Money & Markets – Week of 09.15.13

U.S. SEC Approves Long-Awaited Municipal Adviser Rule
Reuters | 18 September 2013
The U.S. Securities and Exchange Commission unanimously approved on Wednesday a long-awaited rule…

How to Rate a Local Government Bond in 7 Simple Steps
The Washington Post | 12 September 2013
New York issued the nation’s first municipal bond just 201 years ago…

JP Morgan Makes $920m London Whale Payout to Regulators
BBC News | 19 September 2013
US bank JP Morgan Chase has agreed to pay four regulators $920m…

The True Size of the Shadow Banking System Revealed
The Physics arXiv | 17 September 2013
The shadow banking system is vastly bigger than regulators had thought…

Fitch: If Detroit’s Novel Bankruptcy Filing Goes Through, We May Have To Reevaluate Everyone Else’s Muni Bonds
Business Insider | 18 September 2013
Detroit’s bankruptcy is unprecedented, not least because it’s the largest one ever…

Here’s 222 Years of Interest Rate History on One Chart
Yahoo! Finance | 18 September 2013
How far back should you go to chart interest rates if you want to know what kind of cycle we’re in?

FRB: Press Release – Federal Reserve Issues FOMC Statement
Federal Reserve | 18 September 2013
Information received since the Federal Open Market Committee…

In Surprise, Fed Decides Not to ‘Taper’
Marketwatch | 18 September 2013
Cites strains on economy for standing pat…

Buffett’s Berkshire Hathaway Mints Another Billionaire
Yahoo! Finance | 17 September 2013
Here’s proof that “buy and hold” works when it comes to stocks…

Construction Outsourcing: A Philippine Builder Delivers
Businessweek | 05 September 2013
At the Atlantic, Gulf & Pacific construction yard…

Millennials Are Changing the Rules of Investing
Yahoo! Finance | 17 September 2013
The financial crisis changed the world in many ways but here’s one you probably didn’t even think of…

New Study Warns of US Long-Term Debt Problems
Yahoo! Finance | 17 September 2013
A new government study says that federal health care and retirement programs threaten…

Employment Gap Between Rich, Poor Widest on Record
AP | 16 September 2013
The gap in employment rates between America’s highest- and lowest-income families has stretched to its widest levels…

Dow Jones Reshuffles Index to Add Goldman, Kick Out Bank of America
Bloomberg Businessweek | 10 September 2013
The Dow Jones industrial average, the 30-company index that for many Americans is synonymous with the stock market…