Originally published on Wed April 25, 2012 1:17 pm
Federal Reserve Chairman Ben Bernanke said the Fed is ready to implement "balance sheet actions if necessary."
That means if the Federal Open Market Committee feels that the economic recovery is in danger, it is ready to implement a third round of quantitative easing, or bond purchases intended to bring down long-term interest rates and spur borrowing and spending.
"If appropriate... we remain entirely prepared to take additional action," the chairman said. "We will not hesitate to use them."
As I write this, it's about 1 a.m. in Nepal and, according to National Geographic magazine's iPad app, a group of climbers is camped on the side of Mount Everest, possibly sleeping (though we can't be totally sure), at nearly 21,000 feet. They expect to make a final summit push in early May.
Originally published on Wed April 25, 2012 3:17 pm
At airports, train stations and other public places across the nation, the Department of Homeland Security's "See Something, Say Something" campaign has encouraged people to report suspicious activity in an effort to prevent terrorist attacks. But a recent government survey found citizens are not jumping in to report others.
A group of women's rights activists are descending on Facebook's New York offices, today, to deliver what it says is an online petition from 53,000 people that demands Facebook add a woman to its board of directors before the company goes public.
In its petition, UltraViolet says that 58 percent of Facebook users are women, yet "despite the fact that women are responsible for most of Facebook's revenue and activity there currently is not a single woman on their board."
The early analyses of this morning's Supreme Court hearing on parts of Arizona's controversial immigration law are in, and the consensus is that the majority of justices will likely uphold the state's effort to reduce the number of people within its borders who may be there illegally.
After its economy shrunk by 0.2 percent in the first three months of the year, Britain was officially dragged backed into recession. As the AP reports, " two consecutive quarters of negative growth are required for a country to be officially deemed to be in recession."
What does this mean? It depends on which economist you talk to.
Our newest poll finds Martin Heinrich leading Heather Wilson 48-43 and Hector Balderas with a 44-43 advantage. Both match ups have seen only a small change from when PPP polled the state in December. At that time Heinrich led Wilson 47-40 and Balderas and Wilson were knotted at 43%.