WASHINGTON – Federal regulators have approved the “living will” plans for the nation’s eight largest and most complex banks. Continue Reading Below The decision by the Federal Reserve and the Federal Deposit Insurance Corp. was in contrast to actions taken in April 2016 when the two agencies said that plans […]
FAN Editor
Analysis: GOP’s tea party promises dashed in tax cut embrace
WASHINGTON – The tea party class of 2010 vowed to usher in a new era for the Republican Party, one where conservatives clamoring for fiscal discipline would roll back government spending to rein in trillion-plus budget deficits. Continue Reading Below Not anymore. Republicans are returning to their Ronald Reagan-era roots […]
Why tech that could have prevented derailment isn’t on all railroads
Technology exists that could have prevented the deadly train derailment in DuPont, Washington, Monday. Amtrak and all big passenger railroads were supposed to have it in place two years ago, but that didn’t happen. So when Amtrak 501 came into a curving stretch of track at nearly triple the posted […]
Bitcoin plunges $1,000 in less than an hour
Bitcoin plunged more than $1,000 in less than an hour Tuesday. The digital currency fell from $17,929 to a low of $16,912 between 3:30 and 4:30 p.m. ET, according to Coinbase, the leading U.S. platform for buying and selling major cryptocurrencies. Bitcoin had traded near $19,800 on Sunday. The slump […]
Why Michael Slager’s conviction may not change cases of shootings by police
The conviction earlier this month of ex-police officer Michael Slager, who was sentenced to a 20 year in prison for the murder of Walter Scott, marks a rare instance where a police officer has been found guilty of murder for the shooting of an unarmed civilian. Despite the conviction in […]
States urge Trump administration to adopt new airline baggage fee rules
FILE PHOTO: Baggage and a laptop are scanned using the Transport Security Administration’s new Automated Screening Lane technology at Terminal 4 of JFK airport in New York City, U.S., May 17, 2017. REUTERS/Joe Penney/File Photo December 19, 2017 By David Shepardson WASHINGTON (Reuters) – A group of 16 state attorneys […]
Given 2nd chance, former prison chef opens new eatery
JERSEY CITY, N.J. – A former New Jersey prison chef is making the most out of a second chance. Continue Reading Below Candido Ortiz was serving a 49-year federal sentence for drug-related crimes when he was released last December through an executive order by President Barack Obama along with other […]
Greek lawmakers approve 2018 budget, government says last under bailout
Greek Prime Minister Alexis Tsipras addresses lawmakers during a parliamentary session before a budget vote in Athens, Greece December 19, 2017. REUTERS/Costas Baltas December 19, 2017 By Lefteris Papadimas ATHENS (Reuters) – Greek lawmakers on Tuesday approved by majority the country’s 2018 budget, which the government said would be the […]
Shutdown starts for coal-fired plant serving US southwest
ALBUQUERQUE, N.M. – The first of two units to be shut down at a coal-fired power plant that has been serving customers throughout the American Southwest for decades is no longer in operation, officials with New Mexico’s largest utility said Tuesday. Continue Reading Below Unit 3 at the San Juan […]
Wall Street lower as traders see past tax revamp
Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., December 14, 2017. REUTERS/Brendan McDermid December 19, 2017 NEW YORK (Reuters) – U.S. stocks fell on Tuesday as excitement over the likelihood of a tax code revamp was more than offset by concern over […]