Showing posts with label US. Show all posts
Showing posts with label US. Show all posts
Saturday, April 28, 2012
Test Trust of you
The Trust Molecule
Why are some of us caring and some of us cruel, some generous and some greedy? Paul J. Zakon the new science of morality— and how it could be used to create a more virtuous society.
By PAUL J. ZAK
Why are some people trustworthy, while others lie, cheat and steal? Part of the answer may reside in a hormone called oxytocin. Claremont Graduate University's Paul Zak talks with WSJ's Gary Rosen about how a "vampire wedding" helped him understand how this chemical works to control trust, empathy and virtue.
Could a single molecule—one chemical substance—lie at the very center of our moral lives?
Research that I have done over the past decade suggests that a chemical messenger called oxytocin accounts for why some people give freely of themselves and others are coldhearted louts, why some people cheat and steal and others you can trust with your life, why some husbands are more faithful than others, and why women tend to be nicer and more generous than men. In our blood and in the brain, oxytocin appears to be the chemical elixir that creates bonds of trust not just in our intimate relationships but also in our business dealings, in politics and in society at large.
Known primarily as a female reproductive hormone, oxytocin controls contractions during labor, which is where many women encounter it as Pitocin, the synthetic version that doctors inject in expectant mothers to induce delivery. Oxytocin is also responsible for the calm, focused attention that mothers lavish on their babies while breast-feeding. And it is abundant, too, on wedding nights (we hope) because it helps to create the warm glow that both women and men feel during sex, a massage or even a hug.
Saturday, September 3, 2011
US's economy trouble maker has revealed
US sues 17 big banks over financial-crisis losses
By Alexander Osipovich | AFP News – 11 hours agoEnlarge PhotoA view of Fannie Mae headquarters is seen in Washington, DC, 2008. US authorities …
Enlarge Photo US authorities on Friday sued 17 major banks for losses on mortgage-backed securities …
US authorities on Friday sued 17 top US and foreign banks over "billions of dollars" in losses on mortgage-backed securities that plunged in value in the 2008 financial crisis.
In court filings the Federal Housing Finance Agency alleged that in some cases the lenders committed fraud in selling nearly $190 billion in securities to mortgage giants Fannie Mae and Freddie Mac, which had to be bailed out by the government.
US firms targeted in the suits included Bank of America, Goldman Sachs, Citigroup, JPMorgan Chase, Morgan Stanley, General Electric, Ally Financial and First Horizon.
The foreign banks were Deutsche Bank, HSBC, Credit Suisse, Barclays, Nomura, the Royal Bank of Scotland and Societe Generale.
The FHFA also sued two former mortgage giants -- Countrywide Financial and Merrill Lynch -- which are
In court filings the Federal Housing Finance Agency alleged that in some cases the lenders committed fraud in selling nearly $190 billion in securities to mortgage giants Fannie Mae and Freddie Mac, which had to be bailed out by the government.
US firms targeted in the suits included Bank of America, Goldman Sachs, Citigroup, JPMorgan Chase, Morgan Stanley, General Electric, Ally Financial and First Horizon.
The foreign banks were Deutsche Bank, HSBC, Credit Suisse, Barclays, Nomura, the Royal Bank of Scotland and Societe Generale.
The FHFA also sued two former mortgage giants -- Countrywide Financial and Merrill Lynch -- which are
Tuesday, August 9, 2011
Stocks are on the sky again
Stocks Rally Ahead of Fed
By STEVEN RUSSOLILLO
NEW YORK—U.S. stocks rose Tuesday morning in what is expected to be another volatile session as investors awaited the Federal Reserve's policy statement and any hint that the central bank will be able to calm markets and boost the economy.
The Dow Jones Industrial Average was recently up 228 points, or 2.1%, at 11037. The index briefly turned negative shortly after the opening bell, but has rallied since.
Bank of America led the measure higher, rising 4.8% after tumbling 20% in Monday's rout. J.P. Morgan Chase gained 4%. The Dow fell 635 points on Monday, the sixth-biggest point drop in its history, to close at a 10-month low.
The blue-chip index fell beneath 11000 for the first time since November in the wake of Standard & Poor's downgrade of the U.S. government's credit rating. Jittery investors have fretted over government debt and the possibility that the economy could slide into another recession.
The Standard & Poor's 500-stock index climbed 26 points, or 2.3%, to 1145, led higher by financial and material stocks. Financial stocks were hit the hardest in Monday's drubbing. The technology-oriented Nasdaq Composite gained 61 points, or 2.6%, to 2418.
By STEVEN RUSSOLILLO
NEW YORK—U.S. stocks rose Tuesday morning in what is expected to be another volatile session as investors awaited the Federal Reserve's policy statement and any hint that the central bank will be able to calm markets and boost the economy.
The Dow Jones Industrial Average was recently up 228 points, or 2.1%, at 11037. The index briefly turned negative shortly after the opening bell, but has rallied since.
Bank of America led the measure higher, rising 4.8% after tumbling 20% in Monday's rout. J.P. Morgan Chase gained 4%. The Dow fell 635 points on Monday, the sixth-biggest point drop in its history, to close at a 10-month low.
The blue-chip index fell beneath 11000 for the first time since November in the wake of Standard & Poor's downgrade of the U.S. government's credit rating. Jittery investors have fretted over government debt and the possibility that the economy could slide into another recession.
The Standard & Poor's 500-stock index climbed 26 points, or 2.3%, to 1145, led higher by financial and material stocks. Financial stocks were hit the hardest in Monday's drubbing. The technology-oriented Nasdaq Composite gained 61 points, or 2.6%, to 2418.
Sunday, August 7, 2011
US Stock Exchange bloodbath
..World stocks slide further
By Ben Perry
AFP News – Sat, Aug 6, 2011.
Enlarge Photo.A display board showing the Hang Seng Index in Hong Kong. Hong Kong shares dived …
Enlarge Photo.Closings for Tokyo, Sydney, Seoul and Taipei stock markets. Global stocks plunged …
AP - Sat, Aug 6, 2011.....Surprisingly robust US jobs data sparked only a brief rebound on Wall Street and in Europe on Friday, leaving investors scarred from a week of heavy losses brought on by slow growth and eurozone debt concerns.
European stock markets initially dived 3.0-4.0 percent after heavy falls in Asia, and rally quickly lost steam following the announcement that the US economy gained a net 117,000 jobs in July.
London's FTSE-100 index closed down 2.71 percent to 5,246.99 points for a weekly loss of 9.8 percent, wiping nearly £150 billion ($246 billion, 173 billion euros) off its total value over the last five days.
In Frankfurt, the DAX dropped 2.78 percent to 6,236.16 points, dropping 13.3 percent over the week.
In Paris, the CAC-40 slid 1.26 percent to 3,278.56 points to chalk up a record 10th consecutive daily loss. It lost 10.7 percent over the week.
In highly volatile trading, Madrid and Milan rebounded for part of the day on rumours that that the European Central Bank was preparing to buy hard-hit Spanish and Italian bonds, before falling back.
Madrid ended the day down 0.18 percent and dropped 10 percent over the week, while Milan fell 0.70 percent on Friday and lost 13.12 percent for the week.
Wall Street also opened higher on the surprisingly strong jobs data, but the rally quickly fizzled.
By Ben Perry
AFP News – Sat, Aug 6, 2011.
Enlarge Photo.A display board showing the Hang Seng Index in Hong Kong. Hong Kong shares dived …
Enlarge Photo.Closings for Tokyo, Sydney, Seoul and Taipei stock markets. Global stocks plunged …
AP - Sat, Aug 6, 2011.....Surprisingly robust US jobs data sparked only a brief rebound on Wall Street and in Europe on Friday, leaving investors scarred from a week of heavy losses brought on by slow growth and eurozone debt concerns.
European stock markets initially dived 3.0-4.0 percent after heavy falls in Asia, and rally quickly lost steam following the announcement that the US economy gained a net 117,000 jobs in July.
London's FTSE-100 index closed down 2.71 percent to 5,246.99 points for a weekly loss of 9.8 percent, wiping nearly £150 billion ($246 billion, 173 billion euros) off its total value over the last five days.
In Frankfurt, the DAX dropped 2.78 percent to 6,236.16 points, dropping 13.3 percent over the week.
In Paris, the CAC-40 slid 1.26 percent to 3,278.56 points to chalk up a record 10th consecutive daily loss. It lost 10.7 percent over the week.
In highly volatile trading, Madrid and Milan rebounded for part of the day on rumours that that the European Central Bank was preparing to buy hard-hit Spanish and Italian bonds, before falling back.
Madrid ended the day down 0.18 percent and dropped 10 percent over the week, while Milan fell 0.70 percent on Friday and lost 13.12 percent for the week.
Wall Street also opened higher on the surprisingly strong jobs data, but the rally quickly fizzled.
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