#Conflict Of Interest

As daughter sought state license, Noem summoned agency head

SIOUX FALLS, S.D. (AP) — Ethics experts are questioning whether South Dakota Gov. Kristi Noem had a conflict of interest by meeting with her daughter and top state officials last year in the governor’s office while her daughter was pursuing a real estate certification. Noem’s daughter, Kassidy Peters, was seeking...
Picture for As daughter sought state license, Noem summoned agency head
New York Post

Dallas, Boston Fed presidents announce resignations following controversial stock trades

It was a “Fed letter day” as two regional Federal Reserve presidents announced early retirements following controversial stock trades that were exposed in news reports. Monday morning, Boston Fed President Eric Rosengren announced he would retire nine months earlier than expected, citing health reasons. Hours later, Dallas Fed President Robert Kaplan said he would retire, acknowledging his recent trading activities had become a “distraction.”
Picture for Dallas, Boston Fed presidents announce resignations following controversial stock trades

Two Fed officials depart amid scrutiny over investment trades

WASHINGTON, Sept 27 (Reuters) - Two Federal Reserve officials who came under scrutiny for investment trades they made last year announced their retirements on Monday, in a controversy that has already sparked a planned review of the Fed's ethics rules. Dallas Fed President Robert Kaplan said he will retire on...

Dallas and Boston Fed presidents resign amid scrutiny over stock trades

The Federal Reserve banks of Dallas and Boston said Monday that their presidents are stepping down amid scrutiny over their stock-trading during the COVID-19 pandemic. Dallas Fed President Robert Kaplan acknowledged the controversy in a statement Monday afternoon, saying he decided to retire because "unfortunately, the recent focus on my financial disclosure risks becoming a distraction to the Federal Reserve's execution of that vital work." Boston Fed President Eric Rosengren said earlier Monday he was stepping down nine months early for health reasons.

The Millcreek Digital Billboard Saga Continues As Planning Commission Asks For Special Legal Counsel

Millcreek’s planning commission wants a fresh set of eyes to help them sort through a controversial billboard proposal. The city has drafted an agreement with Reagan Outdoor Advertising to swap out four traditional billboards for three digital ones. It would require changing the municipal billboard ordinance and the master plan for a new city center development called Millcreek Common. It includes a new city hall, as well as residential and commercial space.
Marietta Daily Journal

Dallas Fed president retires after controversy over financial disclosures

Rob Kaplan is retiring as president and CEO of The Federal Reserve Bank of Dallas after financial disclosures showed he was trading stocks last year while voting on critical monetary policy for the U.S. during the pandemic. While the investments are permitted under the Fed’s rules, Kaplan, 64, said he...

131 federal judges failed to recuse themselves from cases in which they had financial interest: report

One hundred and thirty-one federal judges oversaw court cases involving companies in which they or their family members owned stock, according to a new investigation. Those judges violated U.S. law and judicial ethics as they failed to recuse themselves from a total of 685 court cases in which they may have had a conflict of interest, an investigation by The Wall Street Journal found.

Why Does Academia Have A Bias Against Bitcoin?

Academia is no fan of Bitcoin. The vast majority of professors are hugely biased against it. For example, Professor of Economics Nouriel Roubini of New York University doesn’t even try to hide his intense hatred for Bitcoin. Roubini told Bloomberg that "the Flintstones had a better monetary system than bitcoin" and has repeatedly called it a “bubble” since 2015. When asked to give expert testimony to the U.S. Senate, Roubini called Bitcoin “the mother of all scams'' and smeared all its supporters as “scammers, swindlers, criminals, charlatans, insider whales and carnival barkers.”

Dallas Fed President Robert Kaplan Will Retire Amid Controversy

Just hours after Boston Federal Reserve Bank President Eric Rosengren announced his resignation on Sept. 27, Dallas Fed President Robert Kaplan followed suit. Like Rosengren, Kaplan will leave the office with a net worth in the millions. Article continues below advertisement. Kaplan and Rosengren faced scrutiny for personal investments. Earlier...

Fed resignations don’t blunt calls for broader ethics changes

WASHINGTON, Sept 27 – U.S. consumer and public interest groups on Monday kept up the pressure on Federal Reserve Chair Jerome Powell to impose stricter ethics rules on Fed officials, after two Fed bank presidents resigned because of controversial investing activity last year. As Powell looks to be appointed to...