Banks: The Big Get Bigger
The financial crisis has created an environment where, because of government-funded bailouts, big banks are getting bigger, as the small ones struggle.
Many small banks who accepted bailout money are in jeopardy of failing. Hundreds have not yet paid back their bailout money. Meanwhile, the larger banks all seem to be faring pretty well, having mostly paid back what they owed the government. The reasons for the different experience over the past few years of big and small banks is pretty simple to explain. Big banks have more diversified balance sheets, so their loan losses weren't as concentrated or severe as small banks' loan losses. When it came to mortgages, for example, most big banks sold many of them to investors through securitizations, while smaller banks more likely held them on their balance sheets.
The best-selling author tells us his methods.
- James Patterson has sold 300 million copies of his 130 books, making him one of the most successful authors alive today.
- He talks about how some writers can overdo it by adding too much research, or worse, straying from their outline for too long.
- James' latest book, The President is Missing, co-written with former President Bill Clinton, is out now.
Pfizer's partnerships strengthen their ability to deliver vaccines in developing countries.
- Community healthcare workers face many challenges in their work, including often traveling far distances to see their clients
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- Pfizer partnered with AMP and the World Health Organization to develop a training program for healthcare workers.
It's the first time the association hasn't hired a comedian in 16 years.
- The 2018 WHCA ended in controversy after comedian Michelle Wolf made jokes some considered to be offensive.
- The WHCA apologized for Wolf's jokes, though some journalists and many comedians backed the comedian and decried arguments in favor of limiting the types of speech permitted at the event.
- Ron Chernow, who penned a bestselling biography of Alexander Hamilton, will speak at next year's dinner.
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