The Federal Reserve has given the green light to major banks in the U.S. to raise dividends and buy back shares, judging them to have a sturdy enough financial foundation to withstand a major economic downturn.
It was a year that experienced the loss of 2.6 million jobs nationwide. The unemployment rate ended the year at its worst level since the early 1990s. But for millions of young adults, it was still their turn to come out of college and enter the labor market.
It is no secret that New Jersey's recovery from the recession is lagging far behind neighboring states. Democratic legislators have consistently blamed Gov. Chris Christie. At a Senate Budget Committee hearing on Tuesday, Christie's treasurer was asked about the topic and laid out several reasons for the Garden State's slow rebound.
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