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Tag: Regulators


blakespot (CC BY 2.0)

Questionable Drugs Net Billions for Health Care Industry

Doctors, drugmakers, regulators and lobbyists pushed high doses of medications that may have been ineffective or at times even lethal on millions of anemic patients over two decades, making upward of $8 billion a year for two companies. “How did this happen?” asks Peter Whoriskey of The Washington Post.

Posted on Jul 20, 2012 READ MORE



Photo by jpellgen

What We Learned About Wall Street and Big Business From Facebook’s IPO

In the span of less than a week, Facebook’s much-maligned initial public offering has led to billions in losses, multiple investigations and even lawsuits. The mess created from all this chaos, however, has led to some lessons about how Wall Street and big businesses play the system for their own economic advantages.

Posted on May 24, 2012 READ MORE



AP/Richard Drew

Bank of New York Case Tests IRS Power to Halt Foreign Tax Abuses

In November 2001, the Bank of New York quietly transferred nearly $8 billion of its assets—almost 10 percent of its holdings at the time—to a trust in the small, business-friendly state of Delaware in a critical first step in setting up a tax shelter that has cost the government more than $1 billion in revenue in the past decade.

Posted on Apr 16, 2012 READ MORE



DonkeyHotey (CC-BY)

Fed Shrugged Off Warnings, Let Banks Pay Shareholders Billions

In late 2010, a major regulator warned the Federal Reserve: Banks are not healthy enough to increase dividends, and the economy could implode again. But the Fed ignored that advice.

Posted on Mar 3, 2012 READ MORE


Capitol Hill
Flickr / wallyg

House Rejects FCC’s Net Neutrality Rules

With murmurs of a veto in the background, Republicans successfully pushed a measure through the U.S. House rejecting the FCC’s 2010 net neutrality rules for Internet service providers.

Posted on Apr 9, 2011 READ MORE


Robert Reineke of Venezuela stands by the Google booth at the Consumer Electronics Show in Las Vegas, Saturday, Jan. 7.
AP / Jae C. Hong

Google to Hand Over Data Collected During Photo-Mapping

Google said it will hand over wireless network data that was collected by fleets of vehicles shooting photographs for the search giant’s Street View mapping service as it tries to resolve a privacy row with European regulators.

Posted on Jun 6, 2010 READ MORE


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