Shoppers stormed retail stores this past weekend, and now on Cyber Monday, many are clicking their way to more purchases.
"I am definitely a price-based shopper," said Sarah Kelly, a 28-year-old Washington, D.C., resident who bought a KitchenAid mixer Monday morning as a holiday gift. She also bought shoes, clothes and other presents after waking early to search for online coupons and shipping offers. "I only purchase if the shipping is free," she said.
Bloomberg ran quite a story, yesterday. It stems from a Freedom of Information Act Request that yielded the details of previously secret borrowing from the federal government to the biggest banks.
The bottom line, reports Bloomberg, by March of 2009, the Fed had committed $7.77 trillion "to rescuing the financial system, more than half the value of everything produced in the U.S. that year." The lending began in August of 2007.
This week, John Hinckley Jr. faces a hearing to determine whether or not he can be released from a mental health facility to care for his ailing mother. The case raises questions about the role of the insanity defense and what happens to the criminally insane after they leave the courtroom.