CEOS of Wall Street Can Be Held Liable If Volcker Rule is Violated by their Banks
10/25/2011 Regulators are seriously considering holding the chief executives of Wall Street legally liable if they permit some types of proprietary trading on their watch. The regulators, who are due to make public the proposed Volcker rule next week, are expected to ask if CEOs must certify, or “attest,” that their banks have installed […]
Panel Says There Must be A Limit on Health-Care Benefits to Ensure Affordability
10/24/2011 A panel of experts on Thursday suggested that the Obama administration must emphasize affordability over the breadth of coverage when it comes to the implementation of a vital insurance provision of the 2010 health-care law. Obama officials who are charged with specifying what “essential benefits” many health plans will cover must make it […]
Crackdown on Pot-Clinics in California is Threatening a $1 Billion Industry
10/24/2011 The crackdown of the U.S. Justice Department aimed at the landlords of the medical-marijuana dispensaries in California is threatening an industry estimated to generate as much as $1.3 billion in yearly sales. In the city of Los Angeles alone, according to a Rand Corp study released on September 21, there were 638 dispensaries […]
Legal Latino Workers in Alabama Flee from Immigration Law
10/23/2011 The tough new immigration law of Alabama, intended to put undocumented workers out of jobs, is also scaring away a lot of legal Latino construction workers, roofers, as well as field hands, and could potentially deal a huge blow to the economy of the state. The vacancies have created a vacuum in some […]
Regulator Exceeded its Power According to Court
10/23/2011 A Manhattan federal appeals court on Wednesday ruled that Finra, a key regulator of Wall Street for over 70 years, does not have the authority to take its members to court in order to implement its disciplinary actions. The surprise ruling limits the powers of the Financial Industry Regulatory Authority, which is formerly […]
Groups Say that S.C. Cruise Case Should be Heard by Lower Courts
10/22/2011 The plaintiffs in the lawsuit against Carnival Cruise Lines and the expanding cruise industry of South Carolina said that local courts should hear the case first before it is elevated to the state Supreme Court. The high court received a pleading Monday from the plaintiffs saying that the case is essentially a local […]
Ohio Pork Industry Angered by Response to Muslim Suit
10/22/2011 The decision of Ohio officials to remove pork products prison menus in response to a lawsuit filed by Muslim inmates angered the pork producers and processors located in the state. Both made a promise action of their own, which includes a likely counter lawsuit, to address what is being regarded by the industry […]
Infested Ore Pines – Being Sought for Removal by the Industry
10/21/2011 In Portland, Oregon, there are about 300,000 acres of forest with dead trees, particularly in the counties of Klamath and Lake, which have gotten through a fire season without any problem. The dead trees were infested by pine bark beetles. Although the weather that prevailed in the southern part of Oregon is cooler […]
Fear Is What the New Georgia Immigration Law Produced
10/21/2011 Hispanics panicked when the toughest immigration law was signed by Georgia’s Republican Governor Nathan Deal. Reactions included the fear of going out, where Hispanics instead opted to stay at home, no one risked driving without a license, and some even moved to other states like Oklahoma and Texas. According to St. Joseph’s Catholic […]
Health Care Dispute Looms Over New Term of the U.S. Supreme Court
10/20/2011 The U.S. Supreme Court’s nine justices who serve without seeking election will soon have to decide whether or not they would want to immerse themselves into the hub of the presidential campaign next year. The high court will begin its new term Monday, and the health care overhaul of President Obama, which affects […]