Why, then, would they spend 500 million on a radically new plant . How could an idea developed by two College Dropouts be worth 300 million . A fundamental incentive of our Economic System is to make money. It is why we work, save, invest, and take risks. Individuals and institutions alike want to maximize the money they can get from the marketplace. Profits and interest how do you get the best return . With economic analyst richard gill, well investigate that question on this edition of economics usa. Im david schoumacher. The church first decreed that charging for the use of money was sinful. The concept of usury and its immorality is found in the bible. By the middle ages, it was church law. Usury came to mean excessive Interest Rates. Limiting rates to reasonable levels was adopted as government policy. What caused that policy to work against people it was designed to protect . For 100 years, maryland Financial Institutions lived with laws setting usury ceilings. Because Interest R
We had here. This beats out the money wells fargo and any other bank. 8 million dollars, slightly higher than what analysts were looking for. They were looking for something in a neighborhood of 5. 2 million and certainly from the Fourth Quarter when wells fargo put aside 485 million. The bank indicated it would build some reserves for potentially bad oil as those Companies Facing challenges because of the falling oil prices. Efficiency ratio of 50. 8 . This is an important indicator for their ability to keep their costs under control. Management has been a big theme as they have been waiting for some kind of loan recovery in this not sluggish economy but moderately growing. In terms of what kind of movement it is having in the premarket right now, im looking for the wells fargo share price, and it looks like. 5 higher. A stock is trading higher in the premarket after First Quarter increased 12 . I also have the Net Interest Margin for wells fargo. Wells fargo relies so much more on Co
Lamar. She disappeared back in 2012. Investigators have still not found her body. They say significant dna evidence connects torres to the disappearance. Police have arrested a man they believe shot and killed a woman after a fender bender accident in San Francisco. 24yearold Michael Green was found in miami and will be expedited in miami both for murder and attempted murder. Green is accuse or the killing warren and injurying her friend outside a nightclub last november. Witnesses say he opened fire after a fender bender accident in the parking lot. Massive prison sentenced to for a ring leader of a hate crime attack. Salvador was one of four men involved in the 2008 brutal attack on a richmond street. He will get more than 400 years in prison. Prosecutors say the victim was targeted because shes a lesbian. When people talk about the next big one, we could be all wrong. Scientists say we could be for a cluster of large quakes. Kpix 5 reporter len ramirez joins us with more. Len. Repor
Tunnel collapses . A tunnel collapse is more dangerous. But often those two things happen at the same time. That is what is called your time to die. Woodruff those are just some of the stories were covering on tonights pbs newshour. Major funding for the pbs newshour has been provided by and by the alfred p. Sloan foundation. Supporting science, technology, and improved Economic Performance and Financial Literacy in the 21st century. And with the ongoing support of these institutions and foundations. And. This program was made possible by the corporation for public broadcasting. And by contributions to your pbs station from viewers like you. Thank you. Ifill a dangerous cold wave that could be one for the record books moved deeper into the heart of the nation today. The frigid air pushed east from the Northern Plains and midwest, and began snarling travel and schools. Newshour correspondent kwame holman has our report. Reporter the frigid system is again driving arctic air and snow sou
Compressor stops, or when the tunnel collapses . A tunnel collapse is more dangerous. But often those two things happen at the same time. That is what is called your time to die. Woodruff those are just some of the stories were covering on tonights pbs newshour. Major funding for the pbs newshour has been provided by and by the alfred p. Sloan foundation. Supporting science, technology, and improved Economic Performance and Financial Literacy in the 21st century. And with the ongoing support of these institutions and foundations. And. This program was made possible by the corporation for public broadcasting. And by contributions to your pbs station from viewers like you. Thank you. Ifill a dangerous cold wave that could be one for the record books moved deeper into the heart of the nation today. The frigid air pushed east from the Northern Plains and midwest, and began snarling travel and schools. Newshour correspondent kwame holman has our report. Reporter the frigid system is again d