Because of the change in a Business Model were not going to be able to devote the amount of resources and time to investigative reporting in the sense of longterm in depth work that takes reporters months to produce. And at the time a lot of different kinds of elements of a noose ecosystem started to spring up. Propublica raised money from foundations, from individuals, and has built over the last six, seven years a newsroom of about 50 people, focused only on the journalism in the public interest. And that, of course, includes a big swath of reporting on consumers, on how abuses unfairness, abuses of trust, fraud, and what propublica brings to the table is a longterm commitment to working on stories, however long they take to do. A big commitment to Data Collection and analysis, and a feeling that every time we produce the story, that is based on the huge amount of data, we try to extend that reporting to local communities by partnering with people across the country who can do their
View seems under assault. Paul and you could bring other issues into that. Greta we will have to leave it there now. Paul singer with usa today, and Michael Moran of the weekly standard, thanks for being with us. This weekend, the defense the store learns about the life and history of tulsa, oklahoma. Frank willits was an oil man. He bought a place that became the headquarters of philip 66. Today, you still see the familiar phillips 66 shield. Philip 66 has become familiar to people as a coke bottle. It is that iconic in the minds of many voters. He was part of that flamboyant oil fraternity that came out of the late 19th century into the 20 century. These are men, very muchacho, who had amazingly solid egoist. They were very sure of themselves, and that was important. He was human. Thats all part of the story. The good, the bad, the ugly. He was many things. But always first and foremost, he was an oil man. Watch all of our events from tulsa today at 2 00 eastern on American History t
Join us on twitter at aj real money. Americas biggest bank makes history by signing off on americas biggest legal settlement ever bin a single entity. Jp morgan paid to pay a whooping 13 billion to resolve claims over the sale of toxic securities that helped implode the Financial System back in 2008. 8 billion will go to settle claims made by various federal agencies. Another 1 billion will go to five states who sued the bank. But heres what may be the most interesting part. 4 billion will go to consumer relief. Of that 4 billion, half will go towards actually reducing the principle on jp morganheld loans where the value of the mortgage is higher than the value of the house. Some that have money will be put towards restructuring some mortgages to reduce the homeowners monthly payments. And out of the remaining 2 billion some will go towards subsidizing new mortgages for low to middle income borrowers. Some may go to cleaning up properties in distressed areas or tearing down abandoned f
Liz good afternoon, everybody. Im liz claman. The long weekend is over. But the good times roll, at least Second Quarter earnings. It will be watching a whole bunch of names. Alcoa, the First Company always to report its results. The first major company. Major u. S. Indices in advance of that are all higher. Today of the earlier highs. The dow jones industrial, not a bad picture. Get this, 79 stocks in the s p 500 have hit 52 week highs. When we pulled these numbers apart it gives you a more granular sense of what is happening with the market. The stocks are looking healthy. Maybe on to something. He sent a notice to his clients last night telling them that rise in Company Earnings coupled with margins. 1,750 by the end of the year. That is a pretty high bar to it, but we will see what happens. By comparison, three stocks that dow jones industrials. Still pretty much the same ratio, but all of those, United Healthcare group has set an alltime high today. Shares of dell shooting about 3
Federal reserve. Nicole petallides, and we need you to stay healthy. Lets look at major markets, Dow Jones Industrials down again, 6 did a row below 15,000. Fourteen thousand nine sixtythree, a loss of 40 points. The nasdaq managing to squeeze out fractionally, the isnt the 500 lower. And retailers, American Eagle outfitters, j. C. Penney and down arrows, homebuilders after a good existing home sales, as you noted with an non federal some should today and later in the week jackson hole, some Economic News as well that we will be touching on. Connell all right, nicole. Latest developments here, football on your phone. This is a good story. Google wants to be part of it. Much has been made about this directv at making the rounds starring the manning brothers looking ridiculous. If you think they look like geeks how about these guys . Larry page to be the owner of your monday ticket. The contract is up with directv and the nfl after the 2014 season so that leaves the door open. Google cou