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Underreported Story Alert: American Businesses Had Their Best Quarter Ever

Cha-Ching!

Here’s something to get you in the holiday spirit: According to Catherine Rampell at the New York Times, last quarter’s corporate profits were the highest on record. “American businesses earned profits at an annual rate of $1.66 trillion in the third quarter,” Rampell writes—the largest amount since the government began tracking earnings more than 60 years ago.

The Great Recession Turns One: Five Seminal Moments

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Happy Anniversary Great Recession. A year ago today Lehman Bros. filed for Chapter 11 bankruptcy and sent the economy into a tailspin the country is still struggling to cope with. Here’s a look back at the top five media moments from the last twelve months.

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