The Federal Reserve Board approved a rule Monday prohibiting the government from extending emergency loans to "too big to fail" companies.
The practice of intervening with loans was essential during the global financial crisis of 2008 and 2009, but was formally abandoned Monday to keep within the confines of the Dodd-Frank Act, passed in 2010.
Federal Reserve ends 'too big to fail' lending policy
Israel To Coordinate With Google, YouTube, To Censor Palestinian Videos Of Conflict
Israeli daily Maariv said Hotovely will be working with Google and YouTube officials in a joint mechanism that will be in charge of “monitoring and preventing” any publication of materials deemed by Tel Aviv to be “inflammatory.”
Hotovely announced in a Hebrew-only press release that she met with YouTube CEO Susan Wojcicki, and Google’s Director of Public Policy, Jennifer Oztzistzki, at Google’s Silicon Valley Offices.
World’s Most ‘Adorable Drug Kingpin’ Is Actually the Daughter of Texas DEA Head Honcho
“You don’t see many drug traffickers retire,” gloated Bill Furay, head of the DEA’s office in Beaumont, Texas, following the arrest of a wealthy couple from a tiny neighborhood in Pearland. “Either they end up in prison, or they end up dead.”
Furay apparently never had time to give that lecture to his teenage daughter, Sarah, who was arrested earlier this month on drug-trafficking charges that could result in decades behind bars.
NSA bulk phone snooping program shuts down
The National Security Agency will no longer be able to collect phone records in bulk starting Nov. 29, the Office of the Director of National Intelligence said in a statement Friday.
The program's closure was required by the USA Freedom Act, signed by President Barack Obama in early June. The program was allowed to continue since then as part of a six-month wind-down period, in which intelligence officials could create and test a new phone records program where the government can only obtain records connected to a specific entity like a person or device that is associated with a foreign power or terrorist group.
Colorado Springs: a playground for pro-life, pro-gun evangelical Christians
Colorado Springs, the location of an attack on a Planned Parenthood clinic that left three people dead, is a centre of rightwing Christian culture with a “wild west mentality” when it comes to guns.
The attack, by a lone gunman carrying a rifle or shotgun, took place at a clinic that is the site of regular anti-abortion protests by the city’s pro-life Christian groups.
U.S. hardest-hit nation for weather-related disasters
If there has ever been a finding that exemplifies the need for additional investments in weather resiliency and adaptation measures, the United Nations put it forth this week.
Over the past 20 years, 90% of major disasters have been caused by weather, and the United States was the hardest-hit country, according to a new U.N. report.
NYT and WP Journalists Failed to Disclose Sources’ Funding From Monsanto
Following a Columbia Journalism Review article on whether science journalists should accept money from corporate interests, and whether there is adequate disclosure of sources’ corporate ties and conflicts of interest, U.S. Right to Know reviewed recent articles to assess how often journalists and columnists quote academic sources without stating that they are funded by the agrichemical giant Monsanto, which produces pesticides and GMOs.
Our review found 27 articles quoting (or authored by) university professors after they received Monsanto funding, but without disclosing that funding.
Fracking Companies Have Been Getting Worse About Disclosing The Chemicals They Use
Want to know what chemicals energy companies use in their hydraulic fracking operations? Turns out it’s getting harder and harder to answer that question.
According to a new study published in the journal Energy Policy, fracking companies have become less forthcoming since 2013 about the chemicals used in their operations, citing “the use of proprietary compounds” as grounds for limiting their disclosure.
Why Thanksgiving Is A 'National Day Of Mourning' For Some Americans
When Cedric Cromwell sits down with his family for a meal on Thanksgiving each year, the day holds a unique kind of significance.
Cromwell is the chairman and president of the tribal council of the Mashpee Wampanoag, the same Native American tribe that first made contact with the Pilgrims who arrived in Massachusetts in 1620. While the Wampanoag welcomed the Pilgrims and helped them ensure a successful first harvest, they were nearly wiped out by warfare and disease that arrived with the settlers.
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