Today, in an economic speech at the New School in Manhattan, Hillary Clinton spoke out against short-term traders.
"The problems are not limited to the big banks that get all the headlines. Serious risks are emerging from institutions in the so-called shadow banking system, including hedge funds, high-frequency traders, non-bank finance companies," said the Democratic presidential candidate.
Clinton added: "I will soon be proposing a new plan to reform capital gains taxes to reward longer-term investments that create jobs more than just quick trades."
But Clinton’s attack today could open her up to charges of hypocrisy.
Raj Fernando, the CEO of high-frequency trading firm Chopper Trading, is hosting a fundraiser for Clinton next week.
Are airlines unfairly conniving to keep capacity low and thus drive up fares? According to Senator Richard Blumenthal, a Connecticut Democrat, they are—and he's asked the Justice Department to investigate.
Last year Hillary Clinton called the Russia "reset" policy "totally transactional." The comments seem to take on a new meaning after last week's news about Clinton helping to approve the sale of uranium company to the Russians.
“When the Obama administration came into office, it was only months after Russia had invaded Georgia and taken over two provinces, which they declared independent states, which are totally dependent upon Russia," said Clinton.
Amidst the cliched rhetoric decrying “unpatriotic” companies that accompanied the Obama administration’s recent move to address corporate inversions, it was easy to miss the fact that there is relatively little of substance that can be remedied via regulation alone, even with Treasury Secretary Jacob Lew stretching the limits of executive power.
President Obama and First Lady Michelle Obama have made increasing the federal minimum wage one of their marquee issues during campaign appearances leading up to the 2014 elections. After pushing for an increase to $9.00/hour up through 2013, the president moved the bar up to $10.10/hour in his 2014 State of the Union Address.
Publicly, President Obama loves to demonize insurance companies. But behind the scenes, Big Government and Big Insurance maintain a cozy alliance that the Obama administration actively nourishes, often at taxpayer expense. Indeed, as emails recently obtained by the House Oversight Committee show, Big Government and Big Insurance have worked together to promote Obamacare. They’ve also worked together to make sure taxpayers will help bail out insurance companies who lose money selling insurance under Obamacare — that is, unless Republicans stop this from happening. Moreover, Obama senior advisor Valerie Jarrett is among the prominent White House officials who’ve been in the middle of this collaboration between insurers and the administration — between those driven by the profit motive and those driven by the power motive.
Pfizer is an American pharmaceutical company that makes Viagra to increase many men’s sexual activity, and Lipitor to prevent strokes and heart attacks (my lay language, not the more precise Pfizer claims). AstraZeneca is a British pharmaceutical company that makes cancer and other drugs. Pfizer says AstraZeneca faces “difficult challenges” because patents on many of its drugs will expire soon and offers to be helpful by buying the company for $106 billion (£63 billion).