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The Latest Breaking News from Federal

Super funds should use their substantial holdings for public good

Last month Federal Treasurer Jim Chalmers unveiled the National Housing Accord, intended to build a million new homes in Australia. Part of the plan is to encourage superannuation funds to invest in social and affordable housing.

The Conversation

Biden Administration to Require Federal Contractors to Report and Reduce Greenhouse Gas Emissions

A new proposed regulation may test the limits of the Executive Branch's authority to impose regulatory requirements on federal contractors.

Reason

Credit card interest rates soar to the highest they’ve been in 30 years

Driven by continual Federal Reserve rate increases, credit card APRs have hit 19.04%.

Fortune

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Gov. Gavin Newsom Seeks Interstate Cannabis Trade: Could California Supply The Nation?

In September, during the Oakland International Film Festival, Governor Gavin Newsom (D) talked about the benefits of Federal legalization for California growers, who could potentially supply the nation with premium legal cannabis.

Benzinga

Federal Judge Criticizes SEC "No-Admit-No-Deny Provisions" in Enforcement Action Settlements

From SEC v. Moraes, decided today by Judge Ronnie Abrams (S.D.N.Y.): In its normal practice of settling enforcement actions, the SEC routinely demands that defendants sacrifice the ability to ever deny the allegations against them—indefinitely silencing them from speech otherwise protected by the First Amendment. The threat held over the…

Reason

Editorial: End of the line: The city has had its chance to fix Rikers. It has failed

Friday, Federal Monitor Steve Martin will submit his latest report on the situation at the ignominious Rikers Island complex. It will come just over four months after Manhattan Federal Judge Laura Taylor Swain ordered the city to put into practice an action plan to address the consistent threat to the…

Tribune News Service

Budget 2022: Treasurer details budget in Press Club speech, after yearly inflation hits highest point since 1990 — as it happened

The government warns of tough times ahead for families after delivering its first budget, with Treasurer Jim Chalmers saying inflation "will get worse before it gets better."

ABC News

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What's in the so-called Don't Say Gay bill that could impact the whole country

If the bill were to become law, it could affect not only schools but also programs, events and literature at any federally-funded institution. But its prospects are dim for now.

WEKU

2 Internet Stocks You'd Be Better off Buying Than Amazon

The stock market has been witnessing wild swings amid the consecutive Federal rate hikes. E-commerce giant Amazon (AMZN) lost more than 30% in 2022. Moreover, its bottom-line position looks concerning. However, investors looking to invest in internet stocks could consider buying TripAdvisor (TRIP) and Yelp (YELP) instead, which have outperformed…

StockNews.com

National Rental Affordability Scheme's end prompting homelessness fears for single mother

As a federal rental subsidy program winds down and social housing applications triple, Melanie says she sees no option for her and her two children but to move into her car.

ABC News

Extreme Winter Tire Test Compares Studless Ice Tires In All Conditions

Ice tires with studs and moderate winter tires are also evaluated for comparison.

Motor1

A Federal Judge Rejects New York's Attempt To Defy the SCOTUS Decision Upholding the Right To Bear Arms

The decision is a warning to states that impose vague permit standards or sweeping bans on guns in "sensitive locations."

Reason

Kenyatta, Obasanjo to broker AU peace talks with Ethiopia and Tigray

Former Kenyan president Uhuru Kenyatta will be heading to South Africa to join Nigerian counterpart Olusegun Obasanjo on Sunday as mediators for African Union-brokered peace talks between the Federal government of Ethiopia and Tigray representatives.

Radio France Internationale

Jan. 6 riot defendant from Northern California wants out of DC jail, citing mental decline

SACRAMENTO, Calif. — A week after rejecting a plea agreement from federal prosecutors, accused Jan. 6 rioter Sean Michael McHugh is asking a judge to release him from custody pending trial because his mental health is deteriorating and he is facing abuse inside a Washington, D.C., jail.

Tribune News Service

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Chicago Sun-Times

Key figure accused of embezzling from failed Bridgeport bank lost $1 million at casinos, sources say

Authorities are trying to determine whether the money Marek Matczuk lost gambling came from the millions he never repaid Washington Federal Bank for Savings.

Manchester Evening News

The new restaurants opening in Manchester in October

Times are tough out there, but the restaurant scene in Manchester won't be cowed

Reason

Bill Introduced To Bring Independent Oversight to Federal Prison System

The Federal Prison Oversight Act would create an independent ombudsman to investigate complaints about the Bureau of Prisons, something prison advocacy groups have long called for.

The Independent UK

Senators push new oversight to combat federal prison crises

A bipartisan group of U.S. senators introduced legislation Wednesday to overhaul oversight and bring greater transparency to the crisis-plagued federal Bureau of Prisons

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Reuters

Cops on Brazil's campaign trail call for backup as violence spikes

The day after a Workers Party (PT) official was shot dead by a supporter of far-right Brazilian President Jair Bolsonaro in July, the Federal Police guarding his leftist campaign rival sent a classified memo to senior colleagues across Brazil.

The Canberra Times

Why is the price of fuel going back up, yet again?

It's estimated that around $500 million in federal fuel excise revenue was lost for every month the cut was in place.

WEKU

Trump and his lawyers keep ghosts of Nixon and Watergate alive and haunting

When it mattered most, Nixon and his crew found that people who might have been political allies in the past were not especially sympathetic to his case.

Manchester Evening News

Coffee shop with queues down the street to open new Manchester city centre site

Federal will set up shop at Circle Square in the autumn

Reason

Federal Money Intended for Zoning Reformers Ends Up in NIMBY Clutches

The White House is giving $1.5 billion in INFRA grants to entities that either don't approve new housing or are actively opposed to making it easier to build.

Reason

Federal Judges Uphold Texas Law Regulating What Social Media Platforms May Censor

It’s a terrible ruling that misunderstands years of First Amendment precedents. And it’s increasingly likely that the Supreme Court will have to intervene.

The Canberra Times

Diesel cars get the flick in Fed govt's electric vehicle transition

Federal government pushes ahead with changing its fleet to electric vehicles

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