User: newstrust Topic: Business
Category: Global Economy :: Regulation
Last updated: Jul 24 2017 01:40 IST RSS 2.0
 
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At the receiving end 24.7.2017 Hindu: Letters
 It is most uncharitable on the Union Finance Minister’s part — on the subject of ‘invisible’ money in elections — to pass the buck to the Election Commission as though it is the EC in essence which r...
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Financialization Has Turned the Global Economy Into a House of Cards: An Interview With Gerald Epstein 23.7.2017 Truthout - All Articles
To rein in financial instability and other destructive financial practices, we not only must re-regulate finance -- we must develop more public options in finance. (Photo: f11photo / iStock / Getty Images Plus) Finance is inherently destabilizing because it's based on a promise that can be reneged on, or just plain miscalculated, says economist and Amherst professor Gerald Epstein. But the capitalist system that drives modern economies thrives increasingly on debt and quick profits, so when something goes wrong, there's no way to stop the vulnerability from spreading and bringing the economy crashing down. To rein in financial instability and other destructive financial practices, we not only must re-regulate finance -- we must develop more public options in finance. (Photo: f11photo / iStock / Getty Images Plus) This Truthout original was only possible because of our readers' ongoing support. Can you make a monthly donation to ensure we can publish more like it? Click here to give. Contemporary ...
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U.S. Rep. Ken Buck: “Congress is letting Trump down, not the other way around.” 23.7.2017 Denver Post: Local
"Congress is letting this president down, not the other way around," U.S. Rep. Ken Buck, R-Colorado, said.
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Congress breaks impasse on bill to slap sanctions on Russia, Iran and North Korea 22.7.2017 Washington Post: Politics
The bill is moving over the objections of the Trump administration, which hopes to preserve presidential powers to relieve sanctions without congressional approval.
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Wall Street regulatory panel soon will have only 1 member (and 4 empty seats) 22.7.2017 LA Times: Business

After more than three years helping lead one of the country’s most powerful Wall Street regulators, Sharon Bowen is ready to step down.

Her pending departure from the Commodity Futures Trading Commission will leave the five-member board with just one member. And that’s a problem for a panel responsible...

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A White House briefing with props — and no TV cameras to show them — annotated 21.7.2017 Washington Post
A White House briefing with props — and no TV cameras to show them — annotated
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The Finance 202: What Dodd-Frank got wrong 21.7.2017 Washington Post
The Finance 202: What Dodd-Frank got wrong
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Dear Historians, When You Look Back at Trump’s First 6 Months, Please Include These Disasters. 21.7.2017 Mother Jones
This story originally appeared on The Guardian. Business and the Economy Given all that Donald Trump promised the business world during his bombastic campaign, it’s tempting to dismiss the president’s first six months with a “meh.” It would also be myopic. While protesters are worried about the future, the president has so far failed to pass his tax reforms, which business […]
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Republicans are working to keep you from your day in court 21.7.2017 Washington Post: Op-Eds
So much for the president’s pledge to look out for the little guy.
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Republicans introduce bills to scrap new bank arbitration rule 20.7.2017 LA Times: Business

Republican lawmakers in the House and Senate have introduced bills calling for the repeal of a just-announced regulation that would make it easier for consumers to bring class-action lawsuits against banks.

The rule unveiled last week by the Consumer Financial Protection Bureau would ban banks...

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David Cay Johnston: Trump Is "Appallingly Ignorant" on Health Care and Puts Greed Above Human Lives 20.7.2017 Truthout - All Articles
The Congressional Budget Office has warned that 32 million Americans would become uninsured over the next decade if Obamacare is repealed without an alternative in place. Seventeen million would become uninsured next year alone. The analysis also found the cost of a medical insurance policy would increase 25 percent next year and double by 2026. We speak with David Cay Johnston, Pulitzer Prize-winning investigative reporter and founder of DCReport.org. TRANSCRIPT This is a rush transcript. Copy may not be in its final form. NERMEEN SHAIKH: The Republican-controlled House Budget Committee approved its 2018 budget resolution on Wednesday. It would slash welfare spending, gut financial regulations and rewrite the tax code to favor the wealthy. The budget would also slash funding for Medicaid and Medicare over the next decade. In addition, the Republican budget would add another $30 billion to Trump's record-setting $668 billion request for Pentagon spending. The resolution passed along party lines, but the ...
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Fed up with California, some conservatives look to Texas 20.7.2017 LA Times: Nation

Emails poured in from across California.

“My boys’ minds have been taken over by the liberal teachings of the schools here,” wrote a woman from Westlake Village who works in the courts. “I would like to try to save my younger son before it’s too late.”

“I for one wish to not be a part of this control...

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Washington Post Op-ed: The GOP cannot fix itself, let alone American health care 20.7.2017 Salt Lake Tribune
The inability of a Republican Congress and a Republican president to repeal Obamacare, or even just dial it back, is yet the latest demonstration that Republicans simply aren’t ready to govern. The facile explanation for this is the unresolved division, within the party, between its radical tea party populist wing and its more moderate, business-friendly establishment wing. But the bigger issue is that the party’s elected politicians are unwilling to make the trade-offs that are the essence of w...
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The Finance 202: Big budget problems stand in way of tax overhaul 20.7.2017 Washington Post: Politics
Taxes are GOP's newest hope for progress.
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The Daily 202: Trump shows disdain for rule of law with new attacks on Sessions, Rosenstein, Mueller 20.7.2017 Washington Post: Politics
Bunker mentality on display in New York Times interview.
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In the push to deliver on campaign promises, Interior’s energy drive looms large 20.7.2017 Washington Post: Politics
Zinke has swiftly leveraged public lands and waters to promote oil, gas and coal development.
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Listen: How to find a good financial planner 20.7.2017 Minnesota Public Radio: Law & Justice
New rules regulating financial planners are in force. What does that mean for your relationship with your financial planner?
Charlie and the MBTA 19.7.2017 American Prospect
This article originally appared in the Summer 2017 issue of The American Prospect. Subscribe here .  “Let the governor know that you are out here!” That shout went up under a hot morning sun in mid-May, as orange-shirted transit union workers and their labor, community, and political allies spread out on the pavement below the Massachusetts State House in Boston to protest the latest privatization proposal by the Massachusetts Bay Transportation Authority, the Boston-area transit agency, known as the T. This one involved outsourcing its bus maintenance work to a private company, a move that would eliminate many jobs. But Republican Governor Charlie Baker wasn’t around to hear the cheering or the speeches. He had decamped to the other side of town for a ribbon-cutting marking the opening of a new, privately financed commuter rail station in Allston-Brighton—one underwritten by New Balance, the Boston-based athletic shoe company. The theme here is a reliance on the private sector to underwrite or partially ...
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Chicago taxi drivers protest medallion foreclosures as ride-sharing booms 19.7.2017 Chicago Tribune: Business
Dozens of Chicago cabbies took to the streets Tuesday to protest a growing taxi medallion foreclosure crisis, fueled by what they believe to be an unlevel playing field with ride-sharing services. Pounding the pavement in front of the West Loop offices of Frank Andreou, an attorney ...
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The Finance 202: Progressives revive attacks on Wall Street in health care's wake 19.7.2017 Washington Post: Politics
The Finance 202: Progressives revive attacks on Wall Street in health care's wake
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