$20.5 billionthe amount banks are expected to make from credit card fees such as overlimit fees in 2009, which will (fortunately) soon be regulated by the federal government source
The vote In a historic Senate vote, with just 17 votes against it, Big Tobacco will see its cancer-causing product get treated just like a drug. The house already passed a bill We’re sure a bunch of cigarette industry lawyers are freaking out right now. source
The vote In a historic Senate vote, with just 17 votes against it, Big Tobacco will see its cancer-causing product get treated just like a drug. The house already passed a bill We’re sure a bunch of cigarette industry lawyers are freaking out right now.
The details On top of the longtime TV and radio advertising ban, flavored cigarettes (besides menthol) will be banned entirely, along with print ads in youth-oriented publications and cigarette vending machines in non-adult-oriented places. source
The vote In a historic Senate vote, with just 17 votes against it, Big Tobacco will see its cancer-causing product get treated just like a drug. The house already passed a bill We’re sure a bunch of cigarette industry lawyers are freaking out right now.
The details On top of the longtime TV and radio advertising ban, flavored cigarettes (besides menthol) will be banned entirely, along with print ads in youth-oriented publications and cigarette vending machines in non-adult-oriented places.
Public opinion Is this a good thing? Depends on who you ask. The tobacco companies of course hate it, and wellness groups love it. But some say the FDA isn’t up to the task, considering how nuts their last six months have been. source
How do we make sure this never happens again? Re-invent FDIC? Kill the Office of Thrift Supervision? Throw out the rule book? The Obama administration is considering all sorts of MacGyver-like techniques to prevent future financial industry screw-ups. Don’t expect them to combine a bunch of organizations together like a puzzle, though. Obama doesn’t think he’ll get enough political support for that, and even some of his closest colleagues in Congress think it’s a bad idea. source