User: newstrust Topic: Personal Finance
Category: Regulation
Last updated: May 19 2013 02:38 IST RSS 2.0
 
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Green diary rescue: Pedal power, electric cars, OFA on climate change 19.5.2013 Daily Kos
Every week Daily Kos diarists write dozens of environmentally related posts. Many don't get the readership they deserve. Helping improve the odds is the motivation behind the Green Diary Rescue. In the past seven years, there have been 226 of these spotlighting more than 12,645 eco-diaries. Below are categorized links and excerpts to 64 more that appeared in the past seven days. That makes for lots of good reading during the spare moments of your weekend. [ Disclaimer: Inclusion of a diary in the rescue does not necessarily indicate my agreement with or endorsement of it.] Mr. President, Arctic Ice Loss Portends a Climate Tsunami: The National Arctic Strategy is Suicidal —by FishOutofWater : "President Obama, your advisers just don't get it. We should be running as fast as we can from fossil fuels, not going out to sea to get more of them. The loss of summer sea ice portends a climate tsunami. The ice is keeping the Arctic cold, even in summer. Retreat of the ice is accelerating the ...
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Snuff the SEC 17.5.2013 Forbes.com: Business News
If regulation-hating conservatives were serious about shrinking government, they should go whole hog and press for the elimination of the Securities and Exchange Commission (SEC).
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Isn't it time for Holder & Co. to go? 15.5.2013 NewsTrust Yahoo Pipes Feed
Time to make for the exit. ...
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Bernanke: ‘Shadow banking,’ other financial sectors still pose risks 10.5.2013 Washington Post
Federal Reserve Chairman Ben S. Bernanke on Friday defended the central bank’s ability to shield the economy from another financial crisis but warned that risks remained in the lightly regulated “shadow banking” system. ...
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Today's Economist: Simon Johnson: The Problem With Corporate Governance at JPMorgan Chase 9.5.2013 NY Times: Business
Today's Economist: Simon Johnson: The Problem With Corporate Governance at JPMorgan Chase
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Open thread for night owls: And the foreclosure follies march on 9.5.2013 NewsTrust Yahoo Pipes Feed
You couldn't script it any better. You could make a movie of it, call it The Great Ratsby, and as opulent 3-D background you could use the sporadic and fawning New York Times pieces on how very hard up the merely mildly rich have it, in these harsh and bitter times, stories of all those irritated people who now may be forced to buddy up with others when sending their children off to camp on private planes—and by the way, so-and-so, there, that middle-class fellow in the background, the one in Potterville who the bank screwed over because, tsk, paperwork is too hard? Well, they're going to get some gas money out of the deal, at least—so keep the party going and all's right with the world, right? I suppose we shouldn't be surprised that it's all continuing even now: This time, according to officials briefed on the matter, the consulting firm issued a raft of checks with wrong amounts. The mistake by the firm, Rust Consulting, cheated struggling homeowners out of thousands of dollars. ...
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This Week In Credit Cards News: Protect Your Retirement Savings, Good News for Stay-At-Home Spouses 6.5.2013 Yahoo! News Search Results for credit cards
A weekly summary of the top credit card stories that appeared in major publications across the country.
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‘Act of Congress’: How Barney Frank foiled the banking lobby to form a new financial watchdog 6.5.2013 Washington Post
● In July 2010, nearly two years after the 2008 financial crisis exposed the vulnerability of the world’s economic system, Congress passed sweeping changes to laws regulating the U.S. financial industry. Washington Post associate editor Robert G. Kaiser persuaded the bill’s main sponsors, Rep. Barney Frank (D-Mass.) and Sen. Christopher J. Dodd (D-Conn.), to give him behind-the-scenes access to observe the bill’s journey from conception to enactment, an 18-month odyssey that involved extensive maneuvering and dealmaking. This account of one deal, reported here for the first time, is drawn from Kaiser’s new book, “ Act of Congress: How America’s Essential Institution Works, and How It Doesn’t .” ...
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Fed governor pushes measure to strengthen large banks 4.5.2013 Star Tribune: Business
Daniel Tarullo cited the vulnerability of some debt markets in proposing measures to buffer against losses.
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DealBook: Fed Governor Pushes to Strengthen Large Banks 3.5.2013 NY Times: Business
DealBook: Fed Governor Pushes to Strengthen Large Banks
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Armed gunmen ambush teachers in an Oregon school ... as a readiness test 2.5.2013 Daily Kos
Two masked men wearing hoodies and wielding handguns burst into the Pine Eagle Charter School in this tiny rural community on Friday. Students were at home for an in-service day, so the gunmen headed into a meeting room full of teachers and opened fire. Someone figured out in a few seconds that the bullets were not drawing blood because they were blanks and the exercise was a drill, designed to test Pine Eagle's preparation for an assault by "active shooters" who were, in reality, members of the school staff. But those few seconds left everybody plenty scared. DeCastro has heard some criticisms of the drill from townsfolk, but is convinced it was valuable. "For us not to know how we were going to respond is leaving us open," she said. ...
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As Obama Nominates Key Regulator, Misinformation About Cause Of Housing Crisis Spreads 2.5.2013 Think Progres
As Obama Nominates Key Regulator, Misinformation About Cause Of Housing Crisis Spreads
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In case you wonder why some Dems cling to austerity 30.4.2013 Daily Kos
A couple waits in line free medical treatment organized by non-profit group Remote Area Medical at the Coliseum in Oakland. I have a "feeling" that they don't give a fuck about more austerity. Some Democrats, however, argue that party faithful are willing to give Obama space to tackle the deficit as he heads into the final years of his term — even if it means proposing some cuts to entitlement programs as part of a grand bargain. “My feeling is that most voters want there to be a budget agreement,” said Pete Brodnitz, a Democratic pollster. “Most people think something needs to be done to make Medicare and Social Security sustainable.” Because, of course, there is no data that would find that Democrats want entitlement cuts, or give a rat's ass about any grand bargain. Voters might want a budget agreement, but one that gets rid of this bullshit sequester. And that shit about making "Medicare and Social Security sustainable"? I wish our own people would quit using Pete Peterson language to ...
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Loans borrowed against pensions are squeezing retirees 28.4.2013 Star Tribune: Nation
Companies operate outside of banking regulations.
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Economics Daily Digest: A lonely place to testify 25.4.2013 NewsTrust Yahoo Pipes Feed
By Tim Price, originally published on Next New Deal Click here to receive the Daily Digest via e-mail. The Poorly Attended Hearing on One of the Economy's Toughest Problems ( National Journal ) If there's a congressional panel on long-term unemployment and no one is around to hear it, does it make a sound? Niraj Chokshi writes that the Joint Economic Committee might have discovered the answer yesterday if not for Amy Klobuchar's presence. Possible Fed Successor Has Admirers and Foes ( NYT ) Binyamin Appelbaum profiles Janet Yellen, a likely candidate for Fed chair when Ben Bernanke finally departs from the Grey Havens, who's made enemies among the GOP by suggesting that a little inflation might go a long way toward helping the economy. Banking Regulation: Closed for Business ( Prospect ) David Dayen writes that while Senators Brown and Vitter have just introduced a bipartisan plan to end "too big to fail," Treasury officials insist they needn't have bothered, since that's ...
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Economics Daily Digest: The terrible Twitter traders 24.4.2013 Daily Kos
By Tim Price, originally published on Next New Deal Click here to receive the Daily Digest via e-mail. Austerity doctrine is exposed as flimflam ( WaPo ) Katrina vanden Heuvel isn't expecting an apology from the austerians who have pushed destructive policies based on bad information, but if they'd go stand in a corner and think about what they've done, at least it would get them out of the way while we fix it. Make Wall Street Choose: Go Small or Go Home ( NYT ) Senators Sherrod Brown and David Vitter introduce their new bipartisan plan to end "too big to fail" by raising capital requirements so the largest banks must either play it safe or break into smaller pieces, which can then feel free to fail to their heart's content. False White House tweet exposes instant trading dangers ( Reuters ) Steven C. Johnson writes that when the hacked AP Twitter account announced that President Obama had been injured in an explosion, the only real damage done was to the stock market. ...
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Republicans intensify pressure to limit powers of consumer agency 24.4.2013 LA Times: Business
Republicans intensify pressure to limit powers of consumer agency
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House chairman bars consumer bureau chief from testifying 23.4.2013 LA Times: Business
House chairman bars consumer bureau chief from testifying
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Book review: Michael Lind's 'Land of Promise' 22.4.2013 Daily Kos
Students of American political history have argued that, despite the formal continuity of its political institutions, the United States has gone through two or three regimes or informal "republics." In earlier works, I have made the case for three American republics, each originating in a prolonged crisis—the American Revolution and its aftermath, the Civil War and Reconstruction, and the Great Depression and World War II. It remains to be seen whether the global economic crisis that began in 2008 will mark the end of the Third American Republic and the gradual construction of a fourth republic by the 2020s or 2030s. Now there's a caveat: I'm a reasonably well-educated American citizen, but I tend to have trouble with economic theory. I'll grasp it, briefly, while it's being clearly explained to me—and then it slips away when I try and apply it or explain it to someone else. (I have this same problem with Einstein's Theory of Relativity as well … initial brilliant flash of comprehension, ...
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George F. Will: Evade taxation. Hide costs. Spend away. That's how today's government works 19.4.2013 Twincities.com: Opinion

WASHINGTON -- The regulatory, administrative state, which progressives champion, is generally a servant of the strong, for two reasons.

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