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Articles from Political Owl

Banks Ordered to Add Capital to Limit Risks

April 9, 2014 - 20:29 -- Admin

Federal regulators on Tuesday approved a simple rule that could do more to rein in Wall Street than most other parts of a sweeping overhaul that has descended on the biggest banks since the financial crisis.The rule increases to 5 percent, from roughly 3 percent, a threshold called the leverage ratio, which measures the amount of capital that a bank holds against its assets.

An El Nino on the way? A hot year to come for the planet?

April 8, 2014 - 22:32 -- Admin
Australia’s Bureau of Meteorology believes it is now likely (estimated at a greater than 70% chance) that an El Niño will develop during the southern hemisphere winter. “Although the El Niño–Southern Oscillation (ENSO) is currently neutral, surface and sub-surface ocean temperatures have warmed considerably in recent weeks, consistent with a state of rapid transition” the Bureau reported this week.

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