CAPITAL - The Salt Lake Tribune http://www.sltrib.com/feeds/topics/CAPITAL News from The Salt Lake Tribune en-us webmaster@sltrib.com (Webmaster) Magnitude-7.2 earthquake shakes Mexican capital http://www.sltrib.com/sltrib/world/57836120-68/mexico-quake-magnitude-7.2.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/world/57836120-68/mexico-quake-magnitude-7.2.csp">Magnitude-7.2 earthquake shakes Mexican capital</a></h4> <span class="author vcard"><span class="fn">By JOSE ANTONIO RIVERA </span></span> <span class="source-org vcard"><span class="org fn"> The Associated Press</span></span> <h5><span class="updated" title="2014-04-18T11:01:58.702-06:00">Updated Apr 18, 2014 11:01AM MDT</span></h5> <div class ="entry-content">Mexico City • A powerful magnitude-7.2 earthquake shook central and southern Mexico on Friday, sending panicked people into the streets, where broken windows and debris fell, but there were no early reports of major damage or casualties. The U.S. Geological Survey said it was centered northwest of the Pacific resort of Acapulco, where many Mexicans are vacationing for the Easter holiday. It was felt across at least a half-dozen states and Mexico’s capital, where it shook for at least 30 seconds....</div> <h5><a rel="item-license" href="#license-578361202014-04-18T11:01:58.702-06:00" id="#license-2014-04-18T11:01:58.702-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 57836120@www.sltrib.com Fri, 18 Apr 2014 11:01:58 MDT Yellen signals more aggressive stance toward banks http://www.sltrib.com/sltrib/money/57821870-79/banks-yellen-financial-fed.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/57821870-79/banks-yellen-financial-fed.html.csp">Yellen signals more aggressive stance toward banks</a></h4> <span class="author vcard"><span class="fn">By MARTIN CRUTSINGER</span></span> <span class="source-org vcard"><span class="org fn"> The Associated Press</span></span> <h5><span class="updated" title="2014-04-15T13:02:28.332-06:00">Updated Apr 15, 2014 01:02PM MDT</span></h5> <div class ="entry-content">Washington • The Federal Reserve may be about to turn more aggressive in its regulation of the financial system. Fed Chair Janet Yellen suggested Tuesday that current regulatory rules might not be enough to prevent the kind of risk-taking that triggered the 2008 financial crisis and nearly toppled the entire banking system. She said the largest U.S. banks may need to hold additional capital to withstand periods of financial stress. Non-banks with deep reaches into the financial system might also...</div> <h5><a rel="item-license" href="#license-578218702014-04-15T13:02:28.332-06:00" id="#license-2014-04-15T13:02:28.332-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 57821870@www.sltrib.com Tue, 15 Apr 2014 13:02:28 MDT Police: Blast in Nigerian capital kills 71 http://www.sltrib.com/sltrib/world/57817524-68/boko-haram-nigeria-islamic.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/world/57817524-68/boko-haram-nigeria-islamic.html.csp">Police: Blast in Nigerian capital kills 71</a></h4> <span class="author vcard"><span class="fn">By BASHIR ADIGUN and MICHELLE FAUL </span></span> <span class="source-org vcard"><span class="org fn"> The Associated Press</span></span> <h5><span class="updated" title="2014-04-14T10:25:50.918-06:00">Updated Apr 14, 2014 10:25AM MDT</span></h5> <div class ="entry-content">Abuja, Nigeria • A massive explosion ripped through a bus station during the morning rush hour in Nigeria’s capital, killing at least 71 people and wounding 124 in a bombing that marked the bloodiest terrorist attack ever in Abuja. President Goodluck Jonathan visited the scene and blamed Boko Haram, an Islamic extremist group which operates in the northeast of Nigeria and which has been threatening to attack Nigeria’s capital. One official said he believed the bomb buried in the earth while the ...</div> <h5><a rel="item-license" href="#license-578175242014-04-14T10:25:50.918-06:00" id="#license-2014-04-14T10:25:50.918-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 57817524@www.sltrib.com Mon, 14 Apr 2014 10:25:50 MDT Obamas paid $98,169 in taxes on income of $481,098 in 2013 http://www.sltrib.com/sltrib/world/57808182-68/income-obamas-tax-paid.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/world/57808182-68/income-obamas-tax-paid.html.csp">Obamas paid $98,169 in taxes on income of $481,098 in 2013</a></h4> <span class="author vcard"><span class="fn">By DARLENE SUPERVILLE</span></span> <span class="source-org vcard"><span class="org fn"> The Associated Press</span></span> <h5><span class="updated" title="2014-04-11T16:53:59.951-06:00">Updated Apr 11, 2014 04:53PM MDT</span></h5> <div class ="entry-content">Washington • President Barack Obama and Michelle Obama paid $98,169 in taxes on $481,098 income last year, tax returns the White House released Friday show. They paid an effective federal income tax rate of 20.4 percent and donated significantly less to charity than they did the year before. The 42-page document, which included the couple’s Illinois state income tax return, shows the Obamas reported donating $59,251 to 32 charities, which helped lower their overall tax bill. The nearly $60,000 i...</div> <h5><a rel="item-license" href="#license-578081822014-04-11T16:53:59.951-06:00" id="#license-2014-04-11T16:53:59.951-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 57808182@www.sltrib.com Fri, 11 Apr 2014 16:53:59 MDT Regulators act to require stronger bank capital http://www.sltrib.com/sltrib/money/57792232-79/banks-financial-capital-crisis.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/57792232-79/banks-financial-capital-crisis.html.csp">Regulators act to require stronger bank capital</a></h4> <span class="author vcard"><span class="fn">By MARCY GORDON</span></span> <span class="source-org vcard"><span class="org fn"> The Associated Press</span></span> <h5><span class="updated" title="2014-04-08T16:14:01.728-06:00">Updated Apr 8, 2014 04:14PM MDT</span></h5> <div class ="entry-content">Washington • Regulators are acting to require U.S. banks to build a sturdier financial base to lessen the risk that they could collapse and cause a global meltdown. The eight biggest banks will have to meet stricter measures for holding capital — money that provides a cushion against unexpected losses — under a rule that regulators adopted Tuesday. The Federal Reserve, the Federal Deposit Insurance Corp. and the Treasury’s Office of the Comptroller of the Currency voted separately to require th...</div> <h5><a rel="item-license" href="#license-577922322014-04-08T16:14:01.728-06:00" id="#license-2014-04-08T16:14:01.728-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 57792232@www.sltrib.com Tue, 08 Apr 2014 16:14:01 MDT Jury rules Orem real estate investor not guilty of fraud http://www.sltrib.com/sltrib/money/57755095-79/koerber-vaughn-investors-estate.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/57755095-79/koerber-vaughn-investors-estate.html.csp">Jury rules Orem real estate investor not guilty of fraud</a></h4> <span class="author vcard"><span class="fn">By Tom harvey</span></span> <span class="source-org vcard"><span class="org fn"> The Salt Lake Tribune</span></span> <h5><span class="updated" title="2014-03-31T22:46:44.01-06:00">Updated Mar 31, 2014 10:46PM MDT</span></h5> <div class ="entry-content">A jury late Monday found an Orem man not guilty of fraud-related charges involving an associate of Rick Koerber, the real estate guru who took in $100 million in investments before his Provo-based empire crashed in 2007. The federal court jury heard final arguments at the end of a five-day trial during which Jason Vaughn, former chief instructor for Koerber’s real estate investment seminars, took the stand and said he relied completely on assurances from Koerber that the investments were safe ...</div> <h5><a rel="item-license" href="http://www.sltrib.com/pages/privacy"> Copyright 2013 The Salt Lake Tribune. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 57755095@www.sltrib.com Mon, 31 Mar 2014 22:46:44 MDT Zions Bancorp fails fed test in the event of economic downturn http://www.sltrib.com/sltrib/money/57723021-79/zions-business-financial-test.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/57723021-79/zions-business-financial-test.html.csp">Zions Bancorp fails fed test in the event of economic downturn</a></h4> <span class="author vcard"><span class="fn">By Vince Horiuchi</span></span> <span class="source-org vcard"><span class="org fn"> The Salt Lake Tribune</span></span> <h5><span class="updated" title="2014-03-24T22:16:57.784-06:00">Updated Mar 24, 2014 10:16PM MDT</span></h5> <div class ="entry-content">Utah’s Zions Bancorp was the only major U.S. financial institution to fall below the Federal Reserve’s minimum capital level under its annual stress test, meaning the bank would not have enough capital to satisfy its loans under a severe economic downturn. In the new results released last week, Zions had a 3.6 percent Tier 1 common ratio, which measures the high-quality capital as a share of risk-weighted assets or the overall health of the institution. The Federal Reserve has a minimum allowan...</div> <h5><a rel="item-license" href="http://www.sltrib.com/pages/privacy"> Copyright 2013 The Salt Lake Tribune. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 57723021@www.sltrib.com Mon, 24 Mar 2014 22:16:57 MDT Krugman: The dominance of wealth over work http://www.sltrib.com/sltrib/opinion/57722823-82/income-wealth-percent-capital.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/opinion/57722823-82/income-wealth-percent-capital.html.csp">Krugman: The dominance of wealth over work</a></h4> <span class="author vcard"><span class="fn">By PAUL KRUGMAN</span></span> <span class="author vcard"><span class="fn"> The New York Times</span></span> <h5><span class="updated" title="2014-03-24T16:50:01.708-06:00">Updated Mar 24, 2014 04:50PM MDT</span></h5> <div class ="entry-content">It seems safe to say that “Capital in the Twenty-First Century,” the magnum opus of the French economist Thomas Piketty, will be the most important economics book of the year — and maybe of the decade. Piketty, arguably the world’s leading expert on income and wealth inequality, does more than document the growing concentration of income in the hands of a small economic elite. He also makes a powerful case that we’re on the way back to “patrimonial capitalism,” in which the commanding heights of...</div> <h5><a rel="item-license" href="http://www.sltrib.com/pages/privacy"> Copyright 2013 The Salt Lake Tribune. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 57722823@www.sltrib.com Mon, 24 Mar 2014 16:50:01 MDT Early gain fades on Wall Street in afternoon trading http://www.sltrib.com/sltrib/money/57712279-79/percent-fell-late-stocks.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/57712279-79/percent-fell-late-stocks.html.csp">Early gain fades on Wall Street in afternoon trading</a></h4> <span class="author source-org vcard"><span class="org fn">The Associated Press</span></span> <h5><span class="updated" title="2014-03-21T13:17:17.403-06:00">Updated Mar 21, 2014 01:17PM MDT</span></h5> <div class ="entry-content">New York • An early gain on the stock market was mostly gone Friday afternoon, weighed down by biotechnology companies. Symantec plunged after abruptly firing its CEO late Thursday, and Nike fell after warning of softer sales. KEEPING SCORE: The Standard & Poor’s 500 fell three points, or 0.2 percent, to 1,869 as of 2:47 p.m. Eastern time. It traded as high as 1,882 earlier, four points above its most recent record high close on March 7. The Dow Jones industrial average edged up 18 points, or 0....</div> <h5><a rel="item-license" href="#license-577122792014-03-21T13:17:17.403-06:00" id="#license-2014-03-21T13:17:17.403-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 57712279@www.sltrib.com Fri, 21 Mar 2014 13:17:17 MDT Bloomberg: If Fed’s stress tests were real, most big banks would fail http://www.sltrib.com/sltrib/opinion/57707727-82/banks-stress-tests-fed.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/opinion/57707727-82/banks-stress-tests-fed.html.csp">Bloomberg: If Fed’s stress tests were real, most big banks would fail</a></h4> <span class="author vcard"><span class="fn">From Bloomberg View</span></span> <h5><span class="updated" title="2014-03-20T11:04:02.02-06:00">Updated Mar 20, 2014 11:04AM MDT</span></h5> <div class ="entry-content">The following editorial appears on Bloomberg View: This week, the Federal Reserve will present the results of stress tests designed to ensure that the largest U.S. banks won’t turn the next financial crisis into an economic disaster. There’s just one problem: If the tests were realistic, most of the banks would fail. Previous stress tests helped to restore confidence in the U.S. banking sector after it almost collapsed in 2008. The idea is to show what would happen to standard measures of financ...</div> <h5><a rel="item-license" href="http://www.sltrib.com/pages/privacy"> Copyright 2013 The Salt Lake Tribune. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 57707727@www.sltrib.com Thu, 20 Mar 2014 11:04:02 MDT Bloomberg View: Justice demands an end to capital punishment http://www.sltrib.com/sltrib/opinion/57591438-82/death-penalty-punishment-capital.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/opinion/57591438-82/death-penalty-punishment-capital.html.csp">Bloomberg View: Justice demands an end to capital punishment</a></h4> <span class="author vcard"><span class="fn">From Bloomberg view</span></span> <h5><span class="updated" title="2014-02-24T11:05:01.84-06:00">Updated Feb 24, 2014 11:05AM MDT</span></h5> <div class ="entry-content">A grisly new consideration may start a necessary debate over capital punishment in the United States, which is unique among advanced nations in its use of the death penalty. The distinction isn’t one to be proud of and should be brought to an end. Since the 1980s, the use of lethal injection has made executions seem a little more clinical and a little less barbaric. But recently pharmaceutical companies have refused to supply some of the fatal drugs, and some executions have raised doubts that t...</div> <h5><a rel="item-license" href="http://www.sltrib.com/pages/privacy"> Copyright 2013 The Salt Lake Tribune. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 57591438@www.sltrib.com Mon, 24 Feb 2014 11:05:01 MDT Europe’s hostility to capital punishment at root of U.S. execution drug shortage http://www.sltrib.com/sltrib/world/57561395-68/death-execution-drug-penalty.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/world/57561395-68/death-execution-drug-penalty.html.csp">Europe’s hostility to capital punishment at root of U.S. execution drug shortage</a></h4> <span class="author vcard"><span class="fn">By JUERGEN BAETZ</span></span> <span class="source-org vcard"><span class="org fn"> The Associated Press</span></span> <h5><span class="updated" title="2014-02-18T18:51:06.814-06:00">Updated Feb 18, 2014 06:51PM MDT</span></h5> <div class ="entry-content">Brussels • There’s one big reason the United States has a dearth of execution drugs so acute that some states are considering solutions such as firing squads and gas chambers: Europe won’t allow the drugs to be exported because of its fierce hostility to capital punishment. The phenomenon started nine years ago when the EU banned the export of products used for execution, citing its goal to be the “leading institutional actor and largest donor to the fight against the death penalty.” But beefed ...</div> <h5><a rel="item-license" href="#license-575613952014-02-18T18:51:06.814-06:00" id="#license-2014-02-18T18:51:06.814-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 57561395@www.sltrib.com Tue, 18 Feb 2014 18:51:06 MDT