FDIC Adds Twenty-Seven More Banks to “Troubled” List

On August 26, the Federal Deposit Insurance Corporation increased the number of banks it considers in danger of failure from 90 to 117 and responded indirectly to concerns about its ability to insure money on deposit at retail banking institutions. The FDIC is considering increasing the fee it charges retail banks to insure their . . . → Read More: FDIC Adds Twenty-Seven More Banks to “Troubled” List

The Economy’s Affect on Artists: A Bifurcated Reality

When the economy is in a slump, for the vast majority of the population, discretionary income is often cut, leaving people to spend for necessities rather than luxuries. Save an elite few, art is generally considered a luxury or perhaps an investment rather than a daily need. But for those who make their living . . . → Read More: The Economy’s Affect on Artists: A Bifurcated Reality

Very Soon, You Can Invest in Australia

On August 25, the U.S and Australian regulators agreed to allow brokers and exchanges to do business in each county while being regulated only by the their home country. This could start as early as January. For the United States Securities and Exchange Commission (SEC), this is seen as a step towards its goal . . . → Read More: Very Soon, You Can Invest in Australia