The DJIA tops 13,000
The Dow Jones Industrial Average topped 13,000 this week for the first time since before the financial crisis. The Dow last closed above that level in May 2008, when unemployment was just 5.4 percent. It sank as low as 6,547, in March 2009.
Associated Press
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Latest Videos FromThe Week
Employment gains for Latinos
Latinos make up only 15 percent of the U.S. workforce, but they have racked up half of U.S. employment gains since early 2010, according to Labor Department data. Sectors in which Latinos hold a relatively large share of jobs, such as food services, health care, and manufacturing, are showing robust growth.
Los Angeles Times
Police nab $6 trillion in fake U.S. bonds
Police in Zurich last week confiscated $6 trillion in counterfeit U.S. bonds, a figure equal to nearly half the U.S. debt. Eight members of an organized-crime ring, arrested in Italy, were believed to be planning to sell the bonds.
BBCNews.com
Lloyds to recover employee bonuses
British bank Lloyds will claw back some of the bonuses it awarded to 13 senior employees, after a scandal over the sale of worthless loan insurance cost the bank $5 billion last year. Other British banks could follow suit.
London Telegraph
PayPal: Coming to a store near you
PayPal is pushing into brick-and-mortar stores. The e-payment service will be available in all Home Depot stores later this month, and in 20 more big retail chains by the end of the year. In order to entice merchants to offer the payment option alongside Visa and MasterCard, PayPal may subsidize merchants’ transaction fees.
Time.com
