The financial industry was 2.5 percent of the economy when World War II ended. Now, it is 8.5 percent. How did it get so big, and what are the costs?
Cellphone and credit card applications typically contain an arbitration clause that keeps you from suing the phone carrier or bank if a dispute arises. Often, the bank gets to pick the arbitrator. The federal government is looking to see if arbitration clauses give companies too much power.
The JPMorgan Chase $2 billion loss again shows why big banks pose a big risk – as seen in the admission of mismanagement by Jamie Dimon. The selfless purpose of a financial system in the economy must override the selfish risks of giantness in banks.
The uproar over the Obama campaign’s 'Life of Julia' Web infographic – which made #Julia big on Twitter – highlights just how fiercely both parties are fighting for the women’s vote. The economy is by far the most important issue in November for both sexes. But there are other areas with special significance to women. Here are the main flash points.
Morgan Stanley should be commended for their earnings in the first quarter, even at a loss, but investors should still beware of Morgan Stanley.