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JPMorgan Chase recently donated an unprecedented $4.6 million to the New York City Police Foundation. The gift was the largest in the history of the foundation and will enable the New York City Police Department to strengthen security in the Big Apple. The money will pay for 1,000 new patrol car laptops, as well as security monitoring software in the NYPD's main data center.
New York City Police Commissioner Raymond Kelly sent CEO and Chairman Jamie Dimon a note expressing "profound gratitude" for the company's donation.
"These officers put their lives on the line every day to keep us safe," Dimon said. "We're incredibly proud to help them build this program and let them know how much we value their hard work."
Weak economic prospects set to be highlighted this week could prompt the Bank of England to pump more money into the British economy in an attempt to kick start the stalling recovery.
The Bank's Monetary Policy Committee (MPC) could vote on Thursday to spend a further £50bn on assets, on top of the £200bn it spent between March 2009 and January 2010, to try and boost growth during the recession.
"There is a very good case for being bold and acting promptly," said Philip Shaw, economist at Investec. "Our view is that the MPC will sanction a further £50bn of QE [quantitative easing] at [this] week's meeting..."
Michael Saunders, economist at Citigroup... said the Bank was likely to increase its stock of purchases under QE to a total of £500bn over the next few quarters.
The next big step in the gold standard debate is going to be taken next month at Washington, when one of the original members of the Reagan-era United States Gold Commission offers a five-step plan to return America to sound money.
The architect of the plan, Lewis Lehrman, a businessman and scholar, will present his program in an address October 5 at a conference in Washington on the how to return to a stable dollar. He will outline a five-step program to return America to a gold-backed currency within five years.
FLOORED Episode 1
A world that's more riot than profession, the trading floors of Chicago are a place where gambling your family's mortgage is all in a day's work. Floored offers a unique window to this lesser-known world of finance. These men may not have degrees, but they've got guts, and penchant for excess that solicits simultaneous feelings of revulsion and admiration. But like many aspects of our economy, technology is changing the way these traders do business, and these eccentric pit denizens aren't the type to take kindly to new tricks. - Watch
Originally posted by mossme89
reply to post by DangerDeath
That makes more sense. I was just watching the video and thinking "How does this have anything to do with today's Europe?"