This week saw the end of a years-long, international, multi-billion-dollar battle over one of the most boring things in finance: savings accounts.
At the center of the battle was Iceland, a tiny country where the banks grew into international behemoths during the credit bubble.
The banks got so big partly by convincing foreigners to open up online savings accounts. In particular, lots of people in England and Netherlands opened up "ICESAVE accounts" with a bank called Landsbanki. During the financial crisis, the bank collapsed.
Friday marks the day that 100 years ago, Grand Central Terminal opened its doors for business for the very first time. The largest railroad terminal in the world, the magnificent Beaux-Arts building is in the heart of New York City on 42nd St. And while it no longer serves long-distance trains, it's still a vibrant part of the city's eco-system.
People will be seeing red today across the country; not because they’re angry, but because today the American Heart Association is encouraging people to participate in National “Wear Red Day” to raise awareness about women’s cardiovascular disease. Lori Fovel spokesperson for the AHA Cincinnati chapter, explained the campaign to WNKU’s Matt Kelley.
Originally published on Thu January 31, 2013 7:56 pm
So what did we learn from Secretary of Defense nominee Chuck Hagel's sometimes rocky confirmation hearing Thursday before the Senate Armed Services Committee?
1) We learned that the former two-term Republican senator from Nebraska with the reputation for speaking his mind and not sticking to his party's talking points has through the years said lots of things that could be used against him in such a setting.