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Federal Reserve Nips Bank Rules; Critics Warn of Back sliding.

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'The Fed is slowly, but steadily, making a series of regulatory changes that chips away at new requirements put in place to prevent a repeat of the 2008 meltdown. The end result is that a portion of bank financial activities will no longer be captured and judged by regulators.The Fed is expected to soon approve bank-friendly changes to the Volcker Rule , . Fed officials worry that the central bank & its  regulators are giving large banks, which are making big profits, an unnecessary gift that could leave the economy exposed in the next downturn. They say the overseers should be forcing banks to maintain or even build up their defenses given the strong economy, which is in its longest expansion on record, rather than eroding those buffers.'

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I began teaching in 1963,; Ba and BS in Education -Brooklyn College. I have the equivalent of 2 additional Master's, mainly in Literacy Studies and Graphic Design. I was the only seventh grade teacher of English from 1990 -1999 at East Side (more...)
 

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  New Content

This president is a wrecking ball.

* Stocks Nosedive Amid Fears of a Trump-Induced Recession

*China /Trump's threat of new tariffs sparks backlash from US retailers. Shell Oil laid off 2000 workers thanks to his tariffs.

*and now-- Trump is talking about payroll taxes after he signed a $1.5 trillion tax package that included steep cuts in the corporate tax rate and other incentives for companies to invest immediately. but, The Institute for Supply Management's Purchasing Managers' Index, a closely watched measure of manufacturing health, has fallen to just above recession levels.

*Trump Auctions Off 150,000 Acres of Public Lands for Fracking Near Utah National Parks

*The Trump Administration Takes Climate Denial to New Heights Increase emissions, then stop scientists from talking about what will happen when emissions increase

* The endangered spies act is endangered.Three months after leading scientists warned that humans have drivenup to 1 million species around the globe to the brink of extinction, theTrump administration has finalized a sweeping overhaul of theEndangered Species Act, weakening one of America's most important laws for protecting imperiled plants and animals. [HuffPost]

*He has launched a proposal toweaken the 2012 vehicle pollution standards put in place by President Barack Obama, which remain the single largest policy enacted by the United States to reduce planet-warming carbon dioxide emissions.

*"The Trump administration will penalize legal immigrantswho rely on public programs, such as food stamps and government-subsidized housing, as part of a sweeping new policy to slow legal immigration into the United States and reduce the number of immigrants who are granted permanent legal status.

* His administration's constant attacks on the Affordable Care Act are threatening critical sources of treatment for people struggling with addiction, quite literally endangering lives in the process. His sabotage of the Affordable Care Act has already costthe average New Hampshire family $3,790 in premium increases. His administration's ACA attacks also threaten coverage for hundreds of thousands of families in the state.

* IT JUST GOT HARDER TO APPLY FOR GREEN CARDS The new policy expands the definition of what would make an applicant likely to become a "public charge" - someone the government has deemed would be dependent on it. [HuffPost]

* and his position on Guns? -- After talking with Wayne LaPierre, President Trump repeats many of its longtime positions-- mental health's the problem ...not weapons of war with huge magazines.

And on and on ...when Trump is finished...so are we the people.

Submitted on Wednesday, Aug 21, 2019 at 2:47:42 PM

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