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 .
Trump's 'America First' goes missing abroad In the Middle East, President Trump is changing some policies of the Obama Administration—and reversing his own campaign attacks on Islam as a religion that "hates us." We hear about his visit to Saudi Arabia and what's at stake for the rest of his foreign excursion.
Will the Senate write a healthcare bill in secret? While Democrats and Republicans argue White House relations with Russia, another question is being decided behind closed doors: who gets help buying health insurance and who doesn't? We hear how the pros and cons are being shrouded in secrecy.
Venezuela spirals into economic and political chaos Venezuela, a country whose potential for prosperity is unmatched, finds itself on the verge of civil war. What sustains the repressive government? With time running out, guest host León Krauze looks at what the international community can do to pull the country from the edge of collapse.
Ex-FBI Director Comey tells his side of the story Today, former FBI Director James Comey came close to calling the President who fired him a liar. The White House denied the claim and called it insulting, but Republican Senators did not challenge Comey’s truthfulness. Many questions remain: did the President try to obstruct a federal investigation? Later, we’ll go behind the “velvet rope” for a look at 5-Star health care for the richest Americans.