After the House passed finance reform last year, it was widely assumed that the Senate would produce a kinder and gentler measure. But, think again. Incumbents of both parties are facing tough challenges in this election year, and Goldman Sachs has been charged with consumer fraud. Also, We'll talk about the the US Supreme Court and justice for juveniles.
FROM THIS EPISODE
Secretary of State Hillary Clinton told a Senate committee today that Russia and China have joined the US, Britain and France to impose new sanctions against Iran. This comes just one day after Iran made a deal of its own with Brazil and Turkey.
As the Senate gets ready to vote on finance reform, The Financial Times has headlined, “Wall Street lobbyists braced for defeat.” Banks are highly unpopular this election year, and some conservative Republicans may join forces with liberal Democrats to crack down. But--even if Goldman Sachs could lose a big chunk of its profits—critics say the reforms deal more with symptoms than causes. Should states get back the authority they once had to protect consumers?
Elizabeth Warren, Democratic candidate for US Senate (@elizabethforMA)
Tyler Cowen, George Mason University / Bloomberg View (@tylercowen)
Stephen Lerner, Director of the Private Equity Project, SEIU
Felix Salmon, Host of the Slate Money podcast, WIRED (@felixsalmon)
Damian Paletta, Washington Post (@damianpaletta)
Citing “evolving standards of decency” worldwide, a majority of the US Supreme Court ruled yesterday that life in prison without parole is “cruel and unusual punishment” for juveniles who’ve committed crimes other than murder. Dissenters said states ought to decide the issue. Writing for the majority, Justice Anthony Kennedy noted that 77 of the 129 juveniles serving life without parole for crimes less than murder are in Florida. The case that was decided involved Terrence Graham, who attempted to rob a restaurant when he was 16.
Carol Marbin Miller, Repoter, Miami Herald
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Touching down in fly-over country Dodge City, Kansas and Erie, Pennsylvania may have something in common. That’s just one surprise in “Our Towns,” a new book by James and Deborah Fallows. The veteran Atlantic magazine correspondent and his scholarly wife spent two weeks in each of 25 different cities. Their search for America’s character provides anecdotes, comparisons and distinctions after a journey of 100,000 miles.
Teachers are battling back Teachers are mad as hell in several red states. They’re walking out over cuts in pay and reductions in classroom support. It’s a grass-roots rebellion from West Virginia to Kentucky and Arizona. Will it renew support for the value of public education in a changing economy?
After the Iran Nuclear Deal: Does Trump have a Plan B President Trump made good on a campaign promise. The U.S. is out of the “horrible” “one-sided” Iran nuclear deal. Can it stop Iran from restoring its nuclear program? Make diplomatic peace with allies in Europe? Convince North Korea the U.S. can be trusted?
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