iOS app Android app

Entries by Alexander Eichler from 06/2012

Paul Krugman Appears On 'Newsnight,' Battles British Conservatives On U.K. Austerity Policies (VIDEO)

Posted 06.01.2012 | Business

For most Americans, a trip to London means drinking a few pints and maybe taking a picture of one of those guards with the hats. For Paul Krugman, it ...

Stockton City Hall Seized By Wells Fargo As City Edges Closer To Bankruptcy

Posted 06.04.2012 | Business

How bad are things in Stockton, California? So bad that Wells Fargo just seized the building that was supposed to be the town's City Hall. Stockton...

Top Wall Street CEOs Saw Pay Rise By 20 Percent In 2011

Posted 06.05.2012 | Business

Last year was an awful one for many on Wall Street. But not everyone struggled. Some even partied like it was 2006. In fact, for the 50 people ran...

Health Care Reform Could Have Saved People Hundreds Of Dollars A Year, Study Finds

Posted 06.05.2012 | Money

If health care reform had happened a decade earlier, a lot of people might have been able to save some serious cash. That's the conclusion of a rec...

Facebook IPO: Shareholders Continue To Sue Mark Zuckerberg For Allegedly Holding Back Over Nasdaq Debut

Posted 06.05.2012 | Business

Suing Mark Zuckerberg is turning into a national pastime. On June 1, three Facebook shareholders -- David Goldberg, Kevin Hyms and Garrett Garrison...

Just 13.5 Percent Of Food Workers Make A Living Wage: Report

Posted 06.06.2012 | Business

What did you have for breakfast today? Chances are good it came to you by way of someone barely making a living. A new report from the Food Chai...

Adbusters, Occupy Founders: 'Early Heroes' Are 'Losing The Edge'

Posted 06.06.2012 | Business

Even some of the founders of the Occupy movement say it may be petering out. Last September, organizers set up its first encampment in Manhattan's...

Robert Greifeld, Nasdaq CEO, On Botched Facebook IPO: 'I Can't Wait For My Life To Get Back To Normal'

Posted 06.06.2012 | Business

Dear Facebook investors: Robert Greifeld is sorry you lost a bunch of money. And he'd really like you to leave him alone now. Greifeld -- chief exe...

Jacqueline Halsey, New Jersey Woman, Tangles Through Web Of Debt Collection Absurdity

Posted 06.07.2012 | Business

Since a debt collector's job involves getting people to pay money they owe, you'd think every collection company would keep careful track of those out...

BP Fines Could Create Thousands Of New Jobs In The Gulf States: Study

Posted 06.08.2012 | Business

As Congress weighs whether to send billions of dollars in oil-spill compensation to the Gulf region for restoration, a new study suggests that tens of...

CFTC Head Gary Gensler: Congress 'Sides With Wall Street'

Posted 06.08.2012 | Business

In the ongoing struggle to shield ordinary Americans from the risks and excesses of big banks, Congress can be counted on to stand with... the big ban...

Housing The Homeless Saves Taxpayers Money, Study Finds

Posted 06.08.2012 | Business

Welfare programs have been among the biggest targets of budget cuts in the last few years, as states look to save money any way they can. But research...

Barney Frank: Bill To Cut Regulator's Budget Proof Of 'Terrible Priorities'

Posted 06.08.2012 | Business

A proposal to slash funding for a major financial regulator is being met with strong criticism. Representative Barney Frank, a Massachusetts Democr...

The States With The Fastest Growing Economies: 24/7 Wall St.

Posted 06.10.2012 | Business

In 2011, the U.S. economy grew for the second straight year, although at a slower pace than in 2010. According to figures released by the Bureau of Ec...

Spain Bailout: Things Will Get Worse Before They Get Better, Says Prime Minister

Posted 06.10.2012 | Business

MADRID -- Spain's grinding economic misery will get worse this year, despite the country's request for a European financial lifeline of up to (EURO)10...

Christina Romer: The Federal Reserve Needs To Lead The Way

Posted 06.10.2012 | Business

The next meeting of Federal Reserve policy makers, on June 19 and 20, will probably be contentious. The latest employment report, showing anemic job g...

New York Fed Chair Says He's Fine With Having Jamie Dimon On Board

Posted 06.11.2012 | Business

At least 36,000 people say JPMorgan Chase CEO Jamie Dimon should step down from the board of directors at the Federal Reserve Bank of New York. Lee...

CEO's Conspicuous Consumption May Be Red Flag For Corporate Fraud: Study

Posted 06.11.2012 | Business

Which CEOs drive a Rolls to work? That could be an important question for government regulators looking to crack down on corporate fraud. It's not...

Most MF Global Senior Execs Not Registered With CFTC, Can't Be Charged With Failure To Supervise

Posted 06.12.2012 | Business

When $1.6 billion of customer money goes missing, you'd think it would be easier to punish someone for it. Not so at MF Global, the brokerage firm ...

Debt Collector Accused Of Using Intimidating Threats, Pocketing Funds, Buying 32-Foot Boat

Posted 06.12.2012 | Business

There's a right way and a wrong way to collect debts. And the wrong way definitely involves pocketing the funds you take in and using them to buy a bo...

Unemployed People Have Worse Health Habits Than People With Jobs: Gallup Survey

Posted 06.12.2012 | Business

The unemployment crisis may also be a health crisis. People who are out of work against their will are more likely to have poor health habits than ...

Beth Jacobson, Ex-Wells Fargo Employee, Alleges Bank Employed Predatory Lending Practices

Posted 06.13.2012 | Business

Six years after the onset of the housing bust, big banks are still facing allegations that race influenced their lending practices. Beth Jacobson, ...

Lloyd Blankfein: We Shouldn't Punish Miscalculated Risk 'Too Much'

Posted 06.13.2012 | Business

With Jamie Dimon called on the carpet before the Senate Banking Committee Wednesday, it almost seemed like for a moment bankers were going to be held ...

Jerry Williams, Former Orion Bank CEO, Sentenced To Six Years In Prison

Posted 06.14.2012 | Business

In 2006, American Banker magazine named Jerry Williams one of its Community Bankers of the Year. Now Williams is headed to prison for six years. Some...

Lighting Company Allegedly Turned Down Job Applicant For Not Being Christian Enough

Posted 06.14.2012 | Business

It's not exactly common during job interviews, for the interviewer to ask which churches you've attended the past few years, and whether you've been "...