Here are some dots that need connecting:
- Small businesses still suffering - Jonathan D. Epstein/The Buffalo News
... With major banks still licking their wounds after the financial crisis and ensuing recession, small business owners say it's still very hard to get the credit they need, either to meet existing demand or even to grow, let alone start a company. And when loans are available, rates are higher than before.
- Wider role sought for Treasury secretary - Washington Post/Buffalo News
- Documents: Toyota boasted saving $100M on recall - Ken Thomas/AP/The Buffalo News
Toyota officials claimed they saved the company $100 million by successfully negotiating with the government on a limited recall of floor mats in some Toyota and Lexus vehicles, according to new documents shared with congressional investigators.
- Toyota gets federal grand jury subpoena for recalls - Reuters
- Obama to Urge Oversight of Insurers’ Rate Increases - The New York Times
... By focusing on the effort to tighten regulation of insurance costs, a new element not included in either the House or Senate bills, Mr. Obama is seizing on outrage over recent premium increases of up to 39 percent announced by Anthem Blue Cross of California and moving to portray the Democrats’ health overhaul as a way to protect Americans from profiteering insurers.
- Obama to Seek Curbs on Insurance Hikes - The Wall Street Journal
- A conversation with Kathleen Sebelius - Washington Post video
- How much is enough? - Buffalo News Editorial
America's biggest health insurers post huge profits, seek more
- Credit card law kicks in - AP/Buffalo News
The new credit card law is finally here. Starting today, banks will need to abide by new regulations on terms and disclosures. The idea behind the landmark law was to prevent banks from using practices that often dug borrowers deeper into debt.
- Millions of Unemployed Face Years Without Jobs - Peter S. Goodman/The New York Times
Call them the new poor: people long accustomed to the comforts of middle-class life who are now relying on public assistance for the first time in their lives — potentially for years to come.
Boiled down: Big business is trying to fulfill its sole function: To take your money away from you and give it to its stockholders. Big government might, or might not, be doing something to balance that a little bit in your favor.
End with some words of wisdom from John Lennon, by way of Green Day:
-- George Pyle/The Buffalo News