That’s right. We’re all just a bunch of babies. Pope Francis to Donald Trump: You’re Not a Christian Pope Francis, a Jesuit Communist, has chastized Donald Trump and accused the GOP frontrunner and billionaire real estate mogul of not being a Christian. Why is he not a Christian in the eyes of Pope Francis? Because […]
Archives for February 2016
5 random things for a Friday (living paycheck to paycheck, national savings rate, John Oliver on voting)
News Story of the Day: If there is one thing that Americans are horrible at it’s saving money. The national savings rate is around five percent, and this shows in a new statistic: most Americans are unable to cover a $500 emergency. According to a Bankrate.com national survey, 63 percent of respondents said they didn’t […]
FDIC says 7 U.S. banks failed in 2015
Data from the Federal Deposit Insurance Corporation (FDIC) show that just seven banks failed in the United States last year. This is the lowest number since 2007 when only three banks folded. The largest number occurred in the late-1980s during the S&L crisis when close to 3,000 financial institutions shut their doors. From the American […]
Hungary central bank stockpiles 200,000 rounds of live ammunition, 112 handguns
Forget accumulating gold, printing money or buying mortgage-backed securities. One central bank is acquiring live ammunition and handguns instead in order to boost its security force. According to a government website for public procurements (via Bloomberg News), the National Bank of Hungry purchased 200,000 rounds of live ammunition and 112 handguns for its security company. […]
New Fed Official: U.S. banks are still ‘too big to fail’
Neel Kashkari was recently appointed to be the new president of the Federal Reserve Bank of Minneapolis. He’s making headlines because he thinks banks in the United States are still too big to fail, and the solution is to break them up. Delivering a speech this week, Kashkari presented the case that Washington and Wall […]