National / International News
It’s been five years since the Dodd-Frank Act became law, with the goal of preventing the chaos of the 2008 economic crisis from happening again.
But the question whether it’s worked is just as polarizing as the law itself was back then. The law affects Wall Street, banks, whistleblowers, consumer protection, and other sectors of the financial industry.
Michael Greenberger, a law professor at the University of Maryland, says there have been flaws in the implementation of the law, but “the dangerous trading, to the extent Dodd-Frank reaches it and controls it, has been substantially mitigated because of the fact that it’s not a dark market anymore.”
In order to mitigate that “dangerous trading” that led to the 2008 market crash, the Securities and Exchange Commission had to write lots of new rules, and the agency isn’t done. Richard Williams of the Mercatus Center says the sheer number of new rules is too big a burden, particularly for banks. He says that makes it harder for banks to lend.
“I don’t think anybody knows precisely what this is going to do to the financial sector," he says.
The SEC says all those rules are making the financial markets stronger and more resilient.
That's how much Toshiba profits have been inflated over several years, according to an independent inquiry. On Tusday, CEO Hisao Tanaka and several other executives resigned in light of the findings. As Reuters reports, the scandal comes at a time when Prime Minister Shinzo Abe is trying to rebuild the country's reputation in the global financial market.5 years
That's how long it has been since the Dodd-Frank Act became law. But even though it's been around for a while, that doesn't mean the Securities and Exchange Commission is done revising and adding new rules. It leaves some experts worried that too many rules will burden banks from lending.21 percent
That's how much hotel construction has grown over the past year, according to data from STR. With this boom in competition, not to mention Airbnb, rates for hotel rooms have stayed low — a welcome development for Europeans visiting the U.S., as the dollar remains strong against the euro.$55
That's how much Star Wars superfan Ken Landrum charged per file to re-create his 40-piece, 3-D printed Stormtrooper gun. By offering his design to the public, he is effectively offering merchandise eight months before the next Star Wars film hits theaters, and five months before the official wares from the movie are offered in Disney stores. The Wall Street Journal takes a look at what the era of home 3-D printing might mean for Hollywood merchandising.£20
That's the value of the note which will get a bit of a face lift in the UK — for the past two months, the Bank of England accepted nominations from the public of British visual artists they thought should be featured on the new note. Among the nominees are Alexander McQueen, Beatrix Potter, and Marie Tussaud. Check out the full list of nominees here. From this list, 3-5 finalists will be chosen by an advisory committee, from which the Governor will pick the face of the new £20 note in spring 2016.
The Romanian region is the home of Dracula, but less than 2 percent of the people donate blood.
After the Angels had their first game rained out in 20 years, they called in the helicopter to dry out the field.
Host Renee Montagne speaks with former diplomat Bill Burns about the secret talks he initiated with the Iran. That paved the way for the negotiations that produced the breakthrough nuclear deal.
The official reopening of the U.S. Embassy in Havana won't happen until Aug. 14. But Cubans were on hand as the U.S. and Cuba resumed full diplomatic relations after a break of more than 50 years.
Sandra Bland was found dead in a Texas jail last week. Her jailers say the African American woman committed suicide. But the case has triggered a wave of suspicion on social media.
Brent Roske is a Hollywood writer-producer-director who's come to Des Moines, Iowa, where he's started a television show that's rapidly become a destination for presidential candidates.
Ohio Gov. John Kasich plans to join the crowded field of Republican presidential candidates with a speech Tuesday morning in Columbus, Ohio.
The good news for Greeks is that banks are open again. The bad news is a sales tax hike that's made most things more expensive. It's an attempt to raise more tax revenue and balance the budget.
The grocery store chain A&P has filed for bankruptcy. Stiff competition in the food retail industry is forcing the storied company to sell off or close almost 300 stores around the Northeast.