by Ben Kamisar | Jan 18, 2012 | Business
WASHINGTON— Republicans and Democrats on the House Financial Services Committee sparred Wednesday over the effects of a key component of the Wall Street reform act that sets strict limits on commercial banks’ proprietary trading. The so-called Volcker Rule, which many...
by Shirley Li | Jan 18, 2012 | Business
WASHINGTON – A week after President Barack Obama encouraged insourcing jobs, Secretary of State Hillary Clinton honored American companies Wednesday morning for building business abroad. At the Award for Corporate Excellence ceremony, Clinton recognized manufacturing...
by Rachel Morello | Jan 18, 2012 | Business, Health & Science, Politics
WASHINGTON – Do you know where your computer’s information is stored? Increasingly, the answer is up in the air. Cloud technology is one of the latest developments to hit it big in the world of digital information. This service allows users to store and access...
by Shirley Li | Jan 17, 2012 | Business, Politics
WASHINGTON – Candidates in the 2012 presidential race rarely touched on the issue of poverty in America until Monday night’s Republican debate, just days before the South Carolina primary. “They’d be getting money, which is a good thing if you’re poor. Only the...
by Mattias Gugel | Jan 11, 2012 | Business
WASHINGTON — President Barack Obama, surrounded by business leaders who say they will bring jobs back to the United States from abroad, said Wednesday the nation is facing a “make-or-break” point for its middle class. The White House event, called “Insourcing American...
by Ed Demaria | Jan 11, 2012 | Business, Politics
Protesters with Occupy DC remain steadfast in the face of chilly temperatures at McPherson Square in downtown Washington. More than 40 tents remain in the park as the Occupy DC movement moves past its 100th day. Carol Johnson, a spokeswoman for the National Park...
by Safiya Merchant | Jan 11, 2012 | Business, Education
WASHINGTON — Advocates for Highway and Auto Safety released Wednesday a 2012 Roadmap to State Highway Safety Laws, grading each state in the country on implementation of 15 core traffic safety laws. The organization, whose members include companies like Allstate...
by Shirley Li | Jan 10, 2012 | Business
WASHINGTON – The Supreme Court Tuesday heard arguments from Fox and ABC that federal rules banning indecency on TV violate the First Amendment, although the government’s lawyer countered that the ban is needed to protect children. The case, Federal Communications...
by Chris Kirk | Jan 10, 2012 | Business, Environment
WASHINGTON — The Obama administration said Tuesday it is taking a diverse approach to energy development in Alaska where it is pushing for natural gas drilling, offshore oil drilling and alternative energy. Several cabinet agencies are cooperating with energy...
by Rachel Morello | Jan 9, 2012 | Business
(Shirley Li/Medill) WASHINGTON – Government and private spending on health care remained flat in 2010, with health insurance accounting for the largest single cost, according to a study released Monday by the Centers for Medicare and Medicaid Services. At their first...
by Mattias Gugel | Jan 9, 2012 | Business
WASHINGTON — A majority of Americans believe there aren’t any available jobs in manufacturing, according to a poll released Monday, but the president of a global manufacturing company said there are plenty of jobs, but they required specialized skills. Carlos...
by Ben Kamisar | Jan 6, 2012 | Business
WASHINGTON— A freshman lawmaker, angered by President Barack Obama’s recess appointment of Richard Cordray as head of the Consumer Financial Protection Bureau, is drafting a bill to strip funding for salaries of presidential appointments made during a Senate...
