But if Mr. Trump gets his way, it's safe to expect that the CFPB will have a much smaller regulatory footprint in the future. At a press conference Monday afternoon, Mulvaney announced a hiring freeze at the agency as well as a 30-day pause in any new rules or regulations coming down the pipeline. Saying that "elections have consequences for every agency," he also promised to run the bureau much differently than Cordray did. … [Read more...] about What’s going on at the Consumer Financial Protection Bureau?
Consumer and producer surplus examples
It's that time of the year when all eyes are on the Finance Minister. Dalal Street, India Inc, tax-paying individuals, consumers, traders - almost everyone is looking at Nirmala Sitharaman with hope. This Budget, that comes in the wake of a slowdown, and muted consumer spending, is the first one that's being presented by the Narendra Modi government after storming back to power in the Lok Sabha elections last year. As the countdown begins, here's a look at what India Inc has on their wishlist from Ms Sitharaman this time. … [Read more...] about Kunal Bahl says change important for companies to stay relevant, cites Facebook’s example to emphasise on need for innovation
As a result, American business that import items from China would face potentially higher costs. Tariffs are a tax that companies -- not countries -- pay on imported goods, for raw materials, parts and finished products. Companies facing higher costs for imports often pass those on to consumers in the form of higher prices. At the same time, the cost of goods the U.S. exports overseas may rise. … [Read more...] about U.S. consumers and businesses — not China — bear the brunt of Trump’s tariffs
According to Digiconomist the estimated power use of the bitcoin network, which is responsible for verifying transactions made with the cryptocurrency, is 30.14TWh a year, which exceeds that of 19 other European countries. At a continual power drain of 3.4GW, it means the network consumes five times more electricity than is produced by the largest wind farm in Europe, the London Array in the outer Thames Estuary, at 630MW. … [Read more...] about Bitcoin mining consumes more electricity a year than Ireland
"I'm delighted to see the numbers of food businesses with a lower rating decreasing. This is good for the people in Wales and for food businesses in Wales. … [Read more...] about Food hygiene rating law now covers producers