World News Center
Dodd: Time to reform Wall Street is now
March 16, 2010The head of a key banking panel on Monday released a draft bill of sweeping regulatory changes aimed at warding off future collapses in the financial system.
Census: Help save Uncle Sam $1.5 billion
March 16, 2010The Census Bureau estimated Monday that Americans could save the federal government $1.5 billion by mailing their 2010 census forms instead of waiting for a census taker to show up at the door.
How to craft a (toothless) bipartisan bill
March 16, 2010Washington insiders are all pumped up by Sen. Chris Dodd's pending financial reform bill. They say that it seems to have a real chance to garner bipartisan support. Yippee! That sounds great on the surface, but ask yourself WHY it seems more popular than, say, Obama's health-care bill? Reason is that Dodd's dang thing's got no teeth! Sure the bill has a measure to create a consumer protection agency within the Fed, (even that's controversial) and it would ban bank execs from being on the New York Fed's board. Then there's the real torches and pitchforks stuff, but even here, the bill is fangless. The proposed bill would allow shareholders to have "advisory votes" (say what?) on executive pay.
Senate takes a stab at financial reform
March 16, 2010The head of a key banking panel is expected Monday to release a draft bill of sweeping regulatory changes aimed at warding off future collapses in the financial system.
Chinese leader decries calls to boost currency
March 16, 2010China is bracing for another tough year despite economic growth, but opposes foreign pressure to appreciate the value of its currency, Premier Wen Jiabao said Sunday.
No room for error on U.S. debt
March 16, 2010The United States isn't in jeopardy of losing its gold-plated credit rating, though by one measure America is closer to the ratings-downgrade danger zone than Spain.
Is the Fed blowing bubbles?
March 16, 2010Is the Federal Reserve forever blowing bubbles?
How to become an exec-for-rent
March 16, 2010If you're like most senior company loyalists, the word "temp" probably brings to mind certain corporate characters. The receptionist who's always updating his Facebook page. The coder who spends more time on job search algorithms than on optimizing your site. The contract manager who never gets that her suit looks odd in your laid-back culture.
Yellen in line for Fed No. 2
March 16, 2010San Francisco Federal Reserve Bank President Janet Yellen is the leading contender to be the next vice chairman of the central bank, a senior Obama administration official told CNN Friday.
Mortgage help: 170,000 get aid
March 16, 2010More than 170,000 troubled homeowners are breathing a lasting sigh of relief now that they've received permanent modifications under the Obama administration's foreclosure prevention program.
