Fires Back at Elizabeth Warren: 'You need multiple perspectives' | WashingtonExaminer.com:
"You need multiple perspectives represented in a department like the Treasury. I think you’re hearing more from the few than from the many.... It is a natural thing for there to be some lingering concerns about whether or not the institutions... that caused the last crisis are truly changed.
French banking group Credit Agricole is to cut 2,350 jobs around the world, including 850 positions in France, mainly at its Cacib investment bank, the Force Ouvriere (FO) union said on Wednesday.At Cacib, 1,750 jobs will be cut globally, including 550 in France, the union said. The bank's consumer credit branch, CACF, will see 600 jobs cut, half in France and half in the rest of the world.
Cape Town (AFP) - The South African government raised taxes and scaled back spending plans in its annual budget Wednesday as Africa's most developed economy wrestles with stalling growth, rising debt, power blackouts and rampant unemployment.
Thousands of fast food locations in almost 150 cities across America remain closed today as their low-paid workers picket outside stores in a show of solidarity. The campaign that started 18 months ago when fast food workers in New York City demanded an overreaching hike in the hourly minimum wage to $15 has now turned global.
Editor’s Note: The following post comes to us from Paul A. Ferrillo, counsel at Weil, Gotshal & Manges LLP specializing in complex securities and business litigation, and is based on an article by Mr. Ferrillo, Robert F. Carangelo, and Hannah Field-Lowes.