regulation

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Fannie/Freddie Troubles Signal Sea Change in Gov't Role

Feds now effectively the only lender in town

(Newser) - The teetering of Fannie Mae and Freddie Mac has underscored a major shift in US finance, writes Peter S. Goodman in the New York Times—once simply another guarantor, the government has effectively become the only lender in town "for millions of Americans engaged in the largest transactions of...

Feds Plan to Allow Foreign Accounting Rules

Critics slam 'outsourcing' of financial protections

(Newser) - Federal officials are proposing to loosen accounting regulations, allowing American companies to shift to international standards that offer more latitude in reporting earnings, the New York Times reports. The move would make businesses more competitive, the administration argues, but it would also effectively exempt them from the investor-protection measures instigated...

Ex-CEO Revives Dreaded 'R' Word for Airlines
Ex-CEO Revives Dreaded 'R' Word for Airlines
ANALYSIS
Jun 14, 2008 2:35 PM CDT

Ex-CEO Revives Dreaded 'R' Word for Airlines

Re-regulation is only way, Bob Crandall says

(Newser) - The man who brought frequent-flyer and hub-and-spoke to airlines has a plan to fix the industry—with the dreaded "R" word as its centerpiece, Wired reports. Yes, former American CEO Bob Crandall wants the government to re-regulate: "It's time to acknowledge that airlines are more like utilities than...

Yahoo and Google: It's All Up to Yang
Yahoo and Google: It's All Up to Yang
analysis
Jun 13, 2008 10:08 AM CDT

Yahoo and Google: It's All Up to Yang

CEO must pave way for struggling company as investors look on

(Newser) - As Yahoo and Google prepare for a new search-ad deal, it’s all up to CEO Jerry Yang, writes Charles Cooper for CNET. Will Yang be the next Steve Jobs, pulling a struggling company back to the spotlight—or will he fade like his Yahoo predecessors? The afreement "may...

Heparin Victims Testify on Hill
 Heparin Victims Testify on Hill 
Apr 29, 2008 4:30 PM CDT

Heparin Victims Testify on Hill

Man outraged that drug was approved for sale

(Newser) - Relatives of some of the 81 Americans whose deaths have been linked to tainted heparin told a Congressional subcommittee about their experiences today, Reuters reports. An Ohio man wept as he told lawmakers his wife and son, who had a genetic kidney disease, died within a month after being given...

Market 'Fix' Just Feeds the Beast
 Market 'Fix' Just
 Feeds the Beast 
OPINION
Mar 31, 2008 5:08 PM CDT

Market 'Fix' Just Feeds the Beast

Bush denies need for regulations, Krugman writes in NYT

(Newser) - The Treasury plan unveiled today will never rein in free-wheeling markets because it isn't intended to, Paul Krugman writes in the New York Times. President Bush, who for 7 years has slashed at regulations, ignores how well they harness deposit-taking banks. And he denies that "non-depository" banks like Bear...

Paulson Unveils Regulatory Reforms: No Quick Fix

Focus of plan including new oversight for Fed extends beyond current woes

(Newser) - The "transformative" changes Henry Paulson has in mind for the regulation of the US economy will take years to implement, the Treasury Secretary said today. The plan would greatly increase the Fed's oversight powers, regulate the insurance industry for the first time, and add federal oversight of the mortgage...

Appeals Court Strikes Down NY's Passenger 'Bill of Rights'

Federal deregulation law takes precedence

(Newser) - A New York law, known as the airline “passenger bill of rights,” was rejected today by a US appeals court, Bloomberg reports. The measure required airlines to provide food and water when their delayed plane has sat on the tarmac for more than three hours. The court said...

'Regulation' No Longer a Dirty Word in DC

Wall St. woes, toy and food scares have pols of all stripes on board

(Newser) - "Regulation" is becoming less of a dirty word in Washington in the wake of the mortgage meltdown, woes on Wall Street, and scares over tainted food and toys. Many Democrats and even some Republicans want a shift from voluntary industry standards in vogue since the Reagan administration. "We're...

Lawmakers Gird for Battle Over Wall Street Reforms

Dems, GOP split over regulation

(Newser) - Lawmakers are debating how to regulate and oversee financial institutions to prevent another Bear Stearns near-catastrophe. But exactly what that solution should look like depends on who's doing the proposing. President Bush and Wall Street say that Washington's heavy hand could hamstring the industry’s ability to innovate, reports the...

Standardization Stifling Change: Web Designers

W3C brokered 'browser wars' but now seen as roadblock to change

(Newser) - The World Wide Web Consortium (W3C) has been the Web's governing body since the "Wild West" days of the mid-90s. It helped end the Netscape/Explorer "browser wars", but  Web designers today are worried that the body's standards management process has slowed the pace of change down to dial-up...

FCC Chief Backs Down on Cable Plans
FCC Chief Backs Down
on Cable Plans
Nov 28, 2007 12:41 AM CST

FCC Chief Backs Down on Cable Plans

Martin's data slammed; vote on more regulation delayed until next year

(Newser) - FCC boss Kevin Martin has lost a big battle in his attempt to tighten up regulation of cable TV, reports the New York Times. After strenuous efforts by cable lobbyists leading up to a heated meeting last night, Martin agreed to push back until next year a vote on expanding...

FCC Chief May Not Have Votes to Curb Cable

Martin is struggling for majority of 5-member commission

(Newser) - FCC chief Kevin Martin may not have the votes he needs to initiate regulation of the cable industry, reports the New York Times. Martin has scheduled a vote for tomorrow to approve a formal finding that the cable industry has grown too big, which would give the commission power to...

House GOP Group Slams FCC on Cable
House GOP Group Slams FCC on Cable
Nov 20, 2007 1:18 AM CST

House GOP Group Slams FCC on Cable

'Too much regulation' of industry, say Kevin Martin's fellow Republicans

(Newser) - Republican lawmakers have attacked FCC chairman Kevin Martin's plans to step up regulation of the cable industry, the Wall Street Journal reports. All but two of the 26 Republicans on the House Commerce Committee have signed a letter calling the plans "misguided and harmful." The FCC boss has...

FCC to Strike Down Exclusive Cable Deals

Likely to cut prices; Verizon, AT&T set to offer multi-services

(Newser) - The Federal Communications Commission is set to strike down thousands of exclusive contracts between cable companies and apartment buildings this week, a move officials say will drive down prices as it increases competition. Consumer groups have lobbied hard for the change as have companies such as Verizon and AT&T...

Credit Crisis Spurs Calls for New Oversight

EU, Asia want cooperation in US market regulation

(Newser) - Financial regulators and politicians across Europe and Asia are banding together to demand an international role in the oversight of American markets. The subprime meltdown has demonstrated that fluctuations in American markets can wreak havoc the world over, the Times reports, and now international players are wondering why they must...

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