Monday, November 20, 2017
Business

Wall Street, big banks hurt mainstream Americans, survey finds

RECOMMENDED READING


WASHINGTON — Nearly two-thirds of voters say the stock market is rigged against them and a majority say Wall Street and big banks hurt average Americans, according to poll results released last week by a pro-regulation group.

The survey commissioned by Better Markets also found that 60 percent of voters support stricter federal regulation of banks and other financial institutions.

About 74 percent of Democratic voters and 56 percent of independents favored tougher oversight, while 46 percent of Republicans did, according to the nationwide poll of 1,000 people likely to vote in this fall's elections.

The poll was conducted by Democratic firm Greenberg, Quinlan and Rosner Research and has a margin of error of 3.5 percent.

The results were released in conjunction with last week's fourth anniversary of the passage of the Dodd-Frank financial overhaul law.

The legislation, which Congress approved with almost no Republican support, created the Consumer Financial Protection Bureau and enacted regulations designed to prevent future financial crises and government bailouts.

The poll showed that voters are strongly dissatisfied with federal oversight of Wall Street and large banks nearly six years after the 2008 financial crisis.

About 89 percent of respondents said the federal government does a poor or fair job of regulating the financial industry.

About 64 percent of the respondents, and 62 percent of those who own stocks, said they agreed with this statement: "The stock market is rigged for insiders and people who know how to manipulate the system."

About 32 percent of respondents, and 35 percent of those with stocks, said they believe the market is not rigged and "mostly fair for everyday investors."

When asked if Wall Street and big banks "hurt everyday Americans," 55 percent of respondents agreed and 41 percent disagreed.

Democrats felt most strongly that large financial firms hurt average Americans, with 62 percent agreeing. About 57 percent of independents and 46 percent of Republicans agreed.

Comments
Glenn Thrush, New York Times reporter, accused of sexual misbehavior

Glenn Thrush, New York Times reporter, accused of sexual misbehavior

The New York Times said Monday that it was suspending Glenn Thrush, one of its most prominent reporters, after he was accused of sexually inappropriate behavior.The move came after the website Vox published a report containing allegations that Thrus...
Updated: 4 hours ago
Forecast: Florida retailers expect high holiday shopping sales

Forecast: Florida retailers expect high holiday shopping sales

Tis the season for holiday shopping, and this year is expected to be particularly kind to retailers. The Florida Retail Federation’s holiday shopping forecast predicts that a combination of high consumer confidence, strong tourism numbers and a littl...
Updated: 5 hours ago
Tampa Electric, contractor fined $43,000 in gas leak

Tampa Electric, contractor fined $43,000 in gas leak

The Occupational Safety and Health Administration fined Tampa Electric $18,108 and gave the company two "serious" citations for its response to a gas leak at the Big Bend Power Station in May, the agency announced late Friday.The May 23 incident invo...
Updated: 6 hours ago
Most air travelers say taking off your shoes is okay. An etiquette expert disagrees

Most air travelers say taking off your shoes is okay. An etiquette expert disagrees

Unless you are ensconced in first class, sleeping on a plane is as intimate as dozing off in a waiting room on jury duty — everyone on the aircraft knows the decibel level of your snoring and the sad state of your socks.To gauge how passengers percei...
Updated: 6 hours ago

Stolen car crashes in St. Pete, leaving passenger, 15, with life threatening injuries

Two boys in a stolen car struck a dip in the roadway and crashed into a tree, leaving the 15-year-old passenger with life-threatening injuries, St. Petersburg police said.The crash occurred about 11:25 a.m. Sunday as the car sped west on 11th Avenue ...
Updated: 8 hours ago

Search suspended for missing Cortez boater who left from Egmont Key

The U.S. Coast Guard suspended its search for a missing 63-year-old boater on Sunday evening, two days after he and his dog were reported missing 5 miles northwest of Mead Point, just inland from Anna Maria Island.On Friday, Fraser Horne of Cortez le...
Published: 11/19/17
Parents, children welcome downsized MOSI in Tampa

Parents, children welcome downsized MOSI in Tampa

TAMPA — Avery, 6, slid his sneakers up the side of 200-pound rubber tire from the space shuttle Columbia and sat on top.His father, Ilder Jeannot, called for him to get off of it — usually climbing on museum displays is frowned upon. But in the new M...
Published: 11/18/17
Updated: 11/19/17
Sunday Conversation: Tona Bell invites customers to enjoy a ‘digital detox’

Sunday Conversation: Tona Bell invites customers to enjoy a ‘digital detox’

Like so many small businesses, Saturday will represent a special day for Paper Seahorse owner Tona Bell. Bell’s cozy bungalow business at 211 S Howard features paper and stationery, specialty pens, vintage typewriters and crafts classes. It will offe...
Published: 11/17/17
Updated: 11/19/17
Florida jobs recover from Irma, unemployment rate drops

Florida jobs recover from Irma, unemployment rate drops

As economists predicted, the tough hit that Florida jobs took from Hurricane Irma was not long-lived. The state added 125,300 jobs in October, almost breaking even from the 127,400 jobs it lost in September. According to state figures released Friday...
Published: 11/17/17
Apple will postpone release of  HomePod

Apple will postpone release of HomePod

The Washington PostApple said Friday that it’s pushing back its plans for a Siri-powered smart speaker until sometime early next year.The HomePod speaker was announced in June, with an initial launch date set for December. Apple said that its smart s...
Published: 11/17/17