Sen. Maria CantwellMaria Elaine CantwellTrump nominee for Consumer Product Safety Commission involved in CDC guidance shelving: AP Senate votes to reauthorize intel programs with added legal protections We can't afford to let local news die MORE (Wash.), the ranking member of the Senate Commerce Committee, said she’s not a fan of what McConnell has proposed out of the gate but that she’s willing to keep an open mind. … [Read more...] about Democratic unity starts to crack in coronavirus liability reform fight
Separately, the U.K. has pushed back the rollout of its coronavirus-tracing mobile phone application, in a potential setback for its bid to ease the lockdown. While Health Secretary Matt Hancock said last week that the app would be ready in mid-May, it is now planned to be released nationally within “weeks,” Prime Minister Boris Johnson’s spokesman James Slack told reporters on Monday. … [Read more...] about U.S. Deaths Surpass 90,000; Early Vaccine Promise: Virus Update
In fact, the leaders of a public institution that holds itself out as apolitical make political choices all the time: They just cloak them in neutral, market-friendly language. Pontificating about inequality without using the full force of the tools that they have to fight this problem is a choice. Waving through every single bank merger over the last 17 years is a choice. Adhering to the beltway consensus about deficit scolding is a choice. Not attaching any restrictions on corporate lending facilities to protect workers or rein in executive pay, and making them available to private equity firms and commercial real estate vehicles, are choices. Failing to join other central banks in a joint effort to combat the risks of climate change, failing to reform unstable money markets and letting banks pay out billions in dividends to shareholders instead of ensuring those funds are lent to businesses and real … [Read more...] about Rethinking the Fed
This photo combo shows from left, Lisa Su, president and CEO of AMD, David M. Zaslav, President and Chief Executive Officer of Discovery Communications, General Motors Chairman and Chief Executive Officer Mary Barra, Walt Disney Company Chairman and CEO Robert A. Iger and Netflix Founder and CEO Reed Hastings. The typical pay package for CEOs at the biggest U.S. companies topped $12.3 million in 2019, and the gap between the boss and their workforces widened further, according to AP’s annual survey of executive compensation. less … [Read more...] about CEO pay has topped $12.3M. Can it keep rising post-pandemic?
Oil prices have dropped since the beginning of this year due to the coronavirus pandemic and international disputes. On Wednesday afternoon, U.S. crude oil was trading at about $33 per barrel, though prices in April dropped to as low as negative $40 a barrel. … [Read more...] about Oil lobby says low prices still hurting industry