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bparksj28

Federal Reserve details new round of stress tests - Nov. 16, 2012 - 0 views

  • The Federal Reserve, preparing to embark on its latest round of so-called stress tests, released the details Friday of three economic scenarios it will use to judge the health of the U.S.'s largest lenders.
  • 5% decline in gross domestic product, an unemployment rate of 12% and a volatile stock market which loses half its value.
  • The stress tests are mandated by Dodd-Frank, the financial reform law written in the wake of the 2008 financial crisis that brought down Bear Stearns and Lehman Brothers.
  • ...2 more annotations...
  • Last year, the Fed's tests showed a majority of the nation's largest banks would be able to weather another deep recession.
  • Ally Financial, Citigroup (C, Fortune 500) and SunTrust (STI, Fortune 500) -- would likely need new capital from either investors or the government in the Fed's adverse economic scenario
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    Dodd-Frank Act - stress test 2012
bparksj28

Putting the Debt in Context - The American Magazine - 0 views

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    Debt, deficit, who owns our debt?
bparksj28

Newsweek to end publication of its print edition - Oct. 18, 2012 - 0 views

  • "Exiting print is an extremely difficult moment for all of us who love the romance of print and the unique weekly camaraderie of those hectic hours before the close on Friday night," she said in the statement. "But as we head for the 80th anniversary of Newsweek next year, we must sustain the journalism that gives the magazine its purpose—and embrace the all-digital future
  • But Brown said reaching readers in the future increasingly depends on the digital version, citing a Pew Research Center survey that said 39% of Americans get their news from an online source. There are forecast to be 70 million computer tablet users by the end of the year, she said, up from 13 million just two years ago.
  • $7.3 million operating loss
bparksj28

Who Isn't Being Left Behind During the Economic Recovery? | TIME.com - 0 views

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    Economc  Recovery - good homework assignment for student to read during economic growth chapter
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