At Thursday’s hearing on Capitol Hill where BP CEO Tony Hayward was called to testify about the oil spill, Texas GOP Congressman Joe Barton apologized to the embattled oil company chief, characterizing White House actions to hold BP accountable a “shakedown” and “shameful.”
Some two dozen executives from large corporations will be descending on Capitol Hill today to make the case against over-regulating derivatives. The “fly-in” is being organized in part by the U.S. Chamber of Commerce through a group called the Coalition for Derivatives End-Users, according to the Chamber’s Ryan McKee. Many corporations use derivatives to hedge [...]
US Secretary of State Hilary Clinton has said the Obama administration will do what it can do block further progress of a controversial bill describing as genocide the killing by Turks of Armenians during WWI.
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