The Federal Reserve is ending the lending program that threw a life vest to banks as they started to fail during the 2008 financial crisis. The Fed on Monday said it has adopted a new rule that limits its ability to lend emergency money...Show More Summary
Royal Bank of Scotland and Standard Charted almost failed the Bank of England's 2015 stress tests. Despite missing targets, the two banks had just enough emergency capital after being run through a hypothetical economic collapse by the...Show More Summary
``The rule is designed to help end the notion of individual financial companies being "too big to fail," by allowing the Fed to rescue only the broader financial system instead of individual companies. Under the rule, the Fed can make...Show More Summary
The Chiefs may have caught a big break when Rex Ryan and the Bills failed to challenge what was ruled a 37-yard catch by Jeremy Maclin in the second quarter. Kansas City hurried to the line and handed off to Spencer Ware, who scored from three yards out on the very next play. Show More Summary
At times this year, the Bills have failed to make the most of receiver Sammy Watkins’s talents. That’s not the case today in Kansas City. Just 14 minutes into the first quarter, Watkins already has 90 receiving yards, and the Bills are off to a 10-0 lead. On the Bills’ opening possession, Watkins had a…
Suspected Burglar Dies In Chimney When Homeowner Lights Fire A California man has died after trying to sneak into a stranger’s home through the chimney. Things were bad enough when he realized chimneys aren’t exactly big enough to f...
Amazon’s first foray into hardware went shockingly well, and the Kindle line of eBook readers really did change the world. Then Amazon tried to tackle smartphones and it failed miserably with the Fire Phone. Luckily, Amazon’s next effort...Show More Summary
The migrant crisis and renewed terrorism threats are again shaking the foundations of the European Union and are raising questions about its future. Some politicians are urging for closed borders and a stop to the inflow of people, irrespective of the humanitarian crisis behind the migrant movement. Others are urging Europe to [...]
Too big to fail?
Fifty-one-year-old permababe Brad Pitt failed to conceal his stunningly blue eyes behind a pair of tinted glasses at the New York premiere of "The Big Short" on Monday evening. The little flecks in his azure irises, which become apparent if you stare long enough, remained fully visible as... Continue reading
Spencer Platt/Getty Images By Sinead CarewNEW YORK -- U.S. stock indexes closed slightly lower in quiet trading Monday on Wall Street after last week's strong gains, while a big health care deal failed to impress investors.Pfizer's (PFE)...Show More Summary
A number of this holiday's big titles have not sold quite as well as the retailer was hoping.
Last week, ObamaCare was hit with a body blow as one of the nation's major health insurers, United Healthcare, announced it was pulling back from Obamacare in 2016 and may not participate at all in 2017: UnitedHealth Group Chief Executive Stephen J. Show More Summary
Firms that want to be more entrepreneurial have to reward employees who act like entrepreneurs, even if that means failing and acting like weirdos.
Science has failed to pinpoint the actual brain processes behind our awareness. The following is an excerpt from the new bookConsciousness and the Social Brain by Michael S. A. Graziano (Oxford University Press, 2015): I was in the audience watching a magic show. Show More Summary
Well, that went well. Last week on THE BIG BANG THEORY, Amy and Sheldon both made their first attempts at new relationships and both failed. Amy’s new beau, Dave, was tall and had a British accent. That was enough to excite Penny and Bernadette but not enough to satisfy their curiosity. So the two staked […]
I'm a failure. When my son needed me the most, I failed him - big time. He's gotten over it, but here we are three weeks later and I'm still reeling from the entire experience. It started as a routine visit to the dermatologist. My 6-year-old has a plantar's wart on his foot and after a month of putting it off, we went to have it removed. Show More Summary
As we get closer to the end of the year and movies sites ready their round-up articles looking back on the year that was 2015 in cinema, there's one trend that can't be overlooked, and that's the string of star-powered or big budget films that flopped.
Fed's Dudley notes progress, but admits work ahead to ensure banks could fail in orderly manner.
Fed policymaker says more work necessary to ensure orderly failures in future.