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Trump calls for ’21st century’ Glass-Steagall banking law

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U.S. Republican presidential candidate Donald Trump on Wednesday called for a “21st century” version of the 1933 Glass-Steagall law that required the separation of commercial and investment banking, a change the Republican Party also supported in its 2016 policy platform.

Trump gave no details about his banking plan other than to say he would prioritize “helping African American businesses get the credit they need.”

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Democrat Hillary Clinton’s husband, former president Bill Clinton, signed legislation in 1999 that repealed Glass-Steagall.

U.S. banking law was comprehensively revised by the Dodd Frank Wall Street Reform and Consumer Protection Act in 2010 as a response to the financial crisis of 2008.

(Reporting by Emily Stephenson)


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COVID-19

What is China doing to stop Beijing’s new coronavirus outbreak?

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Over 1,000 flights have been cancelled, schools shut and residents urged not to leave Beijing, as Chinese authorities race to contain a fresh outbreak linked to the capital's largest wholesale food market.

The number of confirmed cases in the capital has shot up to 137 within the last week after two months of no cases, and four other provinces have revealed cases linked to the Beijing cluster.

How did the outbreak begin, and what measures are Beijing taking to contain it?

- What is the origin of the cluster? -

Beijing had turned into a virtual fortress at the height of the pandemic, with people arriving from other regions or countries required to undergo quarantines.

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2020 Election

Democrats and Never-Trumpers gaming out ‘doomsday scenarios’ if president refuses to leave office: report

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According to a report in the New York Times, Democratic strategists and Never-Trumper conservatives fear Donald Trump will refuse to leave office should he lose in November and are making plans and figuring out their legal options should such an unprecedented state of affairs come to pass.

The report, by the Times' Reid Epstein, begins with one such possible scenario.

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COVID-19

‘Retaliation plain and simple’: Vaccine agency top Doc fired by Trump administration files whistleblower complaint

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Dr. Rick Bright has retained an attorney and will be filing a whistleblower complaint after the Trump administration fired him from his position as head of the federal agency charged with developing a COVID-19 vaccine. Dr. Bright was moved to a different agency with a narrower focus after he raised concerns over President Donald Trump's obsession with promoting hydroxychloroquine, a malaria drug recent studies found doubles the death rate in coronavirus patients.

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