The nation’s commercial banks and savings institutions reported a 13% rise in net income in the third quarter, hitting a record as institutions’ profits soared and expenses moderated.
Read the Full Article: Source – Wall Street Journal
Time For Truth: (Wall Street Journal) – U.S. Banks Report Record Profit in Third Quarter
A mother holds her infant son Luke during a visit with him at Lily’s Place, a treatment center for opioid-dependent newborns in Huntington, West Virginia, October 19, 2015.
The rates of babies in rural American areas born with symptoms of opioid withdrawal has skyrocketed, illustrating another symptom of the ongoing opioid epidemic spreading through parts of the United States.
Read the Full Article: Source – CNBC
Time For Truth: (CNBC) – Rising number of rural American babies born with opioid withdrawal
On the surface, the message from the University of Michigan’s final reading of consumer sentiment for November is that President-elect Donald Trump will fix what ails the nation — fast.
The consumer expectations index of the survey rose by 8.4 points from October to 85.2 — a one-month gain last exceeded in the December 2011 — a testament to households’ optimistic view on the outlook for the U.S. economy and their own pocketbooks.
Read the Full Article: Source – Bloomberg
Time For Truth: (Bloomberg) – Soaring Consumer Confidence: Are Americans Happy It's Trump, or Just Happy It's Over?
The U.S. is home to a working class suffering from stagnant incomes and declining job prospects—widespread struggles that helped elect Republican Donald Trump. The relative wealth of Americans in all age groups keeps falling, compared with previous decades.
Read the Full Article: Source – Bloomberg
Time For Truth: (Bloomberg) – Cheer Up, America: 1,700 Millionaires Are Minted Every Day
Some upper-income Texans are headed down below, not Australia, but below the surface.
An investor group is planning for a doomsday scenario by building a $300 million luxury community replete with underground homes. There will also be air-lock blast doors designed for people worried about a dirty bomb or other disaster and off-grid energy and water production.
Read the Full Article: Source – CBS News
Time For Truth: (CBS News) – Texas Community Goes Underground For Doomsday Prep