Month: January 2021

Toys R Us retrenches again, shutters its last 2 US stores

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Toys R Us retrenches again, shutters its last 2 US stores

Toys R Us is retrenching once again. The only two Toys R Us stores that opened in November 2019 as part of a small U.S. comeback attempt by the iconic toy chain have now closed. The Toys R Us store at the Galleria mall in Houston shuttered on Jan. 15, while one at the Garden State Plaza in Paramus, New Jersey, closed on Tuesday, according Tru Kids, a new entity formed when it acquired Toys R Us’ intellectual property during its liquidation in 2018.

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Black Lives Matter movement nominated for Nobel peace prize

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Black Lives Matter movement nominated for Nobel peace prize

The Black Lives Matter movement has been nominated for the 2021 Nobel Peace Prize following a year in which protests demanding racial justice exploded across the world.

Norwegian MP Petter Eide said in his nomination papers that the movement had forced countries other than the US to face up to racism within their own societies.

“I find that one of the key challenges we have seen in America, but also in Europe and Asia, is the kind of increasing conflict based on inequality,” Mr Eide said, according to The Guardian.

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Lawmakers Take Aim at Insidious Digital ‘Dark Patterns’

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Lawmakers Take Aim at Insidious Digital ‘Dark Patterns’

A new California law prohibits efforts to trick consumers into handing over data or money. A bill in Washington state copies the language. “agreement obtained through use of dark patterns does not constitute consent.”

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What if a clearinghouse fails?

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What if a clearinghouse fails?

The new clearing requirements were one of the more widely applauded features of the 2010 Dodd-Frank Act. With good reason. Prior to the Great Recession, most derivatives transactions were unregulated and undisclosed. Under the Dodd-Frank Act, clearinghouses now guaranty many swaps by serving as a buyer to every seller and a seller to every buyer. If one of these buyers or sellers fails, the clearinghouse can step into the gap, thus limiting the risk that the failure will interfere with the financial markets.

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