In iraq. The u. S. Supreme court handed down two top decisions on the final day of its session. High court has ruled today, that Certain Companies can refuse to pay with certain types of contraception. Both in their churches and outside their chimps. Clumps. Churches. To deny their employees federally mandated benefits. Lisa stark is in washington for us and lisa this is something of a blow to the president s Signature Health care law. Tell us about the ruling. This was perhaps the most closely watched case of the session, tony. It broke down under ideological lines. Some companies can opt out and object to the religious mandate. Hobby lobby owns Something Like 500 Crafts Stores around the country and has 13,000 employees. The Company Owners say their, beliefs would not allow them to cover plan b which this their view is like having an abortion. The court did find that closely Held Companies like this can claim a religious exemption from the Obamacare Mandate on contraceptives. Laurie
Tonewsmakers is please welcome the ceo the of the Financial Services roundtable. Thank you for being here. Let me introduce you to our two reporters who will be asking questions is weak. And ryandouglas is th tracey. Thank you. The Financial Services roundtable may not be in everyday term to folks at home. Would you explain who the members are . About a hundred of the nations Financial Services Companies Including Asset Management, payment, finance companies and the like. Of policyn Research Issues as well as advocacy and community service. Do you directly lobby . 45 . Out we have a lobbying department. Thats part of what we do. Lets start with ryan tracey. A wanted to ask you about Cyber Security which is something you have all been involved in. It has been in the news a lot over the last several weeks. Bleed bug was disclosed and things were seen with the passwords have been exposed. One of the things you have been advocating for his legislation on this front and congress is not movi
To hold back . That is the debate that is going on. Chair yellen said, for the largest institutions, we may require more capital or reserve for cushion in the future if we have continuing concerns about Systematic Risk to these large organizations. She signaled they would be amped up even higher. Our members are concerned if you go too far what youre going to do is put them at a competitive disadvantage against other banks that do not have that high of a requirement. It is also going to stifle lending which is going to keep the economy moving in a positive direction, particularly when it is still fragile. With all the rules in place, do you think they are reaching a point where the concern will , about too big to fail banks, who will be rescued by the government no matter what happens to them are we reaching a point where regulators are not as fearful about that . I think the regulators i do not want to speak for them, but if you look at the Public Comments and summarize them, they say
This is a serious problem and one largely under the radar screen. Recent studies by the gao common pleas of the Federal Reserve and by the private company ill estimate there is a sizable amount of leakage from Retirement Savings, most significantly to cash distributions to change jobs. Moreover, Fidelity Investments in the Boston Research group provided 55 of a preretirement distribution from their defined contribution savings plan later regret having done so. The reality is plans to sell avery fund retirement. They serve as a Savings Vehicle appeared because of this the recommended contribution rate to these accounts should reflect not only what is needed to successfully from retirement but what will unlikely to reach on before retirement is slow. This suggests policy should encourage rates about as neat as the leeches on retirement or policy should limit the extent to which individuals can take her retirement distributions from these accounts. A shortcoming of the system is most empl
Old wounds or opened up fresh ones . Sabet choudhury has been to meet two people who took a stand after the fall for very different reasons. Bristol moves to its own beat. And they feel the rhythm of their city. Known to his fans as wish master, he saw the fall of colston as a defining moment. So, city of
protest, what change, if any, can come from this and will it leave Bristol United or divided . Come from this and will it leave Bristol United or divided . M come from this and will it leave Bristol United or divided . It meant a lot because i felt like people made the decision instead of, like, listening to the politics and it was back to the basics. How do people feel. And they showed how they felt, basically so it was good. I felt proud. Since that happened do you think anything has changed 7 since that happened do you think anything has changed . I would say no. Nothing has changed, really. Were still in the same place and i think people are bit more aware the circumstances but ul