TV News LIES

Investment banking is about to become a riskier business, again.

The Federal Reserve board is meeting today, Wednesday, to discuss overhauling the Volcker rule, which prevents banks from using their customers' tax-payer insured deposits to finance speculative trades. Named after former Fed chair Paul Volcker, the rule was enacted four years ago as part of the Dodd-Frank legislation passed after the 2007 global financial crisis.

Led by chairman Jerome Powell, a Fed revision of the Volcker rule would fulfill President Trump's campaign promise to "dismantle" Obama-era regulations on Wall Street. However, "Volcker 2.0" will stop short of giving banks the flexibility to use customer's funds they enjoyed before the recession.

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ABC has canceled "Roseanne" after Roseanne Barr's racially charged tweet about Valerie Jarrett Monday morning.

"Roseanne's Twitter statement is abhorrent, repugnant and inconsistent with our values, and we have decided to cancel her show," ABC entertainment president Channing Dungey said in a statement to TheWrap on Tuesday.

Barr apologized before ABC's statement on Tuesday, saying that her statement suggesting that former Barack Obama adviser Valerie Jarrett is a product of the Muslim Brotherhood and the "Planet of the Apes" was a "joke" that was "in bad taste.

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The Hawai'i County Civil Defense ordered fresh evacuations in the Leilani Estates after a fast-moving lava flow began moving through the area.

The agency issued the order late Sunday after a lava pond from Fissure 7 breached, creating the lava flow. The U.S. Geological Survey's Hawaii Volcano Observatory described the eruption from the East Rift Zone as "vigorous."

The floods hit the same scenic town that was slammed by a similar storm in July 2016.

As the flooding subsided, Governor Larry Hogan toured the area and promised "every bit of assistance we possibly can".

"They say this is a once every 1,000-year flood and we've had two of them in two years," Hogan said.

In some places, the floodwater reached the first floor of buildings.

Just before Christmas, Robert F. Kennedy Jr. pulled up to the massive Richard J. Donovan Correctional Center, a California state prison complex in the desert outside San Diego that holds nearly 4,000 inmates. Kennedy was there to visit Sirhan B. Sirhan, the man convicted of killing his father, Sen. Robert F. Kennedy, nearly 50 years ago.

While his wife, actress Cheryl Hines, waited in the car, Robert Kennedy Jr. met with Sirhan for three hours, he revealed to The Washington Post last week. It was the culmination of months of research by Kennedy into the assassination, including speaking with witnesses and reading the autopsy and police reports.

A retired high school English teacher says a letter she received from President Trump would have barely earned passing marks, so she corrected the letter and sent it back to the White House.

Yvonne Mason, an Atlanta resident who retired last year after teaching middle and high school students in South Carolina for 17 years, corrected grammatical mistakes in the letter bearing Trump's signature, including 11 instances of improper capitalization of words like "president" and "state."

"If it had been written in middle school, I'd give it a C or C-plus," Mason told South Carolina's Greenville News. "If it had been written in high school, I'd give it a D."

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