The financial industry was stunned last summer when the Federal Reserve handed down a rule that effectively halved the amount banks could charge stores every time one of their customers swiped a debit card at a checkout terminal. So why is a trade group representing retail merchants now suing the Fed for its decision?
There was something dramatic and striking about the Dallas Mavericks’ victory over the Miami Heat in the NBA Finals on Sunday. It was the stark contrast of the multimillionaire players of a multi-billion dollar league arousing not the animosity but the passion of millions of fans who are almost certainly not faring as well.
After enduring month after month of conscientiously not spending, people in certain circles are experiencing “frugal fatigue.” Is an epic shopping binge inevitable?
Or maybe these are signs of the apocalypse. I’m not sure. Unemployed horses! Bankers invading the CIA! Nickel is a hot investment! Mayhem!
