User: newstrust Topic: Business
Category: Finance :: Financial Regulation
Last updated: Jul 17 2019 02:18 IST RSS 2.0
 
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Facebook reportedly hasn’t contacted the regulator it says will oversee Libra’s privacy and data security 17.7.2019 techCrunch
A Swiss regulatory agency that Facebook executive David Marcus said in Congressional testimony would be responsible for overseeing data and privacy protections for the company’s newly launched cryptocurrency, Libra, has not been contacted by Facebook, according to a report. Highlights from Facebook’s Libra Senate hearing CNBC is reporting that the Swiss Federal Data Protection and […]
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Senators press Facebook on ‘trust’ in hearing on digital currency 17.7.2019 Raw Story
US senators Tuesday questioned whether Facebook can be trusted with a massive financial responsibility at the first public hearing on its plan for a global digital currency called Libra. The lawmakers added to criticism of the plan unveiled by Facebook last month with two dozen partners on the digital coin, touted as a way to […]
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The Military-Industrial Complex Is Swelling. It’s Time for a Reckoning. 16.7.2019 Truthout.com
When it comes to lobbying the Pentagon and Congress, size matters.
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Facebook's Libra cryptocurrency attacked at Senate hearing 16.7.2019 BBC: Business
The tech giant's Libra digital currency is attacked by senators who say the company is not trusted.
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As Trump sows discord, Chief of Staff Mulvaney reportedly focused on ‘building empire for the right wing’ 16.7.2019 Raw Story
“Cabinet members are pressed weekly on what regulations they can strip from the books and have been told their performance will be judged on how many they remove.” While President Donald Trump dominates national media with racist tweets and lies, acting White House Chief of Staff Mick Mulvaney is quietly “building an empire for the right wing” and […]
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Can Donald Trump Stop Asylum Protections? Rights Groups Vow to Sue 16.7.2019 Newsweek Top Stories
"This new rule is patently unlawful and we will sue swiftly," said Lee Gelernt, deputy director of the ACLU's Immigrants' Rights Project.
Trump Wants to End Asylum at the Border—and Quickly Deport Migrants to the Countries They’re Fleeing 16.7.2019 Mother Jones
The Trump administration is about to make it much more difficult for migrants to seek asylum in the United States, announcing a new policy Monday that would drastically change asylum policies as we know them. The new rule, set to go into effect Tuesday, would force migrants from anywhere outside of Mexico or Canada to […]
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Fox News’ Homan Thought Of ‘Throwing’ Dem. Rep ‘A Beating Right There’ 16.7.2019 Crooks Liars
The next time you hear anyone on Fox complain about violent rhetoric from the left, make sure to remind him or her of the time Fox News contributor Thomas Homan announced on the air that he considered beating up a Democratic Congressman and not one of the three cohosts objected. Media Matters caught the comments on this morning’s Fox & Friends. Homan, who is both the former acting director of ICE and a current Fox News contributor, was asked by cohost Brian Kilmeade if he had “calmed down yet” from a contentious oversight hearing last ...
Tom Steyer Doesn't Want To Be President; He Wants To Raise The Profile Of His Impeachment Campaign 16.7.2019 Crooks Liars
It was long rumored that Donald Trump decided to run for president in 2015 simply because he was angered by President Obama's dismissal of him at the White House Correspondents' Dinner and thought that he could use the platform afforded to candidates to continually insult and degrade Obama. If you believe Michael Wolff's book, Fire and Fury , Trump never truly expected or wanted to win. He simply wanted to parlay the higher profile into more lucrative private marketing opportunities, like TrumpTV and his various resorts and properties around the world. It was only the world's very bad luck that Russian president Vladimir Putin saw value in putting a dementia-addled, malignant narcissistic racist in charge of the nuclear codes ...
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Mnuchin calls Facebook’s cryptocurrency plan ‘a national security issue’ 16.7.2019 LA Times: Business

Facebook Inc. faced its latest Washington crisis Monday: Treasury Secretary Steven T. Mnuchin joined a parade of policymakers and politicians who have bashed its proposed cryptocurrency, demonstrating the hurdles the company must overcome to make the token a reality.

Speaking from the White House,...

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Kellyanne Conway Should 'Be Fired' And 'In Prison' for Defying Subpoena on Hatch Act Violations: Democrats, Watchdogs 16.7.2019 Newsweek Top Stories
"She shouldn't be threatened to be held in contempt, she should be held in contempt immediately," The Democratic Coaliton co-founder Scott Dworkin said.
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Facebook’s testimony to congress: Libra will be regulated by Swiss 15.7.2019 TechCrunch
Facebook’s head of blockchain David Marcus released his prepared testimony before congress for tomorrow and Wednesday, explaining that “The Libra Association expects that it will be licensed, regulated, and subject to supervisory oversight. Because the Association is headquartered in Geneva, it will be supervised by the Swiss Financial Markets Supervisory Authority (FINMA). We have had […]
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Facebook Could Be Fined For Libra, According To Proposal From Democrats Leading House Financial Services Committee 15.7.2019 Newsweek Top Stories
The legislation also proposes that companies which violate the parameters outlined in the bill can be fined up to $1 million per day.
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Even Republicans don’t like Trump’s chief of staff — and he’s ‘building an empire for the right wing’: report 15.7.2019 Raw Story
President Donald Trump’s controversial chief of staff is building a personal “fiefdom” within the West Wing for far-right policy, The Washington Post reported on Saturday. Former Tea Party lawmaker Mick Mulvaney, who is on leave from his job as budget director to serve as chief of staff, has largely consolidated power within the administration. One […]
NY Times Has New Liberal Heroine: Escobar, 'Voice of Fervor, And Reason, on Border' 14.7.2019 NewsBusters
The New York Times, pushing hard for migrants, is still slamming the now-rescinded family separation policy at the Southern border. Now it’s found a new liberal immigrant heroine: El Paso Democrat Rep. Veronica Escobar. Reporter Emily Cochrane was all gushing in Friday’s edition: “‘People Listen to Her’: House’s Voice of Fervor, And Reason, on Border.” The next day, Cochrane covered the actual congressional hearing on family separation, focusing on another liberal heroine, Alexandria Ocasio-Cortez, whose grandstanding met with hypocritical ...
Mueller must bluntly tell Congress whether he thinks Trump committed a crime or crimes: ex-DOJ official 14.7.2019 Raw Story
Donald Ayer, former U.S. Deputy Attorney General under George H. W. Bush, penned an impassioned call in The Atlantic for former special counsel Robert Mueller to be direct with Congress and the American people in his testimony before the House Intelligence and Judiciary committees later this month. “For two years, Mueller uttered not a single […]
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Did Donald Trump just play the press like a virtuoso? 13.7.2019 Raw Story
Welcome to another edition of What Fresh Hell?, Raw Story’s roundup of news items that might have become controversies under another regime, but got buried – or were at least under-appreciated – due to the daily firehose of political pratfalls, unhinged tweet storms and other sundry embarrassments coming out of the current White House. On Thursday […]
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Former ICE Director Runs To Fox To Accuse Rep. Connolly Of Running Away 'Like A Little Girl' 13.7.2019 Crooks Liars
It seems former ICE Director Thomas Homan was none too happy with his treatment during yesterday's House Oversight hearing on the appalling conditions at the migrant detention centers on our southern border. Homan made an appearance on this Friday's Lou Dobbs Tonight on the Fox Business Network and accused Connolly of running away "like a little girl" after Connolly put Homan in his place for interrupting him during the hearing. JARRETT: It was quite a day today. The treatment of you was nothing short of appalling, in particular Jesus Garcia who accused you of being racist, which is what uninformed people do when they don't have a good argument, it appears to me that representative Garcia is the racist here, and you clearly said you were disgusted by it. How many lives have been saved by border patrol agents, sir? HOMAN: Just this past year they saved over 4,000 lives, but no one wanted to talk about that today. And, yes, I was insulted by him and many others. Representative Gerald Connolly from ...
Trump administration fact check: Environment, VA, Russia and jobs 13.7.2019 Denver Post: National News Headlines
President Donald Trump and his aides this past week celebrated an environmental legacy that is not theirs to claim.
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House Approves “Sweeping” Provisions That Target Toxic “Forever Chemicals” 13.7.2019 Truthout.com
Lawmakers passed several amendments on PFAS, including one that would legally designate them as hazardous substances.
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