Fed lets China firm buy Morgan Stanley shares: The Federal Reserve on Tuesday approved a proposal by Chinese sovereign wealth fund China Investment Corp. to buy up to 10 percent of the voting shares of Morgan Stanley.
Citigroup to Hire Up to 7, 500 In China: Report: Citigroup Inc plans to almost triple its workforce in China by hiring up to 7,500 people in the next three years, an executive told Bloomberg in an interview published on Tuesday.
Problem bank list climbs to 829: The number of banks at risk of failing rose by 53 to 829, the Federal Deposit Insurance Corp. said in its quarterly survey of the nation's banking system. That increase marks the smallest rise since the first quarter of 2009.
17 Percent of America in Anti-Poverty Programs: One out of every six Americans are in government anti-poverty programs, according to USA TODAY. More than 50 million Americans are in Medicaid. Forty million receive food stamps and 10 million receive unemployment benefits.
Homelessness Up 50% In New York City: If you think you've been seeing more people sleep on city streets, statistics back up the perception. The homeless population living on New York City streets has gone up 50 percent in the past year, according to city statistics reported by the HellsKitchenLife.com blog.
Man 'sick' of poverty gets prison in Pa. heist: An Erie man who told the FBI he was "sick of being poor" has been sentenced to serve six years and nine months for robbing a northwestern Pennsylvania bank and violating his probation for another robbery.
Stranger than fiction: For Newark, it's come to this: Selling city buildings: The city is trying to sell off its buildings to win a cash windfall today, a move that will force it to make rent payments in years ahead. It’s like selling your house to grab the equity, and then renting it back from the new owner..
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