Archive for the ‘transperancy’ tag
Daily equity news
“Dirt-poor farmer: Living off the land in Oakland, and watching every dollar,” - San Francisco Chronicle
”New Rail Lines Spur Urban Revival,” - The New York Times
“Obama Blueprint Deepens Federal Role in Markets,” - Washington Post
Updates on this week’s equity news.
”After the Great Recession ,” - The New York Times
Are there tangible ways that Wall Street has made the average person’s life better in the way that Silicon Valley has?
THE PRESIDENT: Well, I think that some of the democratization of finance is actually beneficial if properly regulated. So the fact that large numbers of people could participate in the equity markets in ways that they could not previously — and for much lower costs than they used to be able to participate — I think is important.
Now, the fact that we had such poor regulation means — in some of these markets, particularly around the securitized mortgages — means that the pain has been democratized as well. And that’s a problem. But I think that overall there are ways in which people have been able to participate in our stock markets and our financial markets that are potentially healthy. Again, what you have to have, though, is an updating of the regulatory regimes comparable to what we did in the 1930s, when there were rules that were put in place that gave investors a little more assurance that they knew what they were buying.
”Study: Metro Detroit poor face more health woes from bad air,” - The Detroit News
Detroit — Metro Detroit is among the nation’s worst regions in terms of the health risks faced by low-income residents who are forced to breathe bad air.
A study released today by researchers at the University of Massachusetts, Amherst, and the University of Southern California seeks to outline the areas of the United States where air pollution levels affect those demographic groups to a greater extent than their population would dictate.
“U.S. government awaits effects of stimulus bill,” - Reuters
WASHINGTON (Reuters) - In the past 10 weeks, the U.S. government has allocated billions of dollars for transportation projects under a plan to revive the languishing economy, but the effects of the historic effort may not be seen for months, the Transportation Secretary said on Wednesday.
Of the $48.1 billion the American Recovery and Reinvestment Act gave to the Department of Transportation to invest immediately, some $44.8 billion has already been made available to state and local agencies, said Transportation Secretary Ray LaHood.