What is the Basel III Endgame, and why are banks so upset about it? – The Seattle Times
An unlikely coalition of banks, community groups and racial justice advocates proposed in July to federal regulators to update rules governing how U.S. banks protect themselves from potential losses. We are asking them to reconsider their plans. Regulators will increase the amount of capital (cash-like assets) banks must hold to deal with emergencies to avoid […]
State offers affordable loans again to first-time homebuyers, with a catch – Los Angeles Times
Last spring, when the California Housing Finance Agency offered interest-free, no-monthly-payment loans to help low-income people come up with down payments and fees to buy their first homes, the entire nearly $300 million budget was wiped out. Ta.in just 11 days. Lawmakers then put an additional $225 million into the program during last year's state […]
Stocks Are in a Bull Market. What Does That Mean? – The New York Times
The S&P 500 index closed at an all-time high on Friday, surpassing its previous all-time high set in early 2022. The gains show investors have overcome fears of rising interest rates and panic over a recession that had dominated much of stock trading. For the past two years. Rather, they are now betting that lower […]
Far-left L.A. Times, Washington Post Lose Tens of Millions Annually
extreme left washington post and Los Angeles Times They lose tens of millions of dollars every year. Hey. After decades of spreading bigotry, lies, conspiracy theories, and political violence, the chickens are finally coming to roost in these terrifying publications. “This is a new report. Billionaire Patrick Soon-Shiong said he poured hundreds of millions of […]
OpenAI CEO Sam Altman shrugs off NY Times copyright lawsuit
OpenAI CEO Sam Altman insisted the company is not concerned about a copyright infringement lawsuit brought by the New York Times over its use of the paper's content to train AI models. On Thursday, at the World Economic Forum in Davos, Switzerland, Altman spoke out about a lawsuit filed by The Times alleging copyright infringement […]
‘Massive’ Layoffs Spur Friday Walkout at Far-left L.A. Times
Glorious blue-on-blue violence underway on the far left Los Angeles Times, Where Friday strikes will take place is planned This is to protest against future “massive” layoffs. They are so stupid… With “massive” and “substantial” layoffs expected soon, “The Los Angeles Times Guild has announced a one-day walkout from both its Los Angeles and Washington, […]
LA Times staff plans first walkout in paper’s 142-year history
Unionized Los Angeles Times staffers began a one-day strike Friday, the first in the paper's 142-year history, to protest impending “drastic” layoffs. The Los Angeles Times Guild, which represents about 400 editorial employees, went on strike after management announced Thursday layoffs that could hit 20% of the 500-person newsroom. I called out. The LA Times […]
Bond set for illegal immigrant deported 4 times who allegedly killed mom, son in drunken driving crash
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Executive Chaos and ‘Major’ Layoffs Hit Far-Left Los Angeles Times
extreme left Los Angeles Times is dealing with the “abrupt departure” of editor-in-chief Kevin Merida and upcoming “major” job cuts. Yes, my children, grab your milk and cookies and get ready for another heartwarming story of leftists hurting leftists… Here's the important part statement The paper announced: The company and the guild are currently discussing […]
Chinese stock rout accelerates as foreign investors sell out – Financial Times
Unlock Editor's Digest for free FT editor Roula Khalaf has chosen her favorite stories in this weekly newsletter. The punitive sell-off in Chinese stocks has worsened in recent days as foreign investors who had bet on a rebound lost faith that a stimulus package from the Chinese government was on the horizon. The Hang Seng […]