Archive for the ‘overhaul’ Category

Bush administration proposes sweeping overhaul of financial industry

March 29, 2008

WASHINGTON (AP) – The Bush administration is proposing a sweeping overhaul of the way the nation’s financial industry is regulated.
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In an effort to deal with the problems highlighted by the current severe credit crisis, the new plan would give major new powers to the Federal Reserve, according to a 22-page executive summary obtained last night by The Associated Press.
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The proposal would designate the Fed as the primary regulator of market stability, greatly expanding the central bank’s ability to examine not just commercial banks but all segments of the financial services industry.
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The administration proposal, which is to be formally unveiled in a speech Monday by Treasury Secretary Henry Paulson, also proposes consolidating the current scheme of bank regulation.

Read the rest:
http://www.washingtontimes.com/apps/pbcs.dll/article?AID=/20080329/BUSINESS/847722253/1001

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Modernizing the U.S military

January 10, 2008

By Daniel L. Davis
The Washington Times
January 10, 2008

Between now and the Feb. 5 “Super Duper Tuesday,” America will get serious about scrutinizing its presidential candidates to ascertain where they stand on the most important issues.

Regarding defense policy, virtually all the focus has thus far understandably been on how and when to end the war in Iraq and bring the troops home. This is an important issue, to be sure. But there is another defense topic that is ultimately of much greater importance that must now share some of the attention.

The next administration will be responsible for making some critical decisions regarding the future of America’s armed forces in general and for the Army in particular; get Army modernization wrong and we could unwittingly lay the foundation for our defeat on a future battlefield.

Read the rest:
http://www.washingtontimes.com/apps/pbcs.dll/article?AID=/20080110/EDITORIAL/841869926/1013