On Tuesday, we got the answer (or at least a partial answer) to the question we posed last month when we asked the following: “How long before the impairments and charges currently targeting smaller firms finally shift to the bigger ones? And how underreserved is JPMorgan for that eventuality?”
Submitted by Jake Anderson via TheAntiMedia.org,
When last we looked at the effect America’s multiple state and local government fiscal crises are having on the country’s school systems, we noted that budget drama across both Illinois and Pennsylvania threatened to force layoffs and class cancellations.
Submitted by Michael Snyder via The Economic Collapse blog,
When a leading nominee for President gets something exactly right, we should applaud them for it. In this case, Donald Trump’s call to audit the Federal Reserve is dead on correct. Most Americans don’t realize this, but the Federal Reserve has far more power over the economy than anyone else does – including Barack Obama.
Submitted by Dan Sanchez via DanSanchez.me,