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Passage of Audit the Federal Reserve bill doubtful
13 hours ago ago from Waylon's Revolution
In another example of the power that the Federal Reserve holds, Washington say that Congressman Ron Paul's bill to order a full audit of the Fed by Congress is in doubt. Created in 1911 and passed into law in 1913, the Federal Reserve is held under the tightest of secrecy. Here is what www.campaignforliberty.com had to say: A similar 74 percent of insiders believe Congress will not pass legislation requiring an audit of the Federal ...
Related contentGovernment Now Needs All That Bailout Money Back
9 hours ago ago from OSPRI BLOG
After the Federal Reserve poured between $6.4 trillion and $8.3 trillion into the economy, inflation seems inevitable. But not to worry, once again the Federal Reserve is coming to the rescue. The Fed has this nifty new tool that allows it to pay interest on cash reserves that private banks park at the central bank. That's supposedly going to prevent the inflationary tide. Just one little problem: aren't the banks supposed to be lending ...
Related contentEconomy improving, but growth still not strong (Daily Chronicle)
2 hours ago ago from Real Estate Investment Property
SYCAMORE – The U.S. economy will continue its recovery over the next two years, but progress will be painfully slow, according to an economist with the Federal Reserve Bank of Chicago.
Related contentChina's foreign trade up 44.4 percent in January
7 hours ago ago from Gaea Times (by Simple Thoughts) Breaking News and incisive views 24/7
BEIJING - China's foreign trade posted a 44.4-percent growth in January year on year, the General Administration of Customs (GAC) announced Wednesday. Exports in January stood at $109.47 billion, up 21 percent from a year earlier, while imports rose 85.5 percent to $95.31 billion, Xinhua reported. The hefty increase was due to lower comparison bases a year ago when China's exports were hard hit by global financial crisis and ...
Related contentiTunes music: Higher prices result in slower sales growth
11 hours ago ago from VentureBeat
On this morning's earnings call for Warner Music, CEO Edgar Bronfman, Jr said that the company's $1.29 tracks a 30 percent price boost over Apple's standard 99 cents have been a net positive for the company. Yet as media pundit Peter Kafka observed, the entire music industry's iTunes sales growth is slower than a year ago , when consumer confidence and willingness to spend were much lower: Industrywide, year-over-year “digital track ...
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Book Publishers Beware! At iTunes, Expensive Music Equals Slower Sales [MediaMemo]
19 hours ago ago from All Things D
After years of complaints, last year the music labels finally got what they wanted from Apple the ability to raise prices on their songs . Last April, iTunes introduced a variable pricing scheme , which gave the labels the ability to move prices from $0.99 a song to $1.29 (and for some tracks, down to $0.69). The results? Music sales are slowing. Warner Music Group (WMG) said this morning that it has seen unit sales growth at Apple's ...
Related contentUN forecasts 'stable' Afghan opium crop
1 hour, 26 minutes ago ago from U.S. News
UN forecasts 'stable' Afghan opium crop VIENNA (AP) -- After a major drop over the past two years, Afghanistan's opium cultivation is unlikely to rise or fall dramatically in 2010, a U.N. report said Wednesday. The report by the United Nations Office on Drugs and Crime said bad weather may lead to a decrease in opium production but warned the country could see fewer poppy-free provinces. Afghanistan supplies 90 percent of the world's ...
Related contentFed to Reveal Its Strategy for Raising Interest Rates
3 hours ago ago from The New York Times
WASHINGTON Ben S. Bernanke , having survived a surprising challenge to his second term as Federal Reserve chairman, now faces the delicate task of beginning to pull the central bank out of its extraordinary effort to prop up the economy. Multimedia The main question is when and how the Fed should start raising short-term interest rates, which have been at a record low for more than a year. Related is the issue of ...
Related contentU.K. Same-Store Retail Sales Fall
19 hours ago ago from Wall Street Journal
LONDON U.K. retail sales weakened in January as the country was hit by heavy snowfall, but house prices rose despite the weather. A survey by the British Retail Consortium and KPMG showed the value of retail sales in stores that had been open for at least a year was 0.7% weaker in January than a year earlier, a sharp turnaround from December's 4.2% gain. Total retail sales were 1.2% higher in January compared with a year earlier after ...
Related contentNew report: Consumers spent modestly in January
1 hour, 56 minutes ago ago from U.S. News
New report: Consumers spent modestly in January NEW YORK (AP) -- Americans backed off from holiday spending in January, but retail sales rose for a third month in a row compared with a year earlier, largely because of gas price hikes, according to figures released Wednesday by a key data service. Including goods from food to clothing to gasoline - but excluding cars - U.S. retail sales rose 3.6 percent from January 2009, according to ...
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