TV News LIES

Tuesday, Feb 09th

Last update05:20:13 AM GMT

You are here All News At a Glance Economic Glance

14 states raise minimum wage at the start of the new year

a4 state raise minimum wageWorkers in 14 states will see a boost in their paychecks going forward with laws that went into effect on January 1.

The largest of the raises will take place in Alaska, California, Massachusetts and Nebraska -- each nudging the minimum wage by $1 an hour. New York's minimum wage will be raised from $8.75 to $9.00 across the board, but fast food workers will receive $10.50 in New York City and $9.75 in other parts of the state.

Read more...

Fed finally lifts key interest rate from near zero

Feds raise interest rateThe Federal Reserve is raising interest rates after seven years of record lows. But it’s signaling that further rate hikes will likely be made slowly as the economy strengthens further and muted inflation rises.

The Fed’s move to lift its key rate by a quarter-point to a range of 0.25 percent to 0.5 percent ends an extraordinary seven-year period of near-zero rates that began at the depths of the 2008 financial crisis. Consumers and businesses could now face modestly higher rates on some loans.

Read more...

Accounting industry and SEC defang America’s audit watchdog

auditing industryJames Schnurr, just two months into his job as chief accountant at the U.S. Securities and Exchange Commission, stood before a packed ballroom in Washington last December and upbraided a little-known regulator.

The Public Company Accounting Oversight Board, or PCAOB, oversees the big firms that sign off on the books of America’s listed companies. And the board was “moving too slowly,” Schnurr said, to address auditing failures that in recent years had shaken public confidence in those firms.

Read more...

Federal Reserve ends 'too big to fail' lending policy

YellenThe Federal Reserve Board approved a rule Monday prohibiting the government from extending emergency loans to "too big to fail" companies.

The practice of intervening with loans was essential during the global financial crisis of 2008 and 2009, but was formally abandoned Monday to keep within the confines of the Dodd-Frank Act, passed in 2010.

Read more...

Another big corporation is flagrantly dodging tax. This must be outlawed

Another corporation evades taxesNo invention of modern capitalism so enrages the public as does the tax haven. When giant corporations and very rich people choose not to pay their taxes, and government turns a blind eye, faith in the state crumbles.

The decision of the American drugs giant, Pfizer, to merge with Dublin-based Allergan, thereby “relocating” its headquarters to Ireland is not because some wizard potion has been discovered in the hills of Connemara. It is to dodge tax. The same has applied to Starbucks, Amazon, Google and countless other global companies.

Read more...

Inside the Money Laundering Scheme That Citi Overlooked for Years

Citi money laundering schemeWhen Antonio Peña Arguelles opened an account in 2005 at Citigroup’s Banamex USA, the know-your-customer documents said he had a small business breeding cattle and white-tailed deer, ranch-raised for their stately antlers. About $50 a month would come into the account, according to the documents.

A week later, Peña Arguelles wired in $7.09 million from an account in Mexico, allegedly drug money from Los Zetas, a violent cartel founded by former Mexican soldiers, documents in his money-laundering case in Texas say. In all, Peña Arguelles shuttled $59.4 million through the account, according to a confidential report by banking regulators that berated Banamex USA in 2013 for its failure to comply with anti-money-laundering rules.

Read more...

NY's Gov. Andrew Cuomo raising minimum wage for state employees

NY Gov. CuomoNew York Gov. Andrew Cuomo on Tuesday announced plans to give all state workers a minimum wage of $15 an hour, making New York the first state in the nation to set pay for its public-sector employees that high.

Mr. Cuomo, a Democrat now in his second term, used an executive order to make the change, bypassing a potentially fraught battle in Albany with Republican lawmakers.

Read more...

Page 2 of 65

 
America's # 1 Enemy
Tee Shirt
& Help Support TvNewsLIES.org!
TVNL Tee Shirt
 
TVNL TOTE BAG
Conserve our Planet
& Help Support TvNewsLIES.org!
 
Get your 9/11 & Media
Deception Dollars
& Help Support TvNewsLIES.org!
 
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!