Latest news with #Governor
LBCI
6 hours ago
- Business
- LBCI
Lebanon's banking association welcomes central bank decision enforcing equal treatment of depositors
The Association of Banks in Lebanon (ABL) on Wednesday expressed strong support for the central bank's new decision requiring all banks operating in Lebanon to strictly adhere to the principle of equal treatment of depositors. The statement came in response to Decision No. 13729, issued on July 1, 2025, under Circular No. 169 by the Governor of the Banque du Liban (BDL). The decision instructs banks to comply fully with equality principles set out in the central bank's circulars—measures that, according to BDL, aim to safeguard all depositors' rights pending a broader financial solution currently under development in coordination with relevant authorities. ABL welcomed the move, describing it not as a mechanism to shield banks—as alleged by critics—but rather as a protective step for all depositors, without discrimination or favoritism based on individual financial standing or influence. The association further described the decision as the first concrete step toward justice and equality in the context of Lebanon's ongoing systemic financial crisis.
Bloomberg
6 hours ago
- Business
- Bloomberg
Massachusetts to Follow NYC in Making Landlords Pay Broker Fees
Massachusetts renters are poised to get some relief from onerous broker fees under a provision tucked into the 2026 spending package that Governor Maura Healey has pledged to sign. Broker fees are typically equal to one month's rent, which can swell upfront costs for a new apartment to as much as $10,000 after also accounting for security deposits and requirements to prepay the first and last month of the lease, according to the governor's office. The Massachusetts law formally shifts responsibility for paying for brokers to the person who hired them — in most cases the landlord.
Yahoo
7 hours ago
- Business
- Yahoo
Right to repair bill in Texas has been signed into law after winning by a landslide victory, with not a single vote against it
When you buy through links on our articles, Future and its syndication partners may earn a commission. Over the course of the weekend just gone, a new bill was signed by the Governor of Texas. Hardly newsworthy, of course, but the legislation passed into law was that of the right to repair electronics—something that only six other states have done. And perhaps even more importantly, the decision was entirely unanimous, with not a single vote against the bill being cast. Naturally, the good news was reported by repair gurus iFixit, and the bill essentially means that individual Texans and repair shops will have access to the manuals, parts, software, and tools required to repair any digital electronic goods that are sold in the state, worth more than $50, from September 2026. There are exemptions, such as anything involving medicine or motorized vehicles, and game consoles are also excluded. Some circuit boards won't be included, nor will anything that involves a 'trade secret', but a gaming laptop or handheld PC should certainly be covered by the law. Texas joins the likes of Oregon and California in a pretty small group of states that have enacted a right to repair law: just seven in total. However, what makes this particular decision really stand out is just how well the voting went on the bill. The Texas House passed the bill 126-0 two months ago, with the Senate voting 31-0 in early June. As with all such proceedings, some members were absent from the voting, but in both cases, even if everyone was present and cast a vote, the bill would still have easily passed. It's the same level of support that was seen in the European Parliament last year, which rubberstamped similar rules with an enormous 584-3 majority. The general consensus appears to be that consumers and legislators both want the right to repair. That might seem like a ridiculously obvious thing to say, but the fact that so few US States have made any progress on the matter shows that passing repair laws isn't as straightforward as one might think. Fingers might be pointed at manufacturers of electronic products as being the primary resistance to change and for two reasons: (1) it's cheaper to design and produce a device that's not designed to be repairable (e.g. glue is used to bond components rather than screws) and (2) having people replace a broken device, that could easily be fixed, with a brand-new model is good for revenue. However, right to repair bills typically don't place requirements on the cost of repair tools, replacement parts, and so on. Manufacturers can offset the expense of designing something to be easily fixed by pricing replacement parts and tools accordingly. The car industry has been doing this for decades, though your average sedan is vastly more expensive than a humble gaming PC—you'd certainly never go out and buy a new Ford just because a fan belt has snapped. But even if every state adopts a right to repair law, it will take many years to break the cycle of throwing out electronic devices, rather than having them repaired, simply because that's been the norm for so long. With the global amount of e-waste showing no signs of declining, widespread right to repair laws can't come soon enough.
Yahoo
17 hours ago
- Business
- Yahoo
Ohio Gov. Mike DeWine axes property tax relief provisions
Ohio Gov. Mike DeWine signed the state's massive $60 billion budget bill early Tuesday morning, and in it, he nixed several provisions about property taxes.
Yahoo
2 days ago
- Business
- Yahoo
Ohio Gov. Mike DeWine signs budget giving $600M to Cleveland Browns
Ohio Gov. Mike DeWine has signed the state's massive operating budget, which includes funding for a new Cleveland Browns domed stadium.
