OSHA was created to help guard against garden variety risks such as injury from falls. It has struggled to deal wit… https://t.co/GtIRj5k3HV— 1 day 4 hours ago via@theofrancis
RT @WSJPodcasts: Listen 🎧: Investors and the public are pushing companies to make good on promises to prioritize diversity in hiring… https://t.co/ZKaIMEUO8W— 4 days 4 hours ago via@theofrancis
How diverse are big U.S. companies? More are saying, thanks to market pressure: 26% of GE's leaders are women; 38%… https://t.co/Mp4j0nHbal— 4 days 9 hours ago via@theofrancis
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By Friday evening, the heads of the world's 20 biggest economies -- from the US to South Africa, encompassing 85 percent of global economic activity -- will have dined, met, lunched, met again, and made their pronouncements.
If history is any judge, there may not be much in the way of immediate or lasting results.
Regulators, investors, and policymakers are breathing a sigh of relief about the banks. Profits are up. Bank share prices are surging. And on June 9 Uncle Sam gave 10 banks the go-ahead to pay back $70 billion in bailout funds. "These are early signs of repair and improvement," Treasury Secretary Timothy F. Geithner said in a press briefing.
World leaders are talking bravely about fixing the global financial system. As the Group of Twenty heads toward an important summit in Pittsburgh on Sept. 24-25, they are vowing to bang out a regulatory structure that will keep rich, careless bankers from once again driving their firms to ruin and then getting bailed out by taxpayers.
The Federal Deposit Insurance Corp. isn't the only beneficiary of a plan to refill its coffers. The proposal, which the banking regulator announced on Sept. 29, also offers an intriguing way for financial firms to boost their capital and raise their profits.
Call it pay day in Washington: The Federal Reserve and Treasury made a splash by unveiling sweeping compensation rules, mostly for executives at banks and other financial companies.