"Free markets need regulation."

[TakeAStepBack]

Mitt Romney.

Oxymoron of all time. And Obama is a turd burglar.

 

[waltky]

Granny checkin' on her Blackwater an' Halliburton stocks...

World Stocks Plunge On Fears About Weakened Emerging Markets
January 24, 2014 ~ World stock markets plunged Friday, as investors worried about a possible slowdown in emerging markets.

U.S. stock indexes dropped around 2 percent Friday, sinking for a second day. Markets in Paris and Frankfurt fell about 2.5 percent and Asian markets also mostly finished lower.

Analysts said investors were concerned about sharp drops in the value of currencies in several emerging economies, including Turkey, Russia, South Africa and Argentina, and a report Thursday that Chinese manufacturing is slowing.

Screen shows world indexes at the Hong Kong Stock Exchange.

In addition, some traders are worried about the withdrawal of global stimulus, especially in the United States, the world's largest economy. Policy makers at the country's central bank, the Federal Reserve, started to trim their direct support of the American economy this month and could reduce it further when they meet next week.

Some financial experts say the concern is that as the economic stimulus is cut in the most advanced economies, interest rates will rise in the U.S., Europe and Japan, and that investments there will then increase, to the detriment of emerging economies.

World Stocks Plunge On Fears About Weakened Emerging Markets

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JPMorgan Chase Gives CEO 74 Percent Pay Raise
January 24, 2014 ~ The chief executive of the biggest U.S. bank received a huge salary increase last year, even as the bank paid billions of dollars in fines for financial irregularities it committed.

JPMorgan Chase said Friday it paid its top official, Jamie Dimon, $20 million last year, up 74 percent from his $11.5 million salary for 2012.

The New York bank's board had cut Dimon's salary in half a year ago as the financial institution faced a range of disputes with U.S. and overseas financial regulators. In the last year, the bank has paid more than $23 billion to settle the regulatory and criminal investigations.

JPMorgan Chase Chairman, President and Chief Executive Officer Jamie Dimon

In boosting his pay, the bank cited Dimon's settling of the cases, as well as his "sustained long-term performance."

JPMorgan Chase Gives CEO 74 Percent Pay Raise