Based on the reception the planned overhaul received on Capitol Hill, the proposal does not stand a chance for now.
Read More »Bill eases insurance capital standards requirements
The U.S. lawmaker who wrote a Dodd-Frank Act provision that imposes bank-like capital standards on the insurance industry introduced legislation to ease the requirements.
Read More »Senators release details of new bill eliminating Fannie Mae
Fannie Mae and Freddie Mac would be eliminated and private interests would be on the hook for the first 10 percent of mortgage losses under a bill leaders of the Senate Banking Committee plan to introduce within days.
Tagged with: Fannie Mae Freddie Mac
Read More »Office owners gain edge over tenants
Office landlords will gain leverage to raise rents in all but one of 43 large U.S. cities by 2016 as rising demand for space in an improving economy combines with tight supplies.
Read More »Facebook claimant loses bid to dismiss fraud charges
Paul Ceglia, the man who claims he’s entitled to half of Facebook Inc., lost a bid to throw out charges he faked a contract, destroyed evidence and created phony e-mails in a suit against the company’s founder, Mark Zuckerberg.
Read More »U.S. projects $179B profit from Fannie Mae, Freddie Mac
Fannie Mae and Freddie Mac could return $179.2 billion in profits to taxpayers over the next 10 years if they continue operating under federal conservatorship, according to White House budget analysts.
Read More »Mortgage insurers form new trade group to push for broader role
Six U.S. mortgage insurers formed a lobbying association to push for a broader role for the industry in a revamped housing-finance system.
Read More »Democrats seek repeat of 2006 win on state minimum-wage raises
Republicans should be careful what they wish for when it comes to raising the minimum wage.
Tagged with: Minimum Wage Law
Read More »Google chairman sees robots becoming omnipresent
Google Inc. Chairman Eric Schmidt said his company is experimenting with automation in ways that will “replace a lot of the repetitive behavior in our lives.”
Tagged with: Google
Read More »Man named as Bitcoin father denies involvement
A 64-year-old physicist, identified by Newsweek magazine as Bitcoin’s creator, was chased by reporters through Los Angeles and denied any role in the digital currency, saying he first heard of it three weeks ago.
Read More »College grads in low-wage posts displace less educated
The education-wage disparity grows as college grads take low-wage jobs, pushing their less educated counterparts out of the workforce.
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