U.S. District Judge Jed Rakoff, one of the New York judges emerging as heroes of the financial crisis, today overturned a contentious settlement the SEC made with Bank of America last month, in which the bank agreed to pay $33 million to the government agency to settle charges that it had lied about bonuses paid to Merrill Lynch executives after acquiring the firm last year without confirming or denying said charges. Actually, Rakoff didn’t just overturn it. He straight up smacked that bitch upside the head. … [Read more...] about Judge Smacks Down Bank of America’s Settlement With the SEC, Wilde-Style
America
Trump’s stunning split with America’s military leaders
Trump has rarely if ever mentioned these many hundreds of deaths by allied troops who died defending American interests. Instead he has repeatedly and publicly berated many NATO allies for not meeting a commitment that they will each spend at least 2% of their own GDP on defense spending by 2024. Trump falsely presents those NATO allies who haven't met that target as yet, like Germany, as "owing" the US hundreds of billions of dollars. … [Read more...] about Trump’s stunning split with America’s military leaders
AP Analysis: In Trump’s America, truths are not self-evident
Trump calculates that urban unrest and violence will benefit him politically. “The more chaos and anarchy and vandalism and violence reigns, the better it is for the very clear choice on who’s best on public safety and law and order,” said Trump adviser Kellyanne Conway. … [Read more...] about AP Analysis: In Trump’s America, truths are not self-evident
America’s liquefied natural gas boom may be on a collision course with climate change
Tellingly, billionaire Michael Bloomberg has expanded his own fight against climate change to include natural gas. Last month, Bloomberg launched Beyond Carbon, a $500 million investment aimed at not only accelerating coal plant retirements but "working to prevent new construction of gas plants." … [Read more...] about America’s liquefied natural gas boom may be on a collision course with climate change
America’s 9/11 remembrance altered by staggering pandemic loss
"On that day, more than 400 first responders gave their lives -- including 23 New York City police officers, 37 Port Authority workers, and 343 New York City firefighters," Trump said. "Today, we honor their extraordinary sacrifice, and every first responder who keeps America safe." … [Read more...] about America’s 9/11 remembrance altered by staggering pandemic loss
