Topic: Richard Fisher

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As fears about Europe's future worsen, the Dow closes down

Fearing a financial rupture in Europe, investors around the world fled from risk Wednesday. They punished stocks and the euro, and the yield on a benchmark US bond hit its lowest point since World War II. The Dow closed down 161 points to land at 12419.
What next for JPMorgan Chase and Jamie Dimon after $2 billion loss

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.
Stocks end down for fifth day after Bernanke

After gains early in the day, the session closed lower, with the Dow declining about 19 points
Interest rates: Will the Fed signal a boost?

Interest rates were supposed to be kept low by the Federal Reserve's bond-buying program. Ben Bernanke will meet with the press on Wednesday, and investors will listen for clues about when the Fed might change its policy with interest rates.
Solar storms to erupt soon. What will be the impact on Earth?

Solar storms on their way. Natl Academy of Sciences: "Major solar storm could cause twenty times more economic damage than Hurricane Katrina..."
Had enough of high prices?

Of all the bad economic data, the cost of food and oil need the Fed's urgent attention.
Fed cuts interest rates, but lenders still wary

Despite a 3/4-point rate cut Tuesday, mortgages are costlier than a month ago.