Duffy blasts Buttigieg over FAA failures, WWII air traffic control system, defends recent layoffs
WASHINGTON, D.C. — Transportation Secretary Sean Duffy criticized his predecessor, Pete Buttigieg, accusing him of failing to address the nation’s air traffic controller shortage and mismanaging the Department of Transportation. “Mayor Pete…
New Jesey Gets Slap on Wrist by Justice Department Over Deadly Failures at Veterans Homes During Pandemic
NEWARK, N.J. — The U.S. Attorney’s Office for the District of New Jersey and the Department of Justice’s Civil Rights Division have filed a complaint against the state of New Jersey and…
Looney Toon Brit Bobbies Threaten to Jail Americans As Citizens Protest Police Failures
LONDON — The head of London’s Metropolitan Police has announced an intensified effort to address online commentary related to recent riots across the United Kingdom, warning that enforcement actions may extend beyond…
NJ Transit Failures Lead to Call for Legislative Investigation and Hearing
TRENTON, N.J. — New Jersey State Senator Troy Singleton (D-Burlington) has formally requested hearings to investigate the ongoing issues plaguing New Jersey Transit’s River Line service. Singleton’s call for action comes in…
Boeing CEO That Has Presided Over Massive Failures Awarded $32 Million Pay Package Before He Departs
Boeing’s CEO could walk away with a massive pay package as his company scrambles to regain public trust amid a series of high-profile incidents with their aircraft. Dave Calhoun, Boeing’s outgoing president…
Uvalde DA investigates police over failures in mass shooting – report
(Reuters) – A prosecutor in Uvalde, Texas, has convened a grand jury to investigate whether police were criminally liable for failing to promptly storm a classroom in a 2022 mass shooting that…
Exclusive-Tesla faces inquiry by Norway’s safety regulator over suspension failures
By Marie Mannes STOCKHOLM (Reuters) – Tesla faces an inquiry by Norway’s traffic safety regulator into suspension failures in the company’s electric cars that could result in a recall, the agency told…
New Jersey’s Wind Farm Failures Having Ripple Effect on Industry Worldwide
NEW YORK, NY – The global wind power sector is set to experience less capacity growth than previously anticipated over the next decade, according to a recent report by consultancy Wood Mackenzie.…
Murphy’s Systematic COVID-19 Failures Led to Unnecessary Deaths at State Veterans Homes
TRENTON, NJ – Assembly Republican Leader John DiMaio is urging Gov. Phil Murphy to take responsibility for systemic failures at two state-run veterans homes during the early stages of the Covid-19 pandemic,…
US CFTC orders 3 major US banks to pay over $50 million for swap reporting failures
By Kanishka Singh WASHINGTON (Reuters) -The U.S. Commodity Futures Trading Commission on Friday ordered Goldman Sachs, Bank of America and JPMorgan to pay a total of over $50 million to settle charges…
Turmoil showed top level failures at banks, global watchdog says
By Huw Jones LONDON (Reuters) – This year’s bank turmoil showed some boards and senior management failed in their most basic responsibilities and more regulatory guidance may be needed, a global watchdog…
US SEC fines 9 investment firms over marketing rule failures
WASHINGTON (Reuters) – The U.S. Securities and Exchange Commission on Monday ordered nine investment advisory firms to pay a combined $850,000 in civil penalties for advertising hypothetical performance without implementing new policies…
Marketmind: Strikes, system failures and a slowdown
A look at the day ahead in European and global markets from Tom Westbrook: Workers at two Chevron liquefied natural gas facilities in Australia plan stoppages next week, putting European gas traders…
‘We Are Not Learning’: Bjorn Lomborg Says Politicians Hide Behind Climate Change To Duck ‘Responsibility’ For ‘Failures’
‘We Are Not Learning’: Bjorn Lomborg Says Politicians Hide Behind Climate Change To Duck ‘Responsibility’ For ‘Failures’ Harold Hutchison on August 18, 2023 Bjorn Lomborg said Friday that politicians were blaming climate…
As Democrats Blame Climate Change, Massive Government Failures May Have Fueled Hawaiian Fires
As Democrats Blame Climate Change, Massive Government Failures May Have Fueled Hawaiian Fires Nick Pope on August 16, 2023 Several prominent Democrats were quick to blame climate change for causing the devastating…
‘Worst Intelligence Failures’: Biden Intel Advisers Urge Renewal Of Controversial Surveillance Tool
‘Worst Intelligence Failures’: Biden Intel Advisers Urge Renewal Of Controversial Surveillance Tool Micaela Burrow on July 31, 2023 The Biden administration’s special intelligence council concluded that ending a surveillance tool that has…
Christie Mocks Trump Casino Failures After Former Gov Gave Prez $25 Million Break
Former New Jersey Governor Chris Christie today mocked former President Donald J. Trump for his three casino bankruptcies but failed to mention the $25 million tax break he gave the former President.…
U.S. Treasury: ‘Decisive actions’ taken in response to bank failures
By David Lawder WASHINGTON (Reuters) – The U.S. Treasury Department said on Monday that authorities took “decisive actions” in response to the failures of First Republic Bank, Silicon Valley Bank and Signature…
Factbox: Highlights from US regulators’ reviews of SVB, Signature failures
(Reuters) – The Federal Reserve and Federal Deposit Insurance Corp issued detailed reports on Friday on what went wrong and where their supervisors came up short in the run-up to the two…
Factbox-Fed, FDIC reviews of US bank failures to spotlight problems, fixes
The failures of two large regional U.S. banks in mid-March blew a $22 billion hole in the nation’s deposit insurance fund and shook confidence in the global financial system. On Friday the…
Fed’s Bowman says bank failures not indictment of broader regulatory regime
(Reuters) – Federal Reserve Governor Michelle Bowman said on Friday that the recent failures of Silicon Valley Bank and Signature Bank were not an indictment of the bank regulatory landscape, although she…
KPMG fined 875,000 pounds for failures in Luceco audit
By Huw Jones LONDON (Reuters) – KPMG has been fined 875,000 pounds ($1.09 million) for its audit of lighting manufacturer Luceco for its financial year to Dec. 31, 2016, Britain’s accounting watchdog…
Wells Fargo to pay $97 million for sanctions compliance failures
By Hannah Lang (Reuters) -Wells Fargo & Co will pay fines of about $97.8 million for inadequate oversight of its compliance risks, enabling the apparent violation of U.S. sanctions against Iran, Syria…
UK’s William Hill given record $24 million fine for gambling failures
By Sarah Young LONDON (Reuters) – Britain’s Gambling Commission has handed a 19.2 million pound ($23.7 million) fine to the William Hill betting group, the biggest penalty ever issued by the regulator,…
US House Financial Services chair: too early to tell if new laws needed after bank failures
By Kanishka Singh WASHINGTON (Reuters) – U.S. House of Representatives Financial Services Committee Chairman Patrick McHenry said on Wednesday it was too early to tell if new legislation is necessary after the…
RONNA MCDANIEL: Widespread Bank Failures Highlight Biden’s Utter Incompetence
RONNA MCDANIEL: Widespread Bank Failures Highlight Biden’s Utter Incompetence Ronna McDaniel on March 18, 2023 Last week, America experienced the second and third-largest bank failures in our nation’s history. Of course, you…
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