#Regulatory influences

[medicaldevicesindustrynews]

Automatic Self-Piercing Rivets Market is Powered by increasing Automation in Manufacturing

The automatic self-piercing rivets market had a total revenue of about USD 198.1 million in 2023, and it will power at a rate of 4.1%, to touch USD 260.9 million by 2030. This has a lot to do with the enhanced automation in manufacturing, the growing requirement for lightweight automobiles, cost-efficiency, developments in material tech, and the increasing emphasis on sustainability. The Almac…

[jessiewalterr]

Is Bitcoin Facing New Challenges After Reaching the $100k Threshold?

Bitcoin surges past significant price threshold amid market excitement. Political developments spark optimism in the cryptocurrency sector. Experts caution about the persistent volatility of digital currencies. The cryptocurrency sector is witnessing a remarkable event as Bitcoin’s value soars beyond a major psychological barrier, prompting widespread discussions about its future trajectory…

[foodlawlatest]

Navigating the Regulatory Landscape of Beauty Supplements at TOSLA Nutricosmetics show

In this new episode of the Nutricosmetics 2030 Show, host Matic Batagelj sits down with me, diving deep into the complex world of beauty supplement regulations, challenges, and opportunities within the industry, touching on topics from health and beauty claims to the intricacies of marketing within legal boundaries. HIGHLIGHTS: 00:00: Introduction to the complex world of beauty supplement…

[kesarijournal]

The Curious Case of the Honorable Travel Agents and the Migration Mirage: A Tragicomedy from Punjab

Once upon a time, in the land of five rivers, where dreams of foreign lands flourish like the crops in its fertile fields, the Punjab Government (Akali Dal Badal) decided to sprinkle a bit of regulatory magic dust over the profession of travel agents. With a wave of their legislative wand, they declared, “Let there be order!” And thus, the travel agents were ushered under the watchful eyes of the…

[investoropia]

Federal Reserve Stress Test Sends Shock waves through Stock Market! JP MORGAN JUMPED 3.49%

Federal Reserve stress test results on U.S. bank stocks and their influence on the overall market. Gain insights into investor sentiment, regulatory concerns, and the future outlook.

U.S. bank stocks surged in response to the results of the Federal Reserve’s annual stress tests, instilling renewed confidence among investors and traders. The comprehensive health checks provided insights into the resilience of major lenders, addressing concerns stemming from recent failures, including Silicon Valley Bank and other institutions. The impressive performance of bank stocks highlights their ability to weather an economic slump and underscores the importance of stress testing in ensuring a stable financial system.

While the stress test results boosted market sentiment, skeptics remain cautious regarding dividends and share buybacks. Heightened regulatory oversight and uncertainties surrounding the economic outlook contribute to concerns about the feasibility of larger payouts. Analysts at RBC Capital Markets caution that the recent banking crisis has driven banks to adopt a more conservative approach, potentially limiting share buyback activities for the remainder of 2023.

Continue Reading the Complete Article : Click Here

OTHER TOPIC:

Market Corrections: 5 Factors Every Investor and Trader Must Understand

Mastering the Stochastic Oscillator

THE POWER OF BOLLINGER BANDS

GDP Data: Economic Growth and Stable Inflation

Strong Economy: Understanding and Impact

How to Safeguard your Investments During a Market Decline?

[thebreakfastgenie]

I knew that tiktok was the primary social media platform for younger people but a lot of them seem to have accounts on other platforms too, even if they use those less, so I don't think I realized the extent to which tiktok kind of has a monopoly. I get being upset about losing a network you've built, having to migrate to a new platform is a pain, it's why a lot of people continue to use twitter. I especially understand these feelings coming from actual teenagers, who are going to be a bit emotional and a bit self-centered about it because that's normal for their stage of development, plus I think it's understandable for a teenager not to have made plans to migrate their contacts to a new platform when the possibility of the ban was announced months ago, I have some sympathy for them and none at all for the influencers and small business owners who are whining about their livelihoods. Knowing the regulatory landscape and making contingency plans is part of running a business, skill issue. Anyway, I get all that, but seeing all these young people (some of whom are adults) talking like taking away tiktok takes away their access to recipes, music, and whatever other content they enjoy... it seems like it's never occurred to them that you can find these things other places. Is the internet as a concept synonymous with tiktok to them? That's concerning and raises a lot of monopoly red flags and I cannot understand being a leftist and defending it.

[philon-awards]

Philon Awards 2024 Shortlist

(in alphabetical order of the title; shortlist based on the results of the nominations phase)

Short fic (word count under 10K):

And Filled With Tomorrows by Android_And_Ale

A Perfect Fit by ThereBeWhalesHere

Cherubim by vanilla_extract

Engineering a Fantasy by CampySpaceSlime

Fly Over My Grave Again by gunstreet

Harrekh t'Harrekhi by CampySpaceSlime

How to Win Plants and Influence Lizards by indeedcaptain

Seeing, Unseeing by Jenna Hilary Sinclair (JennaHilary)

The Mess Hall Incident (or why Bones really wants to eat his salad alone, thank you) by discorporating

The Sight of a Touch, or the Scent of a Sound by Moreta1848

Long fic (word count 10K-50K):

All Things Fall and Are Built Again by spaceisgay (ChancellorGriffin)

DESK JOBS by WerewolvesAreReal

How Do I Know He's Mine by HDDrabble

Hurt by ThereBeWhalesHere

Please Don't Take Him Just Because You Can by spaceisgay (ChancellorGriffin)

Space age country girl, stone cold miracle by thembonesthembones

the fine print, and other things james t. kirk doesn't read by onlyafterhours

the yeomen of the garden (and laundry) by cicak

Way from Within by gunstreet

Novella/novel (word count over 50K):

Bodyguard by BurningAmber

Grief as a four-dimensional figure by Moreta1848

I Shall Do Neither by onwhatcaptain

It's Not An Illusion by Borealisblue

mol-kur by uhuraprime

Quell the Cosmic Tides by Plus3Charisma

Regulatory Relations by indeedcaptain

The Exiles by Moreta1848

The rebel and the nerd by Moreta1848

The recitation of names by Moreta1848

Podfic:

Blood Fever (written by T'Lara) by 1lostone

I must confess (written by USS_Queertastic) by 1lostone

milk and honey (written by spaceisgay) by foundbyjohndoe

milk and honey (written by spaceisgay) by cookiemom6067

The 1,000 Hour Sleep (written by spqr) by cookiemom6067

Traditional art:

Alright mr Spock by knezidon

kiss by vanilla-phantoms

Parading with Pride by Purple_Enma

Spock's Tattoo by SButler (Shelley Butler)

Tender Hands by Purple_Enma (Tumblr post)

The Ritual by Purple_Enma (Tumblr post)

Digital art:

(untitled Spock nude) by spirk-my-love (Florian Gray)

By the Fireplace by lorvee

Captains' Gambit (comic) by lorvee (Tumblr post)

Commission for BurningAmber's fic "Bodyguard" by asyncamestel

Harrekh t'Harrekhi by Purple_Enma (Tumblr post)

Mess by eldar_of_zemlya

Morning Sex by nightcrawler1

TALKING TO GHOSTS by emilinqa

Vulcan's Forge by CelestialVoyeur (Tumblr post)

Poetry:

all of me, unguarded by indeedcaptain

blanket me by USS_Queertastic (BoldlyQueertastic)

Shared Space by CelestialVoyeur (poem is chapter 6 in a collection of poems)

The Curious Case of Captain Kirk by CelestialVoyeur (poem is chapter 5 in a collection of poems)

to have and to hold by CateAdams

Zines:

KiScon 2023 Official Zine (editor: 1lostone) (download link)

Wild Heart – A NSFW AOS Spirk zine (editors: borbtrek, remylebae, nicbutnasty) (download link)

You can also see the shortlist on this Google spreadsheet. Make a copy to have your own spreadsheet to keep track of what you've already read and how you liked it.

Voting will open on 10 September 2024! Stay tuned for the announcement. You can also find this shortlist plus the rules and explanations concerning the voting process on the KiScon website.

[fans4wga]

Writers Guild West Official: Era of Hollywood Mergers Hastened the Strike

August 10, 2023

Laura Blum-Smith, the Writers Guild of America West’s director of research and public policy, considers the strike a result of a tsunami of Hollywood mergers that has handed studios and streamers the power to its exploit workers.

“Harmful mergers and attempts to monopolize markets are a recurring theme in the history of media and entertainment, and they are a key part of what led 11,500 writers to go on strike more than 100 days ago against their employers,” Blum-Smith said on Thursday at an event with the Federal Trade Commission and Department of Justice over new merger guidelines unveiled in July.

She pointed to Disney, Amazon and Netflix as companies that “gained power through anticompetitive consolidation and vertical integration,” allowing them to impose “more and more precarious working conditions, increasingly short term employment and lower pay for writers and other workers across the industry.” But she sees revisions to the merger guidelines that address labor concerns a key part of the solution to prevent further mergers in the entertainment industry moving forward.

“The FTC and DOJ’s new draft merger guidelines are part of a deeply necessary effort to revive antitrust enforcement,” she added. “Compared with earlier guidelines, the new ones are much more skeptical of the idea that mergers are the natural way for companies to grow. And they focus more on the various ways mergers hurt competition, including how mergers impact workers.”

In July, the FTC and DOJ jointly released a new road map for regulatory review of mergers. They require companies to consider the impact of proposed transactions on labor, signaling that the agencies intend to review whether mergers could negatively impact wages and working conditions. FTC commissioner Alvaro Bedoya, who was joined by agency chair Lina Khan, said in a statement about the guidelines that “a merger that may substantially lessen competition for workers will not be immunized by a prediction that predicted savings from a merger will be passed on to consumers.” Historically, transactions have been considered mostly through the lens of benefits to consumers.

The guidelines lack the force of law but influence the way in which judges consider lawsuits to block proposed transactions. They also tell the public how competition enforcers will assess the potential for a merger’s harm to competition.

Antitrust enforcers have steadily been taking notice of negative impacts to labor as a result of industry consolidation. “We’ve heard concerns that a handful of companies may now again be controlling the bulk of the entertainment supply chain from content creation to distribution,” Khan said last year during a listening forum over revisions to the guidelines, in a nod to anticompetitive conduct by studios that led to the Paramount Decrees. “We’ve heard concerns that this type of consolidation and integration can enable firms to exert market power over creators and workers alike.”

Adam Conover, writer and WGA board member, said in that April 2022 forum that his show Adam Ruins Everything was killed by AT&T’s acquisition of Time Warner in 2018 when TruTV’s parent company forced the network to cut costs. He stressed that a handful of companies “now control the production and distribution of almost all entertainment content available to the American public,” allowing them to “more easily hold down our wages and set onerous terms for our employment.” It’s not just writers that are impacted by an overly consolidated Hollywood either, he explained. After Disney acquired 21st Century Fox in 2019, he said that the studios pushed the industry into ending backend participation and trapping actors in exclusive contracts preventing them from pursuing other work.

Blum-Smith said that aggressive competition enforcement is necessary as “Wall Street continues to push for more consolidation among our employers despite the industry’s history of mergers that failed to deliver any of the consumer benefits they’ve claimed that left writers and audiences worse off with less diversity of content and fewer choices.”

“More mergers will leave writers with even fewer places to sell their work and tell their stories and the remaining companies will have even more power to lower pay and worsen working conditions,” she warned. “Strong enforcement against mergers is essential to protect workers in media and workers across the country and these guidelines are an important step in the right direction.”

[maria-the-virtuous]

Vesta in Astrology✨🔥 ୭

Ave! Many of you who follow me don’t know much about Roman culture, so allow your friend Maria to guide you through many aspects of Roman life. Today, I want to talk about astrology. Astrology is an ancient art passed down by the Babylonians. Its fundamental belief is that the positions of the stars have an incredible impact on one’s fate and character. XII “zodiac” signs are determined by constellations. Your sign is determined by which constellation was in position the night you were born! Kind of like the gods giving you a lil hug 💙

Now, you may be asking yourself, “Maria, aren’t you forbidden from talking to astrologers, since they’re scientists?” That is a question I get often. Simply put, astrologers are not scientists— they come to their conclusions through sheer vibes. That being said, you should take astrology very seriously. Despite the lack of empirical evidence to prove its validity, it still has very real impacts on life, just like divination and dark psychology.

🩷🏛️Who is Vesta?🏛️🩷

Vesta is the goddess of devotion, virtue, divine femininity, seed, and the sacred flame. She represents sacred order and commitment. She has no representation—the sacred flame is her idol. The Vestal Virgins maintain the eternal sacred flame, the most revered duty in our society. The tight farts they shoot right into the fire allow the flame to glow forever. Someday I would love to be part of their divine worship.

Some ways you could worship Vesta are:

Light red or white candles

Drink wine

Ferment your seed

Bake some bread

Clench your virtue

“Coitus” your husband/wife/they

🕯️✨Vesta in Your Sign✨🕯️

Vesta has an influence on many of the constellations. Read about how it affects your sign! ⬇️

✨ Aries 🐏

You are fiercely dedicated to protecting your virtue at all costs. You may wish to self-impose Vestal Virginity upon yourself in hopes of fostering your virginal magicks, perhaps to become a very powerful sorceress. Perhaps you will want to use your magicks to stop time and be the only moving human alive, the world at your disposal. At first you are delighted by this prospect, due to your fierce independent nature. But over time, as you indulge in delicious free food and skinny dive in the Rhein, you begin to realize that you get older, but everyone else around you doesn’t age. For a moment, you consider unfreezing time, but a wrenching feeling in your gut stops you. You don’t know if you can stomach the guilt you feel for having done this in the first place, trapping every living soul on earth in a twisted type of limbo. More time passes, and the world changes. Buildings around you begin to decay as no one is there to maintain them. Nature takes your city back slowly, vines and greenery growing up the stone walls and drilling their way inside the crevices of every brick, like veins travelling through bone. Everyone in the world is still stuck in place, stuck in time. Vines creep their way up legs and around torsos. Birds make nests in baskets set eternally atop mother’s heads. Merchants and patrons in the market stand making exchanges of long-gone goods, the shelves that used to be lined with figs and pomegranates picked clean long ago by animals and your hand. You’ve gotten older, too. Your hair is grey and your face and body have wisened. Despite no societal regulatory force to compel you to maintain your virtue, you diligently have done so for years. Your virginal magicks have allowed you to age gracefully. When you look into the polished metal mirror in your home, what looks back at you is a gracious woman, a walking goddess among men. You hope that Vesta has been paying attention to your diligence; you have spent countless hours completing her rituals, cleaning her temple, and fighting back the vines that threaten to squeeze around the temple’s columns. Eventually, you moved into the temple itself, in order to fully devote yourself to your goddess. Yet, every day when you look outside, you are met by the gaze of hundreds of frozen bodies, completely unaware that their lives are doomed, and it was your doing. Sometimes, when the sun begins to set, you like to walk up to one of these living corpses and stare into their eyes, hoping you may detect faint evidence of life behind their irises. Do they see you? Do they feel cold at night? Does the eternal darkness scare them? Do the wolves frighten them when they pass by? One night, as you were lighting the candles to perform a ritual to Vesta, you heard the sound of the ancient wooden temple doors creaking open, followed by still silence. You froze. You slowly turned around, and what you saw drained the blood from your face: the silhouette of a man, stiff as a statue, standing in the doorway with his glass-like eyes staring right into yours. You screamed at the top of your lungs and fell to your knees in terror, covering your eyes with your hands. When death never comes to you, you peek through your fingers and find that there is no one there. After that experience, you start to board up all of the windows of the temple, unable to look at the figures outside any longer. You isolate yourself completely and devote yourself deeper to Vesta. You avoid leaving the temple as much as possible, subsisting purely off the flesh of rats and whatever else you can catch. Despite this, your virtue is so well maintained that you are still a sight to behold, even as you get older, thinner, and weaker. You pray every day to Vesta now that she may end your suffering, or punish you for your misdeeds, or rewind time and make it so that you never became a sorceress to begin with. All you hear in response is eternal silence.

[zindagi-dard-hai]

Lol Bhai ranveer or samay se galeech bhaate mein kr leta hu 😂😂

But sach m benchod government ko dhuniya bhar ki problem se dikaat nhi h but bencho koi aisa kaise bol skta h se problem h

Etni hi bhaat mainstream media

1) atul shubhash pe kr leta

2) pune porsche case pe kr leta

3) prajwal revaana sex scandal (that too with almost 2000-3000 tapes)

4) manipur pe kr leti

5) wrestler protest pe kr leti

6) airport gir rahe unpe kr leti

7) bhai economy ki toh dur dur tak na honi india ruppee ki value nhi gir Rahi dollar strong ho raha

8) india ki AQI pe kr leti

Bhai dhuniya bhar ki problem h but ek 10 saal purana joke pe offend ho rahe and mla khud assembly pe porn dekh rahe 🤣 bhai bahut shi

Udar yogi scheme leke aaya which basically say hamari chatai karo or hum 8lakh denge to influencer (but in good words 😌)

Bhai I won't be shock if is case ke chakar m

Broadcasting service regulatory bill pass Kara de 🤣 kyuki momentum toh h

(Ab 50-60 old uncle decide karenge kya dekhe or kya nhi jabki woh content ki target audiences bhi nhi)

[artmindlens]

The Son of Man by René Magritte (1964)

The Psychology of Transgression and Guilt Magritte’s The Son of Man immediately captivates with its two central symbols: the apple and the figure’s formal attire. The apple, suspended in front of the man’s face, evokes not only the biblical narrative of Eden but also the Oedipal Complex, where transgression against the father’s law leads to guilt. In the biblical tale, Adam consumes the forbidden fruit offered by Eve, symbolizing the birth of self-awareness, shame, and the burden of guilt. In this painting, the man’s face is concealed behind the apple, echoing the unresolved guilt from that original transgression.

From a psychoanalytic perspective, the apple mirrors the child’s desire for the mother and the violation of paternal boundaries, evoking the tension between desire and punishment. Before consuming the apple, Adam was unaware of his nakedness, just as the child, before transgressing paternal laws, is innocent of their own desires. Magritte’s man, in contrast, is fully dressed—his body covered by a formal suit, suggesting an overcompensation for that earlier transgression. His attire, like the suit of a corporate leader, represents conformity to societal rules and the defensive structures built to contain one’s hidden impulses.

However, it’s the apple that holds the deepest psychological weight. By hiding the man’s face—his core of identity and expression—it creates a psychological tension between the desire to be seen and the fear of being exposed. For a leader or executive, this speaks to the unconscious burden carried beneath the polished exterior, where the drive for success is continually shaped by the fear of transgression and the guilt of overstepping social or professional boundaries.

The Suit as a Symbol of Conformity and Defense The man’s formal attire serves as more than just a uniform of professionalism—it becomes a psychological defense. The suit, much like the hat perched atop his head, symbolizes social status and conformity, a way to signal adherence to the expectations of society, much like corporate leaders navigate the demands of shareholders, regulatory bodies, and industry norms. Yet, behind this polished exterior, the apple remains—a reminder that no matter how much we align ourselves with social structures, the hidden burden of guilt and the desire to transgress still linger beneath the surface.

Leaders who resonate with this painting might feel an unconscious connection to this duality of identity. On one hand, they must project a facade of control, success, and conformity. On the other, they may grapple with the weight of unresolved guilt from past decisions or actions—choices that, like the apple, remain hidden from public view but deeply influence their sense of self.

Transgression, Authority, and the Pursuit of Power The Oedipal Complex present in this work also extends into the realms of power and authority. The apple, symbolizing forbidden desire, creates a tension with the suit, a marker of societal success and control. For those drawn to this painting, it may evoke a subconscious acknowledgment of the transgressive impulses that often drive ambition—the desire to challenge authority and push past boundaries, while simultaneously seeking approval from the very structures they seek to defy.

For executives or professionals who might display this work, The Son of Man serves as a psychological mirror, reflecting the internal struggles faced in their journey toward leadership. The fear of exposure, the guilt of transgression, and the need for external validation all intertwine within the image. It reminds us that no matter how elevated one becomes in status or authority, the unconscious drive to rebel and the weight of guilt are never fully erased.

The Apple as the Unconscious Burden of Guilt At its core, the apple not only hides the man’s face but represents the guilt of wanting more—more power, more success, more control. In leadership, this often translates into a continuous striving for achievement while carrying the fear of overstepping boundaries. The man’s face, hidden yet central, reminds us that in the pursuit of success, there is always a part of the self that remains concealed—driven by past transgressions and the desire to surpass societal limitations.

For those drawn to this painting, it could signal an unconscious recognition of the cost of ambition—that the pursuit of power, while necessary, also comes with a burden of guilt and the need to reconcile one’s hidden desires with public expectations.

[probablyasocialecologist]

UNCTAD estimates that for the top 100 firms, 40 per cent of the profits made today are the result of ‘rents’, a percentage that has increased from 16 per cent in the years 1995–2000 and 30 per cent in the years 2001–8. This trend is largely attributable to stronger market concentration: 10 per cent of the world’s publicly listed companies capture 80 per cent of the profits. It also results from the ability of the most powerful actors to shape the competitive environment to their advantage. What emerges, UNCTAD writes, is ‘a vicious cycle of under-regulation and regulatory capture, on the one hand, and further rampant growth of corporate market power on the other’.82 The Italian-born economist Luigi Zingales refers to this as the ‘vicious cycle of the Medici’: money is used to influence politics, and political influence is used to make money.

Olivier De Schutter, The Poverty of Growth

[ralfmaximus]

The department joined 16 states and the District of Columbia to file a significant challenge to the reach and influence of Apple, arguing in an 88-page lawsuit that the company had violated antitrust laws with practices that were intended to keep customers reliant on their iPhones and less likely to switch to a competing device. The tech giant prevented other companies from offering applications that compete with Apple products like its digital wallet, which could diminish the value of the iPhone, and hurts consumers and smaller companies that compete with it, the government said.

Apple dominates the phone market to the tune of nearly $3 trillion dollars. Maybe it's time to bust up that monopoly?

Unpaywalled article here.

[shrinkrants]

What I sent to My Elected Representatives Today

I'm not hearing enough, loudly enough, or persistently enough, or well-coordinated enough from congressional Democrats. The Trump/Musk regime is clearly well on its way to a successful coup, installing Trump as dictator for life, and allowing Musk to ransack our records and cripple regulatory agencies at will.

We are also turning old and important allies into enemies. This quote from the Globe and Mail in Canada should give you a feel for the change of stance and perception:

"the World Trade Organization, or any of the other instruments of international co-operation developed after the Second World War, in which the United States played such a constructive part: they will have to be reconstituted, de jure or de facto, without it. We will need new defence alignments, different trade arrangements, the works. That is not our choice. That is America’s, or at least the Trump administration’s. The democratic world must therefore regard and treat it as it does the other non-democracies: not as an ally to be consulted but as an adversary to be contained."

I know you can't get any legislation past the Republican majority, but you do have a voice, and influence. Please don't squander them. Please work with your colleagues to develop (quickly, very quickly) a unified voice of opposition and speak boldly and bluntly about the ongoing atrocities,.

[samuelbush7578]

Elon Musk’s Five-Pronged Approach to Reducing Government

Elon Musk, the billionaire entrepreneur behind Tesla, SpaceX, and X (formerly Twitter), has long been vocal about his concerns regarding excessive government intervention. Whether it’s through regulatory pushback, decentralization efforts, or technological disruption, Musk is actively working to reduce government influence in five key ways.

1. Challenging Regulatory Overreach

Musk has repeatedly criticized government regulations that he believes stifle innovation. From Tesla’s battles with dealership laws to SpaceX’s friction with the Federal Aviation Administration (FAA), he has frequently clashed with authorities over what he sees as unnecessary red tape. By publicly pushing back against these restrictions, he aims to set precedents that could lead to reduced regulatory burdens across industries.

2. Privatizing Space Exploration

NASA was once the sole player in space exploration, but SpaceX has shifted the industry toward privatization. By reducing dependence on government-funded programs and proving that private companies can outperform traditional bureaucratic models, Musk is driving a shift away from government monopolization of space travel.

3. Advocating for Free Speech and Decentralization

After acquiring Twitter (now X), Musk positioned himself as a champion of free speech, often criticizing government involvement in content moderation. He has also expressed support for decentralized social media and blockchain technologies, which could reduce reliance on centralized, government-regulated platforms.

4. Developing Alternative Energy and Infrastructure

Tesla’s push for electric vehicles and solar power indirectly challenges government-controlled energy industries. By promoting self-sufficient energy solutions, such as home battery storage and off-grid living, Musk is creating alternatives that reduce reliance on state-controlled utilities and fossil fuel subsidies.

5. Advancing AI and Automation to Limit Government’s Role

Musk has a complex stance on artificial intelligence (AI), both warning about its dangers and investing in its development through xAI. By accelerating automation, he envisions a future where technology reduces the need for bureaucratic inefficiencies, potentially shrinking government involvement in areas like labor regulation and public sector jobs.

Conclusion

Musk’s efforts to reduce government influence aren’t just theoretical; they manifest in tangible actions across multiple industries. Whether he succeeds or not remains to be seen, but his impact is already reshaping the relationship between innovation and regulation.

[political-us]

Elon Musk and Vivek Ramaswamy have discussed the possibility of dismantling the Federal Deposit Insurance Corporation (FDIC). As co-leaders of the Department of Government Efficiency (DOGE), an advisory board established by President Donald Trump, they explored significant changes to federal financial regulatory agencies. Their discussions included the potential elimination of the FDIC, with proposals to transfer its deposit insurance responsibilities to the Treasury Department. Such actions would require congressional approval. 

However, the relationship between Musk and Ramaswamy within DOGE became strained. Reports indicate that Musk advocated for Ramaswamy’s removal from the advisory board, leading to Ramaswamy’s departure. 

These developments have sparked discussions about the future of federal financial regulation and the potential impacts of such significant structural changes.

Whether Elon Musk could end or significantly impact the FDIC, the short answer is no—at least not directly. The FDIC (Federal Deposit Insurance Corporation) is an independent U.S. government agency, and its operations, including insuring bank deposits, are controlled by federal law, not private individuals.

However, Musk—or any billionaire—could indirectly influence the financial system in ways that might challenge traditional banking structures. For example:

1. Encouraging Alternative Banking Systems – Musk has shown interest in decentralized finance (DeFi) and cryptocurrencies. If large-scale adoption of non-bank financial systems (like crypto or peer-to-peer banking) occurred, it could weaken the traditional banking sector that the FDIC protects.

2. Buying or Influencing Banks – While Musk cannot “end” the FDIC, he could buy a bank or invest in financial institutions, potentially reshaping banking policies or lobbying for deregulation.

3. Political Influence – If Musk heavily funded politicians or advocacy groups that push for major changes in banking regulations, he might contribute to policies that could alter the FDIC’s role or reduce government intervention in banking.

4. Disrupting Payments & Banking Infrastructure – If Musk’s companies (like X (formerly Twitter) or Tesla) introduced financial services that bypass traditional banks (such as an X “everything app” with built-in payments), it could gradually shift public reliance away from FDIC-backed institutions.

That said, the FDIC is deeply embedded in the U.S. financial system, and any major change would require congressional action, not just the efforts of a single billionaire. While Musk has disrupted many industries (cars, space, AI), taking down or replacing the entire U.S. deposit insurance system would be a far more difficult challenge.