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The fate of America’s leader and, possibly, the country’s entire economy rested on his shoulders in 1893.

Practical Socialism: Its Principles and Methods The concluding chapter of “Practical Socialism — Its Principles and Methods” (2006) by Pieter Lawrence It has been said that the Capitalist system digs its own grave; it does not! The only way it will be consigned to history is when a majority of people take political action to end it. But what the capitalist system does do, and has no choice about it, is develop a material basis for what could be a new socialist society. These developments are in the global fields of production, distribution, administration and communications. They bri...

Weekly Fintech Focus FDIC discusses its fair lending activities in the most recent edition of its Consumer Compliance Supervisory Highlights. US and EU engage in a joint regulatory forum to discuss international coordination on financial regulation and operational resiliency. BCBS publishes its principles for operational resilience for banks, including a focus on third-party outsourcing relationships with financial technology companies. Financial regulators seek comment on model risk management guidance. CSBS seeks comment on a revamp of the nationwide licensing system. FDIC Consumer Complian...