The economy may be plodding toward recovery, but it isn’t moving quickly enough to justify an increase in interest rates any time during the next two years according to the Federal Reserve. The Fed’s first announcement of lowered interest rates came during the recession in 2008, and the latest extension means that rates will remain [...]
Investors are being forced to cope with what many perceive as unprecedented circumstances in the economic and political environment. At the same time that the U.S. economic recovery appears to be slowing, one independent agency downgraded its rating on debt issued by the U.S. Treasury. Confidence that government policymakers can do anything significant to help [...]
You hear it regularly in the news: “The dollar rose today against other major currencies,” or “The dollar lost ground today on foreign exchange markets.” Just like stocks and bonds, currencies can fluctuate in value in comparison to each other on a daily basis. For example, at the start of 2011, it would have cost [...]
By SARAH DILORENZO FRANKFURT, Germany (AP) — Germany’s top central banker has urged the European Central Bank to come up with a plan to eventually withdraw its massive emergency loans to banks, warning that they carry significant risks and have only bought Europe a temporary respite from its debt crisis. Bundesbank head Jens Weidmann said [...]
By ANDREW WELSH-HUGGINS COLUMBUS (AP) — The economy and a candidate’s ability to defeat President Barack Obama were the most important factors guiding decisions of voters in Ohio’s Republican primary, according to early results from an exit poll Tuesday. The survey also found nearly two-thirds of voters said they’re committed to backing the eventual Republican [...]
By JENNIFER AGIESTA WASHINGTON (AP) — An exit poll of voters in the Georgia Republican presidential primary shows the victory there by Newt Gingrich, who represented the state in Congress for two decades, was propelled by people saying the former speaker’s ties to the state were important. Gingrich was winning around three-fourths of the votes [...]
In so many of my articles, I have talked about the benefits and joys of immersing yourself in painting and drawing, what it can do for your outlook on life and really seeing the wonderful world in which we live. Now is the time for you to be able to do this either as a [...]
Mr. Speaker, Mr. Vice President, members of Congress, distinguished guests and fellow Americans: Last month, I went to Andrews Air Force Base and welcomed home some of our last troops to serve in Iraq. Together, we offered a final, proud salute to the colors under which more than a million of our fellow citizens fought- [...]
