News 

Congressional hearing explores freedom of speech crisis on college campuses

“The House Committee on Oversight and Government Reform held a on Tuesday to continue the conversation about freedom of speech on college campuses” writes Ricky Osborne for washingtonexaminer.com. While the committee brought to light the various ways in which the First Amendment is under attack on college campuses, one question, posed by Rep. Source: washingtonexaminer.com Share This:

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News Oil 

Inflation down as cost of living crisis ends, but rising oil prices could bite

“Family finances got another boost in April as inflation fell to its lowest level in just over a year, with the surge of imported price rises fading from households’ weekly shopping bills” writes Tim Wallace for telegraph.co.uk. Annual inflation slid to 2.4pc, the Office for National Statistics said, surprising economists who had expected it to stay at 2.5pc.The drop compares with a peak of 3.1pc in November and takes inflation closer to the Bank of England’s 2pc target.But the Bank of England expects a small rise in costs in the…

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Crisis of the Week: Accounting Woes Paint PPG Industries Into a Corner

“Paints and coatings maker PPG Industries Inc. launched an internal investigation in April into accounting irregularities, delayed the filing of its quarterly earnings report for the period ended March 31 and fired its controller, Mark Kelly” writes Ben Dipietro for wsj.com. The company said earlier this month it had evidence that some of its employees had made improper accounting entries at the direction of the company’s now-former controller.PPG also shared with WSJ two letters sent internally to its employees. Source: wsj.com Share This:

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No, Trump hasn’t sparked a constitutional crisis

“Yet, on Monday, Washington Post columnist Eugene Robinson declared that we must “stop waiting for the constitutional crisis that President Trump is sure to provoke” writes Evan Vucci Ap for washingtonexaminer.com. It attracts clicks from outraged conservatives and head-nodding liberals, but it’s silly to claim that President Trump has sparked a constitutional crisis with his latest tweets claiming that investigators focused on his presidential campaign have engaged in misconduct. Source: washingtonexaminer.com Share This:

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Lawyer who took on big tobacco has big pharma in his sights

“So far, that effort has led him to recruit 23 state attorneys general to take on the pharmaceutical industry” writes Clark Mindock for independent.co.uk. The overall strategy, just like with the fight against big tobacco, is to file so many lawsuits that the overall financial burden becomes so high that the pharmaceutical industry agrees to negotiate. Source: independent.co.uk Share This:

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Congress is about to loosen the reins on the banking industry. Here’s why.

“For a brief time after a crisis, public attention and concern about preventing the next crisis creates a push for increased regulation” reports washingtonpost.com. They think that passing the current measure would start the country on a path to another financial crisis.But for Democrats, deregulation is a bit more complicated, as you can see in the split vote.But unless (or until) there’s another crisis that grabs public attention, this round of deregulation will almost certainly not be the last. Source: washingtonpost.com Share This:

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Can ‘nano apartments’ solve Hong Kong’s housing crisis?

“Meanwhile, the Hong Kong government has recently launched a public consultation on boosting land supply for new housing” writes Matthew Keegan for theguardian.com. According to the independent research group Shrink That Footprint, apartments in Hong Kong are on average the smallest in the world (484 sq ft).These offer significantly less than the minimum 75 sq ft that the Housing Authority requires for each person living in public housing. Source: theguardian.com Share This:

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Markets News 

Vatican says ‘amoral’ financial system needs infusion of ethics, more regulation

“It said that even today, some types of derivatives were a “ticking time bomb ready sooner or later to explode, poisoning the health of the markets.”” writes unknown author for cnbc.com. It said some forms of financial intermediation “have not only produced manifest abuses and injustice, but also demonstrated a capacity to create systemic and worldwide economic crisis”.The document called for separation of banks to avoid another crisis.The document attacked the “economic cannibalism” of some financial practices.CNBC reported derivatives declined to a gross market value of about $11 trillion at…

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Crypto News 

‘Big Short’ Steve Eisman says cryptocurrencies are mainly good for ‘speculation’ and ‘money laundering’

“It’s good for speculation and good for money laundering. “ writes Katie Rooney for cnbc.com. Steve Eisman, the investor whose forecast of the financial crisis was depicted in “The Big Short,” told CNBC on Thursday he has doubts about “the social utility of cryptocurrency.”.  Source: cnbc.com Share This:

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