The Federal Reserve should start raising interest rates next year, a top Fed official said on Monday, arguing that even if rates stay near zero for many years, U.S. economic output will not bounce back to pre-recession levels. Last month the Fed said it was likely to keep interest rates exceptionally low through late...
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Archive for February 6th, 2012
Fed should raise rates in 2013
Electric car maker Fisker lays off workers (AP)
AP – Fisker Automotive, an electric car maker that received a half-billion-dollar loan from the federal government and millions more from Delaware economic development officials, says it has laid off workers in Delaware and California.
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Fight For GOP Soul, SuperPACs Spur Negative Political Ad Explosion
While the barrage of negative ads is likely to be bad during the general election, the Republican primaries have seen a confluence of factors that have made for particularly fertile ground for negative ads: the introduction of superPACs collided with a war for control of the GOP between conservatives and hard conservatives. » E-Mail...
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Wall Street Is Jumping Back In To The Market That Killed Lehman Brothers
pimg style=float:right; src=http://static7.businessinsider.com/image/4eef93c5eab8ea6b7a000034/lehman.jpg border=0 alt=Lehman //ppemThis a href=http://www.thestreet.com/story/11400179/1/thing-that-killed-lehman-and-almost-ge-popular-again.htmlpost/a originally appeared at a href=http://www.thestreet.com/The Street./a/em/p pWall Street is jumping back into the risky $1.6 trillion repo market with some of the biggest U.S. banks — includingnbsp;strongBank of Americanbsp;/strongspan class=TICKERFLAT(a href=http://www.thestreet.com/quote/BAC.htmlBAC/aa href=http://www.thestreet.com/quote/BAC.html class=arrowspan class=tickerChange id=story_BAC/span/a)/span,nbsp;strongJPMorgan Chasenbsp;/strongspan class=TICKERFLAT(a href=http://www.thestreet.com/quote/JPM.htmlJPM/aa href=http://www.thestreet.com/quote/JPM.html class=arrowspan class=tickerChange id=story_JPM/span/a)/spannbsp;andnbsp;strongWells Fargonbsp;/strongspan class=TICKERFLAT(a href=http://www.thestreet.com/quote/WFC.htmlWFC/aa href=http://www.thestreet.com/quote/WFC.html...
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Analysis: Euro zone strugglers lack innovative knack (Reuters)
Reuters – To get an idea of the economic mountain euro zone strugglers Greece and Portugal have to climb, consider this: per million inhabitants, they each filed fewer than eight applications with the European Patent Office in 2010.
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Verizon To Set Up Streaming Service With Redbox
Verizon Communications Inc. will challenge Netflix and start a video streaming service this year with Redbox and its DVD rental kiosks. Verizon and Coinstar Inc., Redbox’s parent, say the service will be national and available to non-Verizon customers as well. » E-Mail This » Add to Del.icio.us
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How Reactions To The Last Crisis Could Lead To The Next One
pFailures are humbling and costly, but ultimately it is success that is more challenging.br / br / strongThe strains which broke the back of the economic and financial system emanated from its successes./strong Years of economic growth produced surpluses in Asia after the 1997-1998 financial crisis, and emerging markets more generally, that could not...
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Analysis: Iran economy could limp along under sanctions (Reuters)
Reuters – Tightening international sanctions against Iran look set to shrink its economy, push up inflation and further erode its currency, but they may fail to deliver a knock-out blow that forces Tehran to compromise on its nuclear ambitions.
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Quake In Philippines Kills 13, Buries Homes
A strong earthquake in the central Philippines killed at least 13 people Monday as it destroyed buildings and triggered landslides that buried dozens of houses, trapping residents. At least 29 people were missing. » E-Mail This » Add to Del.icio.us
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11 months: Marizela still missing (Michellemalkin)
divShare With Friends: a href=”http://news.feedzilla.com/en_us/share/politics/top-stories/196006600?client_source=feedshare_type=0format=rss” title=”Share on Facebook” target=”_blank”img src=”http://cache.addthiscdn.com/icons/v1/thumbs/facebook.gif” border=”0″ width=”16″ height=”16″ alt=”Share on Facebook” style=”border:0; veritcal-align:middle; ” align=”absbottom” vspace=”1″ hspace=”2″ //aa href=”http://news.feedzilla.com/en_us/share/politics/top-stories/196006600?client_source=feedshare_type=1format=rss” title=”Tweet This” target=”_blank”img src=”http://cache.addthiscdn.com/icons/v1/thumbs/twitter.gif” border=”0″ width=”16″ height=”16″ alt=”Tweet This” style=”border:0; veritcal-align:middle; ” align=”absbottom” vspace=”1″ hspace=”2″ //aa href=”http://news.feedzilla.com/en_us/share/politics/top-stories/196006600?client_source=feedshare_type=2format=rss” title=”Post to Google-Buzz” target=”_blank”img src=”http://cache.addthiscdn.com/icons/v1/thumbs/googlebuzz.gif” border=”0″ width=”16″ height=”16″ alt=”Post to Google-Buzz” style=”border:0; veritcal-align:middle;...
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France, German leaders meet amid euro, Syria crises (Reuters)
Reuters – The French and German leaders meet on Monday in Paris for annual talks in which they will seek further economic coordination in the crisis-hit European Union and discuss the escalating violence in Syria.
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Giants Edge Out Patriots For Super Bowl Win
Eli Manning and the Giants one-upped Tom Brady and the Patriots again, coming back with a last-minute score to beat New England 21-17 Sunday night for New York’s fourth Super Bowl title. » E-Mail This » Add to Del.icio.us
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