Exelon Corp. Joins Commerce Chamber Expats

Mark Ellis — Tue, 29 Sep 2009 03:01:20 +0000

Power company Exelon Corp. is now officially the next company to join the list of disgruntled companies quitting the U.S. Chamber of Commerce. A significant amount of companies have already left the chamber, complaining about its stance on federal climate-change legislation that could potentially have a negative impact on several of these companies’ business.

Exelon, the nation’s biggest nuclear power plant operator, left the chamber in much the same fashion as the other power companies dissenting from the Chamber of Commerce, highlighting a growing divide between American power companies and the government. Power companies are concerned over the government’s slowness in setting climate change policies because of the amount costs that such a move will incur for the companies.

The group of companies leaving the chamber has stated that they don’t expect their actions to impact government policy and that they are not opposed to climate-change legislation. However, they have remained in opposition to the House bill as well as to the Environmental Protection Agency’s opposed regulations.

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Post from: EveryJoe

Fed Sets New Bank Pay Rules

Mark Ellis — Sun, 20 Sep 2009 00:27:52 +0000

As most people are already aware, the financial crisis has been largely blamed on excessive risks taken on the part of financial systems that aimed to bring in huge paydays for bank employees. Now, though, the Federal Reserve plans to implement several rules that will change how banks pay their employees in order to avoid dangerous risk-taking.

The government has faced enormous pressure from both the outraged public and from other countries, such as France and Germany, to curb these harmful practices. In response to these desires, the Fed has finally rolled out a series of guidelines that will come into play over the next few weeks. These guidelines will eventually apply to any employee that might engage in risky behavior, not just bank executives.

According to the Federal Reserve, every Fed-regulated financial institution in the country will be subject to these regulations and that it already has the power to undertake these new endeavors. This means that 5,000 bank holding companies and 800 smaller state-chartered banks will be subject to these new rules.

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Post from: EveryJoe

Fed Sets New Bank Pay Rules

EveryJoe » federal regulation

Exelon Corp. Joins Commerce Chamber Expats

Fed Sets New Bank Pay Rules