pThere are many myths surrounding the ldquo;American banking industryrdquo; as it relates to its health and well-being. In that regard, the banking analysis that follows is an attempt to bring clarity as to where the U.S. banking industry currently stands at the end of 2011 and to explain what really took place in the...
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Crisis Financial
How Banks Shirked The Bill For The Crisis And Emerged Richer Than Ever
Existing home sales at 1-1/2 yr-high, supply falls (Reuters)
Reuters – U.S. home resales surged in January to a 1-1/2 year high and the supply of properties on the market was the lowest in almost seven years, pointing to a nascent housing recovery.
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Marie Colvin Died In Syria While Exposing ‘The Horrors Of War’
One of two journalists killed today, she spent her life reporting from war zones across the world to illuminate the tragedies and perils that ordinary people caught in extraordinary events face. » E-Mail This » Add to Del.icio.us
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Bank of England panel split on size of stimulus (AP)
AP – Bank of England rate-setters were divided this month on the vote to inject another 50 billion pounds ($79 billion) into the British economy, with two members arguing that a bigger stimulus was needed, minutes to the meeting showed Wednesday.
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Activist: 2 Foreign Journalists Killed In Syria
A Syrian activist said two foreign journalists were killed Wednesday by Syrian government forces shelling the restive central city of Homs. The report could not be immediately confirmed. » E-Mail This » Add to Del.icio.us
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Pace of new credit card accounts picks up in 2011 (AP)
AP – More people opened new credit card accounts last year, as the banking industry began to loosen standards it tightened during the recession.
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U.N. Nuclear Agency Reports Failed Iran Talks
The International Atomic Energy Agency acknowledged its renewed failure in trying to probe suspicions that Tehran has worked secretly on atomic arms, in a statement issued shortly after an Iranian general warned of a pre-emptive strike against any nation that threatens Iran. » E-Mail This » Add to Del.icio.us
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Metals up on Greece aid, China move to spur growth (AP)
AP – Metals prices jumped Tuesday on expectations that demand may improve after a new Greek bailout package was approved and China took another step to stimulate economic growth.
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Retired Massachusetts Judge Defends Forced Abortion Ruling
The mentally ill woman objected to the abortion citing her religious beliefs. But the judge granted the woman’s parents guardianship so they could consent to the abortion. The case was eventually overturned by an appeals court. » E-Mail This » Add to Del.icio.us
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Fed’s housing blueprint is lost in din of politics (Reuters)
Reuters – In mid-2011, with the U.S. economy at risk of a new recession, top Federal Reserve officials began to explore a different way to shore up the recovery: looking for fixes for the battered housing market.
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How Using Antibiotics In Animal Feed Creates Superbugs
Researchers have shown how a bacterium resistant to antibiotic treatment passed from humans to pigs to humans. And now the new resistant human bug appears to be spreading beyond people with direct exposure to livestock. » E-Mail This » Add to Del.icio.us
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Congress targets federal workers for savings (AP)
AP – Federal workers were $15 billion losers as Congress looked for ways to pay for parts of the just-passed legislation to extend the payroll tax cut and federal unemployment benefits through the end of the year.
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