Full Repeal of Dodd-Frank Isn't Main Focus of Trump Transition
WASHINGTON—President-elect Donald Trump vowed anew on Friday to dismantle the 2010 Dodd-Frank financial overhaul, at the same time his transition team is tempering expectations for a full repeal of the sweeping law, people familiar with the matter said. Instead, Mr. Trump’s team is focused on rescinding or scaling back the individual provisions Republicans find most objectionable, such as the Financial Stability Oversight Council’s...>> view originalTrump's Surprising Transportation Priorities
Donald Trump first made his way into the public eye by building things, and while on the Presidential campaign trail he has committed to infrastructure spending as a path to more U.S. jobs and private sector growth. He has proposed spending $1 trillion on roads, airports, pipelines, and the electrical grid, compared to the $305 billion over 5 years approved by Congress in late 2015. That level of spending would put him far beyond the pale of traditional GOP politics. Even more remarkably, Trump..>> view originalRenewed optimism for Trump pushes Dow to new record, best week since 2011
NEW YORK, Nov. 11 (UPI) -- Wall Street continued its record Donald Trump-inspired turnaround on Friday by posting yet another all-time high for the Dow Jones Industrial Average. The index climbed another 40 points by the end of trading Friday to finish at 18,847.66 -- its highest finish in history, and just 152 points away from the 19,000-mark. In addition to posting a new record high, the Dow also wrapped its best week since December 2011 -- a gain of more than 5 percent since the opening bell..>> view originalComputer Outage Briefly Grounds Flights On Several Airlines
Follow CBSDFW.COM: Facebook | Twitter DALLAS (AP) — Travelers on several airlines had trouble checking in for flights and waited out delays Friday after a computer outage at a company that runs airline technology systems. American Airlines, Southwest Airlines, JetBlue Airways, Alaska Airlines and Virgin America confirmed that a technology glitch briefly interrupted their operations. The problems seemed to have been fixed by midday, and airlines reported that flights had resumed. The airlines bl..>> view originalDonald Trump is about to face a rude awakening over Obamacare
President-elect Donald Trump and President Obama meet at the White House. (Michael Reynolds/European Pressphoto Agency) After reiterating his promise to repeal and replace the Affordable Care Act, President-elect Donald Trump has indicated that he may keep two of the law’s most popular provisions. One is straightforward enough — children up to the age of 26 being allowed to stay on their parents’ plan. The other — preventing insurance companies from denying coverage because of preexisting co..>> view originalWith Trump in Power, the Fed Gets Ready for a Reckoning
Or Mr. Trump could emulate Mr. Reagan and leave the central bank alone.When the two men finally met, Mr. Reagan asked Mr. Volcker why the country needed a central bank. He apparently found the answer convincing. Like other presidents in recent decades, he decided the Fed was reasonably effective and useful as a scapegoat. And in 1983, he nominated Mr. Volcker for a second term. Mr. Trump’s intentions are unclear in part because there is a tension between his personal preferences and his politic..>> view originalLego giveaways in Daily Mail end amid protest
Lego has announced its promotional giveaways with the Daily Mail have ended - amid a campaign to stop firms advertising with some newspapers over "divisive" coverage of migrants.The firm regularly gives away free toys via the paper, but said there would be no more "in the foreseeable future". Image copyright Daily Mail Image caption The Lego giveaways in the Daily Mail typically ran over the course of a week Lego did not say why the tie-up had ended - ..>> view originalSilicon Valley was worried about the wrong bubble
Tech and business bros in a bubble. REUTERS/Albert Gea For the last year, the tech industry has been fretting about a bubble. Investors on all sides argued over whether valuations were too high or whether the tech sector as a whole was still undervalued. Yet while Silicon Valley was obsessing over the startup bubble, it collectively failed to realize it was living in a completely different kind of bubble: a political bubble. As the reality struck late Tuesday nigh..>> view original
Tuesday, December 6, 2016
Full Repeal of Dodd-Frank Isn't Main Focus of Trump Transition and other top stories.
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