For now Moynihan is clearly banking on cost-saving measures associated with mass layoffs to help convince stock market investors that Bank of America is headed in the right direction and can deal with the current low-interest rate environment, mortgage-related legacy issues and new international banking capital requirements that Moynihan said were the biggest challenges facing his bank.
But the mounting deaths and associated trauma from mass shootings should motivate us to take action to make needed reforms to our gun laws, focus law enforcement resources on combating illegal gun possession and invest in prevention initiatives proven to reduce gun violence.
In fact, an experiment showed that greater Facebook use was associated with a higher body-mass index and increased binge eating, as well as a lower credit score, and higher levels of credit card debt for consumers with many close friends in their social network.
