Corporate Profits Rebound But Household Income Falls In Wake Of Great Recession

Corporate Profits Rebound But Household Income Falls In Wake Of Great Recession: Household incomes have fallen faster since the end of the Great Recession than they did during it, even as corporations have returned to greater profitability than they reached before the Great Recession. Corporate profits passed their pre-recession levels earlier this year, but according to a new study from Sentier Research, household incomes have fallen behind, [...]/p

Federal Reserve Sells Last Of Its Stake In AIG, Turns $18 Billion Profit

Federal Reserve Sells Last Of Its Stake In AIG, Turns $18 Billion Profit: The Federal Reserve of New York sold the last of its stake in American International Group (AIG), the insurance giant bailed out by the federal government in 2008. In selling the last of its assets related to the AIG bailout, the Fed earned an $6.6 billion profit for taxpayers, bringing its total profits from the [...]/p