Tempers are boiling in Greece and other European nations that traded bailouts for a strict austerity plan. Some say Germany's rigid solution is already failing, and may even fracture the euro zone. If that happens, that'll be very bad news for the U.S., too.
After spending much of the year on the rise, gas prices are now falling — dropping nearly 20 cents in one month. Industry analysts expect the price to keep falling, but that might not take the strain off your wallet yet.
The first high-speed Amtrak trains outside of the Northeast Corridor are racing through parts of Michigan at 110 mph. But President Obama's ambitious high-speed rail initiative is otherwise in a slowdown mode, since lawmakers and some governors have not embraced the program.
Mitt Romney has very publicly opposed the government bailout of the auto industry. So the likely GOP nominee raised more than a few eyebrows this week when he said: "I'll take a lot of credit for the fact that this industry's come back."
JPMorgan Chase was one of the few major banking companies to emerge from the financial crisis with its reputation intact. Now, with revelations that it lost at least $2 billion in a hedging strategy gone wrong, that reputation is in tatters. And analysts say the loss raises doubts about other U.S. banks.
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