Wednesday, January 17, 2018
Business

Wall Street, big banks hurt mainstream Americans, survey finds

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
Career Q&A: What to do when your boss is stealing

Career Q&A: What to do when your boss is stealing

Q: I strongly suspect that my boss is stealing from our employer. As the property manager for this apartment complex, she handles all payments, deposits and other financial matters.A few weeks ago, I accidentally discovered some suspicious discrepanc...
Updated: 9 hours ago
Pinellas is at the center of a rise in Florida flu outbreaks

Pinellas is at the center of a rise in Florida flu outbreaks

Feeling a little sniffly or scratchy or stuffed up? It may be the flu, and you don’t want to wait around to see a doctor this year. This is not the time to write off flu-like symptoms, Tampa Bay area health officials and doctors warn. The influenza v...
Published: 01/16/18
Italian Butterfingers? Nestle selling candy business for $2.9B

Italian Butterfingers? Nestle selling candy business for $2.9B

Associated PressNEW YORK — Swiss food and drink giant Nestle is selling its U.S. candy business to Italy’s Ferrero for about $2.9 billion in cash. Ferrero will take over iconic chocolate brands Butterfinger and Crunch bars, as well as the sugary Nerd...
Published: 01/16/18
23 seek vacant PSC post

23 seek vacant PSC post

There is another Mariano seeking a job in Tallahassee.Pasco County Commissioner Jack Mariano, the father of state Rep. Amber Mariano, R-Hudson, is seeking an appointment to the Florida Public Service Commission, the powerful board regulating Florida ...
Published: 01/16/18
St. Petersburg’s apartment boom is spreading west

St. Petersburg’s apartment boom is spreading west

ST. PETERSBURG — Still more apartments are coming to St. Petersburg, this time to the Edge and Grand Central Districts just west of downtown. The new projects, all by out-of-state developers and more moderately priced than those downtown, will...
Published: 01/16/18
Florida raises insurance regulation grade from C to B

Florida raises insurance regulation grade from C to B

When it comes to regulating insurance, Florida is slowly improving. The Sunshine State raised its grade from a C in 2016 to a B in 2017 on the "R Street 2017 Insurance Regulation Report Card." It ranked No. 15 among all states.The annual report, writ...
Published: 01/16/18

US travel industry launches plan to reverse tourism decline

Associated PressNEW YORK — Travel industry representatives sounded an alarm Tuesday over declines in international tourism to the U.S. and announced plans to reverse the trend. Organizers of the new Visit U.S. Coalition portrayed the decline as long-...
Published: 01/16/18
Raymond James advice for small to mid-sized companies about activist shareholders? Prepare and listen

Raymond James advice for small to mid-sized companies about activist shareholders? Prepare and listen

Shareholder fights between activist investors and publicly traded companies are getting nastier, especially in some industries, and a lot of them don’t involve corporate giants like General Motors and Procter & Gamble.In 2015, according to Raymond Ja...
Published: 01/16/18
Dow bursts through 26,000 in record seven trading days

Dow bursts through 26,000 in record seven trading days

The Dow Jones industrial average blew past 26,000 Tuesday for the first time ever, coming only a week after hitting 25,000 and showing further evidence that the long-running bull market is alive and well."There are several reasons for markets to melt...
Published: 01/16/18
Arizona-based AFI Mortgage opens St. Petersburg branch

Arizona-based AFI Mortgage opens St. Petersburg branch

Times StaffAFI Mortgage, a subsidiary of an Arizona-based bank, is opening its first Florida locations in St. Petersburg and Lakeland. Its parent company, AmeriFirst Financial Inc., specializes in mortgages. "This Florida team is innovative, knowledg...
Published: 01/16/18