02192018Mon
Last updateThu, 11 Jan 2018 7pm

Business

U.S Banks Post Second-Highest Profit in 23 Years in 2Q 2014

(Wall Street Journal) Banks are lending to companies and individuals at the fastest pace since the financial crisis, helping propel profits to near-record levels.


World View: Australian Court Issues Landmark Judgment Against S&P Ratings Agency

This morning's key headlines from GenerationalDynamics.com:

  • Australia's court issues landmark judgment against S&P Ratings Agency
  • Cyprus denies that its bailout money will go to Russian oligarchs

Chart of the Week: Slowest Economic Recovery Since the 1960s

The Heritage Foundation:

Americans could be waiting another five years for a return to normal employment based on the sluggish pace of the U.S. economy. After nearly four years in office, President Obama has overseen the worst recovery since the 1960s. [...]

More Than A Baker's Dozen Obama Stimulated Fisker Hybrids Left in The Rain Spontaneously Alight, Explode After Sandy

Approximately 16 of the $100,000+ Fisker Karma extended-range luxury hybrids were parked in Port Newark, New Jersey last night when water from Hurricane Sandy’s storm surge apparently breached the port and submerged the vehicles. As Jalopnik has exclusively learned, the cars then caught fire and burned to the ground.

Progressive Economics: 55 And Under? No Job For You

Nearly two years ago, and progressing to this day, we first observed (and subsequently even the mainstream media caught on) that America's labor force is slowly but surely converting itself from a full-time to part-time worker society.

Taxpayers are still owed $84.2 billion in TARP Monies

WASHINGTON (MarketWatch) — The Treasury Department should stop using the Libor overnight interest rate in its loan programs given that it is “potentially subject to manipulation” and undermines confidence in the markets, a government watchdog said Thursday.

" Friends and neighbors complain that taxes are indeed very heavy, and if those laid on by the government were the only ones we had to pay, we might the more easily discharge them; but we have many others, and much more grievous to some of us. We are taxed twice as much by our idleness, three times as much by our pride, and four times as much by our folly. "

-- Benjamin Franklin

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