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.
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.
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
-
The bottom linefeature Working families continue to struggle; The least-trusted industries; The bestselling vehicle; Mobil device use triples; Global unemployment among the young
-
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
-
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
-
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
-
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
-
The bottom line
feature The gender pay gap; U.S. economic growth; Parents who argue about money; Online subscriptions rise
-
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
-
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