- Beretta moving to Tennessee over Maryland gun laws
- Neal Boortz defends Hillary Clinton for representing child rapist
- House task force to recommend National Guard on border, faster deportations
- Top federal judge uses pizza to explain complex Obamacare situation
- Obama, Biden overhaul job training programs
- Drought-plagued Californians turn to paint to keep lawns green
- ISIL now forcing Iraqi shopkeepers to veil mannequins in Mosul
- 11 parents of Nigeria’s abducted girls die
- Genetic mapping triggers new hope on schizophrenia
- Turkish P.M. Erdogan won’t speak to Obama, but he’ll take calls from Biden
Question of the Day
Volcker defends ban on proprietary trading
Former Federal Reserve Chairman Paul Volcker on Monday issued a broad defense of a federal rule bearing his name that would prohibit banks from trading for their own profit.
Commercial banks backed by government deposit insurance shouldn’t be able to engage in speculative trading, Mr. Volcker said in a letter supporting the so-called Volcker rule.
“Proprietary trading is not an essential commercial bank service that justifies taxpayer support,” he wrote.
The letter was sent to the five regulatory agencies that have approved a draft version of the rule, including the Federal Reserve and the Securities and Exchange Commission.
The rule is expected to be finalized by summer. Banks will then have until July 2014 to comply.
U.S. probes door fires in TrailBlazers
DETROIT | Federal safety regulators are investigating fires in the driver’s side doors of Chevy TrailBlazers, the second such probe in a week.
The latest inquiry involves more than 309,000 TrailBlazer SUVs from the 2006 and 2007 model years. The fires began in the power window switch or related electrical parts, the National Highway Traffic Safety Administration said Monday.
The agency opened the first probe last week into similar problems with the 2007 Toyota Camry sedan and RAV4 small crossover SUV. The TrailBlazer investigation began Thursday.
All three of the vehicles under investigation are popular. None has been recalled.
Europe approves Google’s $12.5B Motorola Mobility deal
© Copyright 2014 The Washington Times, LLC. Click here for reprint permission.
TWT Video Picks
U.S. appetite for drugs begets violence migrants are fleeing
- IRS seeks help destroying another 3,200 computer hard drives
- D.C. appeals panel deals big blow to Obamacare subsidies
- 'Straight White Guy Festival' supposedly set for Ohio park
- Tony Dungy doubles down on Michael Sam remarks: 'Drafting him would bring much distraction'
- DEACE: How to go from civil rights icon to bigot in one quote
- Hamas terrorists wear Israeli army uniforms to ambush soldiers in Gaza
- YOUNG: A sinking presidency, deeper after November?
- Obama family set to buy $4.25M desert home in California: report
- Rick Perry: County jails in Texas have taken in 203,000 "criminal aliens"
- Rep. Jared Polis' anti-fracking crusade riles Colorado
Obama's biggest White House 'fails'
Celebrities turned politicians
Athletes turned actors
20 gadgets that changed the world
Fighting in Iraq