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Senators Probe Role Of Asset Giants In Warrior Met Coal Strike

Senators Probe Role Of Asset Giants In Warrior Met Coal Strike

by Zachary Miller | Feb 17, 2022 | Business, Featured, Topics

WASHINGTON — A nearly year long coal miner strike in Alabama drew attention to a handful of the largest private equity and asset management companies in the world at a Senate hearing Thursday. “Just three Wall Street firms, BlackRock, Vanguard and State Street manage...
House Budget Committee Democrats Urge Abolition of Debt Limit

House Budget Committee Democrats Urge Abolition of Debt Limit

by Zachary Miller | Feb 16, 2022 | Business, Featured

WASHINGTON – The federal debt ceiling has caused headaches for decades. Now, House Democrats are considering the value of doing away with it altogether. “The debt ceiling has become a political weapon used to extract concessions, or more recently, simply score...
CFTC Asks Lawmakers To Ramp Up Crypto Regulation

CFTC Asks Lawmakers To Ramp Up Crypto Regulation

by Zachary Miller | Feb 9, 2022 | Business, Featured

WASHINGTON — Cryptocurrencies shed more than $1 trillion in global value since November, and the space is overrun with scams. Wednesday, the regulatory agency tasked with overseeing digital assets told senators they lacked the information, resources and mandate to...
Senators Examine “Texas Two-Step” Bankruptcy Abuses

Senators Examine “Texas Two-Step” Bankruptcy Abuses

by Zachary Miller | Feb 8, 2022 | Business, Featured, Topics

WASHINGTON — March 2023. That’s when Kimberly Ann Naranjo told senators she was expected to die of mesothelioma. “It all happened so fast,” Naranjo, a mother of seven, told the Senate Judiciary subcommittee Tuesday. “One week I was enjoying my forever home, surrounded...
Lawmakers: “Ridiculous” 5G Rollout Scramble Was Preventable

Lawmakers: “Ridiculous” 5G Rollout Scramble Was Preventable

by Zachary Miller | Feb 3, 2022 | Business, Energy, Featured

WASHINGTON — The rollout of new ultra-fast fifth generation (5G) cellular networks was supposed to revolutionize internet access and cement the U.S.’s technological position against a rising China. Now, lawmakers are trying to figure out how it went so wrong. “We...
Expanding financial technology access a solution to racial wealth gap

Expanding financial technology access a solution to racial wealth gap

by Ellisya Lindsey | Feb 2, 2022 | Business, Featured

WASHINGTON — The right technology could aid in mitigating the racial gap in financial health and wealth by making these services more accessible to underbanked communities, panelists shared in a webinar on Wednesday. “What fintech really does is it enables community...
Congress Confronts Self-Driving Safety Standards, Job Loss

Congress Confronts Self-Driving Safety Standards, Job Loss

by Zachary Miller and Julia Richardson | Feb 2, 2022 | Business, Featured

WASHINGTON – Automated Vehicles (AVs) are poised to overhaul supply chains and taxi networks, and potentially displace hundreds of thousands of workers. But Congress has yet to give concrete guidance on how regulators should react. “It shouldn’t be done state by...
FTC to Congress: COVID-Related Fraud, Price Gouging “Skyrocketing”

FTC to Congress: COVID-Related Fraud, Price Gouging “Skyrocketing”

by Zachary Miller | Feb 1, 2022 | Business, Featured, Topics

WASHINGTON – Elderberries claiming to boost immune response. Empty storefronts posing as testing clinics. Contact tracing calls that are actually from identity fraudsters. Bootleg hand sanitizer from Mexico, fake KN95 masks from China and $60 rapid tests from...
HRC: Corporate Support for LGBTQ+ Workplace Equality Continues to Rise

HRC: Corporate Support for LGBTQ+ Workplace Equality Continues to Rise

by Ellisya Lindsey | Jan 27, 2022 | Business, Featured

WASHINGTON — A record-number of corporations participated in the Human Rights Campaign’s 20th annual workplace equality survey, the organization announced on Thursday.  “We are never going to reach a destination but will always be on a path of continuously improving...
Lawmakers Weigh Blockchain Promise Against Energy Use

Lawmakers Weigh Blockchain Promise Against Energy Use

by Zachary Miller | Jan 20, 2022 | Business, Featured

WASHINGTON — Although the largest blockchain products have drawn investment toward renewable power sources, their energy footprint is massive — and growing — according to new data that lawmakers grappled with at a Thursday hearing. “According to one estimate, 2021...
Facebook whistleblower urges Congress to hold Big Tech accountable

Facebook whistleblower urges Congress to hold Big Tech accountable

by Ali McCadden | Dec 3, 2021 | Business

WASHINGTON — Facebook whistleblower Frances Haugen testified before Congress for the second time on Wednesday, warning lawmakers that getting caught up in partisan battles over legislation to hold digital platforms accountable for causing harm to users is just what...
Black LGBTQ+ leaders call for elimination of economic barriers

Black LGBTQ+ leaders call for elimination of economic barriers

by Ali McCadden | Nov 11, 2021 | Business

WASHINGTON — Black members of the LGBTQ+ community Tuesday asked members of Congress to pass civil rights legislation and create greater visibility for LGBTQ+ people of color, saying they face greater barriers in banking, buying a home and other financial transactions...
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