July 26, 2016

President Obama’s top trade negotiator said that Transatlantic Trade and Investment Partnership (TTIP) talks can’t proceed until the contours of the “Brexit” become more clear. The trade deal, which boosters were hoping to finalize before Obama leaves office, has been complicated by Britain’s decision to leave the European Union. In a referendum held last month, Britons voted 52-48 to leave the EU. “As a practical matter, it is not possible to meaningfully advance separate trade and investment negotiations with the United Kingdom until some of the basic…

Keep Reading

The Federal Reserve is preparing to fine Goldman Sachs because one of the firm’s bankers in 2014 conspired to receive confidential information from an official at the New York Fed. Penalties aren’t expected to exceed the $50 million in fines that Goldman has already paid to state regulators as a result of the leak, according to The New York Times, which broke the story of the new enforcement action on Monday. Fed officials are also considering punishing the former superior of the now-ex Goldman employee…

Keep Reading

The Obama administration is preparing a rule that would place new emissions limits on US airliners. According to the Environmental Protection Agency (EPA), jet fuel exhaust poses a public health risk and is accelerating the warming of the planet. The agency said it would therefore use its authority under the Clean Air Act to propose new regulations on pollutants generated by the industry. “Addressing pollution from aircraft is an important element of US efforts to address climate change,” said Janet McCabe on Monday. McCabe is the EPA’s…

Keep Reading