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Fed’s Plosser Says Central Bank Shouldn’t Favor Single Industry - BloombergDec. 2 (Bloomberg) -- The U.S. central bank should protect its independence and avoid targeting its credit policies toward specific industries or businesses, Federal Reserve Bank of Philadelphia President Charles Plosser said. “Central bank lending ...
Consumer Reports Survey: 56 Percent of Americans Think U.S. Needs to ... - Newsblaze.comYONKERS, N.Y., Dec. 2 /PRNewswire-USNewswire/ -- Consumer Reports' latest national survey finds that more than half (56%) of respondents think that government hasn't done enough for them in these tough economic times. Only 17 percent of those polled ...
Time for the Fed to start manipulating mortgage rates? - Los Angeles Times BlogsVeteran Wall Street economist Ed Yardeni says it's time for the Federal Reserve to engage in direct market manipulation of long-term interest rates, pulling them down in order to get conventional home loan rates down. Yardeni, who heads Yardeni ...
Rates cut to 4.25pc - Australian Broadcasting Corp.Audio: Mixed numbers won't sway the RBA (The World Today) Related Story: RBA cuts fails to stimulate markets Related Link: View a graphic showing how interest rates have changed over the past 12 months Related Link: Statement by RBA Governor Glenn ...
Reverse mortgages a lifeline for seniors - San Diego Union-TribuneBetty Falling is among a growing number of seniors using a reverse mortgage to avoid foreclosure. “I was in a bind,” Falling said. Seniors traditionally have used reverse mortgages to maintain their standard of living in retirement by tapping ...
Wheat farmers set example - Portsmouth HeraldWith gas back down under $2 and most commodities, including food, also returning to traditional price ranges, it is important that we not forget the uncertainty of this past summer, when $5 for a gallon of gas seemed possible and food prices had many ...
Opinion divided on Federal Reserve's lending programme - Gulf NewsEconomic historians consider the recent actions of the US Federal Reserve as strange. "Very, very unusual," says Allen Sinai, chief economist of Decision Economics, an economic consulting firm. "Unprecedented ... uncharted." The nation's central bank ...
Some Good Economic News in Time for the Holidays ... - StreetInsider.comPHILADELPHIA, Nov. 26 /PRNewswire/ -- Ms. Susanne Svizeny, Wachovia's regional president for Greater Philadelphia and Delaware, officially handed over a check for $40,000 during a ceremony at 802 N. Broad, head quarters of SafeHome Philadelphia. A ...
Dubai to halt building spree - MENAFN(MENAFN - The Peninsula) Dubai will pull back on its building spree in light of the financial crisis, Mohamed Alabbar, a Dubai government official and chairman of Emaar Properties said yesterday. "We are almost done on the fact-gathering stage. We ...
US Treasury and the Fed: too close for comfort? - Christian Science MonitorEconomic historians must see the actions of today's Federal Reserve as strange. "Very, very unusual," says Allen Sinai, chief economist of Decision Economics, an economic consulting firm. "Unprecedented … uncharted." The nation's central bank has ...
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