Republicans are still huffing and puffing about President Barack Obama’s recess appointment of Richard Cordray to head the Consumer Financial Protection Bureau, but that hasn’t stopped the new director from getting right to work.
Cordray announced Thursday the launch of a nonbank supervision program to supplement the agency’s monitoring of banks. In layman’s terms, a "nonbank" is a business that doesn’t accept deposits but provides financial services that include pay day loans, credit ratings, debt collection and some mortgage lending.
Until now, most of these nonbanks have operated without federal regulation. The new supervision program will be equipped to investigate them and enforce rules.
Less than a day after President Barack Obama’s soaring speech on restoring the American middle class, progressives who felt that the administration was finally heading in the right direction stumbled back to reality Wednesday with a baffling decision from Health and Human Services (HHS) Secretary Kathleen Sebelius.
Sebelius overruled the Federal Drug Administration (FDA) on its recommendation to make the contraceptive Plan B—a morning-after pill that reduces the risk of pregnancy after unprotected sex—available over the counter alongside contraceptives like condoms. Even girls younger than 16 would have had access to Plan B under the FDA's recommendation.
After an extended showdown that began around noon Sunday, police in Washington, D.C., succeeded in destroying a wooden structure Occupy DC protesters had erected in McPherson Square to provide shelter throughout the winter.
It may feel as traditional as leftover turkey, but it’s only been since the 1960s that retailers have named the day after Thanksgiving, when bargain shoppers hunt for discount goods like big game, "Black Friday." But this year, black could just refer to the pall cast on store employees’ holidays, which have been increasingly cut short in an effort to start the sales earlier and earlier.
In Nebraska, rumors of a Thanksgiving midnight opening at the Omaha North Target store where Anthony Hardwick has worked for the past three years first circulated on Facebook. By the time store managers confirmed that employees were scheduled to start their shifts at 11 p.m. Thanksgiving Day, the part-time parking attendant had taken matters into his own hands.
Even for someone who specializes in consistently saying the most offensive and irrelevant things, Ann Coulter's statements about black Republicans in an interview with Sean Hannity Monday crossed the line. In a segment discussing accusations of sexual harassment against Herman Cain, Coulter and Hannity completely sidestepped the allegations and instead ranted about why liberals target African American Republicans. Of course the argument moved away from issues of sex and workplace harassment and moved on to how Barack Obama is only half-black and his father wasn't even an American.