Politicians love to boast about American exceptionalism: how special we are from all the merely ordinary, everyday, run-of-the-mill countries around the globe. I would say that what sets us apart, more all the time, is that we Americans don't like ties.
I don't mean four-in-hands or bow ties, but the ties in games, the ones that somebody once said are "like kissing your sister." Boy, do I agree — and I never even had a sister. Nothing about me is more American than that I don't like ties.
JPMorgan Chase faced more critics Tuesday, this time from some of its own shareholders at its annual meeting in Tampa, Fla. This comes after the bank disclosed it lost at least $2 billion last week in a bungled trading strategy.
The Securities and Exchange Commission is looking into the surprise loss, and the Justice Department has now reportedly opened a preliminary probe.
JPMorgan executives let shareholders do some venting at Tuesday's meeting.
Nonprofit groups that want to run campaign ads within two months of the general election have to reveal the names of their donors. That's the result of a federal appeals court action on campaign finance law.
Several weeks ago, a federal court in Washington told the Federal Election Commission it could not allow the buyers of tens of millions of dollars' worth of ads to remain anonymous.
Betty Carter was born Lillie Mae Jackson on May 16, 1929 in Flint, Michigan. Join Milton Shirdan on Jazz at Nite this Wednesday evening for a musical salute to Betty Carter on her birthday. Listen during the 9:00 hour exclusively on WVAS-FM.
President Obama welcomed the Los Angeles Galaxy to the White House today in celebration of their Major League Soccer title.
The team, which has won three cups, is star studded. But there is no one bigger than David Beckham and president Obama took advantage of the opportunity to give the international soccer star a ribbing.
When Facebook goes public this week, the company will be valued at roughly $100 billion.
It will be the highest valuation ever for an initial public offering of a tech company. Is Facebook really worth this much money?
One way to frame the question is to consider a single fraction.
The number on top of the fraction is the total value of the company. The number on the bottom is the company's profits over the past year. This fraction is called the price-to-earnings ratio. It's widely used by investors in stocks.
As soon as new French President Francois Hollande was sworn in on Tuesday, he observed a postwar custom and reached out to Germany, in a move intended to underscore European solidarity and the importance of the alliance.
But it wasn't a relaxing social visit. Hollande's plane was struck by lightning en route to Berlin and had to return to Paris as a precaution. He then took another plane.