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New ‘Audit the Fed’ Bill Calls for Full Transparency from Central Bank

first_img Audits Federal Reserve U.S. Senate 2015-01-28 Brian Honea Related Articles Home / Daily Dose / New ‘Audit the Fed’ Bill Calls for Full Transparency from Central Bank Data Provider Black Knight to Acquire Top of Mind 2 days ago January 28, 2015 1,242 Views Brian Honea’s writing and editing career spans nearly two decades across many forms of media. He served as sports editor for two suburban newspaper chains in the DFW area and has freelanced for such publications as the Yahoo! Contributor Network, Dallas Home Improvement magazine, and the Dallas Morning News. He has written four non-fiction sports books, the latest of which, The Life of Coach Chuck Curtis, was published by the TCU Press in December 2014. A lifelong Texan, Brian received his master’s degree from Amberton University in Garland. Servicers Navigate the Post-Pandemic World 2 days ago Share Save Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago The Best Markets For Residential Property Investors 2 days ago U.S. Senator Rand Paul (R-Kentucky) has reintroduced bipartisan legislation that calls for more transparency from the U.S. Federal Reserve Board of Governors, according to an announcement on Paul’s website.The Federal Reserve Transparency Act of 2015, or S. 264, commonly known as Audit the Fed, calls for elimination of the restrictions placed on the Government Accountability Office (GAO)’s audits of the Fed. The bill also mandates that several divisions of the Fed be subject to Congressional oversight, including credit facilities, securities purchases, and quantitative easing activities.”A complete and thorough audit of the Fed will finally allow the American people to know exactly how their money is being spent by Washington,” Paul said. “The Fed currently operates under a cloak of secrecy and it has gone on for too long. The American people have a right to know what the Federal Reserve is doing with our nation’s money supply. The time to act is now.”One of the provisions of the bill calls for an audit of the review of the loan files of homeowners in foreclosure: “The Comptroller General of the United States shall conduct an audit of the review of loan files of homeowners in foreclosure in 2009 or 2010, required as part of the enforcement actions taken by the Board of Governors of the Federal Reserve System against supervised financial institutions.”Conservatives have criticized the Fed’s methods of attempting to stimulate the economy since the 2008 financial crisis and have repeatedly called for more transparency from the central bank. Legislation similar to the bill introduced by Paul on Wednesday has been proposed before by former U.S. Representative and Senator Paul’s father, Ron Paul (R-Texas) in 2009, and Representative Paul Broun (R-Georgia) last year. Broun’s bill easily passed in September 2014 with bipartisan support in the House by a 333 to 92 vote (with 106 Democrats and 227 Republicans voting in favor) but died when it was not voted on in the Senate before the end of the session. A similar bill was introduced in the House earlier this month by Representative Thomas Massie (R-Kentucky).Senator Rand Paul’s new Audit the Fed bill has 30 co-sponsors, only one of which – Mazie Hirono of Hawaii – is a Democrat. One of the new bill’s co-sponsors is Senator Ted Cruz (R-Texas).”At long last, it’s time for a complete audit of the Federal Reserve, so the American people can fully understand the scope and consequences of the agency’s extraordinary monetary policy since 2008,” Cruz said in a prepared statement. “The Fed has expanded its balance sheet fivefold, yet economic growth is still tepid, businesses are sitting on cash, and median income and household wealth are depressed. . .Enough is enough. The Federal Reserve needs to fully open its books so Congress and the American people can see what has been going on. This is a crucial first step to getting back to a more stable dollar and a healthy economy for the long term.”Another of the Fed’s policies conservatives have criticized is the near-zero savings interest rates. The Fed announced during the first Federal Open Market Committee meeting of the year on Wednesday that it is in no hurry to raise those interest rates, saying, “Based on its current assessment, the Committee judges that it can be patient in beginning to normalize the stance of monetary policy.””Americans are living with near-zero interest rates on their savings while entrepreneurs and small businesses report credit is still hard to get,” Cruz said. “Quantitative easing has contributed to the dollar’s volatility in recent years, which destabilizes the financial system and distorts investment. Other than elevating the stock market and key prices such as oil until lately, the Fed’s policies have not resulted in a long-term cure for our sick economy.”Democrats have repeatedly resisted any legislation that calls for further scrutiny of the Fed’s activity. Last month, Fed Chair Janet Yellen said she would “forcefully” oppose any type of Audit the Fed bill, telling reporters that “I do think central bank independence is very important. . . to make sure we can make the decisions we think are best.”center_img About Author: Brian Honea New ‘Audit the Fed’ Bill Calls for Full Transparency from Central Bank The Week Ahead: Nearing the Forbearance Exit 2 days ago Demand Propels Home Prices Upward 2 days ago Tagged with: Audits Federal Reserve U.S. Senate in Daily Dose, Featured, Government, News Previous: North Carolina Publications Honor Hutchens Law Firm Attorneys Next: GSE Investors Gain Victory in Court of Federal Claims Demand Propels Home Prices Upward 2 days ago  Print This Post Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Sign up for DS News Daily Subscribelast_img read more

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Suspect in Phillips 66 shooting death captured after pursuit, crash

first_img Suspect in Phillips 66 shooting death captured after pursuit, crash Twitter Pinterest Google+ Facebook Google+ Previous articleSemi blown over on US 31 Monday morning at US 30Next articleMichigan governor: Virus infection curve starting to flatten Tommie Lee WhatsApp (Photo supplied/St. Joseph County Jail) The suspect in a murder that happened on March 14 at the Phillips 66 gas station in downtown South Bend has been arrested.U.S. Marshals captured Anthony Malone, 31, on Monday, April 13, after a brief chase that began in LaPorte County near Hudson Lake. The pursuit ended when Malone crashed his vehicle in St. Joseph County near Lincolnway and William Street in South Bend.An Indiana State Trooper pursuing him also crashed into Malone’s vehicle.The suspect and a female passenger were taken to a hospital, and Malone was booked into the St. Joseph County Jail.Malone faces a murder charge with a firearm enhancement in the death of De’Ashay Thompson, 24. He’s due to be arraigned on Tuesday. IndianaLocalNews Facebook WhatsApp Pinterest By Tommie Lee – April 14, 2020 0 330 Twitterlast_img read more

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Bill Gates’ best career advice

first_img 73SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr Bill Gates has built one of the most powerful companies in the world, donated billions of dollars to charitable causes, and forever changed the way humans and machines interact. Today the world’s most successful college dropout reaches another important milestone: turning 60.While Gates is less inclined to seek the limelight than fellow billionaire moguls Richard Branson and Elon Musk (it’s telling that his billionaire bestie is Warren Buffett), he’s been an inspiration to countless people across the world for the past four decades, for obvious reasons.“I like my job because it involves learning. I like being around smart people who are trying to figure out new things. I like the fact that if people really try they can figure out how to invent things that actually have an impact. I don’t like to waste time where I’m not hearing new things or being creative,” Gates told Playboy in 1994.With an estimated net worth of $79.2 billion, Gates remains the richest man in the world, a record he’s held for 15 of the past 20 years, according to Forbes. But since stepping down as CEO of Microsoft in 2000, Gates has devoted more and more of his time to giving his money away to worthy causes. Through his philanthropic work with the Bill & Melinda Gates Foundation, he and his wife focus on improving educational outcomes, expanding health care access across the world, and increasing economic opportunity for low-income households. continue reading »last_img read more

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Want to grow? Focus on member engagement

first_imgCredit unions might be not-for-profit cooperatives, but the point of successful marketing is to increase your bottom line by growing your top line.That means paying attention to member engagement. Ultimately, your measure of successful member engagement is whether member activities are ever increasing their contribution to revenue. The key is to understand and measure member behaviors that are profitable, productive and will grow your revenue streams. Think of member engagement as the intersection of a member using your credit union, having an affinity for your credit union and feeling compelled to advocate for your credit union. Engaged members have real financial value that transcends their decision to do business with you beyond price or even convenience. If growth is your goal, focusing on member engagement is the path.Here are a few ideas to get you started:Identify your members’ why: You need to understand the primary reason your members choose to do business with you. This can be done simply with an annual member survey. Ask your members what is the most important reason they do business with you. If the answer doesn’t align with your core purpose and strategy, you need to re-tool your message.  You may already have an idea why your target market does business with you, but you want to make sure your marketing messages are resonating. There is a lesson in statistics that correlation does not equal causation. In other words, just because two things are correlated, one might not be caused by the other. When it comes to the members’ why, you need to know the difference. Measure engagement: Member engagement can be hard to quantify if you don’t have the appropriate measures in place. You need to first ensure that what you are measuring is actually helping you make marketing decisions that can increase your response rate, determine perceived value and increase loyalty for reasons other than price and convenience. Set up metrics that measure results and then carefully research what messages are causing the desired responses from your target market. As you review the results, look for root causes for success or failure. It could be the messaging for one product area is falling flat. It could also be that the service delivery of a particular product is preventing success. Year over year, you will have a clear picture of where you are making progress and where you are not. Understand member behavior: We all know that members will respond to lower prices, but if this is your only strategy for growth, you are swimming in shark infested waters with competitors that have larger economies of scale and can beat you at the low-price game. To really grow long-term, you need to establish metrics that measure your members’ response and affinity beyond price. There’s a difference between having credit cards in your portfolio and understanding how members use them. Members choosing to pull your card out of their wallet to make purchases is the behavior that creates your top line growth.To truly measure your marketing’s effectiveness and the extent of your brand’s awareness, you need to measure your members’ engagement level. If you are not striving for this, you are leaving money on the table and missing the ability to grow both your top and bottom line. 11SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr,Bryn C. Conway Bryn C. Conway, offers more than 15 years of experience as a former credit union executive with extensive background in strategic planning, brand development, member experience, retail delivery and public … Web: https://www.bccstrategies.com Detailslast_img read more

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School Bus Hair Pulling Led to Shooting, Cops Say

first_imgSign up for our COVID-19 newsletter to stay up-to-date on the latest coronavirus news throughout New York An alleged gunman has been arrested for allegedly shooting a North Amityville man because the suspect believed that the victim’s grandson pulled the suspect’s daughters hair this week, Suffolk County police said.Anthony Franklin, 28, of Amityville, was charged Wednesday with assault.“Franklin was upset that his 6-year-old daughter had her hair pulled by another student on the bus ride to school,” police said in a news release. “Franklin went over to the residence of the boy he believed was involved on the bus.”Police said the suspect shot Wilson McWilliams twice after confronting the victim inside the victim’s Albany Avenue home and then fled the scene shortly before 4 p.m. Tuesday.McWilliams was airlifted to Stony Brook University Hospital, where he was in stable condition.Franklin will to be arraigned Thursday at First District Court in Central Islip.last_img read more

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Win for Upper Corentyne; West Demerara & Lower Corentyne play to a draw

first_imgWITH West Berbice defeating Georgetown on Saturday , Essequibo, East Coast, Upper Corentyne, East Bank, Lower Corentyne and West Demerara continued their battle yesterday in the sixth round of the GCB Franchise matches.In the match between Upper Corentyne and East Bank, Upper Corentyne declared after 67 overs, scoring 291 for the loss of 3 wickets, with an overall lead of 313.Kandasammy Surujnarine top scored with a hefty 150 off 191 balls, while Balchand Baldeo hit 79, and Rajiv Ivan 31. Keon Morris, Ronaldo Ali Mohamed and Mark Robe each collected 1 wicket off 51, 58 and 35 respectively.East Bank, needing 314 for victory, were unable to reach the target, being dismissed for 227 in 67.1 overs. Ronaldo Ali Mohamed top scored with 96 off 90 balls while Daniel Barker added 31 and Colin Benn 30.Bowling for Upper Corentyne, Clinton Pestano and Eon Hooper picked up 2 wickets each for 23 and 53 runs respectively, while Sean Pereira took 3 for 72. David Latchaya and Kandasammy Surujnarine picked up a wicket each. Upper Corentyne won by 87 runs.Over at Young Warriors ground, West Demerara drew their game against Lower Corentyne with West Demerara declaring at 206 for 4 after 80 overs. Akshaya Persaud scored 101 not out, while Tevin Imlach hit 60.Lower Corentyne tallied 153 all out in 77 overs with Alex Algoo making 68 not out and Kassim Khan 24. Bowling for West Demerara, Akshaya Persaud, Richie Looknauth, Keshram Seyhodan and Mehendra Dhanpaul seized 2 wickets each.In the day’s play at Tuschen, Essequibo in their first innings scored 258 all out with Wijai Surujpaul hitting 58, Kemol Savory 20 and Shivnarine Chanderpaul 91.Bowling for East Coast, young Bashkar Yadram took 3 for 52 and Royston Simon 2 for 40. East Coast in their second innings were 51 for 4, with Kevin Gordon taking 2 for 10 and Anthony Adams 1 for 12. East Coast lead by 82 runs with six wickets in hand.last_img read more

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Daughter’s graduation is just what the doctor ordered for Donegal boss!

first_imgThere was a double cause for celebration in the Bonner household in Madavagh, Lettermacaward this week.Fresh from Donegal’s big win over Tyrone in Saturday’s Ulster semi-final, the Donegal manager Declan Bonner was in Galway on Tuesday as his daughter, Amara, graduated as a doctor from NUI Galway.After six years of study at NUI Galway’s School of Medicine, Amara graduated with degrees of Bachelor of Medicine, Bachelor of Surgery and Bachelor of Obstetrics (M.B., B.Ch., B.A.O). Next month, she starts her first job in University Hospital Galway.Amara, a former student at St Columba’s Comprehensive in Glenties, is pictured with her proud parents, Catherine and Declan.Daughter’s graduation is just what the doctor ordered for Donegal boss! was last modified: June 13th, 2019 by Chris McNultyShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:Amara BonnerDeclan BonnerdoctorLettermacawardMedicineNUI Galwaylast_img read more

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Santos denies flopping ala Pennisi, insists Smith hit him above shoulder

first_imgDon’t miss out on the latest news and information. MOST READ “That wasn’t a flop, there really was contact,” said Santos Wednesday at Smart Araneta Coliseum. “All I’m saying is, in those kinds of situations the referees should call a foul because the hit was above the shoulders. There was contact, it scratched me, and so I [exaggerated] it.”Santos’ actions, though, evoked memories of a certain iconic flop that happened in a game in 2012 that he was actually part of.During the match between Santos’ Petron and Barako Bull, Blaze Boosters’ import Will McDonald threw the ball at Energy big man Mick Pennisi.What ensued was the most iconic flop in PBA history as Pennisi dropped to the floor in writhing pain five seconds after the leather hit his face.Santos, though, would defend his actions saying it wasn’t the same as Pennisi’s.ADVERTISEMENT Another vape smoker nabbed in Lucena TNT evens series View comments Racela keeps faith in TNT import Joshua Smith PLAY LIST 00:51Racela keeps faith in TNT import Joshua Smith33:18PBA 3ON3 042616 GAME 1 TNT VS NLEX GAME 2 ROS VS GNB01:40Post-game interview with TnT coach Jong Uichico after losing in PBA finals game 602:49Robredo: True leaders perform well despite having ‘uninspiring’ boss02:42PH underwater hockey team aims to make waves in SEA Games01:44Philippines marks anniversary of massacre with calls for justice01:19Fire erupts in Barangay Tatalon in Quezon City01:07Trump talks impeachment while meeting NCAA athletes02:49World-class track facilities installed at NCC for SEA Games In Game 3, Santos got everyone’s attention again.In the 8:24 mark of the fourth, Santos challenged Smith’s shot underneath the basket, and instead of hitting the ball, the one-time MVP hit the big man smack in the face.FEATURED STORIESSPORTSSEA Games: Biñan football stadium stands out in preparedness, completionSPORTSPrivate companies step in to help SEA Games hostingSPORTSMalditas save PH from shutoutA couple of seconds later, Smith was standing over a lying down Santos.Video replays showed Smith gave a Santos a little nudge and Santos tried to made it look like a legitimate blow. China furious as Trump signs bills in support of Hong Kong Photo by Tristan Tamayo/INQUIRER.netThe PBA Commissioner’s Cup finals series between San Miguel and TNT has certainly produced memorable moments that don’t involve shooting the leather ball through the steel hoop.There was the tunnel altercation in Game 3, Roger Pogoy’s hit on Arwind Santos’ family jewels, and KaTropa import Joshua Smith’s verbal jabs against Gabby Espinas.ADVERTISEMENTcenter_img LATEST STORIES LOOK: Jane De Leon meets fellow ‘Darna’ Marian Rivera Lacson: SEA Games fund put in foundation like ‘Napoles case’ “That wasn’t the same as what Mick did, that was just awkward,” said Santos. “What happened to me was, I saw a punch coming so I tried to sell it and it would be a big thing if he [Smith] got ejected.”Unfortunately for Santos, Smith stayed until the end as TNT won Game 4 102-97 and tie the series at 2-2.Sports Related Videospowered by AdSparcRead Next Cayetano to unmask people behind ‘smear campaign’ vs him, SEA Games Pagasa: Kammuri now a typhoon, may enter PAR by weekend What ‘missteps’? Pagasa: Kammuri now a typhoon, may enter PAR by weekendlast_img read more

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