North Dakota No. 2 in oil production
North Dakota has passed Alaska to become the nation’s No. 2 oil-producing state, pumping more than 575,000 barrels per day. The state’s oil output has quadrupled in just four years, thanks largely to hydraulic fracturing. Texas remains the unchallenged leader, pumping 1.7 million barrels a day.
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Fannie Mae has a good quarter
For the first time since the government took over Fannie Mae, in 2008, the mortgage backer has finished a quarter without needing taxpayer money to balance its books. During the first three months of the year, it made $2.7 billion in profits, citing a slower decline in housing prices and a lower rate of homeowners behind on their payments.
Los Angeles Times
Chinese banks to expand in U.S.
The Federal Reserve gave approval last week to three government-owned Chinese banks to expand into retail banking in the U.S. The nod suggests that the Fed’s view of China’s system of regulating its banks is improving, and that more such deals might be in the offing.
The Wall Street Journal
Let's set the job record straight
In the 23 years that Democrats have occupied the White House since John F. Kennedy took office, in January 1961, non-government jobs have increased by nearly 42 million, compared with 24 million jobs created during 28 years under Republican presidents.
Bloomberg.com
Facebook's advertising challenge
Eight in 10 Facebook users say they hardly ever or never click on ads or sponsored content on the social-networking site, according to an AP/CNBC poll. Boosting advertising revenue is central to Facebook’s business model.
CNBC.com
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Brooklyn vs. the Beckhams: trouble in paradiseIn the Spotlight Scion of the Beckham clan and billionaire heiress wife Nicola Peltz staged an elaborate vow renewal – and none of his family were on the guest list
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August 21 editorial cartoonsCartoons Thursday's political cartoons include AI-driven water shortages, Sharpie-corrected slavery, and airstrikes on Washington, D.C.
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Alien: Earth – a 'bold' prequel to the space horror classicThe Week Recommends Set two years before Alien, new Disney show pays 'homage' to the original
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The bottom linefeature Working families continue to struggle; The least-trusted industries; The bestselling vehicle; Mobil device use triples; Global unemployment among the young
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The bottom line
feature The cost of e-filing; Dipping into nest eggs early; What Americans are drinking; Planning for death; How tax refunds are spent
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The bottom line
feature Building bigger houses; And tuition at OSU is?; Christmas at McDonald's; Self-gifting at Christmas; Lloyd’s prepares for Hurricane Sandy claims; Google's billions
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The bottom line
feature Good results for the third quarter; Compensation at financial firms hits a high; Three cities with recovering economies; Good year for car sales; Broadway's best performance ever; Tax bite is less in 2010 than in 1980
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The bottom line
feature Airlines cut domestic flights; Income up in small cities and rural areas; Bond and Lincoln lift box office earnings; Don't be fooled by Black Friday; The high toll of identity theft
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The bottom line
feature The gender pay gap; U.S. economic growth; Parents who argue about money; Online subscriptions rise
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The bottom line
feature Can the U.S. keep up?; Airlines spend billions on runway taxiing; Americans exaggerate their working hours; The Dow Jones's 67.9 percent gain; Success and summer babies
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The bottom line
feature Consumer confidence jumps; Wall Street cuts jobs, raises pay; Goldman Sachs's muppet hunt; Desktop web searches decline; Pizza Hut scraps debate freebie