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Congress Settles on New Rules for America's Economy!


Remember when America's economy was pushed to the brink of total collapse by a combination of irresponsible borrowing, bank malfeasance, and the proliferation of derivatives and other Byzantine financial "instruments" designed chiefly for the benefit of Wall Street gamblers?

Since then, there has been talk about maybe passing laws that prevent it all from happening again (or at least preventing the next crisis from being as bad). Well, at 5:39 a.m. today, Senate and House leaders finally agreed on what this financial reform legislation should look like.


If you have a bank account, credit card, or stake in the future of America, you may be interested.

The Wall Street Journal has a great issue-by-issue breakdown of the bill's provisions. It sets up a procedure for liquidating failing financial institutions without bailouts, establishes a new council to monitor systemic threats to economic stability, reins in some of the riskiest investing practices, and puts limits on how far banks can go to lure you into bad credit card deals or mortgages and otherwise take advantage of you.

It took a while, but the bill looks good. People who know more about the details than I agree. Edmund Andrews at Capital Gains and Games says "the reformers held up amazingly well in the face of massive lobbying from banks, non-banks, Wall Street, hedge funds and the rest of the financial services industry." Score one for the little guy.

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via International Monetary Fund / Flickr and Streetsblog Denver / Flickr

Seventeen-year-old Swedish climate activist Greta Thunberg made a dramatic speech Tuesday at the World Economic Forum in Davos, Switzerland.

In her address, she called for a public and private sector divestment from fossil fuel companies

"Immediately end all fossil fuel subsidies and immediately and completely divest from fossil fuels. We don't want these things done by 2050, or 2030 or even 2021 — we want this done now," she said.

U.S. Treasury Secretary Steven Mnuchin mocked the teenager on Thursday during a press briefing in Davos.

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Even though marathon running is on the decline, half a million people signed up to participate in the 2020 London Marathon. It seems wild that someone would voluntarily sign up to run 26.2 miles, but those half a million people might actually be on to something. A new study published in the Journal of the American College of Cardiology found that running a marathon can help reverse signs of aging.

Researchers at Barts and University College London looked at 138 first-time marathon runners between the ages of 21 and 69. "We wanted to look at novice athletes. We didn't include people who said they ran for more than two hours a week," Dr. Charlotte Manisty, the study's senior author and cardiologist at University College London, said per CNN.

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via David Leavitt / Twitter and RealTargetTori / Twitter

Last Friday, GOOD reported on an infuriating incident that went down at a Massachusetts Target.

A Target manager who's come to be known as "Target Tori," was harassed by Twitter troll David Leavitt for not selling him an $89 Oral-B Pro 5000 toothbrush for a penny.

He describes himself as a "multimedia journalist who has worked for CBS, AXS, Yahoo, and others."

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