ACC Archives

Month: May 2018
Sears is closing 72 more stores

When I was a kid Sears was a retail powerhouse. But it did always seem drab. I always associated Sears with the color beige. And that’s not a good color to be associated with. (From CNN Money) The list of...

Pilots Give Teamsters the Boot

I’ll say this. The Teamsters building in Washington DC is one of the nicest in downtown. I once went to a very pleasant cocktail party there. (From The Washington Free Beacon) “This is a historic moment not only for our...

Obama’s CPFB director allegedly sold out student borrowers

Exactly. The student debt system we have in this country feeds the universities and their bloated administrations (in many cases) while students who fear missing out on a college degree go deeper and deeper into debt to meet increased tuitions....

Trump Hits US Allies with Steel, Aluminum Tariffs

(From Politico) The Trump administration will impose new duties on steel and aluminum imports from three key trading partners — the European Union, Canada and Mexico — after failing to reach deals with them to address national security concerns related...

Fed Unveils Rewrite of Volcker Rule Limits on Bank Trading

(From Reuters) U.S. regulators on Wednesday proposed simplifying a rule introduced after the 2007-2009 financial crisis that bans banks from trading on their own account in order to make compliance easier for many firms. The rewrite of the so-called Volcker...

Nicaraguans Block Roads Across Country, Want Ortega Out

(From UPI) Across Nicaragua, protesters are blocking highways and streets to send a message to the government after more than 70 protesters were allegedly killed by police last month. The tranques vary in size, from about 4-foot-high walls on Managua...

European Court: Lithuania, Romania Permitted CIA to Torture Militants

(From UPI) The European Court of Human Rights ruled Thursday the governments of Lithuania and Romania violated policy that prohibits torture by allowing U.S. intelligence agents to interrogate two suspected terrorists. The two prisoners, held at Guantanamo Bay, were captured...