Amid growing concerns about its outsourcing practices, Apple posted a study showing it has helped create more than 514,000 jobs in the U.S. But many of those jobs are based in industries that indirectly benefited from Apple's business, and now some economists are calling foul.
Nearly four years ago, the bank collapsed in the biggest bankruptcy in U.S. history — a record $639 billion. That set off a chain reaction and sent the economy spiraling. Lehman Bros. says now, it will continue to liquidate its holdings, and will start paying back creditors next month.
The Federal Reserve shrugged off warnings and let banks pay shareholders billions of dollars in dividends last year, despite warnings from the Federal Deposit Insurance Corp. ProPublica investigative reporter Jesse Eisinger says banks should have been forced to set aside the money as a rainy-day cushion.
People have been avoiding checked-baggage fees by carrying on bags — that includes bags too big for the overhead bins. Now United and Delta Airlines are enlarging the bins. There is some fear, however, this will prompt people to bring bags that are even larger.
The U.S. economy is improving faster than previously predicted, according to two dozen economists surveyed by the Associated Press. The economists foresee stronger growth and more hiring than they did two months ago. They also predict an unemployment rate at around 8 percent by Election Day.
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