More than half of that amount, $8.5 billion, was paid out in fines and settlements as the result of illegal actions taken by bank executives.
$8.5 billion is almost 12 percent of the net income the mega-bank brought in during the same period.
What It Costs the Worst Bank to Be Truly Evil
Utah’s Fight For Clean Air: Breathless in Zion
Did you know that Utah has one of the worst air pollution problems in the country? The impacts are startling: The pollution is making people sick. Living under the smothering summer ozone or winter inversion is a big reality that many families and mothers have to endure.
Many studies point to the link between exposure to air pollutants and dangerous consequences to health. Asthma, respiratory diseases, strokes and heart attacks are just some of the health issues associated with bad air quality.
Drilling Companies Agree to Settle Fracking Contamination Case for $750,000
Range Resources, MarkWest Energy and Williams Gas agreed to settle a high profile contamination case in Washington County for $750,000, according to recently unsealed court records. An order to unseal the records was entered Wednesday in Washington County Court of Common Pleas by President Judge Debbie O’Dell-Seneca.
Judge O’Dell-Seneca reversed an earlier decision to permanently keep the more than 900 pages of court records secret. In the order she stated that the drilling company’s claims of privacy rights had no merit.
On tape, NYC cop told to frisk 'the right people'
A police inspector in New York, speaking on a recording played in court, orders his subordinate to target male blacks for street stops. The recording was played Thursday, the fourth day of a trial on a class-action lawsuit that covers stop-and-frisk inspections, The New York Times reported.
During a conversation, South Bronx Deputy Inspector Christopher McCormack urged his subordinate, Pedro Serrano, to be more active and conduct more street stops. McCormack told Serrano he needed to stop "the right people at the right time, the right location."
Prairie2 is Bearish on Magic Beans
Initial Unemployment Claims edged up slightly for the week, but are still near five year lows. Building contractors in some previously depressed areas are finding it impossible to keep up with the demand for new units. This is partly because of the unavailability of existing homes because underwater owners can't sell, and partly it's pent up demand that is being released by the improving economy.
All of a sudden we don't have an immediate debt crisis, at least according to some prominent Republicans in Congress. Basically they're admitting to having lied about the 'debt crisis', literally the day before the new talking points came out, because nothing has changed. A new Continuing Resolution has passed Congress that will take some things off the Sequester chopping block, it still requires the President's signature.
Obama Energy Nominee’s MIT Fracking Study Faulted Over Industry Ties
President Barack Obama’s nominee for energy secretary is drawing criticism for leading a study that minimized risks of natural gas while failing to disclose that some of its researchers had financial ties to the industry.
The nominee, Ernest Moniz, who now is the head of the Massachusetts Institute of Technology’s Energy Institute, came out with its report in 2011 that said the environmental risks of increased drilling and production “are challenging but manageable.”
Drought that ravaged US crops likely to worsen in 2013, forecast warns
The historic drought that laid waste to America's grain and corn belt is unlikely to ease before the middle of this year, a government forecast warned on Thursday.
The annual spring outlook from the National Oceanic and Atmospheric Administration predicted hotter, drier conditions across much of the US, including parts of Texas, Oklahoma and Kansas, where farmers have been fighting to hang on to crops of winter wheat.
Telescope that eyes Big Bang’s afterglow shows universe is 80 million years older than thought
New results from looking at the split-second after the Big Bang indicate the universe is 80 million years older than previously thought and provide ancient evidence supporting core concepts about the cosmos — how it began, what it’s made of and where it’s going.
The findings released Thursday bolster a key theory called inflation, which says the universe burst from subatomic size to its now-observable expanse in a fraction of a second. The new observations from the European Space Agency’s $900 million Planck space probe appear to reinforce some predictions made decades ago solely on the basis of mathematical concepts.
Climate Change Denying Congressman to Head Subcommittee on Climate Change
As the new chairman of a key House subcommittee on the environment, Rep. Chris Stewart (R-Utah) will be one of the GOP's leading actors when it comes to the Environmental Protection Agency and the growing threats from climate change.
So with his first hearing as chairman on tap for Wednesday, what does the freshman Republican—and end times novelist—think about anthropogenic global warming? He's not sure.
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