Lawyers for a group of China-based scrap-metal recyclers have asked a federal court in New Jersey to return $5.5 million in cash, a Porsche Cayman Coupe, and a Texas warehouse, all seized last winter during a Homeland Security probe of worn coins sold to the U.S. Mint in Philadelphia.
The nation's disappointing job growth this summer - just 142,000 net new hires in September, versus predictions above 200,000 - is one sign that "weakness in the global economy is washing onto American shores," writes James Marple, senior economist at TD Bank, in a report to borrowers.
Why do we need a Federal Reserve Bank of Philadelphia? Americans don't trust central bankers (Who does?), so the people who set up the national Fed planted 12 mini-Feds, giving locals someone to plead our stories to the Wall Street moguls and Washington know-it-alls.
FirstRound Capital, the early-stage venture investment firm, says it has made its largest-ever investment - $4 million - in Clover Health, a Medicare Advantage plan that uses patient data analytics to predict users' health-care spending, encourage preventive care, and reduce hospital visits.