User: newstrust Topic: Business
Category: Global Economy :: Regulation
Last updated: Aug 16 2018 22:01 IST RSS 2.0
 
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Jury deliberations underway in fraud trial of Paul Manafort 16.8.2018 Minnesota Public Radio: Politics
Jurors began their deliberations Thursday in the trial of former Trump campaign chair Paul Manafort, who prosecutors say earned $60 million advising Russia-backed politicians in Ukraine, hid much of it from the IRS and then lied to banks to get loans when the money dried up.
How Trump’s War on Regulation Is Trickle-Down Economics 14.8.2018 American Prospect
trickle-downers.jpg When Trump’s not blaming foreigners for everything that ails America, he’s blaming regulations. Last week, he even blamed regulations for the wildfires now ravaging California. They’re “made so much worse,” he  tweeted , “by the bad environmental laws which aren’t allowing massive amount[s] of readily available water to be properly utilized.” I have news for Trump. California’s tough environmental laws are among America’s (and the world’s) last bulwarks against climate change. And it’s climate change—not regulation—that’s wreaking havoc across California as well as much of the rest of the world.   Oh, and Californians are using water very carefully. Yet Trump is pushing in the opposite direction. He’s now proposing to let cars pollute more and to strip California of its right to set higher air-quality rules . It’s not just the environment. Trump is also gutting regulations that protect consumers, workers, investors, students, and children. The Trump regime is now contemplating a ...
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White House takes aim at financial protections for military 13.8.2018 Minnesota Public Radio: News
Documents obtained by NPR show proposed changes that critics say would leave service members vulnerable to getting ripped off when they buy cars.
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Repression Intensifies in Argentina After President Empowers Military 13.8.2018 Truthout.com
Is the government once again using the military to suppress opposition to the IMF's neoliberal policies?

The post Repression Intensifies in Argentina After President Empowers Military appeared first on Truthout.

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Trump's Cabinet of Con Artists 13.8.2018 American Prospect
(AP Photo/Pablo Martinez Monsivais) Trump speaks during a meeting with members of his cabinet on July 18, 2018. During the 2016 campaign, and from time to time afterward, Donald Trump would regale his crowds with a dramatic reading of a song called "The Snake," in which a snake begs a woman to take him into her home, and then when he bites her and she expresses her shock, he says, "You knew damn well I was a snake before you took me in." In Trump's telling, it was a parable about immigration—that foreigners were inherently untrustworthy and if we let them come to our country they might just kill us. But at times he almost seemed to be talking, with a wink, about himself. The country knew who he was, and made him president anyway. That may explain Trump's unusual ability to survive scandals that would have destroyed other politicians (along with the fact that there are so many of them that it can be hard to focus on any one for long). Think about Trump's various misdeeds. Were there any that were actually ...
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New York votes to cap Uber and Lyft services 9.8.2018 BBC: Business
Campaigners say the rise of ride-hail services has threatened yellow taxis and caused driver suicides.
On appeals court, Kavanaugh helped to loosen political money laws 8.8.2018 Minnesota Public Radio: News
Kavanugh's decisions have effectively pulled the campaign finance system rightward, letting in more money with less regulation.
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Neoliberal Fascism and the Echoes of History 8.8.2018 Truthout.com
The nightmares that have shaped the past and await return are poised to wreak havoc on us again.

The post Neoliberal Fascism and the Echoes of History appeared first on Truthout.

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Home equity release may cost pension firms billions 7.8.2018 BBC: Business
Some lenders have underestimated the cost of certain home loans - which could threaten the financial system.
Koch Political Network Distancing Itself From Trump’s Republican Party 31.7.2018 Outside the Beltway
A powerful political network is distancing itself from the Trump-dominated Republican Party.
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Resurgent Political Authoritarianism: An Interview With Noam Chomsky 25.7.2018 Truthout.com
Countering authoritarianism will take carefully honed education, organizing and activism, Chomsky says.

The post Resurgent Political Authoritarianism: An Interview With Noam Chomsky appeared first on Truthout.

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Judge Kavanaugh’s Deregulatory Agenda 25.7.2018 American Prospect
AP Photo/Evan Vucci President Donald Trump shakes hands with Supreme Court nominee Brett Kavanaugh in the East Room of the White House Most of us take for granted the federal regulations that make our air cleaner, our drinking water purer, our food, highways and workplaces safer, and our economic transactions less vulnerable to fraud and abuse. And few of us realize the extent to which those protections are subject to reversal by federal courts applying legal principles prescribed by the Supreme Court. If confirmed to the Supreme Court, Judge Brett Kavanaugh would be a fervent vote against even well established forms of regulation. A telling example of Kavanaugh’s ideological aversion to even minimal government regulation is his dissent in a case in which the Occupational Safety and Health Administration (OSHA) fined SeaWorld of Florida following a tragic incident at its Orlando facility in which a killer whale named Tilikum pulled a trainer off a platform and held her underwater until she drowned.  A ...
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Did the world dodge a bullet in the crash of 2008? 25.7.2018 Rediff: Columns
The flawed response to the crisis has fed a us-vs-them mentality in which the banker, the expert, the coastal entrepreneur, the immigrant, the foreigner are all villains.
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Bank Deregulation 2.0 Is Here 18.7.2018 American Prospect
(AP Photo/Jacquelyn Martin) House Committee on Financial Services Ranking Member Maxine Waters and Committee Chair Jeb Hensarling listen during a hearing on July 18, 2018. Just a couple months after Congress weakened financial rules and chipped away at the Dodd-Frank Act, bank deregulation 2.0 is here. It’s following the common script for financial system corruption, with a toxic mix of legislative hatchet jobs and official neglect that enables Wall Street players to recklessly pile on more risk. The bipartisan nature of the effort is also sadly par for the course, but that doesn’t excuse Democrats from their historical amnesia about the last time the banks got their way. Bank deregulation 1.0 was known as the Crapo bill, as much a commentary on its content as its main author, Senate Banking Committee Chair Mike Crapo. It significantly degraded Dodd-Frank, stripping enhanced regulations from banks with up to $250 billion in assets and reversing data disclosures that could have detected lending ...
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Dark money groups get a little darker, thanks to IRS 18.7.2018 Minnesota Public Radio: Law & Justice
Advocates say it's a First Amendment issue. Critics say it's opening the door to secret money from foreign sources.
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Transcript: Obama's speech at the 2018 Nelson Mandela annual lecture 18.7.2018 Minnesota Public Radio: Law & Justice
The former president spoke in Johannesburg on Tuesday. Here is the full transcript.
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Bank Workers Rising 17.7.2018 American Prospect
Kristoffer Tripplaar/Sipa USA via AP Image A Wells Fargo bank branch in Plymouth Meeting, Pennsylvania Last week, Los Angeles Mayor Eric Garcetti signed a city ordinance that sought to do something no other U.S.-based government had done before: Insulate bank employees—and through them, the bank’s depositors—from their bank’s high-pressure sales tactics. The ordinance stipulated that in order for the city to deposit its funds in a bank, that bank would have to produce documents demonstrating that it wasn’t linking its employees’ pay, or continued employment, to the sale of products that its depositors might—or might not—want or need. There was ample reason why it was Los Angeles that produced the first such ordinance, for it was in Los Angeles that the first major Wells Fargo scandal (there have been several since) came to light. Faced with demands that they prod depositors to open additional accounts, Wells employees fabricated at least 3.4 million such accounts. The practice, which had been ...
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Brexit services plan will speed up relocation, says Lloyd's boss 12.7.2018 BBC: Business
Lloyd's of London insurance market chief says the service sector is dismayed at the Brexit White Paper.
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Facebook scandal: Who are the firms selling your data? 11.7.2018 BBC: Technology
Data brokers such as Acxiom make millions of pounds a year selling access to your data.
One of Colorado’s worst Superfund sites has been cleaned up, but the state’s on the hook for $2M a year to keep it that way 10.7.2018 Headlines: All Headlines
After 27 years of EPA control, Colorado is preparing to take over the full financial burden -- a forever bill for $2 million a year -- of a high-mountain cyanide gold mine that became one of the West's worst environmental disasters.
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