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A judge overturned tight restrictions Tuesday on Colorado medical marijuana providers, saying state health officials had ignored the needs of patients and violated open meetings laws while imposing the rules.
Democratic lawmakers are seeking to stir up competition by stripping health insurers of their protection from certain federal antitrust laws, although experts shrug off the effort as largely symbolic.
New York's top court is upholding rent controls on thousands of units at one of the nation's largest apartment complexes.
U.S. financial regulators told Congress on Wednesday that national differences are vexing efforts to make good on pledges by world leaders to establish new international mechanisms to prevent another financial meltdown.
President Barack Obama is telling Wall Street to take steps on its own to rebuild trust with the public, and not wait for Congress to legislate the tighter oversight of the industry he is pushing.
President Barack Obama sternly warned Wall Street against returning to reckless and unchecked behavior that had threatened the nation with a second Great Depression.
President Barack Obama plans to use the first anniversary of Lehman Brothers' collapse to talk about plans to wind down the government role in a financial sector that needed a Washington bailout last year, an administration official said Sunday.
The pendulum of government regulation is swinging in a new direction. The government spent most of the past three decades dismantling rules put in place to fix the bad practices that led to the Great Depression of the 1930s. President Barack Obama's financial overhaul plan marks a clear step back toward greater regulation.
The Obama administration and House Financial Services Committee Chairman Barney Frank are at odds over how the government can best spot potential institutional meltdowns that could spread and put the nation's financial system at risk.
Debate on new oversight for complex financial instruments moved to the House on Tuesday as lawmakers struggle to determine how tight the government reins on a massive global market should be.
The head of the Securities and Exchange Commission is objecting to a plan being weighed by the Obama administration to create a new financial watchdog for consumers that would assume oversight of mutual funds.
North Dakota utility regulators oppose a "cap and trade" method of reducing gases that may promote global warming, saying it could double consumers' power bills without providing any discernible environmental benefit.
The Obama administration is asking Congress to extend its oversight of the financial system to include the shadowy market of derivatives, the kind of complex financial instruments that helped catapult the world into an economic crisis.
The head of the Securities and Exchange Commission said Friday she favors a new proposal for federal regulators sharing oversight of companies that pose financial risks to the economy.
A judge says a Florida law that would make it more expensive for travel agents to book trips to Cuba is unconstitutional because it interferes with foreign policy.
President Barack Obama says the market is the most effective mechanism for producing wealth, but it goes off the rails sometimes.
Hedge funds generally accept the Obama administration's proposal to require managers to register with regulators, but want to ensure their information will be kept confidential when Congress acts, the head of the industry's trade group said Tuesday.
Capitalism can't always be trusted. If you're too big to fail, you're too big to make all your own decisions, according to the emerging view in Washington.
The head of the Securities and Exchange Commission said Thursday the agency must play a key role as an independent watchdog protecting investors in the new system of financial regulation that is being crafted.
The Obama administration's aggressive plan for strict scrutiny of hedge funds and other freewheeling investors, part of the biggest expansion of financial restraints since the Great Depression, is drawing instant opposition from Republican lawmakers and the rules' targets. And skeptics are questioning whether the new rulebook would work anyway.
The administration wants Congress to act quickly on legislation that would give it sweeping new powers to seize financial firms whose collapse could jeopardize the U.S. economy, Treasury Secretary Timothy Geithner said Wednesday.
Giving the government new powers to seize big troubled companies on Thursday became the new focus of debate in Congress as lawmakers and the administration begin efforts to overhaul the nation's financial rule book.
Britain's financial services watchdog proposed sweeping changes to global banking regulations on Wednesday, including a crackdown on the "shadow banking" activities of institutions like hedge funds.
Greater transparency from banks, corporations and other market players will be demanded under the overhaul of the nation's financial rules that Congress is embarking on, but the role of the Federal Reserve is an early sticking point in those plans.
Congress is moving forward on an ambitious project to impose new government reins on the financial markets. A House panel on Thursday cleared a measure to expand regulation of complex financial instruments and the authority of a small federal agency.
The Nefarious Force Behind Cap & TradeRecently, a number of emails have been hacked from the University of East Anglia's Climate Research Unit (CRU).
Who Is Barack Obama and What Has He Done With the Community Organizer We Elected President?What's up with Barack Obama? The candidate for change once promised to take on the powerful banking interests but is now doing their bidding.
Is that Right? Is Decreasing your salt intake really for the best?So maybe salt isn't as bad for you as many think...
Fed Rules Would Restrict Overdraft Fees on Debit Cards"The final overdraft rules represent an important step forward in consumer protection," the Federal Reserve Chairman Ben S. Bernanke said. "Both new and existing account holders will be able to make informed decisions about whether to sign up for an overdraft service."
Worldwide poll: Vast majority say capitalism not working Dissatisfaction with capitalism is widespread around the globe 20 years after the fall of the Berlin Wall that heralded the demise of European communism, a poll released Monday showed.
Was Ronald Reagan an Even Worse President Than George W. Bush?There's been talk that George W. Bush was so inept that he should trademark the phrase "Worst President Ever," though some historians would bestow that title on pre-Civil War President James Buchanan. Still, a case could be made for putting Ronald Reagan in the competition...
British break up several bailed-out banksLONDON -- The British government announced Tuesday that it will break up parts of major financial institutions bailed out by taxpayers, highlighting a growing divide across the Atlantic over how to deal with the massive banks that were partially nationalized during the height of …
Getting Smart About The "smart Choices" Label How can you tell when a consumer product might be one you should avoid? Easy. Whenever a corporate spokesperson declares that the product in question "complies with all U.S. laws and regulations" – run away as fast as you can.
Prosecute The Financial Fraud - Economist James Galbraith's View Of The Recession - Bill Moyers Journal . Watch & Listen | PBSJames K. Galbraith, onetime executive director of Congress' Joint Economic Committee, teaches economics at the University of Texas, where he holds the Lloyd M. Bentsen Chair at the LBJ School of Public Affairs.
Many Schools Are Setting Restrictions on Halloween CostumesLittle Bo Peep would make the cut at the Halloween parade at Riverside Drive Elementary School here on Friday, but the staff she used to menace her sheep would probably have to go.
Wall Street's Naked SwindleOn Tuesday, March 11th, 2008, somebody — nobody knows who — made one of the craziest bets Wall Street has ever seen.
The Warning / Otc Derivative Market Still Dangerously Unregulated - Credit Default Swaps As bank failures soar to 106 - the Oligarchy (the financial powerful elite few) are still in full control and only the truth and transparency will begin to crack that bubble of denial. PBS's The Warning is a major step in that direction.
We desperately need to bring back regulation of the finanacial industry. This is not socialism, or over-reaction.
Goldman Sachs Defends Trading Practices: Dark Pools, Flash Trading, Short SellingIn a document handed to the US Securities and Exchange Commission (SEC), the investment bank asserts that such practices, some of which the SEC is looking to restrict, actually benefit investors by increasing competition and reducing costs.
House to take on 'too big to fail'Nice of them to finally do what should of been done after the last bailout of their banking friends.
If the men in 1998, would have listened and not discounted her as a mixed up Woman, Brooksley Born may have spared us the 2008 recession or at least limited its depths.
Dismantling the Wall Street CasinoWhile better oversight of the bailout barons is helpful, the best way to change Wall Street pay practices is to adopt a set of tough, comprehensive regulations that cover everything from the executive suite to the loan department.
Another View of OutsourcingUntil several years ago, I was fortunate to have several people working for me who were talented, intelligent, creative and energetic. They also appreciated the limits of their knowledge and strived constantly to maintain and improve their skills.
Stealth Socialism Congress' planned health care revolution will be bad enough without a government-run option. With it, Euro-style socialism becomes inevitable. It's time for a bipartisan way out of this disaster.
A Nobel Prize for Showing That Freedom Works -- John StosselPundits and politicians act as if government can solve almost any problem. At the slightest hint of trouble, the ruling class reflexively assumes that knowledgeable, wise and public-spirited government regulators are capable of riding to the rescue.
Big financial firms losing power on Capitol HillLarge banks are on the verge of losing a key legislative battle over the shape of financial reform, an unusual setback that reflects the continued political backlash over their role in creating the financial crisis.
Obama proposes new consumer agency - Washington TimesThe Obama administration Tuesday proposed legislation for a financial oversight agency designed to protect consumers and investors from unscrupulous deals - a plan praised by Democrats, but met with skepticism on Wall Street.
House Financial Services Committee Considers Regulating Industries That Heavily Fund Members' CampaignsHere are the top 20 recipients on the House Financial Services Committee of contributions from the PACs and employees of the financial sector (including donations to lawmakers' leadership PACs and candidate committees since 1989):
Put out the FIRE on Capitol Hill with a Consumer Financial Protection AgencyFIRE is an acronym for the Finance, Insurance and Real Estate (FIRE) industries. And you can bet that FIRE is throwing lots of lobbying money around to head off the creation of a new government agency to curb its excesses and recklessness.
Key House Panel Votes to Regulate Derivatives A key House committee voted on Thursday to regulate, for the first time, trading in the arcane financial instruments known as derivatives, which have been linked to the financial crisis that shocked Wall Street and cut into the savings of millions of Americans.
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