Deflation Arrives in the UK but “Avoided” in US?
September 9, 2009 – 1:05 pm | No Comment

Two contrasting statements are hitting the front pages today.  On one side of the Atlantic, deflation has arrived in the U.K. High Streets. A report from British Retail Consortium (BRC)-Nielsen Shop Price Index shows that …

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FDIC Ramps Up for More Bank Failures
August 29, 2008 – 7:17 pm | No Comment

The FDIC (Federal Deposit Insurance Corp.) is visably ramping up to handle more bank failures in the coming weeks and months.  It will soon sign a 5-year lease to add five floors to its Dallas, …

Defaults Likely to Force More Bank Failures
August 21, 2008 – 5:47 pm | No Comment

“The Federal Deposit Insurance Corp. (FDIC) has been called in as receiver for eight banks through August 4, 2008, following the closure of four institutions in 2007. Prior to the recent closings, the FDIC had …