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2010-09-03 05:10
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Posts Tagged ‘act’

Tougher laws in effect

LAWS to give the authorities more bite when it comes to loan sharks and their accomplices came into effect yesterday, ahead of the opening of Singapore’s first casino, in a move lauded by MPs and counsellors as timely.
The changes to the Moneylenders Act also come in the wake of a rising tide of illegal moneylending activities in recent years.
Latest figures released by the police showed that ther… more

Citing ‘obscene’ bonuses, Obama to tax banks

Jan. 14: President Obama says he wants to recoup the money that the American public spent on bailing out large financial institutions. (Other)President Barack Obama on Thursday described bank bonuses as “obscene” and called for a new tax on Wall Street’s largest firms.










Barack ObamaEmergency Economic Stabilization Act of 2008President of the United StatesUnited StatesBusiness

Answer Desk: TARP bailout won’t die

The $700 billion Troubled Asset Relief Program was never used for the purpose for which it was originally intended. Yet it has been extended for another year.  Answer Desk.







Troubled Asset Relief ProgramEmergency Economic Stabilization Act of 2008Federal Reserve SystemCitigroupBusiness

Festive mood propels STI to 17-month high

TRADERS were all but wearing Santa Claus suits yesterday as they embraced the Christmas mood and sent the market to a 17-month high.
Funds, too, got in the act by window- dressing blue chips to make the last full trading day before the holiday a festive one. The result was a 17.74-point rise in the benchmark Straits Times Index (STI) to 2,841.56.
But it would not be Christmas without the presence … more

Of bats and billions: Following stimulus funds

The bat gate funded with Recovery Act dollars will be similar to this one, which controls human access to Wheeler's Deep Cave in Great Basin National Park.As reports and data generated by the federal Recovery Act pile up, tracking stimulus outlays and results is fast becoming a hot cyber parlor game. Msnbc.com’s Mike Stuckey reports.










American Recovery and Reinvestment Act of 2009BusinessRecovery ActInvestingSports

Too much disclosure can sometimes be bad

MOST people place their faith in the disclosure-based model which says that the more information financial advisers and companies are made to tell the public, the better. This is the rationale behind Regulation Full Disclosure (RFD) in the US and the Sarbanes-Oxley Act of 2002, and is the preferred regulatory approach that has evolved over the past decade in tandem with deregulated markets.
Howeve… more

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