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Yellen: Don't water down post-crisis rules

Yellen: Don't water down post-crisis rules

Business
The world's most powerful central banker has warned against watering down regulations put in place following the financial crisis.Janet Yellen, chair of the US Federal Reserve, said rule changes had made the system "undoubtedly safer".She insisted there was no evidence that regulatory changes had either acted as a drag on economic growth or hindered the ability of banks to lend.Her comments will be seen as a warning to the White House not to water down regulations put in place after the crisis.Many Republican politicians have been urging a loosening in regulations, in particular the Dodd-Frank Act, which became law in 2010 and which aimed to protect consumers by ensuring no bank could be "too big to fail".Speaking at the annual gathering of central bankers at Jackson Hole, Wyoming, Ms Yell...
These good-paying jobs don't require a bachelor's degree

These good-paying jobs don't require a bachelor's degree

Finance
For many Americans, well-paying jobs that don't require at least four years of college can seem scarce.The median annual income for workers with an associate's degree, which generally takes two years to complete, is $ 42,590, according to 2016 data from the Bureau of Labor Statistics. People with a high school diploma bring in $ 35,990 annually; non-diploma workers have even lower earnings at $ 26,210.All of those salaries are below the median weekly pay for the nation's 113.4 million full-time workers: As of June 30 of this year, that was $ 859, which translates into $ 44,668 annually.By comparison, a bachelor's degree, which typically takes four years to complete, comes with a median annual salary of $ 60,110. Advanced degrees often bring even more.And while Census Bureau data released e...
Study: Obese don't have to lose weight before joint replacement

Study: Obese don't have to lose weight before joint replacement

Health
MONDAY, July 24, 2017 -- Obese patients don't need to lose weight before undergoing knee or hip replacement surgery, a new study contends."Severely obese patients can benefit a lot from the surgery," said study lead author Wenjun Li, an associate professor of medicine at the University of Massachusetts Medical School."Patients who can lose weight should, but we acknowledge many people can't, or it will take a long time during which their joints will worsen. If they can get the surgery earlier, once function is restored they can better address obesity," Li said in a university news release.For the study, researchers examined the outcomes of more than 2,000 patients who had total hip replacement and just under 3,000 who had total knee replacement in the United States between May 2011 and Mar...