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News & Updates

April 16, 2014 Fed considers stricter banking regulations

Source: Gazettenet.com

WASHINGTON — The Federal Reserve may be about to turn more aggressive in its regulation of the financial system. Fed Chair Janet Yellen suggested Tuesday that current regulatory rules might not be enough to prevent the kind of...

April 16, 2014 Detroit strikes two deals over pensions with police, firefighters, other former employees

Source: Fox News

DETROIT – The city of Detroit reached tentative agreements to preserve pensions for retired police office and firefighters but cut monthly payments for other former employees, key deals that could accelerate the largest public...

April 15, 2014 New CFR Scorecard Shows U.S. Corporate Tax System Keeps Foreign Profits Abroad

Council on Foreign Relations - The outdated corporate tax system does not raise as much revenue as the systems of most other rich countries, even as U.S. corporate profits have reached record highs, according to a new progress...

April 15, 2014 Bitcoin promoter Shrem indicted in NY for money laundering

Source: Reuters

NEW YORK - Prominent bitcoin entrepreneur Charlie Shrem has been indicted by a federal grand jury in New York on charges of funneling cash to the illicit online marketplace Silk Road.

April 15, 2014 How the World's Only Superpower Is Vulnerable to Catastrophe

Alter Net - As îEric Schlosserî has detailed in his new bookCommand and Control, we have avoided inflicting a Hiroshima-sized attack on ourselves only through sheer dumb luck. Last year, the American Society of Civil...

April 15, 2014 EU research offers 'promise' of improved food safety

Source: CORDIS

The issue of food safety has rocketed up the political agenda in recent years but despite huge improvements, some concerns and problems still persist. Fears about our food are moving away from issues about ensuring an adequate...

April 15, 2014 U.S. healthcare usage and spending resumes rise in 2013 -report

Source: Reuters

Americans used more health services and spent more on prescription drugs in 2013, reversing a recent trend, though greater use of cheaper generic drugs helped control spending, according to a report issued on Tuesday by a leading...

April 14, 2014 High-Frequency Traders Get Curbs as EU Reins In Flash Boys

Source: Bloomberg

European Union lawmakers are poised to approve some of the toughest restrictions in the world on high-frequency trading, the first crackdown in the aftermath of Michael Lewis’s latest book, “Flash Boys.” The curbs are part of...

April 14, 2014 Proof of success of U.S. Clean Air Act shows up in Greenland ice

Source: Tech Times

Proof of the success of the U.S. Clean Air act more than 40 years on from its passing has shown up in an unexpected place, researchers say -- the Greenland ice cap. The act, passed in 1970, mandated that coal-fueled power plants...

April 14, 2014 UK drug company Glaxo 'paid bribes to Polish doctors'

Source: BBC News

UK drug company GlaxoSmithKline is facing a criminal investigation in Poland for allegedly bribing doctors, BBC Panorama has discovered. Eleven doctors and a GSK regional manager have been charged over alleged corruption between...

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