Regulating finance
The Obama administration said this week it would create a new consumer-protection agency for investment and credit products, as part of its financial-industry reform package. It would be the first agency with an explicit charter to protect borrowers and small investors. President Obama said the reforms update a system “overwhelmed by the speed, scope, and sophistication of a 21st-century global economy.”
The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
President Obama ordered that federal benefits be extended to the same-sex partners of federal employees. Obama signed the order amid rising pressure from gay-advocacy groups impatient with the administration’s refusal to overturn the military’s “don’t ask, don’t tell” policy. The federal Defense of Marriage Act bars health insurance for the same-sex partners of federal workers, so the benefits offered will be relatively marginal, such as relocation assistance.
-
Can US tourism survive Trump's policies?Today's Big Question The tourist economy is 'heading in the wrong direction'
-
September's books tell of friendship in middle age, teachers versus fascists, and Covid psychosisthe week recommends September books include Angela Flournoy's 'The Wilderness,' Randi Weingarten's 'Why Fascists Fear Teachers' and Patricia Lockwood's 'Will There Ever Be Another You'
-
'Total rat eradication in New York has been deemed impossible'Instant Opinion Opinion, comment and editorials of the day
-
Ghislaine Maxwell: angling for a Trump pardonTalking Point Convicted sex trafficker's testimony could shed new light on president's links to Jeffrey Epstein
-
The last words and final moments of 40 presidentsThe Explainer Some are eloquent quotes worthy of the holders of the highest office in the nation, and others... aren't
-
The JFK files: the truth at last?In The Spotlight More than 64,000 previously classified documents relating the 1963 assassination of John F. Kennedy have been released by the Trump administration
-
'Seriously, not literally': how should the world take Donald Trump?Today's big question White House rhetoric and reality look likely to become increasingly blurred
-
Will Trump's 'madman' strategy pay off?Today's Big Question Incoming US president likes to seem unpredictable but, this time round, world leaders could be wise to his playbook
-
Democrats vs. Republicans: which party are the billionaires backing?The Explainer Younger tech titans join 'boys' club throwing money and support' behind President Trump, while older plutocrats quietly rebuke new administration
-
US election: where things stand with one week to goThe Explainer Harris' lead in the polls has been narrowing in Trump's favour, but her campaign remains 'cautiously optimistic'
-
Is Trump okay?Today's Big Question Former president's mental fitness and alleged cognitive decline firmly back in the spotlight after 'bizarre' town hall event
