User: newstrust Topic: Business
Category: Finance :: Financial Regulation
Last updated: Jul 04 2020 01:14 IST RSS 2.0
 
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Katie Porter demands resignation of Trump small business chief for enabling ‘abuse’ of Covid-19 relief funds 3.7.2020 Raw Story
California Congresswoman Katie Porter is demanding the resignation of the Trump administration’s small business chief for enabling “abuse” and “waste” of coronavirus relief funds and refusing to comply with basic government oversight efforts. Porter’s call came after the Government Accountability Office (GAO) said in a report last week that it “encountered the most difficulty trying […]
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House Oversight Committee Just Confirmed Jared Kushner’s Project Airbridge Was a Bust 2.7.2020 Mother Jones
Earlier this spring, when the country was facing massive shortages of personal protective equipment and other medical supplies needed to combat the novel coronavirus pandemic, the Trump administration announced with great fanfare something called Project Airbridge. The effort, spearheaded by Trump’s son-in-law Jared Kushner, provided taxpayer funded cargo flights from Asia to expedite the delivery […]
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Chicago-based Boeing gets go-ahead for test flights of its troubled 737 Max 29.6.2020 Chicago Tribune: Business
Boeing has received Federal Aviation Administration approval to start test flights of its 737 Max to demonstrate that it can fly safely with new flight control software. The flights, which could begin as soon as Monday, represent a major step in the company’s effort to get its bestselling plane flying again.
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House Fails to Override Trump’s Student Loan Forgiveness Veto 27.6.2020 Truthout.com
The failed vote comes as a whistleblower alleges that officials killed a loan forgiveness site for being too ...
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‘Outrageous’: Trump administration waived ethics reviews for lawmakers and federal officials seeking small business loans 27.6.2020 Raw Story
“This is the exact time when we should be worried about government officials, even members of Congress, taking money out of the hands of others in need.” The Trump administration in April quietly issued a sweeping waiver exempting members of Congress and other federal officials from ethics rules in order to allow them and their families to […]
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Trump consumer protection nominee faces stiff opposition over relaxing rules on toxic chemicals 26.6.2020 L.A. Times - World News

Critics from both sides of the aisle fear Nancy Beck, nominated to lead the U.S. consumer safety regulator, would be too cozy with business interests.

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Trump wants to sell bombs to the Saudis so much he’s trying to kill Congressional oversight of arms sales 26.6.2020 Raw Story
President Donald Trump wants so desperately to sell bombs to Saudi Arabia that he’s willing to kill Congressional oversight of arms sales to do it. Trump is so furious that both parties are holding up his arms sales, that he’s considering making things even worse. “If adopted, the change would effectively end congressional oversight over […]
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US Treasury sent $1.4bn of pandemic aid to dead people 25.6.2020 BBC: Business
It was one of several "challenges" identified in an audit of federal pandemic relief programmes.
We just got 2 huge red flags for the 2020 election — and the media must be prepared 25.6.2020 Raw Story
On Tuesday, New York and Kentucky held major primary elections in their states. What are the results? We have some preliminary tallies and winners in some of the races, but for the final results — well, we’re going to have to wait a while. The reasons for the delay are various, as the New York […]
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Facing subpoena and calls for impeachment embattled AG Barr agrees to testify before Congress – in 5 weeks 24.6.2020 Raw Story
Attorney General Bill Barr has agreed to testify before the House Judiciary Committee rather than risk a likely subpoena and court fight. His testimony will not be until July 28, nearly five weeks from today. Barr’s spokesperson made the announcement, framing it as a casual appearance. The Attorney General has accepted an invitation to appear […]
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House Dems introduce bill to prevent big pharma price-gouging during COVID-19 Pandemic 23.6.2020 Raw Story
The legislation was applauded as necessary to combat Trump’s “sycophancy to drug corporations” that is “endangering the nation’s pandemic response.” On the heels of polling that showed 88% of Americans worry Big Pharma will exploit the ongoing pandemic to hike drug prices, House Democrats on Monday introduced two bipartisan bills to prevent price-gouging for Covid-19 treatments and vaccines and […]
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Polis names new group to oversee Colorado oil and gas rules 22.6.2020 Headlines: All Headlines
Gov. Jared Polis on Monday named a new, five-member commission to take over crafting and putting in place major changes to Colorado's oil and gas regulations, as the multibillion-dollar industry struggles with a global pandemic and slump in demand for energy.
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Anatomy of a man-made disaster: 370 ways Donald Trump failed to keep us safe from the coronavirus 22.6.2020 Raw Story
Crises have a way of sorting the good presidents from the bad. Historians consistently rank Abraham Lincoln and Franklin Delano Roosevelt among the top three presidents for their handling of the Civil War, the Great Depression, and World War II. By contrast, the string of catastrophes that trailed George W. Bush, from Iraq to Hurricane Katrina to his obliviousness to warning signs in the […]
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Here’s how quickly the Senate GOP folded on inspector general oversight: Ex-White House ethics director 20.6.2020 Raw Story
On Friday, Sen. Chuck Grassley (R-IA), who had placed a hold on two Trump administration nominees in protest of the president’s firing of inspectors general, lifted the holds, saying that he has now been satisfied by the info the administration has provided on the matter. All told, Grassley’s hold lasted just 15 days — and […]
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Corporations Are Bankrolling US Police Foundations Without Public Oversight 19.6.2020 Truthout.com
Corporations Are Bankrolling US Police Foundations Without Public Oversight
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Gorsuch's Supreme Court opinion for LGBTQ rights sends a shudder through conservative ranks 17.6.2020 LA Times: Nation

Justice Neil Gorsuch was President Trump's first choice and a conservative dream, until he sided with liberals to ban discrimination against LGBTQ workers.

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Column: How the coronavirus has made chumps out of governors coast-to-coast 17.6.2020 LA Times: Business

The coronavirus has outsmarted governors who opened their states too early -- almost all of them.

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Two underreported stories show why Trump is unfit for office 17.6.2020 Raw Story
The are two lightly reported stories in the news that really highlight the norm-breaking and criminality of the Trump administration. One involves the nation’s inspectors general and the other the administration’s treatment of science. Anyone who might care about these subjects is most likely already in Biden’s camp, but they should get wider circulation because they ought to inform […]
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Column: The destruction of coronavirus bailout oversight foretells another disaster 17.6.2020 LA Times: Health

Trump and Congress have killed oversight of the federal coronavirus bailout.

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Mnuchin Won't Release Names Of Loan Recipients. What Are You Hiding, Steve? 16.6.2020 Crooks Liars
Government watchdogs told Congress last week that previously unknown Trump administration legal decisions are blocking their ability to oversee more than $1 trillion in pandemic spending. Via the Washington Post: In a letter to four congressional committee chairs Thursday, two officials in charge of a new government watchdog entity revealed that the Trump administration had issued legal rulings curtailing independent oversight of Cares Act funding. The letter surfaced amid growing bipartisan frustration over the administration’s decision not to disclose how it is spending hundreds of billions in aid for businesses. On Monday, Treasury Secretary Steven Mnuchin appeared to bow to that pressure, saying he would work with Congress on new oversight measures. But some Democrats have said the White House is not taking disclosure requests seriously enough. “They seem to be saying one thing while doing exactly the opposite,” said Rep. Carolyn B. Maloney (D-N.Y.), chairwoman of the House Oversight Committee. “If ...
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