Where JP Morgan $13 billion stacks up against the biggest bank fines globally

October 23, 2013

This week, JP Morgan hammered out a tentative deal with the government to pay $13 billion over its mortgages practices. Here’s what the biggest bank fines were before this week:

Alternative leading indicator of the day: chemical shipments

October 23, 2013

Calculated Risk, the widely-read economic blog that always tends to spot interesting data sets, put together this chart. The data is from the American Chemistry Council, and its an impressive proxy for US economic growth.

from Ben Walsh:

Part time work in America

October 23, 2013

After the financial crisis, the number of Americans who want full time jobs but are stuck in part time jobs rose sharply. In recent months, however, America's workforce has slowly moved away from part time work.

America’s mediocre labor market recovery, in charts

October 22, 2013

Economists expected a gain of 180,000 jobs in September, while today’s Commerce Department data showed a gain of just 148,000 jobs. Here’s today’s disappointing results in chart form:

Another milestone for gay marriage in America

October 21, 2013

“New Jersey on Monday became the 14th U.S. state to legalize gay marriage after Governor Chris Christie withdrew its legal opposition to same-sex nuptials,” Reuters reports.

Are higher rates taking a bite out of home sales?

October 21, 2013



“U.S. home resales fell in September and prices rose at their slowest pace in five months, the latest signs higher mortgage rates were taking some edge off the off the housing market recovery,” Reuters reports today.¬†Economists told Reuters that the results could be chalked up to rising interest rates, stagnant salaries and high real estate prices. Here’s more: