Jamie Dimon is not big on Basel. In an interview with the Financial Times, Dimon characterized the Basel III capital rules as anti-American. By reigning in banks, the rules are designed to protect the overall world economy. “We continue to have volatility and uncertainty, and it’s largely a result of us having shot ourselves in [...]
U.S. GDP Revised Downward for Fourth Quarter
The United States’ economy grew slower than previously thought, said the Commerce Department on Friday. The advance estimate of the real gross domestic product – the overall measure of economic output of the United States – was 3.2 percent. The economy actually increased at a lower rate, 2.8 percent, said the Commerce Department. Businesses were [...]
Capoeira: Brazilian Social Networking
Connecting with people, Brazilians and non-Brazilians alike, is one of many reasons to practice capoeira, the Afro-Brazilian art form that combines elements of martial arts, music and dance.
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