Sens. Tim Scott (R-S.C.) and Jon Tester (D-Mont.) grilled a panel of financial regulators on Thursday morning, with Scott going so far as to demand immediate dismissals at the Federal Reserve in response to the central bank’s failure to effectively regulate Silicon Valley Bank in view of its collapse. During the Senate Banking Committee hearing,…
Senators Accuse Financial Regulators of Lack of Accountability, Competence
National Security and the Debt Ceiling
May 18, 2023
admin
bondsBusiness & MarketsBusiness ColumnistsFitch ratingNational SecurityOpinionU.S. Debt CeilingViewpoints
0 Comment
Commentary As the debt ceiling debate looms, U.S. national security may be at risk while welfare is safe. The U.S. Constitution states that the purpose of the government is “to establish Justice, insure domestic Tranquility, provide for the common defense, promote the general Welfare, and secure the Blessings of Liberty to ourselves and our Posterity.”…
American Household Debt Surpasses $17 Trillion for the First Time
Americans’ household debt surpassed a historic $17 trillion for the first time ever, the Federal Reserve Bank of New York reported (pdf) May 15. Total consumer debt in the United States hit $17.5 trillion in the first quarter of 2023, an increase of $148 billion, or 0.9 percent from the fourth quarter of 2022. That debt…
Age of ‘Massive’ House Price Rises May Be Nearing an End: Government Economist
The age of “massive rises of house prices” may be coming to an end, a senior economist from the government’s spending watchdog has said. Prof. David Miles, one of the three members of the top committee of the Office for Budget Responsibility (OBR), said on Wednesday that an increase in remote working following the outbreak…
Water Companies Apologise for Sewage Spills, Announce £10 Billion Modernisation Plan
Water and sewage companies in England have apologised for sewage spills in rivers and seas and announced the biggest modernisation of sewers since the Victorian era. The upgrade of the sewage system will cost £10 billion in the next 10 years, announced Water UK, a membership body representing the UK water industry. To make amends…
IN-DEPTH: JPMorgan Chase Faces Backlash Over Alleged Discrimination Against Religious and Conservative Groups
May 18, 2023
admin
Business & Marketscancel cultureCompaniesdebankingeconomic policiesFeatured TopicsInvestmentJPMorgan Chasepersonal financereligious discriminationUSviewpoint diversity
0 Comment
In the spring of 2022, Sam Brownback, a former U.S. senator, governor of Kansas, and U.S. ambassador, co-founded the National Committee for Religious Freedom (NCRF) to, in his words, “protect the right to the free exercise of faith for all Americans.” NCRF’s board members decided to set up the non-profit’s bank accounts at JPMorgan Chase….
JPMorgan Chase Defeats Shareholder Proposal to Investigate Allegations of Political, Religious Discrimination
May 18, 2023
admin
Business & Marketscancel cultureCompaniesdebankingeconomic policiesFeatured TopicsInvestmentJPMorgan Chasepersonal financereligious discriminationUSviewpoint diversity
0 Comment
In the spring of 2022, Sam Brownback, a former U.S. senator, governor of Kansas, and U.S. ambassador, co-founded the National Committee for Religious Freedom (NCRF) to, in his words, “protect the right to the free exercise of faith for all Americans.” NCRF’s board members decided to set up the non-profit’s bank accounts at JPMorgan Chase….
TuSimple to Restructure US Business, Lay Off 30 Percent Staff
TuSimple Holdings Inc. said on Thursday it will cut 30 percent of its workforce in the United States under a restructuring as the autonomous driving technology company looks to preserve its balance sheet amid a funding crunch in the sector. The shares of the company fell more than 8 percent in premarket trading. The San…
Ford Recalls SUVs, Some for a 2nd Time, to Fix Rear Camera Display
DETROIT—Ford is recalling over 422,000 SUVs in the United States because the image from the rear camera may not be displayed. The recall covers certain Ford Explorers and Lincoln Aviators from the 2020 through 2023 model years, as well as 2020 through 2022 Lincoln Corsairs. All have 360-degree cameras. Some of the vehicles were recalled…
Europe Approves World’s First Cryptocurrency Regulations
The European Union has approved a set of rules—the first such regulation in the world—to regulate crypto assets like cryptocurrencies and tokens in a bid to curb money laundering activities and protect investors. The markets in crypto-assets (MiCA) legislation was approved on May 16 by EU ministers. The new rules will increase transparency and create…
-
Recent Posts
-
Archives
- May 2025
- April 2025
- July 2023
- June 2023
- May 2023
- April 2023
- March 2023
- February 2023
- January 2023
- December 2022
- November 2022
- October 2022
- September 2022
- August 2022
- July 2022
- June 2022
- May 2022
- April 2022
- March 2022
- February 2022
- January 2022
- December 2021
- November 2021
- October 2021
- September 2021
- August 2021
- July 2021
- June 2021
- May 2021
- April 2021
- March 2021
- February 2021
- January 2021
- December 2020
- September 2013
- July 2013
- March 2013
- January 2013
- December 2012
- November 2012
- December 1
-
Meta