Great corporations exist only because they are created and safeguarded by our institutions; and it is therefore our right and our duty to see that they work in harmony with these institutions.
The U.S. November 2012 monthly trade deficit increased by 15.85%. This is an increase of $6.667 billion to give a monthly trade deficit of $48.731 billion. November's U.S. exports increased $1.744 billion or 0.96%. Imports soared by $8.410 billion which is a 3.8% increase from last month. The three month moving average gives a trade deficit of $43.691 billion and a increase of $2.05 billion.
When Obama nominated current White House chief of staff and former Office of Management and Budget Director Jack Lew for Treasury Secretary all the main stream press could talk about was his loopy signature.
The BLS November JOLTS report, or Job Openings and Labor Turnover Survey shows there are 3.3 official unemployed per job opening. Opportunities, actual hires were flat lined, showing a stagnant, dead pool job market. While openings increased by 0.3%, actual hires had no change, 0.07%. There were 3.7 million job openings for November, still way below pre-recession levels of 4.7 million.
The Federal Reserve's consumer credit report for November 2012 shows a 7.0% annualized monthly increase in consumer credit, once again driven by student loans. Revolving credit increased by 1.1%, and non-revolving credit jumped another 9.6%. October showed consumer credit increasing by a 6.2% annualized rate.
The most incredible headline flashed across the screen, AIG is thinking of suing the Federal Government for bailing them out. This is the company at the heart of financial contagion. AIG had created derivative dominoes where if one financial institution failed, that one institutional failure would trigger credit default swaps derivatives which in turn would collapse the entire global system.
The Federal Reserve and the Office of the Comptroller of the Currency are cutting an $8.5 billion deal against ten of the largest banks for their systematic foreclosure and loan modifications abuse which resulted in millions losing their homes. From the settlement press release.
The BLS unemployment report shows total nonfarm payroll jobs gained were 155,000 for December 2012. October was revised down by 1,000 to 137,000 job and November was revised up, from 146,000 to 161,000 in employment gained. Many in the press are implying this is a good report when the monthly gain represents the very weak job growth America have been experiencing for the last two years.
Welcome to the weekly roundup of great articles, facts and figures. These are the weekly finds that made our eyes pop. 
When Obama nominated current White House chief of staff and former Office of Management and Budget Director 
The most incredible headline flashed across the screen, 
The Federal Reserve and the Office of the Comptroller of the Currency are cutting an $8.5 billion deal against ten of the largest banks for their systematic foreclosure and loan modifications abuse which resulted in millions losing their homes. From the settlement
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