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
More From To the Point
Special: ‘Trump Baby’ flies over Big Ben… President Trump flies to Europe this week for meetings with NATO, the Queen and Russia’s President Putin. But the president won’t be the only Trump flying when he lands in the UK. An enormous, orange “Trump baby” balloon, complete with a diaper and cell phone is set to float just above the streets of London, for all to see. What else do British protestors have in store?
On the road to SCOTUS: Politics trumps the law Conservative Judge Brett Kavanaugh’s Senate confirmation looks highly likely, but crucial issues won’t go away. The Supreme Court may see cases involving abortion, health care and the limits of presidential power. Can Democrats use upcoming hearings to dramatize what’s at stake--before November’s elections?
Politics and ‘incivility’ One Democrat wants Trump aides confronted in public over separating immigrant families. But her party’s leaders call that “incivility.” The question is: does moderation accomplish real change -- or is it a smokescreen for the status quo? When it comes to achieving racial equality, what’s worked and what hasn’t?
Family migration and the politics of incivility Separating immigrant families at the border may be something new, but the US has never extended the “Good Neighbor Policy” to Central America. Clinton and Bush discouraged newcomers, and Obama was called, “Deporter in Chief.” We’ll provide context ignored in mainstream media coverage.
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