The bottom line

Community banks, credit unions gain favor; Bonuses for Wall Street are up; October sees five month high in employment gains; Assessing “The Twelve Days of Christmas”; Airport security hassles benefit chartered jets

Community banks, credit unions gain favor

In the past 12 months, 14.4 percent of American adults have moved their accounts from large commercial banks to community banks or credit unions, according to a Zogby International poll. Of those who switched, 60 percent said they did so to protest the policies of large banks.

The Week

Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

SUBSCRIBE & SAVE
https://cdn.mos.cms.futurecdn.net/flexiimages/jacafc5zvs1692883516.jpg

Sign up for The Week's Free Newsletters

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

Sign up

Bonuses for Wall Street are up

Wall Street bonuses are set to rise 15 percent this year from 2009. That may help explain why luxury retailer Tiffany & Co. has raised its full-year earnings estimate to $2.77 a share from $2.65, on strong growth in retail transactions of $500 or more.

HuffingtonPost.com

October sees five month high in employment gains

Forty-one states saw employment gains in October, the best results in five months, the U.S. Labor Department said. Nevada’s unemployment rate, the nation’s highest, fell from 14.4 percent to 14.2 percent. North Dakota had the lowest, at 3.8 percent.

Associated Press

Assessing “The Twelve Days of Christmas”

The swans, dancing ladies, and other goods itemized in “The Twelve Days of Christmas” would cost $96,824 this year, a 10.8 percent increase over last year, says PNC Wealth Management in its 27th annual valuation of the song’s inventory. Five gold rings saw the biggest jump—a 30 percent rise to $649.95.

USA Today

Airport security hassles benefit chartered jets

Demand for chartered jets rose 52 percent last month over November 2009, says the Air Taxi–Air Charter Association, a trade group. The group cites economic recovery and the “hassle factor” of airport security as key factors contributing to increased demand.

Los Angeles Times

Explore More