It’s disheartening and alarming to see that even well-known financial institutions like TD Bank are involved in criminal activities such as money laundering. The fact that they were hit with a record $3 billion fine over drug cartel money laundering is a clear indication of the severity of their negligence and lack of oversight. The sheer volume of transactions that went unmonitored for several years, enabling drug cartels to transfer hundreds of millions of dollars through TD Bank accounts, is shocking and highlights a blatant disregard for regulations and ethical business practices.
It’s reassuring to see that the fine actually exceeds the profit made from these illegal activities, signaling a step towards holding these giant corporations accountable for their actions.… Continue reading
The Supreme Court has just dealt a fatal blow to forty years of administrative law by killing the Chevron Deference. This means that agencies will no longer have the authority to regulate statutory ambiguities, leaving it up to judges to make crucial decisions regarding everything from E. coli in pork loin to food purity laws. This decision represents a major power grab by the conservative majority in the court, showing a clear dedication to corporate interests over public safety and expertise.
With this ruling, we are witnessing a dismantling of the separation of powers and a shift towards a system where judges, many of whom lack scientific knowledge, will now have the final say on important regulatory matters.… Continue reading
The Supreme Court’s recent decision to weaken federal regulators by overturning the decades-old Chevron decision is a devastating blow to the foundations of our government. With all GOP-appointed justices ruling to erase this precedent, billions of dollars are now potentially at stake in challenges that could arise from this ruling. As someone who may soon witness a resurgence of environmental disasters and public health crises, I find it alarming that the highest court in the land is effectively stripping away the power of federal agencies to protect us from corporate greed and negligence.
The implications of this decision are far-reaching and concerning.… Continue reading
As I sit here and read the latest news about Boeing’s ongoing troubles with their 737 Max planes, I can’t help but feel a profound sense of disappointment and frustration. This once-great company, known for its skilled engineers and commitment to safety, has been overrun by the influence of accountants and MBAs. The results have been disastrous, with hundreds of lives lost and a tarnished reputation that may never be fully repaired.
One of the key issues that led to this situation was the decision to ramp up production to unsustainable levels. Instead of focusing on quality and safety, Boeing became fixated on pumping out planes at an alarming rate.… Continue reading
John Q. Hosedrinker