Wednesday, 23 Dec 2020
At issue is Section 13(3) of the Federal Reserve Act, which grants the central bank broad powers to make loans and otherwise keep money flowing in “unusual and exigent circumstances.” Added to the central bank’s arsenal amid the Great Depression, the authority has proved invaluable in recent decades.
THE pandemic relief deal that Congress struck this week is long overdue. Unfortunately, the package includes a provision that threatens to make this and future crises worse – by limiting the emergency powers of the Federal Reserve.
At issue is Section 13(3) of the Federal Reserve Act, which grants the central bank broad powers to make loans and otherwise keep money flowing in “unusual and exigent circumstances.” Added to the central bank’s arsenal amid the Great Depression, the authority has proved invaluable in recent decades.
Government insurance for business interruption losses from pandemics: An evaluation of its feasibility and possible frameworks wiley.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wiley.com Daily Mail and Mail on Sunday newspapers.
December 21, 2020
Washington, D.C.
The Commodity Futures Trading Commission today announced that Market Participants Division (MPD) Director Joshua B. Sterling will depart the agency by the end of January 2021. Mr. Sterling has led MPD since joining the agency from private practice in August 2019.
“Josh has been an integral member of my team since the first weeks of my term,” said CFTC Chairman and Chief Executive Heath P. Tarbert. “He leaves behind a legacy of significant accomplishments, all of which centered around the goal of establishing and implementing smart, effective, and practical oversight of the 3,300 derivatives intermediaries registered with the CFTC. I am grateful for Josh’s service and his contributions to our historic rulemaking agenda.”
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Berger Montague Promotes Camille Fundora Rodriguez and Nick Urban to Shareholders
December 15, 2020 GMT
PHILADELPHIA, Dec. 15, 2020 /PRNewswire/ Berger Montague is pleased to announce that it has selected Camille Fundora Rodriguez and Nick Urban to become Shareholders of the Firm effective January 1, 2021.
Ms. Rodriguez has been an attorney with the Firm since 2014. During that time, she has served in key roles in many nationwide wage and hour class and collective actions arising under the Fair Labor Standards Act and state laws.
She has successfully challenged the unlawful wage and hour business practices of numerous industries, including home health aide companies, meat and poultry plants, and landscaping companies. Her work has resulted both in payment of back wages and compensation changes by the companies. Currently, Ms. Rodriguez represents individuals in a variety of industries i