Anyone who follows the news periodically, if not more often, wonders about the criteria making certain issues or persons “newsworthy,” and others substantially less so. One reliable indicator of newsworthiness is that the story happens in Washington, D.C. A second is an unusual or counter-intuitive event (“Man bites dog”). A third is the prospect of large losses. This last quality, however, renders the relative neglect of Puerto Rico’s debt crisis an interesting anomaly.
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U.S. Stocks Decline as JPMorgan Tumbles on Trading Loss ReportSan Francisco ChronicleU.S. stocks declined, snapping a two-day rally in the Standard & Poor's 500 Index, as JPMorgan Chase & Co. tumbled after a report on the lender's tradi…
BloombergU.S. Stocks Decline as JPMorgan Tumbles on Trading Loss ReportSan Francisco ChronicleU.S. stocks declined, snapping a two-day rally in the Standard & Poor's 500 Index, as JPMorgan Chase & Co. tumbled after a report on the lender…
Bloomberg says that global corporate profits are being hit by the Euro crisis. Maybe so, but second quarter corporate taxes in the US hit a…
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Sheila Bair, the former FDIC chairwoman who heads the newly formed Systemic Risk Council, explores whether U.S. banks can handle the European banking crisis and…
The Thomson Reuters/University of Michigan consumer sentiment index fell sharply to 74.1 in early June from its final-May reading of 79.3 and an early-May reading…
Central banks intensified warnings that Europe’s failure to tame its debt crisis threatens to roil the world’s financial markets and economy as Greece’s election in…
