February 19, 2014 |
A top European Union regulator raised concerns Wednesday that new Federal Reserve rules for foreign banks operating in the U.S. could place an unfair burden on EU financial firms. The Fed's Board of Governors now requires Barclays, Deutsche Bank and other large foreign banks doing business in the U.S. to hold more capital in reserve for their U.S. operations to guard against losses and undergo stress tests to determine their financial health. The requirements, approved unanimously Tuesday, are similar to those for the largest U.S. banks.
January 25, 2014 |
I knew dried fruit had an image problem, but I had no idea how bad it had gotten. Sure, I can kind of understand how prunes, er, "dried plums," might have an issue - let's face it, any time your marketing solution involves changing your product's name entirely, well, things are tough. But the other day, I was talking to Cooks County's Roxana Jullapat, and she told me that in her restaurant, merely putting the word "raisin" on the menu was enough to kill sales for a dish completely.
January 21, 2014 |
TRENTON, N.J. -- New Jersey Gov. Chris Christie may have spent the better part of the last two weeks apologizing for "Bridgegate," but now, it seems, the apologies are over. In a 20-minute inaugural address in an auditorium at the War Memorial in Trenton, Christie made no mention of the allegations that have dogged his administration. Instead, he emphasized his sweeping margin of victory in November and the bipartisan, common-sense spirit that he has often said characterizes New Jersey.
January 21, 2014 |
- Maya Forbes knew the story all too well, but she waited a long time to write a script based on her childhood. It's understandable why the writer-director wasn't rushing. Her father was manic-depressive, and when her mother left their Cambridge, Mass., home to attend graduate school in New York, a 10-year-old Forbes and her sister were largely left in their father's care, which was far from normal - let alone safe - parenting. Forbes, 45, who has writing credits on "The Larry Sanders Show" and the animated movie "Monsters vs. Aliens," said as a parent she has encouraged her children not to be timid.
CALIFORNIA | LOCAL
January 9, 2014 |
The Los Angeles Department of Water and Power, mired in a series of controversies over employee perks, rate hikes and customer service problems, lost its general manager Thursday as Ron Nichols announced he is stepping down. Nichols becomes the latest in a revolving door of leaders to cycle through the nation's largest municipal utility, which has seen five general managers since 2007. Mayor Eric Garcetti is now searching for a replacement who will face obstacles on several fronts.
December 20, 2013 |
This was the year that George W. Bush, five years after his calamitous presidency, came in from the wilderness and went on "The Tonight Show With Jay Leno" to say, "I think I'm a painter. " He presented his host with a grinning portrait, and the audience clapped. The statement was not uttered with the surety of "I'm the decider, and I decide what's best," the much-mocked 2006 message delivered to reporters as a vote of confidence for Donald Rumsfeld, embattled secretary of Defense.