In early December, Christophe de Margerie, CEO of Total, the Exxon à la Française, shocked the French when he said that there was "no doubt" that a liter of gasoline would reach €2 and that the only question was when.
We recently highlighted the concerns of economist Karl Smith, who stated that the chief threat to the economy was not gas prices, but rather a Fed unwilling to hold rates low in the face of an improving economy.
he surprising tale that I will attempt to pen in this blog entry has a very familiar cast of characters; the Obama Administration, the Housing Bubble, “Toxic Mortgages”, and Too Big To Fail “TBTF” Banks among others.
In a story that should be getting lots of attention, American Banker has released an excellent and disturbing exposé of J.P. Morgan Chase's credit card services division, relying on multiple current and former Chase employees.
There is a simple reason health care in the United States costs more than it does anywhere else: The prices are higher.
I had been waiting with apprehension for our court date, Monday, at which Avram Ludwig and I would have to go on to trial.
History repeats itself, so the scholars say. But according to Mark Twain it just rhymes. Literary quips and hair-splitting aside, I've found that one of the most valuable things anyone can do to advance their knowledge and understanding of the world is the study of history.