The work of the Consumer Financial Protection Bureau, the federal oversight agency established by Dodd-Frank three years ago, has resulted in its first criminal referral — a case against a debt-settlement company it says defrauded thousands of people.
If you are up at 5 in the morning in Honolulu and are wondering what to do, I have a suggestion: Head over to Pier 38 and watch the Honolulu Fish Auction. It's quite a scene.
Getting up at 5 may seem a bit extreme, but for recent arrivals to Hawaii from the East Coast of the mainland — as I was last Friday — the six-hour time difference makes waking up early easy, if not inevitable.
That big immigration bill working its way through the Senate would let in lots more highly skilled workers on temporary visas. But there's a catch.
The bill says all employers who want to hire workers on these H-1B visas:
... would be required to advertise on an Internet website maintained by the Department of Labor and offer the job to any U.S. worker who applies and is equally or better qualified than the immigrants ... sought...
Europe is debating whether austerity - with its deep budget cuts and tax hikes - is the right cure for the continent's debt crisis. But in Portugal, one of the first countries bailed out by the European Union, the austerity drive goes on. The government there is struggling to repay its loans, and has announced more steep job and benefit cuts, as the country struggles to avoid what was Greece's fate - a second bailout.
Here's a sign of economic recovery: Americans are gambling again. People apparently have enough money to throw some of it away. After a drop during the slowdown, casino revenues are up nationwide. In fact, up to pre-recession levels.
American companies that do business with China make good money. They also lose a lot of money there to cyberthieves, who routinely hack into the computers of the U.S. firms and steal their trade and technology secrets.