Banks financed much of the US oil boom and are now faced with significant challenges as drillers run short of cash. Major, multinational banks are relatively insulated from any shocks, but smaller, regional banks – especially in Texas and North Dakota – are facing a much bigger problem.
The US housing market, long the sluggard in the recovery, builds on its rebound, with prices of existing homes up 12 percent last month from a year ago. In a twist, many buyers aren't individuals but rather corporate investors.
Which is worse? The Sikh temple shooting in Wisconsin by Wade Michael Page, or the shopping mall shooting in Arizona by Jared Lee Loughner? They both killed the same number of people. Yet one would be classified as a hate crime, with tougher penalties. Why distinguish?