Slate News Slate Money | Is Bribery Back?
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Feb 15, 2025 The discussion kicks off with Trump's controversial suspension of the Foreign Corrupt Practices Act and its implications for bribery. They dive into FEMA's alarming fund transfer in New York City, raising questions about public trust in government financial moves. Inflation takes center stage, particularly the surprising surge in egg prices, linked to a bird flu outbreak. The hosts reflect humorously on urban farming trends amid economic instability, while also celebrating female representation in cinema and examining shifts in cultural norms across various fields.
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FCPA Suspension
- Trump suspended enforcement of the Foreign Corrupt Practices Act (FCPA).
- This raises concerns about increased bribery and corruption in international business.
Trump's History with the FCPA
- Trump expressed dislike for the FCPA in 2012 while pursuing a hotel project in Azerbaijan.
- Jeff Sessions, Trump's former attorney general, enforced the act strongly.
FCPA and Competitiveness
- Trump claims the FCPA hurts American businesses' competitiveness.
- However, the FCPA applies to foreign companies as well, creating a level playing field.