Bank of England’s Mark Carney warns insurers ‘not too big to fail’

Great Britain’s insurers are under the same level of scrutiny by government and central bank officials and top executives would still be held accountable in the same way as the nation’s major financial institutions in event of a catastrophe, said Bank of England Governor Mark Carney … [Read more...]

Report: Changes in Census survey will prevent true analysis of Obamacare effects

The New York Times published a bombshell Tuesday when it reported that the Census Bureau would be dramatically transforming the way its conducts its surveys that will make it extremely difficult to conduct any authentic analysis of the effects of President Obama’s Affordable Care Act … [Read more...]

Senate Considers Extending Deposit Insurance Program (TAG)

During the eye of the Great Recession, it appeared that everything was headed for disaster. Banks were failing, credit was frozen, markets were falling off a cliff, etc. Congress took the opportunity to extend deposit insurance to over $250,000 limit in an effort to prevent bank … [Read more...]

Health Care Reform Causing Businesses to Cut Employees to Part Time

After receiving heavy criticism, Darden Restaurants—parent company of Olive Garden, Red Lobster and Longhorn Steakhouse—has retracted its threat to cut employee hours part time in order to avoid offering health insurance. In October Darden announced its plans to “experiment” with … [Read more...]