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...usually draw their authority directly from Congress, and may be financed by the industry they cover.) "FINRA's been tougher than its predecessors, but it still tends to focus more on outlying and smaller firms; it's been more deferential to the bigger players. At SEC, she has to clean house and needs truly aggressive prosecutors." (See who's to blame for the current financial crisis...
...chill that came with this program may have turned to a deep freeze in regard to Madoff. The same year the pre-authorization policy was enacted, SEC examiners gave Madoff's organization, after registering as an investment adviser, a clean bill of health. Just months earlier hedge fund whistle-blower Harry Markopoulos had given SEC enforcement officials 29 red flags about Madoff's $50 billion fund, presciently calling it the world's biggest Ponzi scheme. Nobody cared. (See pictures of the demise of Bernard Madoff...
...fuel economy standard of 36 m.p.g. That would have been a significantly tougher standard than the federal rules (the 2007 Energy Act did require corporate average fuel economy [CAFE] to approach that figure, but not until 2020). California requested a waiver for its own tough standards - under the Clean Air Act, the state has the right to ask to set tougher environmental rules than the Federal Government - but in an unprecedented move in December 2007, Stephen Johnson, the Bush-appointed head of the EPA, denied California's request. (Read "Obama Cleans Up After Bush...
...Resources Board has found that, as gas bills fall with cleaner cars, the average low-income household could save about $300 a year under the state's regulations. "Allowing California and other states to aggressively reduce their own harmful vehicle tailpipe emissions would be a historic win for clean air and for millions of Americans who want more fuel-efficient, environmentally friendly cars," said California Governor Arnold Schwarzenegger today in response to Obama's announcement. (See pictures of the world's most polluted places...
...always been that the faith community wants to ram its agenda down people's throats or that we're just interested in our own issues, like religious liberty. What if we were looked to instead as a vital resource for overcoming poverty or converting the nation to a clean energy economy? Who knows the factions and conflicts overseas better than organizations like World Vision and Catholic Charities? Why not use us as a resource...