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Wall Street

Dennis Ross: Giving community banks, credit unions Financial CHOICE

in 2017/Statewide/Top Headlines by

This week, the House of Representatives will consider an important financial reform package, known as the Financial CHOICE Act, which provides desperately needed relief to community financial institutions from the harmful, complex and excessive regulatory environment created by the Dodd-Frank Act. The Dodd-Frank Act, signed into law by President Obama in July 2010, was more than 2,000 pages long and directed federal regulators to implement more than 400 new rules and regulations to reform our financial system. When the Dodd-Frank…

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Dear Congress: On Jan. 21, the people roared — and they will vote

in 2017/Top Headlines by

A letter to my Senators and Representative. Crib freely if you wish. Dear Senator Burr: It would seem that we are living in an alternative universe, one in which Nazis, Ku Kluxers and other traitors to our American way of life are euphemized as the “alternative right” and the propagandists for Donald Trump claim entitlement to “alternative facts.” Does that make him an “alternative president?” If only it were so. But about this I am serious: There is no “alternative…

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Mitch Perry Report for 9.16.16 — What will become of Edward Snowden?

in The Bay and the 'Burg/Top Headlines by

Oliver Stone’s “Snowden” arrives in theaters today, and with it comes a campaign to have the former NSA contractor receive a pardon from the commander in chief. At a press conference Wednesday, representatives from the ACLU, Human Rights Watch and Amnesty International spoke out in support of getting President Barack Obama to pardon Snowden. “Cases like Edward Snowden’s are precisely why the presidential pardon power exists,” said Anthony Romero, the ACLU’s executive director, who referred specifically to cases when mitigating circumstances…

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Tim Kaine promotes his lengthy government experience

in 2017/Top Headlines by

The Latest on the Democratic National Convention (all times EDT): 10:17 p.m. Tim Kaine is promoting his lengthy government experience in his first major speech as the Democratic vice presidential candidate. The Virginia senator – in a prime-time speech at the Democratic convention – is detailing his rise from a member of the Richmond City Council to the city’s mayor, to Virginia’s lieutenant governor to governor. Kaine says if he’s good at his work, it’s because he “started at the…

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Tim Kaine’s mission: Win over skeptical liberals in VP speech

in 2017/Top Headlines by

Facing a backlash from the left, Virginia Sen. Tim Kaine is expected to affirm his liberal credentials in his first prime-time speech as Hillary Clinton‘s running mate. Kaine was speaking Wednesday to the Democratic National Committee as supporters of Clinton’s one-time Democratic rival Bernie Sanders warned that Kaine had yet to forcefully oppose the Trans-Pacific Partnership trade deal. Kaine, a former Virginia governor, was introduced by Clinton last weekend in Miami, where he switched easily between English and Spanish and…

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Florida’s hurricane fund in best shape ever ahead of season

in Statewide/Top Headlines by

Florida’s continued lucky streak when it comes to dodging hurricane is helping a key state fund reach its best financial shape ever in the two decades it has been in place. The state-created fund known as the Florida Hurricane Catastrophe Fund should have $17.4 billion available for the Atlantic hurricane season that starts June 1. This marks the first time ever that the fund has more money than it would need to pay out if storms racked the state. The…

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Maybe Twitter needs to get used to being small

in Apolitical/Top Headlines by

Twitter gets lots of grief from investors because it hasn’t taken over the world the way Facebook did, at least in terms of amassing users. But maybe it’s destined to stay small, serving a vital, if limited, role for the public. Maybe Twitter just isn’t meant to be an all-encompassing social utility. Maybe stock price is not the only lens through which a company can be valued. Twitter, perhaps even in spite of its difficult interface and site-specific lingo, has…

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