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Trump administration finalizes fair access banking rule

The Trump administration tried to give a parting gift to the gun industry on the president's way out the door, finalizing a rule intended to limit big banks' ability to refuse to do business with so-called "high-risk" customers such as firearms manufacturers.

Cruz s Treaty Gambit; the Epithet Test; Hailing Gorby

Good morning, it’s Tuesday, Dec. 22, 2020. Thirty-six years ago today, in a meeting at Camp David, Margaret Thatcher shared her insights with Ronald Reagan about a rising Russian politician. His name was Mikhail Gorbachev. Thatcher’s observations were not idle gossip. They reflected high-level intelligence, gleaned first-hand. And that conversation between a British prime minister and an American president about a Soviet functionary with a bright future would help make the world a safer place. Gorbachev, Thatcher told her host, is someone with whom the West could “do business.” Gorbachev, set to assume the helm in the Soviet Union, was “an unusual Russian,” Thatcher added, in that he was “much less constrained, more charming, open to discussion and debate, and did not stick to prepared notes.”

Looking for some last minute Christmas stocking stuffers? Check out these books

Looking for some last minute Christmas stocking stuffers? Check out these books Books make great last-minute stocking-stuffers. Here are a few suggestions for every type of reader, young, old and everything in between. Hint: You can also use this column for some ideas on how to spend those book store gift certificates that you find in your own stocking this year. Written By: Terri Schlichenmeyer / The Bookworm Sez | 12:00 pm, Dec. 20, 2020 × unique. Some family members won t be there. Others are coming, regardless of whatever s going on in the country. Still others are sending their regards and a box of presents, which is something you might do, too. And here s the good news: books are easy to wrap, easy to box, and easy to ship. Why not try one of these great books for that person who can t make it to your table this holiday season?

The Capital Letter: Week of December 7

The Capital Letter: Week of December 7 Andrew Stuttaford © Carlo Allegri/Reuters The NASDAQ market site displays an AirBnb sign featuring CEO Brian Chesky on their billboard on the day of the company s IPO in Times Square in New York City, December 10, 2020. Yes, U.S. markets have been a little weaker in the last few days, and as I write (11:55 a.m.), are down again this morning, but signs of a bubble aren’t too difficult to find. There is, for example, the continuing demand for “blank-check” companies or, less euphemistically, SPACs (special purpose acquisition companies). There’s been more than $125 billion in special purpose acquisition company, or SPAC, merger activity this year, more than quadrupling the 2019 total. And it’s only expected to accelerate in 2021.

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