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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