Related Blog Posts
Financial Losers: Bank of America, Citi
12 hours ago ago from Savvy Investor
NEW YORK (TheStreet) Financial shares declined along with the broader market Tuesday as Wall Street awaited any signal out of Charlotte, N.C. and Bank of America's(BAC Quote) board meeting there that could offer hints about the direction of the megabank's CEO-search. U.S. equities were weaker in the early going, with the Dow Jones Industrial Average losing 92 points, and the S&P 500 dropping 9 points. President Obama is slated to present ...
Related contentSecondary Sources: Fed Independence, New York and Crisis, Oil - LimeGator United States - The news, photos, videos blog aggregator
13 hours ago ago from LimeGator United States - The news, photos, videos blog aggregator
Secondary Sources: Fed Independence, New York and Crisis, Oil 08-12-2009 16:05 - Source: blogs.wsj.com/economics A roundup of economic news from around the Web. Fed Independence: Mark Thoma looks at issues that may challenge the Fed's independence. The way to reduce interest rates is to bring the deficit under control, not expand the money supply, but congress must feel pressure to change before it will act. If congress has control of the ...
Related contentA roundup of economic news from around the Web
14 hours ago ago from Risky Investor
A roundup of economic news from around the Web. Fed Independence: Mark Thoma looks at issues that may challenge the Fed's independence. The way to reduce interest rates is to bring the deficit under control, not expand the money supply, but congress must feel pressure to change before it will act. If congress has control of the money supply, then given the choice between raising taxes, cutting government spending, creating more debt and ...
Related contentJournal: Highway Markers to the Future
13 hours ago ago from Public Intelligence Blog
Mark Pittman Nov. 30 (Bloomberg) Mark Pittman , the award-winning reporter whose fight to make the Federal Reserve more accountable to taxpayers led Bloomberg News to sue the central bank and win, died Nov. 25 in Yonkers, New York. He was 52. . . . He drew the attention of filmmakers Leslie and Andrew Cockburn, who featured him prominently in their documentary about subprime mortgages, “American Casino,” which was shown at New ...
Related contentQuote of the day
38 minutes ago ago from occasional links & commentary
Because private banks elect two-thirds of the members of the board of directors of each of the 12 regional federal reserve banks, and five of the presidents of those banks serve on a rotating basis on the Federal Open Market Committee—the body within the Fed that sets monetary policy and thus interest rates—there is suspicion that the Fed is a tool of Wall Street. Richard Posner Ya think?
Related contentRelated News
Kathryn Wylde: How to make the President's jobs plan work for New York
6 hours ago ago from Huffington Post
MEMORANDUM TO: New York State Congressional Delegation FROM: Kathryn S. Wylde RE: How to make the President's jobs plan work for New York DATE: December 8, 2009 President Obama today introduced a plan to create jobs and spur economic growth in the United States by aiding small businesses; creating incentives for energy efficient retrofits; investing in infrastructure; and supporting our export industries. House Speaker Nancy Pelosi ...
Related contentBank Of Canada Keeps Interest Rates Steady - FOXBusiness.com
13 hours ago ago from FOX Business
Existing users please login User Name: Password: Remember me on this computer Home / Markets / Industries / Energy Tuesday, December 08, 2009 Bank Of Canada Keeps Interest Rates Steady  By Deborah Levine MarketWatch Pulse  NEW YORK -- The Bank of ...
Related contentBofA Board Meets, New CEO Decision Looms
5 hours ago ago from Media General - NBC17.com
News Video News BofA Board Meets, New CEO Decision Looms By AP, Associated Press (AP), 1 hour, 40 minutes ago sdf Credit: AP Online CHARLOTTE, N.C. Bank of America's board is meeting Tuesday to discuss potential replacements for CEO Ken Lewis who has ...
Related contentFed Chairman Bernanke forecasts a sluggish recovery
23 hours ago ago from Washington Post - Business
The economy is likely to expand moderately in 2010, Federal Reserve Chairman Ben S. Bernanke said Monday, but his guardedly optimistic assessment for growth contained no hints that the central bank is looking to raise interest rates anytime soon. Economic forecasts are subject to great uncertainty, but my guess is that we will continue to see modest economic growth next year, Bernanke told the Economic Club of Washington in a speech. That ...
Related contentA lonely voice against the Fed now leads a chorus
23 hours ago ago from Washington Post - Politics
Ron Paul is used to going it alone. During 20 years in Washington, the libertarian Republican congressman from Texas has proposed doing away with personal income taxes, federal antitrust laws and the minimum wage. He's advocated pulling the United States out of the United Nations, NATO and the International Monetary Fund. Those efforts have mostly been legislative non-starters. Many of his bills fail to attract a single co-sponsor. But ...
Related content
