User: newstrust Topic: Business
Category: Global Economy :: Regulation
Last updated: Apr 21 2018 03:37 IST RSS 2.0
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Wells Fargo fined $1 billion for ‘reckless unsafe or unsound practices’ 21.4.2018 Washington Post
Wells Fargo fined $1 billion for ‘reckless unsafe or unsound practices’
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The Latest: Global leaders fear rising trade tensions 20.4.2018 AP Politics
WASHINGTON (AP) -- The latest from the spring meetings of the Group of 20 major economies, the 189-nation International Monetary Fund and its sister lending institution, the World Bank. (All times local)...
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The Finance 202: Here's why the tax cuts are such a hard sell for Republicans 20.4.2018 Washington Post: Politics
Some think it's not a lost cause, however.
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Divided California watchdog agency reduces chairwoman's role despite opposition from governor's office 20.4.2018 LA Times: Commentary

A power struggle inside the state’s political watchdog agency broke out into a public war of words between rival commissioners Thursday, after an advisor to Gov. Jerry Brown objected to a planned reshuffling of duties as a threat to policing campaign finances in California.

The divided Fair Political...

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US Officials: 16 nations agree to track Venezuela corruption 19.4.2018 Washington Post: World
Two senior U.S. Treasury officials say finance ministers from several Latin American nations as well as the U.S. and Europe have agreed to work jointly to locate and seize assets arising from corruption by Venezuelan government insiders.
President Trump has a Scott Pruitt problem. Enter Mick Mulvaney. 19.4.2018 Washington Post
President Trump has a Scott Pruitt problem. Enter Mick Mulvaney.
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The Finance 202: Fed report shows business execs worry about Trump's trade moves 19.4.2018 Washington Post: Politics
The specter of a trade war is anything but hypothetical for some executives.
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Compton misused gas tax funds, state audit finds 19.4.2018 LA Times: Commentary

Compton officials used state-issued funds earmarked for road repairs and other transportation-related expenses to balance the city’s budget and pay for unrelated projects, according to a state audit.

Over a nine-year period, the city of Compton’s loose accounting and weak financial oversight allowed...

Weed bank proposal passes first legislative hurdle in California 19.4.2018 LA Times: Commentary

California would license special banks to handle billions of dollars generated by the legal marijuana market under legislation buoyed by recent comments from the Trump administration and given initial approval by state lawmakers on Wednesday.

The measure gained momentum just days after President...

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New GOP tactics wage war on Obama-era protections 19.4.2018 Washington Post: Op-Eds
New GOP tactics wage war on Obama-era protections
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Huntington Beach councilman says he'll investigate his appointee's 'colored people' remark on YouTube 18.4.2018 LA Times: Commentary

Amid pressure from residents, a local school board member and the Anti-Defamation League, Huntington Beach City Councilman Patrick Brenden said Tuesday that he will investigate a member of city and school district panels who is alleged to have referred to minorities as "colored people" in a YouTube...

The Finance 202: 'Happy hour in America.' Tax cuts could leave economy weaker after short-term boost 18.4.2018 Washington Post: Politics
Morgan Stanley sees signs that a reckoning may be coming.
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IMF issues warning on global debt 18.4.2018 BBC: Business
The IMF says governments should use the current strong economic growth to strengthen their finances.
How Jerry Falwell Jr. Transformed Liberty University Into a Wildly Profitable Online Empire 18.4.2018 Mother Jones
This story was originally co-published by ProPublica and the New York Times Magazine.  It was the start of the 2017 Fall Family Weekend at Liberty University, the school founded by Jerry Falwell Sr. 47 years ago in Lynchburg, Virginia, and the lines were especially long to get into the basketball arena for the mandatory thrice-weekly student convocation. There was […]
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Senate poised to roll back watchdog effort to prevent discrimination in auto lending market 18.4.2018 Washington Post
Senate poised to roll back watchdog effort to prevent discrimination in auto lending market
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Senate poised to kill CFPB effort to prevent racial discrimination in auto loan market 18.4.2018 LA Times: Commentary

The Senate is poised to vote as early as Tuesday to rescind an Obama-era policy warning auto lenders and dealers against charging minority borrowers more than white borrowers.

The legislation, sponsored by Sen. Jerry Moran (R-Kan.), takes aim at one of the Consumer Financial Protection Bureau’s...

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The Finance 202: Trump wants to make Wall Street great again 17.4.2018 Washington Post: Politics
Big banks are getting tax cut windfalls.
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IMF predicts stronger growth but warns of risks 17.4.2018 BBC: Business
The IMF forecasts global growth this year to be the strongest since 2011, but warns over trade barriers.
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A good consumer agency is a weak consumer agency, says Trump's consumer watchdog 17.4.2018 LA Times: Commentary

If the stakes weren’t so high, it would be incredibly fun watching financial firms and their Republican allies repeatedly make the case that the Consumer Financial Protection Bureau is a rogue agency determined to undermine capitalism, democracy and the American way of life.

My absolute favorite...

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When it comes to Amazon, President Trump talks a good populist game, but will he act? 17.4.2018 Washington Post: Politics
Moving against Amazon would require steps that go strongly against Trump's deregulatory philosophy.
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