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 .
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.
The longest US war: Will Trump send more troops to Afghanistan? The Trump White House is divided over the Pentagon's request for more troops in Afghanistan—where the US has been fighting for the past 16 years. Is there a formula -- either for "victory" or a political settlement? Is there an end in sight for America's longest war?
Trump plays scolder-in-chief with NATO allies At the opening of NATO’s dramatic new headquarters in Brussels today, President Trump acknowledged that Article 5 — promising that “an attack on one nation is an attack on all” -- has only been invoked one time: in the aftermath of September 11. But the President failed to provide what 27 other Alliance members have been waiting for: a re-commitment by America’s new leader to Article 5. Instead, they got a scolding.
The Trump agenda: where's the beef? President Trump says big things are happening. After celebrating a House bill on health care, he doesn’t yet have Senate agreement. With James Comey’s public testimony scheduled tomorrow, the President today tweeted his selection of a new FBI Director. Is the Chief Executive all style and no substance? Later, terror attacks in Iran and conflicting claims about who’s behind them.