Wednesday, October 2, 2013
Benja Serra Bosch: Spain's Unemployment Icon - Business Insider
At the end of August the level of unemployment for those under 25 reached 56.1% — a record high. Bloomberg reported earlier this year that the number of Spanish people registered to work in the U.K. had doubled since 2009-2010, with many highly educated young men and women forced to take jobs in fast food restaurants and other low-paying positions.
Corruption or expert advice?
Should the attorney general have met with Jaimie Dimon of JPMorgan while the fine for malfeasance was being determined? Senator McCain believes it was wrong. Do you?
In matters involving major corporate malfeasance, individual accountability is vital to deterring similarly severe misconduct by financial institutions and their officers, directors, or key employees in the future,” he wrote. “Government enforcement actions must no longer be viewed by institutions and their management teams as simply the cost of doing business. (see link here)
The WSJ has a different take on Dimon's plight at the moment:
Though it weathered the financial crisis well, the New York bank has since been targeted in more than a half-dozen probes by regulators and prosecutors, stretching from allegations it manipulated energy markets in California to questions about hiring practices in China. J.P. Morgan remains locked in negotiations to avert the mortgage-securities suit by potentially paying upward of $10 billion and perhaps pleading guilty to a criminal charge associated with the case. All told, the bank has incurred more than $18 billion in legal expenses since 2008 and faces a battery of investor lawsuits stemming from the regulatory probes. ...Throughout the bank's current ordeal, Mr. Dimon has worked to show investors, customers, employees and potential clients J.P. Morgan remains strong. (see link here)
In matters involving major corporate malfeasance, individual accountability is vital to deterring similarly severe misconduct by financial institutions and their officers, directors, or key employees in the future,” he wrote. “Government enforcement actions must no longer be viewed by institutions and their management teams as simply the cost of doing business. (see link here)
The WSJ has a different take on Dimon's plight at the moment:
Though it weathered the financial crisis well, the New York bank has since been targeted in more than a half-dozen probes by regulators and prosecutors, stretching from allegations it manipulated energy markets in California to questions about hiring practices in China. J.P. Morgan remains locked in negotiations to avert the mortgage-securities suit by potentially paying upward of $10 billion and perhaps pleading guilty to a criminal charge associated with the case. All told, the bank has incurred more than $18 billion in legal expenses since 2008 and faces a battery of investor lawsuits stemming from the regulatory probes. ...Throughout the bank's current ordeal, Mr. Dimon has worked to show investors, customers, employees and potential clients J.P. Morgan remains strong. (see link here)
Tuesday, October 1, 2013
House G.O.P. Stands Firm on Shutdown, but Dissent Grows
http://www.nytimes.com/2013/10/02/us/politics/shutdown-debate-congress.html?hp&_r=0
With the Government in a bind and discussion are going to be ongoing how long will this really last?
With the Government in a bind and discussion are going to be ongoing how long will this really last?
No Change in the Markets
I think it is interesting that the markets have not responded to the closing of the federal government. Why do you think that is? What could be the response in the coming days?
Article:
http://online.wsj.com/article/SB10001424052702303643304579108983029757304.html?mod=WSJ_hp_LEFTWhatsNewsCollection
Article:
http://online.wsj.com/article/SB10001424052702303643304579108983029757304.html?mod=WSJ_hp_LEFTWhatsNewsCollection
Everything You Need to Know about the Shutdown
I think this article provides a good summary as to how the government shutdown will work. It also contains some interesting data from previous shutdowns.
The Back and Forth Over the Shutdown - Graphic - NYTimes.com
A really nice graphic image. This is not democracy.
The Back and Forth Over the Shutdown - Graphic - NYTimes.com
The Back and Forth Over the Shutdown - Graphic - NYTimes.com
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