The Dodd-Frank Act, the sprawling law to address the causes of the financial crisis, is a job killer that should be repealed, Republican presidential candidates say.
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Dodd-Frank Act Is a Target on G.O.P. Campaign Trail
It’s been less than two weeks since President Obama spoke to Congress and the nation about the urgency of taking additional steps to stimulate job creation by increasing public and private spending in the short term. Since then, two things have happened. The economic outlook has only gotten worse, largely because of the financial turmoil in Europe and further declines in consumer confidence. Read full article > >
Apartment builders are pouring money into the Washington area real estate market , buying land and existing buildings in an effort to take advantage of a relatively stable job market and a region that they say has become more attractive to young professionals. Delta Associates, a research and consulting firm based in Alexandria, called the Washington area “the best performing apartment market in the nation” at the end of June, due to the available jobs, a vacancy rate of only 3.1 percent and a long pause in building that began with the financial crisis. Read full article > >
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Apartment developers turn their attention to Washington
While the courts deal with those responsible for the riots shopkeepers and businesses are counting the financial cost of the disturbances.
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VIDEO: Riots: The cost to business
Stocks are plummeting. The economy is slowing. Politicians seek solutions but can’t agree. Is 2011’s turmoil a repeat of the financial crisis of 2008?
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Financial Turmoil Evokes Comparison to 2008 Crisis
Banks lost a key battle on Capitol Hill on Wednesday to preserve billions of dollars in debit card fees, despite a lobbying blitzkrieg that tested the industry’s ability to move beyond the stigma of the financial crisis. A proposal by Sen. Jon Tester (D-Mont.) to delay and rewrite a law that curtails the fees merchants must pay to banks each time a debit card is swiped failed to win enough votes to move forward Wednesday. The bill was banks’ last hope for relief before the law takes effect next month, and they unleashed hundreds of thousands of dollars in political donations and dozens of lobbyists to drum up support. Read full article > >
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Banks’ bid to delay debit card swipe-fee rules fails as Senate vote falls short
Goldman Sachs executives say they expect U.S. prosecutors to serve them with
An investigation which cleared Royal Bank of Scotland of any wrongdoing in the run-up to the financial crisis is to be reviewed.
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RBS failure report to be reviewed
The U.S. government has pulled out all the stops to try to get the economy back on track following the Great Recession: It is running a huge budget deficit, the financial sector has been bailed out, and the Federal Reserve is keeping interest rates ultra-low.
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Recovery efforts could speed dollar’s decline
Several years after the financial crisis, no senior executives of major financial institutions have been charged, and a collective government effort has not emerged.
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In Financial Crisis, No Prosecutions of Top Figures
Michael Hirsh, the longtime economics correspondent for Newsweek , now serves as chief correspondent for National Journal. In his new book, Capital Offense: How Washington’s Wise Men Turned America’s Future Over to Wall Street, and a current feature he traces the economic crisis of 2008 back to its roots in Washington economic policy from the era after Reagan, arguing that the policy process in Washington was captured by the financial industry. I put six questions to Michael about his book: . . .
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SCOTT HORTON—Capital Offense –Six Questions for Michael Hirsh
The deal is one of the biggest mergers since the onset of the financial crisis.
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DealBook: AT&T to Buy T-Mobile USA for $39 Billion
AT&T just swallowed up 46.5 million more customers: The mobile giant announced on Sunday a deal to buy T-Mobile USA for a whopping $39 billion in cash and stock, making the transaction of the biggest mergers since the financial crisis. T-Mobile USA…
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AT&T to Buy T-Mobile USA
The nation’s large banks have made major progress rebuilding capital levels that had been depleted during the financial crisis, the Federal Reserve said Friday, as it gave many of the firms the green light to pay dividends to their shareholders.
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Fed deems several major banks healthy enough to pay dividends
The people’s revolution is on its track, calling for the removal of the regime and performing various activities on the road to victory. In the past week, several remarkable activities were undertaken with resounding success. First came the picketing of the financial harbor owned by the regime’s Prime Minister Khalifa bin Salman Al Khalifa. It was conducted at night when hundreds of protesters moved from their base at Pearl Square and took position near the main financial center. read more
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Bahrain’s Revolution Reaches What Could Become Decisive Phase
Banks’ bid to delay debit card swipe-fee rules fails as Senate vote falls short
Wednesday, June 8th, 2011SCOTT HORTON—Capital Offense –Six Questions for Michael Hirsh
Thursday, March 24th, 2011Fed deems several major banks healthy enough to pay dividends
Saturday, March 19th, 2011Bahrain’s Revolution Reaches What Could Become Decisive Phase
Saturday, March 12th, 2011
