RV manufacturers have been busy. With many companies sending employees to work from home during the pandemic, more Americans are moving out of crowded cities, abandoning cramped offices and apartments for big skies, open meadows and more affordable real estate.
The housing market will be changed, potentially for years to come. But while a New Yorker might be able to buy a single family home in, say, East Tennessee, for less than what they spend for a studio apartment in Manhattan, many of these big-city drop-outs aren’t opting for larger dwellings.
Over the next year, a small, relatively obscure bureau of the U.S. Treasury Department will take a lead role in plugging what many experts consider the biggest hole in the U.S.’s anti-money-laundering protections.
It won’t be easy for the Financial Crimes Enforcement Network, say experts and almost a dozen former Treasury officials and veterans of the bureau. Sweeping anti-money-laundering legislation, approved this year, requires the agency to build a state-of-the-art corporate ownership registry meant to help authorities unmask the beneficial owners of anonymous shell companies and track the flow of illicit money.
FinCEN—whose roughly 300 employees account for less than
Wally Adeyemo, President Biden’s nominee for deputy Treasury Secretary, plans to emphasize the importance of rebuilding the United States’ alliances to combat China’s unfair trade practices and halt foreign interference in the country’s democratic institutions at his confirmation hearing on Tuesday, according to a copy of his prepared remarks, which were reviewed by The New York Times.
His remarks highlight the importance that the Biden administration is placing on multilateralism as it seeks to undo many of
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