User: newstrust Topic: Business
Category: Global Economy :: Regulation
Last updated: Nov 23 2017 17:00 IST RSS 2.0
 
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Zimbabwe needs immediate economic reforms, warns IMF 23.11.2017 BBC: Business
Government spending and foreign debt are too high and Zimbabwe needs structural reform, the IMF says.
The FCC's abandonment of network neutrality will end the internet as we know it 22.11.2017 LA Times: Commentary

No one could accuse Ajit Pai, President Trump’s appointee as chairman of the Federal Communications Commission, of concealing his intention to kill network neutrality. For nearly five years as a Republican FCC commissioner, and most recently in a speech in April, Pai depicted rules guaranteeing...

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Trump likely to pick ex-lawmaker (and restaurant franchisee) to head consumer agency 21.11.2017 LA Times: Business

President Trump is widely expected to name Mick Mulvaney, who currently serves as head of the White House Office of Management and Budget, as interim director of the Consumer Financial Protection Bureau.

If so, Trump would be picking someone with no background whatsoever in consumer protection,...

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Trump Administration sues to block AT&T/Time Warner merger: Here's why Trump is doing the right thing for the wrong reason 21.11.2017 LA Times: Commentary

UPDATE: The Department of Justice on Monday pulled the trigger on the proposed AT&T/Time Warner merger, filing a lawsuit in D.C. federal court to block the $85-billion deal.

Just a week ago, we explained why this transaction poses an outrageous threat to the public interest—a fact that tended to...

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Imagining a New Social Order: Noam Chomsky and Robert Pollin in Conversation 19.11.2017 Truthout.com
Noam Chomsky and Robert Pollin discuss how the left can save the US from neoliberal excesses. (Image: Jared Rodriguez / Truthout ) In a time of deep political, social and economic uncertainty for everyone (except the ultra-rich), Noam Chomsky and Robert Pollin provide some theoretical and practical guidance for the left. This Truthout interview is an effort to help reimagine a realistic social order in an age when the old order is dying but the new has yet to be born. Noam Chomsky and Robert Pollin discuss how the left can save the US from neoliberal excesses. (Image: Jared Rodriguez / Truthout ) This story could not have been published without the support of readers like you. Click here to make a tax-deductible donation to Truthout and fund more stories like it! We live in an age of illegitimate neoliberal hegemony and soaring political uncertainty. The evidence is all around: citizen disillusionment over mainstream political parties and the traditional conservative-liberal divide, massive inequality, ...
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Budget 2017: Plans to build 300,000 homes a year 19.11.2017 BBC: Business
The chancellor says he understands the difficulties young people have in saving for a deposit.
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Don’t Let Wall Street Run Amok 18.11.2017 American Prospect
AP Photo/Jacquelyn Martin Rich Cordray, director of the Consumer Financial Protection Bureau Ten years ago, just before the onset of the financial crisis, I wrote an article for an academic journal proposing a new agency that would regulate financial products and protect American consumers. I set my expectations low: This idea would go nowhere. But after the financial system imploded, there was sudden interest in my idea from that dusty academic journal. I started to talk to groups about building a consumer agency, and one after another came on board: unions, AARP, Consumers Union. The giant financial institutions were dead set against it—and they spent more than $1 million a day lobbying against the new agency and tougher financial rules. It was David-versus-Goliath all the way, but in 2010 President Obama signed the Consumer Financial Protection Bureau (CFPB) into law.    As I was setting up this new agency, I asked Rich Cordray to help. He agreed to come to Washington just temporarily to build the ...
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The Daily 202: How EPA chief Scott Pruitt wants to redefine ‘environmentalism’ 17.11.2017 Washington Post: Politics
In an interview, Pruitt explains why he wants to partner with the businesses he regulates.
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iGola: Go Beyond Metasearch with Facilitated Bookings 17.11.2017 New Kerala: World News
iGola: Go Beyond Metasearch with Facilitated Bookings
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Interior watchdog faults Zinke for incomplete travel records 17.11.2017 AP Politics
WASHINGTON (AP) -- The Interior Department's internal watchdog says Secretary Ryan Zinke has failed to keep complete records of his taxpayer-financed travel - hampering an investigation into his use of private charter flights for government business....
Richard Cordray is resigning as Consumer Financial Protection Bureau chief 16.11.2017 LA Times: Business

The nation’s top consumer financial watchdog will step down this month, sparking concern from advocacy groups — and relief from financial firms — that the federal agency he has led since 2012 will soon be much friendlier to the industry it polices.

Richard Cordray announced his impending resignation...

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Testing Progressives, Centrist Dems Team Up with GOP to Deregulate Banks 16.11.2017 American Prospect
(CQ Roll Call via AP Images) Sen. Mark Warner, D-Va., and Sen. Elizabeth Warren, D-Mass., talk before the start of a Senate Banking, Housing and Urban Affairs Committee hearing in February. trickle-downers_35.jpg Despite Republican leaders’ best attempts to convince Senate Democrats from red states like Indiana, West Virginia, and North Dakota to vote for repealing the Affordable Care Act, cutting entitlements, and enacting sweeping tax cuts for the rich, congressional Democrats have remained united. That unanimity—along with a heaping dose of presidential ineptitude—has left the GOP’s legislative agenda largely unaccomplished 11 months into the Donald Trump administration. Alas, the congressional Democrats’ spine couldn’t stay stiff forever. So what’s the straw that broke the party’s back? Wall Street, of course. On Monday, news broke that Senate Banking Committee Chair Mike Crapo had struck a deal with a cadre of Wall Street friendly Senate Democrats to roll back regulations, including key parts of ...
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The Finance 202: Senate tax defection spells trouble ahead even as House set to pass overhaul 16.11.2017 Washington Post: Politics
Ron Johnson and Susan Collins aren't so sure about Senate tax plan.
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A Climate Policy for the People 16.11.2017 American Prospect
Alex Milan Tracy/Sipa via AP Images Environmentalists rally on the steps of the Oregon State Capitol in Salem during a lobby day organized by the Oregon Conservation Network This summer, epic storms and fires in the United States provided some worrisome climate signals. Hurricane Harvey produced rains so strong that meteorologists added new colors to their radar maps. Hurricane Irma maintained Category 5 winds for 37 hours, a record for cyclones. The “unprecedented” wildfires in northern California were a product , in part, of the unusually hot and dry summer. As the newly released Fourth National Climate Assessment makes clear, the planet is under siege. I’ve watched these disasters with a sense of dread mixed with outrage. My parents had to evacuate their Santa Rosa retirement community because of the wildfires. Luckily, their home was spared. It was surreal to learn about their plight on the same day that the Trump administration announced the repeal of the Clean Power Plan. Yet the reaction to this ...
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Richard Cordray stepping down from Consumer Financial Protection Bureau 16.11.2017 SFGate: Business & Technology
Richard Cordray, one of the few remaining Obama-era banking regulators, said on Wednesday that he plans to step down as head of the Consumer Financial Protection Bureau by the end of the month, clearing the way for President Trump to remake a watchdog agency loathed by Republicans and Wall Street. Cordray’s decision comes just a month after the CFPB suffered a major rebuke from Republicans in Congress, who took the unusual step of blocking an agency rule that would have allowed consumers to sue their banks for the first time. Cordray appealed to Trump directly not to sign the legislation, but was rebuffed.
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Trump likely to change watchdog agency as Cordray leaves 16.11.2017 AP Business
NEW YORK (AP) -- Richard Cordray, the aggressive first director of the Consumer Financial Protection Bureau, plans to leave the agency by the end of the month, giving President Donald Trump a chance to appoint a replacement likely to be friendlier to the financial industry....
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CFPB Director Cordray, who sparred with GOP, plans to resign 16.11.2017 AP Business
NEW YORK (AP) -- Richard Cordray, the aggressive first director of the Consumer Financial Protection Bureau, said Wednesday he will leave the agency by the end of the month....
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Cordray is stepping down as head of Consumer Financial Protection Bureau 16.11.2017 Washington Post
Richard Cordray’s resignation gives President Trump an opportunity to reshape an agency that oversees a significant portion of the financial industry. It comes less than a month after the agency suffered a stunning defeat when Congress voted to block one of its most aggressive regulations allowing consumers to sue their banks.
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The Senate is Getting Ready to Erode Obama’s Landmark Wall Street Law 15.11.2017 Mother Jones
On Monday, the Senate Banking Committee announced that it struck a rare bipartisan deal to deregulate banks. The deal would gut several of the protections enacted in 2010 in response to the financial crisis as part of the Dodd–Frank Wall Street Reform and Consumer Protection Act, most notably a key rule requiring that “Too Big […]
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The Finance 202: Senate GOP is gambling bigly by rolling back individual mandate in tax package 15.11.2017 Washington Post: Politics
An offset could function as a booby trap.
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