Republicans want to stop the Securities and Exchange Commission from adopting rule 4-637, which would require corporations to disclose their political contributions. A group of shareholder activists, pension fund representatives, and Democratic lawmakers are pushing the S.E.C. to require corporations to report their political spending to investors.
After years of complaining that Democrats haven't passed a budget, now Republicans are refusing to negotiate at all on the Senate's recently passed spending plan. Under regular order, the two chambers should come together to find a compromise between the Democratic budget in the Senate and the Republican austerity plan in the House.
The banksters are cashing in off their own disaster. The big banks are buying up distressed real estate by the boat load, and renting or selling it back to the public for huge profits. And, in addition to making it even more difficult for economically-strapped Americans to become home owners, the banksters are increasing the likelihood of another Wall Street-fueled bubble that could crash our economy.
After a day-long manhunt, and the lock-down of a major American city, the second suspect in the Boston Marathon bombing was finally taken into custody on Friday. A Watertown resident tipped police after noticing blood on a boat in his backyard, and Dzhokhar Tsarnaev was found hiding out inside. Authorities report that he was severely wounded before agreeing to surrender.
As if the economic risks of austerity, derivatives trading, and an under-regulated banking industry weren't enough... A new report from Stern and the think-tank Carbon Tracker warns of an over-inflated “carbon bubble” in the stock market.
Yesterday, the majority of Senators voted to pass a background check bill, meant to keep guns out of the hands of criminals. But that majority wasn't enough to reach the 60 vote threshold needed to turn that bill into law. The final vote was 54 to 46. Four Republicans voted to support the background check measure, and four Democrats voted against it.
Yesterday's horrific Boston Marathon bombing left three people dead and at least 154 injured. Eight-year-old Martin Richard was one of the fatalities. CNN reports that of the 154 people hospitalized yesterday, 41 were listed in serious condition and 17 were critical.
Today, the Supreme Court heard arguments on whether human DNA can be patented, and be considered intellectual property. Currently, companies, universities, and other scientific group hold patents on at least 4,000 human genes.
On Thursday, the Senate voted to begin debate on gun-control. The vote marked the first time gun legislation will be argued in the upper chamber since the 1990's. The final vote to begin debate was 68 to 31, with 16 Republicans crossing the isle to allow arguments to proceed.