How Big Banks Could Help Create a New Economy

The Federal Reserve has become the de facto lender of last resort for the world’s largest banks, including Citigroup and JP Morgan Chase.And the Fed’s central bank has the power to make the biggest banks even bigger and more powerful by buying their assets or buying their debt at market value.As it stands, the Fed


How a small town has survived a tornado

As of Thursday, Oklahoma City was on its way to becoming the first major U.S. city to be completely destroyed by a tornado, according to the National Weather Service.The tornado touched down around 1:45 p.m.ET near the city of Pigeon Forge, about 20 miles northwest of Tulsa.The storm left a trail of destruction and knocked