Regulators want to start making banking boring again. Today, five different regulatory agencies are expected to adopt the Volcker Rule, which would redraw a line between regular banking and Wall Street gambling. The rule is one of the centerpieces of the Dodd-Frank Wall Street Reform Act, and it is seen as a litmus test for the overall strength of the financial reform law.
Congress hasn't done much this year, but House and Senate negotiators are close to a deal on “fast-tracking” the Trans Pacific Partnership. The TPP is a massive trade agreement among the US and a dozen Pacific nations that poses a major threat to our jobs, our economy, and our national sovereignty.
Yesterday, the world lost a great man. Nobel Peace Prize winner Nelson Mandela passed away at the age of 95. In addition to being South Africa's first black president, Mandela was an anti-apartheid activist and human rights icon throughout much of his life. He even spent 27 years locked up as a political prisoner for trying to fight the apartheid in South Africa.
The American Legislative Exchange Council has one heck of an agenda for 2014, and it all centers around one idea – profit over people. ALEC will meet this week in Washington, DC, for its “States and Nation Policy Summit.” The event is a closed-door conference headlined by Ted Cruz, Paul Ryan, and Ron Johnson, where ALEC will push their “model legislation” for 2014.
The banksters could be forced to pay tens of billions of dollars more in settlements for crashing our economy. But, these fees are just a small fraction of the price that American taxpayers paid for the economic collapse.
On Black Friday, more than 1,500 protests took place at Walmart stores around our country. Organizers reported more than 100 arrests in civil disobedience actions. The events centered around Walmarts low wages, unethical treatment of workers, and their history of trying to prevent employees from forming unions.
Methane emissions in the South Central US are nearly five times higher than previously thought. According to a new study from Harvard University, there is way more methane being pumped into our atmosphere, and that means a much larger effect on climate change.
On Sunday, major world powers reached an agreement to scale back the Iranian nuclear program. In exchange, our nation and others will slightly lift some of the sanctions against Iran, but embargoes against Iranian banks and oil will remain in place. The interim deal was reached in Geneva, where the US, UK, France, Germany, China, and Russia crafted the diplomatic agreement.