DIRS.INFO The most relevant business & tech news

☆ U.S. prints its first-ever currency with two women's signatures on them
▼ + stars: | 2022-12-08 | by ( ) www.nbcnews.com time to read: +3 min

U.S. Treasury Secretary Janet Yellen will honor fellow pioneers when she presides over Thursday’s unveiling of the first U.S. banknotes printed with two women’s signatures, while calling for “much more” work to advance equity for women and minorities. The Fort Worth facility — one of two in the United States — prints over 50% of U.S. paper currency each year. “We’ve made progress in providing greater economic opportunity for women at Treasury and in the economics profession. It means a lot to me and my colleagues that she will be the first female Treasury secretary with her signature on the dollar note,” she said. “It represents that we are finally getting the insight from important parts of our economy and our society,” she said.

☆ Yellen sees her signature printed on US bills for the first time
▼ + stars: | 2022-12-08 | by ( Betsy Klein | ) edition.cnn.com time to read: +4 min

Yellen became the latest Treasury secretary to sign US currency and the first woman Treasury secretary to have her signature on a US banknote. It’s been tradition for more than a century that both the US treasurer and the Treasury secretary sign currency to make the bills legal tender. The newly printed bills feature the signatures of “Lynn Roberge Malerba” and “Janet L. Yellen,” both written in clear, legible script. U.S. Treasury Secretary Janet Yellen and U.S. Treasury Chief Lynn Malerba sign banknotes. Currency, Yellen said, “plays a critical role in our economy” but also “has a deeper social purpose.”“Currency is something we use and we touch every day.

☆ E.U. warns Musk to beef up Twitter controls ahead of new rules
▼ + stars: | 2022-12-01 | by ( Associated Press | ) www.nbcnews.com time to read: +5 min

Musk has signaled an interest in rolling back many of Twitter’s previous rules meant to combat misinformation, most recently by abandoning enforcement of its COVID-19 misinformation policy. He already reinstated some high-profile accounts that had violated Twitter’s content rules and had promised a “general amnesty” restoring most suspended accounts starting this week. Along with European regulators, Musk risks running afoul of Apple and Google, which power most of the world’s smartphones. Meanwhile, U.S. Treasury Secretary Janet Yellen walked back her statements about whether Musk’s purchase of Twitter warrants government review. She declined to confirm whether CFIUS is currently investigating Musk’s Twitter purchase.

BALI, Indonesia — Treasury Secretary Janet Yellen said she expects inflation will recede to normal levels over the next two years, down from near-four-decade highs. Consumer price increases eased to 7.7% last month, in what could be an early sign that inflation is subsiding. On a monthly basis, inflation rose by 0.4%, the same as in September. President Joe Biden at the time lauded the report as “progress” in the effort to wrangle price growth. “It will take time to get inflation back to normal levels — and we could see setbacks along the way — but we will keep at it and help families with the cost of living,” he said.

☆ U.S. Treasury proposes climate data collection rule for insurers
▼ + stars: | 2022-10-18 | by ( ) www.reuters.com time to read: +2 min

Destroyed buildings are seen after Hurricane Ian caused widespread destruction, in Fort Myers Beach, Florida, U.S., October 4, 2022. The Treasury's Federal Insurance Office said in a Federal Register notice that it was seeking public comment on the proposal, under which it would collect current and historical underwriting data on homeowners’ insurance. The zip-code level data would provide the insurance office with "consistent, granular, and comparable insurance data needed to help assess the potential for major disruptions of private insurance coverage in regions of the country that are particularly vulnerable to the impacts of climate change." Treasury said the proposed data collection rule would help the Federal Insurance Office to assess both the availability of insurance for millions of Americans as well as the affordability of such insurance. “Today’s action by the Federal Insurance Office is an important step in determining how Americans are being affected by the increasing costs of climate change,” Yellen said in a statement.

Search resuls for: "” Yellen"

5 mentions found