New York bureau chief Heidi Moore discusses JPMorgan CEO Jamie Dimon’s testimony in front of the Senate Banking Committee today. In the latest installment of Freakonomics, Stephen Dubner talks about how despite convential wisdom, investing in labor can help a company’s bottom line. Colleges are admitting more students from their waitlists — but is that a good thing? Berkshire Hathaway makes what seems like a counter-intuitive move: investing in the private jet business. And Stephen Beard continues his A Man Walks Into a Bar series in Madrid, Spain.
JPMorgan CEO Jamie Dimon spoke before the Senate Banking Committee today, trying to explain the $2 billion loss his company made in trading. The committee went fairly easy on the banker.
Commentator Robert Reich says health insurance lobby could unwittingly revive the "public option."
As the costs of running a farm rise, farmers are getting paid less for their milk. That's forcing some farmers to get bigger or auction off their cows.
Berkshire Hathaway’s NetJets will buy $9.6 billion in new planes from Cessna and Bombardier.
Patrons at a tapas bar in Madrid reflect on their country's economic woes and the multi-billion-dollar bailout that Spanish banks recently received.
Sixteen senators from the Senate Banking Committee have taken campaign contributions from JPMorgan's political action committee. We called them for comment.
As "yield" gets tougher to predict, schools keep their options open.