Jerry Paper – Forward Forensics

US banks sitting on unrealized losses of $620 billion

March 12, 2023Jerry Paper

Silicon Valley Bank’s collapse last week sent tingles of panic down investors’ spines as it highlighted a larger problem across the banking sector: The widening gap between the value large lenders place on the bonds they hold and what they’re actually worth on the market. SVB’s downfall was tied, in part, to the plunge in […]

Iran. Washington criticizes latest executions and death sentences

January 10, 2023Jerry Paper

The United States government on Monday joined other Western countries in criticizing the latest executions and new death sentences in Iran, following protests against Iran’s theocratic regime. “We condemn the executions of Mohammad Mehdi Karami and Mohammad Hosseini and the additional sentences announced today [Monday],” U.S. National Security Adviser Jake Sullivan stressed. In a statement […]

Protests in China send oil prices plummeting

November 28, 2022Jerry Paper

The Covid protest wave in China is putting pressure on oil prices at the start of the week. US crude oil was cheaper in the morning than it has been for months. Oil prices fell sharply on Monday, continuing the losing trend of the past week. At the start of the week, concerns about further […]

Reading and math test scores fell across US during the pandemic. How did your state fare?

October 24, 2022Jerry Paper

As educators, community members and parents work to help kids catch up from pandemic-related learning loss through accelerated learning and high dosage tutoring , national test scores published Monday prove a loss already felt in America’s schools. Results from the National Assessment of Educational Progress show dramatic and sobering declines in math and reading scores […]

Nicholas Sparks’ ‘Dreamland’ captures No. 1 spot, ‘Wolf Hall’ returns to bestsellers list

September 30, 2022Jerry Paper

Nicholas Sparks ‘ ” Dreamland ” (Random House, 384 pp.) debuts at No.1 this week on USA TODAY’s Best-Selling Books list . The novel follows the trials and tribulations of a young couple in love and a single mom starting over. Sparks has the magic touch when it comes to bestsellers. Two dozen of his […]

US Chamber of Commerce endorses Oz

September 30, 2022Jerry Paper

The U.S. Chamber of Commerce on Thursday endorsed Republican Senate hopeful Mehmet Oz in his bid to win Pennsylvania’s open senate seat. The corporate lobbying group in a release called Oz a “pro-business champion” and knocked his Democratic opponent, Pennsylvania Lieutenant Gov. John Fetterman, for his positions on taxes, energy and the filibuster. “There is […]

Michigan judge approves $54 million settlement for property owners in PFAS case

September 22, 2022Jerry Paper

A judge has given tentative approval to a $54 million settlement involving 3M Co. , a shoe manufacturer and property owners in western Michigan who said their land and wells were contaminated by toxic “forever chemicals.” The deal involves approximately 1,700 properties north of Grand Rapids. The compounds are in a category known as perfluoroalkyl […]

How Yang Huiyan, Asia’s Richest Woman, Lost Half Her Fortune

August 22, 2022Jerry Paper

Yang Huiyan, the majority shareholder of Country Garden, one of China’s largest real estate groups, has seen his wealth halve in just one year. A reversal of fortune illustrates the difficulties of a Chinese market now closely watched by the Beijing authorities. Explanations.She is still the richest woman in Asia but with a fortune cut […]