perceptions of the EU. The paper analyzes the political debate in Turkey through an investigation of the proceedings of the Turkish Parliament, the legislature in Turkish politics, from 1998 to 2012. The proceedings in the Turkish Parliament enable us to analyze the different political camps’ positions by looking into their deliberations on the European foreign policy thoroughly. This analysis enables us to uncover the Turkish view on the European foreign policy.

US Democrats will seek to rebuild from the Senate

2016 ◽  
Keyword(s):  
Presidential Election ◽  
Democratic Party ◽  
Financial Regulation ◽  
State Level ◽  
The Political ◽  
Left Wing ◽  
Content Type ◽  
Midterm Elections ◽  
President Elect

Subject Senate Democrats and the post-election party. Significance The 115th Congress will be sworn in on January 3 and President-elect Donald Trump's inauguration will occur on January 20. After bitter internal disputes over the ideological direction of the party and the reasons for Hillary Clinton's shock election loss, the Democratic Party will have to reformulate itself in opposition to the political programme of Trump and a Republican-controlled Congress. The party also will need to resolve questions of leadership, electoral strategy and policy priorities ahead of the 2018 midterm elections and 2020 presidential election. Impacts The record-low number of state-level seats held by Democrats will hinder recruitment of federal candidates with strong local credentials. Senate Democrats are likely to let most Trump appointees through confirmation and attack them once in office. Advocates of environmental and financial regulation from the party's left wing will pressure their centrist leaders.

New Canadian party will launch next week

2018 ◽  
Keyword(s):  
Management System ◽  
Conservative Party ◽  
Supply Management ◽  
The Political ◽  
Political Debate ◽  
Content Type

Significance Canada’s opposition federal Conservative Party splintered on August 23, when Bernier left, citing irreconcilable differences with the party as it has developed under leader Andrew Scheer. Impacts If a Trudeau administration stays after 2019, US-Canada ties could be rocky again given both leaders’ animosity. Bernier will push to shift the political debate to include healthcare, immigration and farm supply management. Pressure will grow to dismantle Canada’s supply management system, but this outcome is unlikely at present.

Influence of social media will grow in Madagascar

2021 ◽  
Keyword(s):  
Social Media ◽  
The Political ◽  
Political Debate ◽  
Content Type ◽  
Political Narratives ◽  
Ruling Elites ◽  
Run Up ◽  
Political Weapon

Significance The situation has exposed several scandals, putting President Andry Rajoelina and his entourage on the political defensive. Social media has become a potent political weapon in the hands of ruling elites as a way to shape political narratives and discredit opponents. Impacts Rajoelina will struggle to hold together his circle of political allies in the run-up to the 2023 elections. Opposition groups will have difficulty capitalising on government divisions due to their own fragmentation. Social media will play an increasingly central role in driving political debate.

US financial reform efforts will wane under Trump

2016 ◽  
Keyword(s):  
United States ◽  
Financial Regulation ◽  
Free Market ◽  
The United States ◽  
Financial Reform ◽  
Regulatory Agencies ◽  
Donald Trump ◽  
Content Type ◽  
President Elect ◽  
Financial Regulatory

Subject US financial regulation outlook. Significance President-elect Donald Trump can make a decisive imprint on the financial regulatory institutions and practices of the United States. By selecting individuals who share the free-market principles he seeks to promote, he can reshape the personnel at key agencies. In tandem, he can work with the Republican-controlled Congress to enact new legislation delimiting regulatory agencies’ brief, authority and resources. Impacts Presidential appointees to head agencies will determine what issues are prioritised and how interventionist policy will be. A Trump SEC chair appointee is likely to encourage a return to industry self-policing over federal scrutiny and enforcement. Backsliding by US regulators could have a negative knock-on effect for international Basel IV negotiations.

Difficulties of the Financial Reform in the USA

2013 ◽  
pp. 147-158
Author(s):  
V. Kulakova
Keyword(s):  
Economic Policy ◽  
Consumer Protection ◽  
Financial Regulation ◽  
Financial Reform ◽  
Wall Street ◽  
Political Sciences ◽  
Consumer Protection Act ◽  
The Usa ◽  
Major Factors ◽  
International Financial Regulation

We study the reform of financial regulation initiated by the Dodd—Frank Wall Street Reform and Consumer Protection Act of 2010. Major factors impeding Obama’s financial and economic policy are explored, including institutional difficulties, party warfare, lobbyism, and systemic inconsistencies of international financial regulation. We also examine challenges that are being faced by economic and political sciences due to the changes in financial regulation and also assess the level of radicality of the financial reform.

Defining Liberalism: the first Home Rule crisis in the Scottish capital

2016 ◽  
Vol 67 (1) ◽  
pp. 6-30
Author(s):  
M. K. Thompson
Keyword(s):  
The Political ◽  
Perceived Threat ◽  
Home Rule ◽  
Political Debate ◽  
Traditional Assessment ◽  
Core Value ◽  
Irish Question

The nature of liberalism was at the heart of the political debate surrounding the first Irish Home Rule bill in Edinburgh. The rhetoric of the campaign was dominated by the fight for the ownership of liberalism, and it was pivotal for all the candidates standing in Edinburgh to present themselves as liberals, and to define their stance on the Irish question by associating it to a core value of liberalism. Democracy and the protection of minorities were the two values used to justify the candidates’ stances on Irish Home Rule, and the perceived threat of Irish Catholicism was often the focus of the associated arguments. The discourse that resulted from this justification centred on a fight to define the essence of liberalism. Therefore, the Irish Home Rule debate in Edinburgh demonstrates that the Liberal split was more nuanced than the traditional assessment of a Whig versus Radical split. Instead, the debate on the Irish question signified the struggle of liberalism.

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