Thursday, May 3, 2012

What Wall St. Hasn't Learned From Occupy, High Health Care Costs, BP Spill Probe And More

Thursday, May 3, 2012
NEW YORK -- As May Day protests hit major cities across the United States this week, breathing new life into an Occupy Wall Street movement still in its infancy, some financial institutions reacted rather oddly.

"These are challenging economic times and we understand that customers are demanding a lot from financial institutions," Wells Fargo spokeswoman Holly Rockwood told The Huffington Post after Tuesday's demonstrations in San Francisco, where the company is based.
U.S. Health Care Costs Highest In Industrialized World: Study
BP Oil Spill Criminal Investigation May Ensnare Executives In Cover-Up
States Miss Out Out On Billions As Online Sales Taxes Go Uncollected
Disabled Workers Shrink Labor Force
Why You Might Be Earning Less Than You Used To
BLOG POSTS
David_Halperin: 5 Reasons Mitt Romney Would Be the First Corporation to Be Elected President
People who are alarmed about the growing influence of money in politics need to understand this: Mitt Romney is money in politics.
Jed Kolko: Rising Home Prices: Coming to a Market Near You
Not only are rising prices starting to look like a real trend, they're also coming to a market near you -- if they haven't already. Asking prices increased year-over-year in 44 out of the 100 largest metropolitan areas, with Miami and Phoenix leading the charge.
Chris Fici: Occupy Wall Street: Don't Dehumanize The 'Evil Banker'
I felt that, as natural as it is in one sense to feel anger at some of the entities on Wall Street, as a spiritual person my engagement must go deeper. It must include yet transcend the rage.
Liz Ryan: Your Story Is Your Brand
I nearly shouted. "Everyone says the same things -- savvy, strategic, seasoned, results-oriented, hard-charging, self-motivated, blah blah blah. Adjectives aren't going to do it. You're going to have to tell your story."
David Einhorn: The Fed's Jelly Donut Policy
I believe that stocks are depressed because there is a pervasive feeling that something awful is going to happen. What is this enormous tail-risk? It's the intersection of reckless fiscal policy with overindulgent "Jelly Donut" monetary policy.
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