Word: feds
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
Kudos to Bernanke for blunting the recession both in the U.S. and around the world. Critics are a dime a dozen, but the Fed chairman's visionary innovation is worth a million times his weight in gold. Innovation such as this is the only path out of our current economic slump...
...weren't yet fed up with the seeming inability of governments to get anything done, December's U.N. climate summit in Copenhagen might have pushed you over the edge. Representatives of 192 nations gathered for two weeks with the goal of hammering out an international environmental accord, and instead parliamentary stasis reigned. Late-night negotiating sessions went nowhere, powerful developing nations like China seemed determined to block any progress, and the U.S. itself - which still hasn't passed a carbon cap of its own - lacked much diplomatic leverage. As late as the evening of Dec. 16 - just two days before...
...money into say Treasuries or mortgage bonds. One way to do that is to require foreign governments or investors who only buy Treasuries or mortgage bonds to place a certain portion of their U.S. investments in an account at the Federal Reserve. Rather than park their money at the Fed, Caballero contends that many investors will choose to put their money into riskier U.S. investments...
Adding to the sector's woes - the Federal Reserve has indicated it plans to end a program that's helped keep mortgage rates at attractive levels for home buyers. The Fed program, which involved purchasing up to $1.25 trillion in mortgage-backed securities backed by Fannie and Freddie, will expire on March 31. Rates have already started to inch up in anticipation of the change, with the average 30-year fixed-rate mortgage surpassing the 5% mark in December. (See 10 things to buy during the recession...
...Roussi, who supports his 10 children and two wives as a day laborer, carrying soda from trucks to shops, says he is fed up with politics. He makes about $30 a month, including government benefits for the poor, because many days he cannot find work. Al-Roussi, 31, used to vote but has grown disgusted with the largesse and corruption at the top - and the suffering in the slums. "This is the only opportunity the President gives us," he says, referring to his work carrying soda. "I swear to God, if I could go to Somalia, I would...