User: newstrust Topic: Business
Category: Global Economy :: Regulation
Last updated: Feb 16 2018 17:01 IST RSS 2.0
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Why are India's <em>babu</em>s so unprofessional? 16.2.2018 Rediff: Columns
The 2G judgment suggests many bureaucrats have poor application, inadequate interest and are unwilling to be active participants in the policy process, says Babu Jacob.
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South Africa: the economic challenge 16.2.2018 BBC: Business
What are the challenges facing South Africa's new president Cyril Ramaphosa?
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The Finance 202: Gas tax divides Republicans 15.2.2018 Washington Post: Politics
But it's one way of paying for the infrastructure package.
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Why Are Big Newspapers Hiring Never-Trump Republicans? (There Must Be A Pony In There Somewhere!) 15.2.2018 Crooks Liars
The New York Times has hired conservative (but anti-Trump) ex-Wall Street Journal opinion writers Bret Stephens and Bari Weiss in the past year, and now The Washington Post has responded in kind: The Washington Post today announced Megan McArdle will be a columnist for the Opinions section starting March 1. In this role, McArdle will write columns with a focus on the intersection of economics, business and public policy. “Megan offers one of the liveliest, smartest, least predictable takes on policy, politics and everything else, from the history of washing machines to essential rules for living,” said Fred Hiatt, Editorial Page editor for The Post. “We’re excited to share her perspective and her distinctive voice with our readers and to deepen our coverage of economic and financial topics.” What do we regard as McArdle's most appalling hot take? Perhaps your choice would be the column in which she recommended training children to rush mass ...
Monzo given go-ahead to ‘passport’ banking licence to Republic of Ireland 14.2.2018 techCrunch
 Monzo, one of a number of “challenger” banks in the U.K. aiming to re-invent the current account, has announced the first step in its plans for international expansion with news that is has regulatory approval to operate in the Republic of Ireland. Read ...
European officials: Virtual currencies are no way to pay 14.2.2018 AP Business
FRANKFURT, Germany (AP) -- European finance officials are underlining their skepticism toward digital currencies like bitcoin, saying they are risky for investors and inefficient as a way to pay for things....
European official: Digital currencies inefficient way to pay 14.2.2018 AP Business
FRANKFURT, Germany (AP) -- A top European monetary official says digital currencies are no substitute for conventional money issued and managed by central banks....
The Finance 202: Trump plans to roll out budget and infrastructure plans. Neither may be relevant. 12.2.2018 Washington Post: Politics
The deficit is growing.
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We need a financial rescue plan for Venezuela: Colombia 10.2.2018 Hindu: International
Bogota asks agencies to prepare for a post-Maduro situation
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The Koch network uses flagrant falsehood to defend a dangerous and irresponsible law 9.2.2018 LA Times: Commentary

You can always tell that defenders of a dangerous and irresponsible law have nothing to offer when they resort to flagrant misrepresentation to make their case.

Step forward, Nathan Nascimento and David Barnes of the Koch brothers network.

Nascimento and Barnes are representatives of the Koch brothers...

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Dozens at White House — including Trump adviser Jared Kushner — lack permanent security clearances 9.2.2018 Washington Post
The departure of an aide accused of domestic violence puts the FBI background investigations in the spotlight.
A boost to rural entrepreneurship 8.2.2018 Hindu: Opinion
Why amendments were made to the NABARD Act
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Drug War and a Phantom $500 Million: Pentagon Watchdog Calls Out Two Commands for Financial Malfeasance 8.2.2018 Truthout - All Articles
You can fuel thoughtful, authority-challenging journalism: Click here to make a tax-deductible donation to Truthout. 2017 was a year of investigations for US Africa Command (AFRICOM). There was the  investigation  of the two-star commander of US Army Africa who allegedly sent racy texts to an enlisted man's wife. There was the investigation into the alleged killing of a Special Forces soldier by Navy SEALs in  Mali . There was the inquiry into reports of torture and killings on a remote base in  Cameroon  that was also used by American forces. There was the investigation of an alleged massacre of civilians by American special operators in  Somalia . And don't forget the inquiry into the killing of four Special Forces soldiers by Islamic State militants in  Niger . And then there was the investigation that hardly anyone heard about, that didn't spark a single headline. And still, the question remains: Whatever became of that $500 million? To be fair, this particular scandal isn't AFRICOM's alone, nor did ...
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The Finance 202: Washington's spending spree threatens the economic expansion 8.2.2018 Washington Post: Politics
President Trump and congressional Republicans could be held responsible.
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It’s Time to Ban Stock Buybacks 8.2.2018 American Prospect
(Photo: AP/Richard Drew) The Charging Bull sculpture by Arturo Di Modica, in New York's Financial District, is shown in this photo, Wednesday, Feb. 7, 2018. The current bull market is set to turn nine years old in about a month.  trickle-downers.jpg In the aftermath of the Trump tax cuts, Republicans have endlessly crowed about how corporations are using their newfound savings to give their employees wage hikes and bonuses. Paul Ryan even boasted on Twitter about a high school secretary who was surprised to find an extra $1.50 in her weekly paycheck, which could more than cover her annual Costco membership fee. The tweet was quietly deleted a few hours later. But not before critics pounced on the absurdity of bragging about such meager benefits, considering that the entire tax cut came to roughly $1.5 trillion.  As Vox’s Matt Yglesias tweeted:   $1.50 a week times 52 weeks in a year times 330 million people only comes out to $25 billion or so. Where’d the rest of the money go? — ...
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Trump & Mulvaney Pay To Play With Payday Loans 8.2.2018 Crooks Liars
Once more, the Trump administration is showing us how they protest too much. During the 2016 Election, Trump and gang consistently claimed that his opponent was participating in pay to play schemes. Like every other lie they told, the truth is that they are the ones rolling around in the muck. This time their scheme involves payday loan companies. Ever since Mick Mulvaney, Trump's director of Management and Budget, also became the director of the Consumer Financial Protection Bureau (CFPB), he's been systematically dismantling any and all protections for consumers. This warrants the question: then why not just rename it the Lenders Financial Protection ...
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Will Mick Mulvaney be the end of the Consumer Financial Protection Bureau as we know it? 7.2.2018 LA Times: Commentary

White House budget chief Mick Mulvaney once likened government regulations to a “slow cancer,” an attitude he shares with many of President Trump’s appointees as well as the man himself. So it’s hardly surprising that, in his new part-time role as acting director of the Consumer Financial Protection...

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The Congressional Review Act: A Damage Assessment 7.2.2018 American Prospect
This article appears in the Winter 2018 issue of The American Prospect magazine. Subscribe here .  President Donald Trump has boasted that he had signed far more bills during his first months in office than many of his predecessors. Like many of his boasts, this one was misleading. Apart from purely ceremonial bills, the vast majority of bills enacted during his first six months in office stemmed from the Congressional Review Act of 1996 (CRA). This relatively obscure statute passed by the Gingrich Congress, which President Clinton ill-advisedly signed, empowers Congress to overturn major federal regulations within 60 “session” days of promulgation by passing a joint resolution of disapproval signed by the president. If Congress permanently adjourns prior to the end of 60 days that it is in session, the next Congress gets another 75 session days to pass a joint resolution. The current Congress therefore had until late May of 2017 to overturn any major regulation promulgated by the Obama administration ...
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Want to Airbnb your home for the bulk of the year? L.A. might let you — on a case-by-case basis 7.2.2018 LA Times: Commentary

Los Angeles residents who want to rent out their homes for short stays for the bulk of the year would have to get case-by-case approval from the city under a new proposal being explored by city lawmakers.

A Los Angeles City Council committee asked staffers Tuesday to come back in a month with more...

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Markets go up and down. But we know how to ward off panic. 7.2.2018 Washington Post: Op-Eds
The U.S. economy is well-positioned to absorb a financial crisis; that doesn't warrant throwing away prudent regulations.
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