With the Senate finally passing the complex financial regulatory reform law and sending it to President Obama for his signature, the work now turns to the hundreds of regulations and dozens of studies which must be completed to implement the most sweeping financial reform since the Great Depression. But while regulators work on all of […]
For the first time since the sinking of a South Korean warship in March, which Seoul blames on the North, officials from North Korea met with the American-led United Nations Command which enforces the armistice that ended the Korean War. International relations Professor William Keylor, author of “A World of Nations: The International Order Since […]
In hopes of slowing the growing scourge of killer bacteria, the Food and Drug Administration has released a policy document that says agricultural uses of antibiotics should be limited to assuring animal health. But the FDA again stopped short of banning antibiotics in feed given cattle, chickens and pigs — as European regulators already have. […]
July 13, 2010 at 11:57 am
With all eyes toward November’s mid-term elections, a new Washington Post/ABC poll shows only 43 percent of Americans approving the job President Obama is doing on the economy, a new low for him. A new CBS poll has that number at 40 percent, with 54 percent disapproving. Political science Professor Graham Wilson, author of “Only […]
July 13, 2010 at 11:03 am
The lethal, coordinated bombing attacks in Uganda during the World Cup final have accelerated concerns among anti-terrorism authorities in the United States about the previously local Islamic group, the Shabab, that now is using the Al Qaeda playbook to spread terrorism across borders. International relations Professor Charles Stith, director of the African Presidential Archives and Research […]
During the Crash of 2008, the Federal Deposit Insurance Corporation said it lacked access to need information to evaluate the risk being taken by banks which later either collapsed or needed taxpayer bailouts to stay afloat. Now regulators at the Federal Reserve and Treasury Department have given the FDIC specific, unlimited authority to examine banks. Law Professor Cornelius […]
As the Senate is poised this week to vote on the House-passed compromise bill reforming the financial regulatory system, Law Professor Tamar Frankel, an authority on securities law and author of “Trust and Honesty: America’s Business Culture at a Crossroad,” speculates about the future of derivatives trading once the reform act is enacted. More important […]
In a surprise announcement, Comptroller of the Currency John Dugan (r.) says he will step down next month as the top U.S. bank regulator. Appointed by President George Bush, Dugan was instrumental in shaping the “stress tests” for the largest financial institutions, but often sparred with FDIC Chairwoman Sheila Bair about consumer matters. Former Federal Reserve […]
Many legal experts foresee a collision coming between President Obama’s progressive agenda and the Supreme Court’s conservative majority. Republican attorneys general in 20 states, for example, have already sued the federal government over the healthcare reform act, arguing that the law’s mandate to buy health insurance tramples states’ rights and exceeds Congress’ power. Political science […]
Norwegian authorities said three men suspected of having links to Al Qaeda in a terrorism conspiracy linked to plots in the United States and Britain were arrested, two in Norway and one in Germany, thanks to help from American intelligence agencies. International relations Professor Joseph Wippl, a 30-year CIA operations officer, said the arrests again reflect that success […]
