Silicon Valley Bank (SVB) failed on Friday, March 10, 2023. Government officials scrambled to reassure the public their deposits aren’t in danger. Are they? At the larger banks, at least, probably not. To begin with, the FDIC insures individual depositors against up to $250,000 of losses. This[...]
Posts Tagged ‘Government Regulation’
November 16th, 2022 - 12:48 pm § in Business, Republicans
It’s time to regulate airlines
Lawless capitalism doesn’t work. It just doesn’t. In announcing his 2024 run, bounced-out-of-office ex-president Trump bragged about cutting business regulations during his wild ride in the White House. To anyone who listens, he was giving them another reason not to vote for them. Practi[...]
July 25th, 2022 - 12:37 pm § in Business, Law and Courts
Feds sue chicken industry on behalf of farmers and plant workers
The farmers who raise chickens and the workers who process them are among America’s poorest workers. They’re kept poor by the greedy companies that buy chickens, pluck and package them, and sell them to grocers. These companies, government trustbusters allege, illegally conspired togethe[...]
Radical Republicans: GOP Senator opposes hand washing regulations
The free market, not government regulation, should compel food service employees wash their hands after using the bathroom. So says newly-elected U.S. Senator Thom Tillis (R-NC), who explained, “I don’t have any problem with Starbucks if they choose to opt out of this policy as long as t[...]