| Bernanke Lifting Curtains at Fed
Federal Reserve Chairman Ben Bernanke moved Wednesday to break down even further the aura of secrecy that historically has enshrouded the institution that sets interest rates, taking steps to keep Main Street and Wall Street more closely wired to decisions that can make or break lives and businesses. In the job since February 2006, Bernanke said in his announcement that the time has come for the Fed to tell the country four times a year — not twice — what its projections are for the health of the economy. And when it gives that forecast, it will say what it thinks the business environment will be for the following three years — not two. These forecasts — a kind of Fed report card to consumers and businesses — will state the expected pace of economic growth, the anticipated unemployment rate and whatever policymakers can divine about inflation.
Fed chairman moves to open Fed business more to public scrutiny
WASHINGTON - U.S. Federal Reserve chairman Ben Bernanke moved Wednesday to break down even further the aura of secrecy that historically has enshrouded the institution that sets interest rates, taking steps to keep Main Street and Wall Street more closely wired to decisions that can make or break lives and businesses. In the job since February 2006, Bernanke said in his announcement that the time has come for the Fed to tell the country four times a year - not twice - what its projections are for the health of the economy. And when it gives that forecast, it will say what it thinks the business environment will be for the following three years - not two. These forecasts - a kind of Fed report card to consumers and businesses - will state the expected pace of economic growth, the anticipated unemployment rate and whatever policy-makers can divine about inflation.
Fed says it will be more open with public
Federal Reserve Chairman Ben Bernanke moved Wednesday to break down even further the aura of secrecy that historically has enshrouded the institution that sets interest rates and improve communications with investors and the public. In the job since February 2006, Bernanke said in his announcement that the time has come for the Fed to tell America four times a year — not twice — what its projections are for the health of the U.S. economy. And when it gives that forecast, it will say what it thinks the business environment will be for the following three years — not two. These forecasts — a kind of Fed report card to consumers and businesses — will state the expected pace of economic growth, the anticipated unemployment rate and whatever policymakers can divine about inflation.
Central bank unveils simpler fee model
The banks are frightened that the latest Bank of Israel drive regarding their fees will flatten their profits, but the supervisor of banks is determined to stand strong and not fold before their pressure. "We will not negotiate," Rony Hizkiyahu stated yesterday. "We will be the ones who determine how the price list looks."
Hizkiyahu says his intention isn't to tell the banks how much they may charge, only which fees they may charge, thereby giving bank customers the tools to actually compare banks. When taking the job, Hizkiyahu had promised to reform bank fees, and he's making good on his word, and ahead of time at that. His team had another month's time to present the new pricing list for bank fees. But the supervisor wants the changes to be implemented as fast as possible and yesterday presented a slim, 11-page booklet that lays down the rules.
Bernanke lifting curtains at Fed
Federal Reserve Chairman Ben Bernanke moved Wednesday to break down even further the aura of secrecy that historically has enshrouded the institution that sets interest rates, taking steps to keep Main Street and Wall Street more closely wired to decisions that can make or break lives and businesses. .
When it comes to the crunch
THE pain of the credit crunch, combined with five rises in interest rates, has begun to hit consumers' pockets hard. Spending on the high street slowed slightly in October, signalling a difficult Christmas at the tills. John Lewis has warned it is suffering a severe trading slowdown in what should be one of its busiest periods. .
U.S.-based Gladys Guevarra still hounded by intrigues
August 18 nang umalis ng bansa ni Gladys Guevarra kasama ang Fil-Am boyfriend na si Philip Peredo papuntang New Jersey. Iniwan ni Gladys ang showbiz career at buhay niya rito sa Pilipinas dahil pangarap niya talagang mabago ang takbo ng buhay niya. Ito ay sa kabila ng magandang itinatakbo ng career niya rito. Bagama't tahimik na siyang namumuhay sa Amerika, hinahabol pa rin ng tsismis si Gladys dahil sa biglaang pagkawala niya. Nariyang buntis daw siya, pero kanyang idinenay ito sa mga talk shows via phone patch. Nariyan ding ikinasal na raw sila ni Philip, pero pinabulaanan din ito ng comedienne. Bago umalis si Gladys, nabanggit niyang mag-aaral siya ng culinary arts sa New York.
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