The headline is that the U.S. banking industry turned around in a big way in 2010 earning $87.5 billion, the highest since 2007. That’s a huge jump from 2009′s industry loss of $10.6 billion. Unemployment is still high at 9% according to the government, commercial real estate values are still in the dumps and home values according to Case-Shiller are still declining. Banks in the aggregate even charged off roughly the same ... MOREDouglas French: Banking Turnaround?
The headline is that the U.S. banking industry turned around in a big way in 2010 earning $87.5 billion, the highest since 2007. That’s a huge jump from 2009′s industry loss of $10.6 billion. Unemployment is still high at 9% according to the government, commercial real estate values are still in the dumps and home values according to Case-Shiller are still declining. Banks in the aggregate even charged off roughly the same ... MOREVeronique De Rugy: Losing The Brains Race
America is spending more on education while producing worse outcomes.In November the Organization for Economic Cooperation and Development (OECD) released its Program for International Student Assessment scores, measuring educational achievement in 65 countries. The results are depressingly familiar: While students in many developed nations have been learning more and more over time, ... MORE
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