06-19-2018  3:04 pm      •     
The Skanner Report
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NEWS BRIEFS

Community Forum: How Does Law Enforcement Interact With Vulnerable Populations?

Forum will focus on public safety and examine mental health and addiction issues ...

King County Council Recognizes Juneteenth

The Metropolitan King County Council recognizes a true 'freedom day' in the United States ...

Unite Oregon Hosts ‘Mourn Pray Love, and Take Action’ June 20

Community is invited to gather at Terry Schrunk Plaza at 6 p.m. on World Refugee Day ...

MRG Foundation Announces Spring 2018 Grantees

Recipients include Oregon DACA Coalition, Kúkátónón Children’s African Dance Troupe, Komemma Cultural Protection Association ...

CareOregon Awards $250,000 for Housing Projects

Recipients include Rogue Retreat, Bridges to Change, Luke Dorf, Transition Projects and Bridge Meadows ...

Colorado to adopt California's stricter car pollution rules

DENVER (AP) — Colorado's governor on Tuesday ordered his state to adopt California's vehicle pollution rules, joining other states in resisting the Trump administration's plans to ease up on emission standards.Democratic Gov. John Hickenlooper told state regulators begin writing rules that...

Protesters on round-the-clock vigil at Oregon ICE facility

PORTLAND, Ore. (AP) — A small group of protesters has set up camp outside the Portland, Oregon headquarters of the U.S. Immigration and Customs Enforcement to protest the Trump administration's policy of separating families after illegal border crossings.About two dozen protesters gathered...

Colorado to adopt California's stricter car pollution rules

DENVER (AP) — Colorado's governor on Tuesday ordered his state to adopt California's vehicle pollution rules, joining other states in resisting the Trump administration's plans to ease up on emission standards.Democratic Gov. John Hickenlooper told state regulators begin writing rules that...

Plan to remove goats from Olympics to begin this summer

PORT ANGELES, Wash. (AP) — Park officials plan this summer to begin relocating hundreds of mountain goats from Olympic National Park while killing others.The National Park Service on Tuesday said it finalized a plan to remove about 675 mountain goats that have long posed an ecological...

OPINION

Juneteenth: Freedom's Promise Still Denied

Juneteenth is a celebration of the de facto end of slavery, but the proliferation of incarceration keeps liberation unfulfilled ...

What Happened? Assessing the Singapore Summit

For all its weaknesses, we are better off having had the summit than not ...

Redlining Settlement Fails to Provide Strong Penalties

A recent settlement of a federal redlining lawsuit is yet another sign that justice is still being denied ...

5 Lessons on Peace I Learned from My Cat Soleil

Dr. Jasmine Streeter takes some cues on comfort from her cat ...

AFRICAN AMERICANS IN THE NEWS

Bucks' Sterling Brown sues Milwaukee over stun-gun arrest

MILWAUKEE (AP) — Milwaukee Bucks guard Sterling Brown sued the city of Milwaukee and its police department Tuesday, saying officers' use of a stun gun during his arrest for a parking violation constitutes excessive force and that they targeted him because he is black.Brown's attorney Mark...

Lawsuit claims Kansas official exposed private voter data

WICHITA, Kan. (AP) — A civil rights group filed a federal lawsuit Tuesday against Kansas Secretary of State Kris Kobach challenging a multi-state voter registration database it claims exposed sensitive information including partial Social Security numbers from nearly a thousand state...

California lawmakers push diversity through film tax credit

SACRAMENTO, Calif. (AP) — California lawmakers passed legislation Monday that puts more conditions on state film tax credits to encourage better sexual harassment reporting and diverse hiring amid revelations of misconduct and discrimination in the movie industry.The legislation would...

ENTERTAINMENT

CBS' '60 Minutes' gathers audience week by week

NEW YORK (AP) — The newsmagazine "60 Minutes" was not television's most popular program this year, but for the 11th consecutive season it had more people who watched at least once during the year than any other non-sports show on TV.The Nielsen company's cumulative measurement of programs...

Film Review: 'The King' is guilty of an Elvis crime- excess

It's usually a bad sign when critics start questioning your film before it's even finished. But director Eugene Jarecki had to endure worse. While making the documentary "The King," he actually got gruff from a member of his own film crew.After a car breaks down, Jarecki takes the opportunity to...

Birthplace of singer, activist Nina Simone to be preserved

TRYON, N.C. (AP) — The dilapidated wooden cottage in North Carolina that was the birthplace of singer and civil rights activist Nina Simone now has the protection of the National Trust for Historic Preservation.The trust said in a news release Tuesday that it will develop and find a new use...

U.S. & WORLD NEWS

Lawyer: Police think slaying of XXXTentacion was random

DEERFIELD BEACH, Fla. (AP) — The lawyer for slain rapper XXXTentacion said Tuesday that detectives believe...

Trump raises risk of economically harmful US-China trade war

WASHINGTON (AP) — The United States and China edged closer Tuesday to triggering the riskiest trade war in...

Meat 2.0? Clean meat? Spat shows the power of food wording

NEW YORK (AP) — If meat is grown in a lab without slaughtering animals, what should it be called?That...

Merkel says climate change is 'a fact,' laments US stance

BERLIN (AP) — German Chancellor Angela Merkel took aim Tuesday at U.S. President Donald Trump's decision to...

Blurring the border, Turkey deepens roots in northern Syria

AL-BAB, Syria (AP) — A newly paved road links the Turkish town of Elbeyli to the Syrian town of al-Bab,...

London police say short circuit caused minor subway blast

LONDON (AP) — A battery short circuit caused a small explosion at a London Underground station that injured...

Marcy Gordon AP Business Writer

WASHINGTON (AP) -- The largest banks must show how they would break up their assets if they were in danger of failing, under a rule approved Tuesday.

The Federal Deposit Insurance Corp. voted to require banks with $50 billion or more in assets to submit so-called living wills. Seven banks with more than $250 billion in assets will have to show their plans by July. The other 30 affected by the rule have until 2013.

The FDIC also proposed a separate rule that would require banks with more than $10 billion in assets to conduct annual stress tests.

The tests show how each bank is positioned to handle worsening economic conditions, such as increasing unemployment and falling home prices. The regulator put the rule out for public comment and is expected to finalize it by July. It will affect roughly 190 banks.

Both rules were mandated under the 2010 financial overhaul.

By requiring banks to have living wills, the government is trying to reduce the need for another Wall Street bailout like the one that took place during the 2008 financial crisis. The 37 banks affected by the rule hold roughly $4.1 trillion in insured deposits, or about 61 percent of U.S. insured deposits as of Sept. 30, 2011.

The largest include JPMorgan Chase Bank, Bank of America, Citibank, Wells Fargo Bank, U.S. Bank, PNC Bank and Bank of New York Mellon.

Annual stress tests help the government monitor the financial strength of banks. The 19 largest U.S. banks already undergo annual stress tests, which are conducted by the Federal Reserve. The proposed stress tests would be in addition to those.

Under the proposal, the banks would be required to submit reports on the results of their stress tests to regulators and to publish a summary of the results.

The results show whether banks have enough cash and cash-like securities on their balance sheets to offset potential losses from risky loans. And they also show whether a bank is in position to withstand an economic downturn.

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