What's being called the first official protest of NATO kicked off Friday in downtown Chicago, where an estimated 1,000 nurses are expected to gather. They're calling for a "Robin Hood Tax" whereby Wall Street earnings are taxed to help relieve inadequacies in healthcare.
When the chief investment office of JPMorgan Chase was making big profits for the bank with what amounted to big bets, the bank's chairman and CEO, Jamie Dimon, stopped paying close attention to its operations. When he realized it was making big losses and saw the numbers, he couldn't breathe. That's according to Monica Langley's piece in today's Wall Street Journal, "Inside J.P. Morgan's Blunder."
Langley interviewed numerous JPMorgan executives, including Jamie Dimon, and she joins us now. Welcome to the program.
The cyclists who participated in Friday's National Bike to Work Day likely planned their riding route with several criteria in mind, from convenience to safety. Those same concerns help determine how "bikeable" a town is, according to a new study by the Walk Score website. Among the factors: There's safety in numbers.
You lucky West Coast folks! A stunning solar eclipse will occur late Sunday afternoon, and people in the western U.S. will get the best views. Live on the East Coast? It's already going to be dark, so the only way we'll get to experience this is via webcam.
The U.S. Supreme Court's expected ruling in June on Arizona's immigration law will set the blueprint for states where many officials say they face a crisis in trying to crack down on rising numbers of illegal residents.
Yet population changes and various research indicate that the great flow primarily of Latino illegal immigrants, which lasted at least two decades, ended several years ago.
For years, Cushing, Okla., has been on the receiving end of a 500-mile pipeline funneling oil from the Gulf of Mexico to the American heartland.
Starting this weekend, that pipeline will start moving crude in the other direction. That flow reversal could soon have implications at gas pumps around the country.
"For 40 years, crude oil flowed north," says Philip Verleger, a visiting fellow at the Peterson Institute for International Economics. "Today, oil flows south. It's as if we turned the world upside down."
The movie Battleship, based on the popular board game, opens today in the U.S. In most respects, it's a typical popcorn picture — the kind of effects-laden action movie that audiences often turn into a summer blockbuster.
And while it may not be any good, it is undeniably ours — American from the water up: a Universal Studios picture about an alien invasion, crammed with special effects from Industrial Light and Magic and set largely on American warships.
Don't worry if you missed out on Facebook's initial public offering. Chances are, if you own shares in a broad-based index fund, you'll be holding onto some Facebook soon enough.
Facebook is such a huge offering -– with an initial market capitalization of more than $100 billion, it instantly becomes one of the 25 largest "cap" stocks — that it could have a distorting effect on some funds, at least in the short term.