Tag: Regulation/Government Policy

When fines and fees ruin lives

On a recent blustery September morning, Melissa Taylor stood in front of a gathered crowd in New York City. “New York State has been waging...

‘People are upset.’ Will proposed IRA tax changes targeting the rich hurt smaller nest eggs?

Months after a story broke detailing the $5 billion that could come out of Peter Thiel’s retirement account tax-free, new tax proposals are aiming to...

J&J says booster greatly improves COVID-19 vaccine efficacy as experts await FDA decision

Johnson & Johnson became the latest COVID-19 vaccine maker to offer an update on booster doses Tuesday, when it said data from a Phase 3...

How debt enters students’ lives as early as kindergarten

Hello and welcome back to MarketWatch’s Extra Credit column, a weekly look at the news through the lens of debt. This week we’re examining the...

Opinion: Do spouses have special rules when it comes to inheriting an IRA?

Q. I understand surviving spouses have options that no one else does when they inherit their deceased spouse’s IRA. What are those options? -Sherry in...

Texas abortion law: Women will have to travel 496 miles on average round trip to get an abortion out-of-state

On Tuesday, Texas’ law which prevents abortions from occurring  after cardiac activity is detectable — around six weeks after conception — went into effect. In...

Student-loan borrowers have had $37 million in wages unfairly garnished, despite COVID-related pause on collections

Borrowers were still having their wages seized over defaulted student debt, months after the government instructed the student-loan industry to pause this activity during the...

More U.S. companies are considering surcharges for unvaccinated employees

A company crackdown on unvaccinated workers could be coming, in the form of more mandates and more financial penalties, a new survey suggests. One week...

‘They’ve been silent’: Many companies are on the sidelines about the new Texas abortion law — will they stay there?

Texas’ new abortion law has touched off a wave of criticism, including from President Joe Biden, scathing dissents from the U.S. Supreme Court’s liberal wing...

Texas abortion law: $10,000 penalty could incentivize ‘bounty hunters’ to make ‘tens of thousands of dollars’

A new Texas law confining abortions to a brief window around six weeks from conception is two things at the same time, critics say: extremely...

European regulator sees ‘no urgent need’ for COVID-19 boosters, aligning with WHO view and not the U.S.

The European Medicines Agency said Thursday that there is no “urgent need” for COVID-19 booster shots for fully vaccinated people and suggested instead the emphasis...

WHO warns of possible 236,000 new COVID-19 deaths in Europe by December, and Fauci says U.S. could see another 100,000

The World Health Organization warned Monday that Europe will likely see 236,000 new COVID-19 deaths by Dec. 1, and Dr. Anthony Fauci said the U.S....

Why Americans will be paying for the cost of the war in Afghanistan for decades

Hello and welcome back to MarketWatch’s Extra Credit column, a weekly look at the news through the lens of debt. This week we’re talking about...

Biden administration to cancel $1.1 billion in student debt for some borrowers who attended ITT, the defunct for-profit college

Roughly 115,000 student loan borrowers who attended ITT Technical Institute but left without a degree will have their federal student loan debt cancelled, resulting in...

Opinion: If Social Security falls into crisis, voters will have no one to blame but themselves

The trustees for the Social Security Trust Funds are expected to shortly release their delayed annual report on the stability of America’s core retirement program....

DoorDash and Grubhub sued by city of Chicago, which alleges deceptive fees and predatory practices

The city of Chicago filed a wide-ranging lawsuit against DoorDash Inc. and Grubhub Inc. on Friday, accusing the meal-delivery platforms of engaging in deceptive and...

Cassava Sciences punches back, after Qaunterix took a swing by saying it didn’t interpret or prepare the disputed trial data

Quanterix Corp. took a swing at Cassava Sciences Inc. Friday, but then Cassava hit back, stressing that Quanterix was contracted to perform sample testing of...

Opinion: All concerts should mandate that every fan is ‘carded’ — showing proof of a COVID vaccine or test

Since early 2020 we have been bobbing and weaving as the coronavirus has thrown its various variants at us. We’re learning a lot of defensive...

Powell unlikely to fire starting pistol for tapering at Jackson Hole

Federal Reserve Chairman Jerome Powell will be able to equivocate about when the central bank will start slowing down the pace of its bond-buying, essentially...

Opinion: After spending trillions of dollars on wars in Afghanistan, Iraq, Syria and Libya, the U.S. has nothing to show for its efforts but blood in the sand

NEW YORK (Project Syndicate)—The magnitude of the United States’ failure in Afghanistan is breathtaking. It is not a failure of Democrats or Republicans, but an...

Judge shoots down law that kept Uber and Lyft drivers from being employees

A judge late Friday shot down a law that would have allowed app-based companies to continue treating drivers as contractors instead of employees in California,...

How college closures affect taxpayers and students: ‘You stole my money and I’m $188,000 in debt and for what?’

Hello and welcome back to MarketWatch’s Extra Credit column, a weekly look at the news through the lens of debt. This week, I wrote about the collapse...

Opinion: Nvidia’s ARM acquisition is stalled, and there’s a deadline with more than a billion dollars at stake

Nvidia Corp.’s megamerger with ARM Holdings LLC isn’t expected to happen in the timeframe that Nvidia expected, but there are more than a billion reasons...

Meet the vaccine bouncers: ‘If our options are a complete lockdown or asking people to flash their card — I prefer the flashing of the card’

What’s it like to ask customers if they’re vaccinated against COVID-19? Sometimes awkward, always necessary and typically without tension, say some business owners who’ve made...

SNAP benefits will increase to an all-time high — here’s how much more the average family will receive each month

The 42 million Americans who rely on government help to pay for food will see the biggest-ever increase in their benefits starting in October, but...