Tag: financial crisis

South Korean Prosecutors Indict Ex-President Park On Corruption Charges

On Monday, prosecutors in South Korea announced that they have indicted former President Park Geun-hye on corruption and abuse of power charges that could send her to jail for life. Park, 65, was impeached in December, formally removed from office March 10, and arrested March 30 amid a national scandal that has also swept up…

Trump Expected To Halt Dodd-Frank In Executive Action [VIDEO]

President Donald Trump is expected to sign an executive order Friday that rolls back the 2010 Dodd-Frank regulatory law, first put in place after the 2008 financial crisis. “Americans are going to have better choices and Americans are going to have better products because we’re not going to burden the banks with literally hundreds of…

Fed Raises Rates For First Time Since 2006, Markets Climb

The Federal Reserve raised interest rates Wednesday for the first time in nearly a decade. The central banking committee unanimously voted to move the target range for the federal funds rate to a 0.25-0.5 percent range, up from a 0-0.25 range. β€œThe committee judges that there has been considerable improvement in labor market conditions this…