Market Culture

Details of new US bank capital rules still uncertain with election looming – Reuters

Details of new US bank capital rules still uncertain with election looming – Reuters

pgnewser September 13, 2024

Details of new US bank capital rules still uncertain with election looming – Reuters
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WASHINGTON, Sept 11 (Reuters) – U.S. bank investors, analysts and executives were trying to figure out on Wednesday how lenders would fare under revised hikes in capital requirements, with considerable uncertainty over what specifics will emerge from the Federal Reserve and other regulators, and the presidential election a looming wild card.

The Fed’s regulatory chief Michael Barr on Tuesday outlined a plan to raise big bank capital by 9%, easing an earlier proposal to hike capital 19%. It was a major concession to Wall Street banks that had lobbied to water down the “Basel” draft.

 

Boeing Workers Vote to Strike After Rejecting Pay Deal – Republic World

Boeing Workers Vote to Strike After Rejecting Pay Deal – Republic World

pgnewser September 13, 2024

Boeing Workers Vote to Strike After Rejecting Pay Deal – Republic World
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Excerpt:

Boeing workers have voted to go on strike after the members of the aircraft maker’s largest union overwhelmingly rejected a contract offer on Thursday. The vote by machinists, who construct Boeing’s 737, 777, and 767 jets, comes as their current contract is set to expire at midnight Friday local time.

The strike vote is significant because it affects a substantial portion of Boeing’s workforce in the Seattle area, totaling 33,000 machinists. This action could impact the company’s efforts to ramp up production and improve its reputation, which has suffered recently due to quality and safety issues.

Republicans push for clean stopgap as leaders regroup on shutdown plan – The Hill

Republicans push for clean stopgap as leaders regroup on shutdown plan – The Hill

pgnewser September 13, 2024

Republicans push for clean stopgap as leaders regroup on shutdown plan – The Hill
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Excerpt:

A growing number of House Republicans say they know how the current government funding drama ends: with a clean continuing resolution (CR) that kicks the shutdown deadline to after Election Day.

The question is how Congress arrives at that conclusion.

Speaker Mike Johnson (R-La.) scrapped plans for the House to vote on his conservative funding bill Wednesday when it became clear it didn’t have the GOP votes to pass, catapulting the conference back to square one with less than a month until the shutdown deadline.

Some Republicans are pushing Johnson to make another attempt at clearing a conservative funding bill, arguing that a successful effort could help strengthen the party’s hand in forthcoming bipartisan negotiations.

Muddying the waters, former President Trump is urging Republicans to vote against any short-term funding bill that does not secure “absolute assurances on Election Security.”

Johnson pulls stopgap spending bill – Axios

Johnson pulls stopgap spending bill – Axios

pgnewser September 13, 2024

Johnson pulls stopgap spending bill – Axios
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Speaker Mike Johnson (R-La.) ditched a planned vote Wednesday on his six-month stopgap funding bill that included a crackdown on non-citizen voting.

Why it matters: It’s the latest setback for Johnson, who was facing opposition from fellow Republicans as well nearly all Democrats and raises pressure on GOP leaders to find an alternative path for avoiding a shutdown in less than three weeks.

  • “No vote today because we’re in the consensus-building business,” Johnson told reporters Wednesday.
  • That likely puts off a House vote on a stopgap bill until next week at the earliest.
  • At least eight GOP lawmakers publicly came out against the bill, despite pressure from former President Trump to back it, leaving Johnson short of the votes he would need to pass it out of the chamber.
​Disney Consumer Products helps Chinese partners to ‘go global’

​Disney Consumer Products helps Chinese partners to ‘go global’

pgnewser September 13, 2024

​Disney Consumer Products helps Chinese partners to ‘go global’ – China.org
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A Disney executive shared with China.org.cn that his cross-border strategy, introduced last year, has prompted many of Disney’s Chinese partner brands to successfully sell their products in overseas markets. In addition to aiding Chinese partners abroad, the global media and entertainment conglomerate is also optimistic about future growth with its own business in consumer products.

Kermid Rahman, senior vice president and general manager for Disney Consumer Products in Asia Pacific, stated that since he initiated the cross-border strategy last year nearly 70 licensees in the region have collaborated with Disney to start cross-border business.

“Many Chinese brands have successfully entered the Japanese, South Korean and Southeast Asian markets, and have already achieved brilliant performance,” he said at The Walt Disney Company’s Greater China Consumer Products Showcase 2025 held in Shanghai on Sept. 10. The temporary exhibition and showcase conference saw more than 3,700 representatives from various partner brands in attendance.

Congressional Democrats push resolution that says hospitals must provide emergency abortions – Beaumont Enterprise

Congressional Democrats push resolution that says hospitals must provide emergency abortions – Beaumont Enterprise

pgnewser September 13, 2024

Congressional Democrats push resolution that says hospitals must provide emergency abortions – Beaumont Enterprise
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Congressional Democrats push resolution that says hospitals must provide emergency abortions  Beaumont Enterprise

Trump wouldn’t say whether he’d veto a national ban even as abortion remains a top election issue – Las Vegas Sun

Trump wouldn’t say whether he’d veto a national ban even as abortion remains a top election issue – Las Vegas Sun

pgnewser September 13, 2024

Trump wouldn’t say whether he’d veto a national ban even as abortion remains a top election issue – Las Vegas Sun
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Excerpt:

Former President Donald Trump repeatedly declined to say during this week’s debate if he would veto a national abortion ban if he were elected again — a question that has lingered as the Republican nominee has shifted his stances on the crucial election issue.

In Tuesday’s debate with Vice President Kamala Harris, Trump said he would not sign a federal abortion ban, insisting that a ban would not pass Congress anyway. But he refused twice to say if he would veto such legislation if it landed on his desk. Trump’s running mate, Sen. JD Vance, a Republican from Ohio, said in an interview with NBC News last month that the former president would veto a ban.

In response to moderators prompting him about Vance’s statement, Trump said: “I didn’t discuss it with JD, in all fairness. And I don’t mind if he has a certain view, but I don’t think he was speaking for me.”

If You Drop DEI, We’ll Drop You, Say Supermajority of Rainbow Community

If You Drop DEI, We’ll Drop You, Say Supermajority of Rainbow Community

pgnewser September 10, 2024

The LGBTQ community is ready to boycott companies that drop DEI (Diversity, Equity, Inclusion) standards according to a report from Human Rights Campaign (HRC), a militant extortionist organization that threatens companies with corporate-supported social ostracism if it doesn’t change its culture to be “gay affirming.”

HRC claims 80 percent of members of the rainbow community, or the LGBTQ community, would boycott any company that chose to stop using the anti-American, bigoted, racist standard of DEI. The support from the rainbow community at such a high level puts them at odds with the American republic itself.

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Excerpt from news.google.com

… But new data from HRC signals that this surge in anti-DEI activity at corporations is already impacting how queer workers perceive brands and employers. In a survey of almost 2,500 respondents—all of whom identified as LGBTQ+—about 80% said they would boycott a company that had rolled back its DEI policies.

Nearly 20% of respondents said that if they worked at a company that made such a decision, they would quit or look for a new job, while a third of those surveyed said their productivity would take a hit. Many others—more than 72% of respondents—said it would impact their experience at work and make them feel less accepted.