William Thum News Today

By Davide Barbuscia NEW YORK (Reuters) - The Securities Industry and Financial Markets Association may ask regulators for more time to implement a rule requiring centralized Treasury clearing as Wall Street faces a 2026 deadline. The Securities and...

The Securities Industry and Financial Markets Association may ask regulators for more time to implement a rule requiring centralized Treasury clearing as Wall Street faces a 2026 deadline. The Securities and Exchange Commission in December adopted new rules aimed at reducing systemic risk in the $27 trillion Treasury market, the world's biggest bond market, by forcing more trades through clearing houses. Crucial details on how mandatory central clearing will work are not yet defined, and ...

By Davide Barbuscia NEW YORK (Reuters) - The Securities Industry and Financial Markets Association may ask regulators for more time to implement a rule requiring centralized Treasury clearing as Wall Street faces a 2026 deadline. The Securities and...

Industry trade groups remain hesitant about sweeping reforms

Industry trade groups remain hesitant about sweeping reforms

Created in 1885, Michigan's Tanglefoot flypaper company sold their products all around the world. Details and some photos are here!

Grand Rapids is the home to a lot of manufacturing...from office furniture, to vacuums, to car parts, and more -- including flypaper! With the summer weather, also arrives those darn flies that are such pests while we are trying to enjoy some time outdoors. Back in 1885, horse-drawn carts were the way people got around. That meant a lot of horses and that means a lot of manure in the streets. Many homes back then did not have screens, so flies became a problem both outdoors and indoors. A phar...