But as the evolution of Reg AB II suggests, banks and their advocates have managed to preserve many of the industry’s pre-crisis practices by focusing lobbying efforts on obscure corners of the regulatory world, far from the glare of congressional debate or public scrutiny. Many of these agencies are staffed by appointees from the industry they regulate and return to it when their stints are over.
High-yield bonds! We never called it junk bonds, our competition did. … Nothing happened in that marketplace that we didn’t have tentacles into. We were the creator of making it a real marketplace. There were some people that dabbled in it before Mike, but nobody had ever done it in such an organized fashion.
The confrontation might have been avoided, the districts say, with a compromise agreement for managing the Stanislaus that was hammered out between the districts and federal agencies two weeks ago. While all waited for the State Water Board to approve the deal, the fisheries service – constantly monitoring river conditions – directed the bureau to release more New Melones water in a pulse flow the districts had not anticipated, Knell said.
“Somebody has to pay for the cost of acceptance [of the credit card],” says Postrehovsky. “We are giving the consumer the option to pay [through a credit card].”
The State of Louisiana has just passed new legislation BANNING cash transactions for used goods, mandating that any purchase be made via check, electronic transfers, or money order issued to the seller.
The draconian new law also requires all transactions to provide the State documentation of a description of the goods sold, and the client’s personal information including name, address, driver’s license number and the license plate number!
…a falling interest-rate structure has a deleterious effect on accumulated capital. Capital is destroyed across the board simultaneously and stealthily. By the time the damage is discovered, it is too late to do anything about it and firms go bankrupt in droves. The falling trend of interest rates is the unrecognized cause of the depression that is presently devastating the world economy.
The interior minister, Bernard Cazeneuve, said France had already increased its anti-hacking measures to protect against cyber-attacks following January’s gun attacks on the satirical weekly Charlie Hebdo and the bloody hostage-taking at a Kosher grocery store in Paris, which left 17 people dead.
The prime minister, Manuel Valls, called the attack on TV5Monde “an unacceptable insult to freedom of information and expression”.
Now water is becoming more scarce as a resource, water management companies see their chance for profitable water provision, but criticism remains fierce.
Gold & Silver
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