The banking industry has undergone significant consolidation since branching laws were relaxed in the 1990s. But federal regulators still analyze every proposed merger or acquisition to make sure it won't violate antitrust statutes.
Comparing the recent growth in the Eighth District's real estate markets to the previous year's record-breaking pace can make things look a little sluggish. The reality is anything but.
The economy of the Eighth Federal Reserve District gets a second wind.
After decades of discussion, the walls between commerical and investment banking and insurance have finally been taken down. And despite lingering questions about the size and the riskiness of the large institutions that may emerge, the biggest question to ask is why this took so long.
With heavy penalties for post-retirement employment, it's no wonder that senior citizens are choosing the golf course over the labor force.
With the federal government’s blessing, Tennessee replaced Medicaid with a managed care system of its own. Five years later, the prognosis is mixed: Health care coverage is in the pink, but finances are in the red.
Economists debate the cause of seemingly unending rise of stock market prices.
As the Dow toys with 10,000, investors everywhere are positively giddy. But is this unprecedented growth being driven by fundamentals or black magic?
All of the stops and starts the national and regional economies made in 1998 were enough to make a drum major dizzy.
Unemployment’s low, output’s high, and the Eighth District’s economic waters appear to be iceberg-free.
It has been said that, “The value of anything is not what it cost to produce, but what you can get for it at an auction.” The U.S. government’s proving just that with its auctioning off of telecommunication licenses.
Construction may have slowed somewhat in the area’s real estate market, but it’s still worth writing home about.
Apart from environmental arguments, the best way to reduce traffic is to hit drivers in their pocketbooks.
Manufacturers are beginning to discover that, when it comes to an ample and affordable labor force, rural areas in our region put urban ones to pasture.
The Fed’s too-little, too-late actions during the Great Depression failed to save the banking and payments systems from widespread panic. Since then, though, the Fed appears to have learned its lesson.
It’s been said that statistics are like a bikini. What they reveal is suggestive, but what they conceal is vital.
Is the cable TV industry a monopoly? If so, will new players break up the concentration? Should the government let the market work things out on its own? Tune in and find out.
Everyone knows that social welfare programs shackle an economy, right? New evidence shows that such programs’ effects on labor markets are smaller than traditionally thought.
What Nathan Detroit sang about a floating craps game in Guys and Dolls, he never intended people to take him literally. Today, however, we’ve done just that, as casinos dot the nation’s waterways, especially in the river-rich Eighth District.
Competition among states to land the large, job-creating corporation may have reached its nadir in the recent Alabama/Mercedes Benz agreement. To make future incentive packages worth their while, states had better start including some guarantees for themselves.
As the rivers recede, damage estimates are pouring in. But preliminary estimates seldom capture the full extent of a natural disaster.
Some observers want the Fed to do something about the nation's persistently high long-term interest rates. But what they're asking for has been tried before to no avail.