Slate Money Is Bribery Back?
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Feb 15, 2025 The discussion kicks off with Trump's suspension of the Foreign Corrupt Practices Act, raising eyebrows about its global impact on corruption. Then, they dive into Elon Musk's controversial move to take FEMA funds from NYC, questioning its legality and implications. Inflation takes center stage, especially the skyrocketing prices of eggs, leading to humorous anecdotes and the complexities of consumer economics. The team wraps up by exploring trends in financial safety, reflecting on the evolving landscape of banking and government spending.
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Trump Pauses FCPA Enforcement
- Donald Trump paused enforcement of the Foreign Corrupt Practices Act (FCPA).
- This action raises concerns about increased bribery and corruption.
Trump's History with the FCPA
- Trump previously expressed dislike for the FCPA, especially during his attempt to build a hotel in Baku.
- Jeff Sessions, his former attorney general, enforced it more strongly.
FCPA's Impact on Competition
- Trump claims the FCPA hurts American companies' competitiveness.
- However, the FCPA applies to foreign companies too, leading to large fines for companies like Siemens and Airbus.