FROM Joe Nocera
The Tragic Mathematics of Gun Violence Another lone gunman grabbed headlines last week in California, but so-called mass shootings rarely kill more than a dozen people. That's all too many, but it's a fraction of the 20 to 30 deaths every day from firearms -- 32,000 every year: the daily gun violence that does not receive saturation news coverage. Each rampage focuses attention on killers with mental illness. But most of the mentally ill are not violent, and most violent people are not mentally ill. Is there some way to reduce the carnage without violating the gun rights now recognized by the US Supreme Court?
Ditching Big Bad Banks: Are There Alternatives? Big banks bailed out because they were "too big to fail" are now jacking up fees on small businesses and individual consumers. Bank of America plans to impose a $5 monthly fee on depositors who use debit cards. Citibank says it’ll raise fees on accounts with less than $15,000. New York Times columnist Joe Nocera says there are many "juicy angles" to be pursued. He's going with " gouging ." Is it time to transfer money to smaller institutions and credit unions? Is the entire banking system due for an overhaul? We hear from Nocera and others.
Big Banks: Are There Alternatives? Bank of America plans to impose a $5 monthly fee on depositors who use debit cards and Citibank says it'll raise fees on accounts with less than $15,000, igniting the latest firestorm over personal and small-business finance. Now that new rules require disclosure of what previously was hidden, more and more customers are looking for some place else to put their money. Quarterly reports are expected to show that big banks are feeling some pain in their profit margins. Are small depositors paying for their bad investments? Will the new Consumer Financial Protection Bureau be able to curb abuses?
Government Tries to Keep AIG Afloat The insurance giant American International Group posted the biggest quarterly loss in American history during the last three months of last year, $62 billion. That happened even with $150 billion in taxpayer assistance. Today, the Treasury Department said AIG will get $30 billion more , and it's likely there will be more to come. Joe Nocera is a business columnist for the New York Times .
East Asia: President Trump's first foreign policy test Starting with North Korea's latest test of nuclear missiles, a chain of events is causing instability in Asia. Could it turn into the first real foreign policy crisis of the Trump Administration?
America's top diplomat faces challenges in Asia Whatever happened to America's "pivot to Asia?" That's just one of the questions left hanging since Rex Tillerson's first trip there as Secretary of State. Is the Trump Administration hoping to change Foreign Policy or maintain the status quo?
Political appointments and the reshaping of the judiciary President Trump has the chance for a long-term impact -- not just on the US Supreme Court, but on the entire federal court system. And his nominees are likely to get the support of a massive spending campaign by donors who don't have to reveal their names. Can President Trump "pack" the federal court system?