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News & Updates

May 17, 2013 Political storm over IRS targeting scandal shifts to Congress

Source: Reuters

A U.S. House of Representatives panel on Friday opens the first in a series of investigative hearings in Congress on the Internal Revenue Service's targeting of conservative groups for extra tax scrutiny, as the political storm...

May 17, 2013 Obama administration issues draft fracking regulations

Source: Washington Post

The Obama administration drew criticism from both environmental and oil industry groups on Thursday after issuing a new draft of regulations for fracking on federal and Indian lands. In its first update of hydraulic fracturing...

May 16, 2013 Debate Heats Up Over Too Big to fail Banks

Moneynews (blog) - A recent statement by Attorney General Eric Holder that the Justice Department takes into account the possible effect on the economy in deciding whether to prosecute the largest banks received a great deal of...

May 16, 2013 Obama Forces Out Acting IRS Chief in Bid to Rebuild Trust

Source: Bloomberg

President Barack Obama announced the resignation of acting Internal Revenue Service Commissioner Steven Miller amid an escalating scandal over the agency’s selective scrutiny of nonprofit organizations.

May 15, 2013 US regulators urged to break up close ratings relationships

Financial Times - Regulators should step in to break up a âclubby relationshipâ between the issuers of asset-backed securities and the credit rating agencies, participants told a Securities and Exchange Commission...

May 15, 2013 Worst of Euro crisis not yet over, says Fitch survey

cfoworld.co.uk - The remaining 41 percent of Fitch survey respondents thought the worst of the crisis is over due to strong support from ... up from 69 percent in the last survey and an all-time high. In a further indication of...

May 15, 2013 Media organizations slam Justice Dept. over secret gathering of AP phone records

Source: Washington Post

More than four dozen media organizations joined forces Tuesday to sharply rebuke the Justice Department for secretly gathering the phone records of Associated Press journalists, calling on the department to promptly return the...

May 15, 2013 Budget Office Cuts Estimate of Nation’s 2013 Deficit by 24%

Source: NY Times

WASHINGTON — Since the recession ended four years ago, the federal budget deficit has topped $1 trillion every year. But now the government’s annual deficit is shrinking far faster than anyone in Washington expected, and perhaps...

May 15, 2013 Will ‘Resilience’ Replace Sustainability?

Source: Triple Pundit

Last week, the wine-making town of Sebastopol became the second California city after Lancaster to require that solar panels be installed in all new building construction. Among the driving forces for Sebastopol’s solar are local...

May 15, 2013 Justice Department, IRS scandals challenge Obama’s civil liberties credibility

Source: Washington Post

President Obama, a former constitutional law lecturer who came to office pledging renewed respect for civil liberties, is today running an administration at odds with his résumé and preelection promises.

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