The New York Times is reporting that investors are fleeing the stock market at a sharp pace in response to recent economic news. Wall Street trading took a two percent fall on Wednesday as employers have failed to add jobs to the hiring market at the previously predicted rate. In addition, other factors such as […]
Reporting from Washington — The recently enacted financial reform legislation tries in numerous ways to change how Wall Street companies and their federal regulators act, but a little-noticed provision aims for something potentially more difficult and controversial — altering how they look.
President Obama on Monday chided Senate Republicans for engaging in “pure partisan politics’’by blocking a bill that would offer tax breaks and ease credit to small businesses, and said the measure was necessary to boost hiring and economic growth.
Yesterday I was invited to the White House to discuss Wall St. reform along with White House officials Corey Ealons, Cecilia Rouse, as well as Howard Professor and contributor to the Grio, Leon Wilmur, and John Simon from Black Enterprise. If you missed the livestream, here is the video. RELATED STORIES Senate Approves $26 Billion […]
This Wednesday, our NewsOne correspondent Casey Gane-McCalla will be at the White House with other members of the Black media to find out how “Wall Street reform affects African Americans.”
FROM NYDailyNews.com: President Obama has signed the toughest set of Wall Street regulations and consumer protections against greedy financial practices since the Great Depression.
WASHINGTON — Congress on Thursday passed the stiffest restrictions on banks and Wall Street since the Great Depression, clamping down on lending practices and expanding consumer protections to prevent a repeat of the 2008 meltdown that knocked the economy to its knees.
