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The U.S. Supreme Court is taking a close look at a question individual investors have long asked about their mutual funds, but the courts have largely ignored: Why am I getting charged twice as much as big institutional clients?
The head of the European Central Bank on Thursday hinted it could begin withdrawing some of its crisis measures soon, while the Bank of England pumped more money into the economy in an attempt to get Britain out of recession.
A look at the evolution of the Federal Reserve's statements on the economy from its three most recent meetings:
The Bank of England said Thursday it will pour another 25 billion pounds ($41 billion) into the British economy to get the country out of recession as it kept its main interest rate at a record low of 0.5 percent.
The Federal Reserve pledged Wednesday to keep a key interest rate at a record low for an "extended period," signaling that the weak economy remains dependent on government help to grow.
Canada's central bank is holding its key interest rate at a record low 0.25 percent and warned that the Canadian dollar's rise threatens to derail the country's recovery.
Insurance companies, unions and other special interest groups pushed back hard Wednesday against health care legislation that could cost their members billions of dollars.
The Bank of England kept its main interest rate unchanged at the record low of 0.5 percent Thursday and held off from any further moves to expand the money supply — for now.
The European Central Bank on Thursday left its key interest rate unchanged at a record low of 1 percent and indicated it wouldn't raise it in the near future — even as bank president Jean-Claude Trichet said the worst of the recession has passed.
A look at the evolution of the Federal Reserve's statements on the economy from its three most recent meetings:
Signaling confidence in a recovery, the Federal Reserve decided Wednesday to stretch out the pace of a program intended to lower mortgage rates and prop up the housing market.
Canada's central bank said Thursday the Canadian economy could be bouncing back stronger than previously believed.
There's a lot of interest in rates this week. The Answer Desk, by John W. Schoen.
A look at the evolution of the Federal Reserve's statements on the economy from its two most recent meetings:
The Federal Reserve delivered a vote of confidence in the economy Wednesday, saying it would slow the pace of an emergency rescue program and indicating the recession appears to be ending.
The European Central Bank left its benchmark interest rate unchanged at 1 percent Thursday, preferring to wait and see if its "spectacular" infusion of credit into the banking system will loosen lending to consumers and businesses in the euro zone's struggling economy.
The Federal Reserve sought Wednesday to defuse fears that the trillions it's spending to revive the economy could spark inflation later on. But Wall Street didn't seem to buy it.
Canada's central bank is keeping its trendsetting interest rate unchanged at a historic low of 0.25 percent and says the rise of the Canadian dollar is threatening the country's economic recovery.
The European Central Bank and the Bank of England both kept official interest rates at record lows on Thursday, adopting a cautious holding stance amid fledgling signs of an economic recovery across Europe.
The European Central Bank cut interest rates a quarter point to 1 percent Thursday and said the reduction wasn't necessarily its last, while announcing still more measures to push money into the 16-country euro zone's financial system and support its economy.
The Federal Reserve said Wednesday it sees signs the recession is easing and that the economic outlook has "improved modestly" since last month.
Canada's central bank cut its trendsetting interest rate by a quarter point to a record-low 0.25 percent and said it will likely stay there through June 2010.
Australia's central bank cut its key interest rate to the lowest level in almost 50 years Tuesday, reinforcing fears the global financial crisis has dragged the country into recession.
The European Central Bank could further reduce its record-low interest rates, President Jean-Claude Trichet told reporters Thursday, after the benchmark figured was cut by a quarter of a percentage point to 1.25 percent.
With the country sinking deeper into recession, the Federal Reserve launched a bold $1.2 trillion effort Wednesday to lower rates on mortgages and other consumer debt, spur spending and revive the economy.
$4.8 trillion - Interest on U.S. debtHere's a new way to think about the U.S. government's epic borrowing: More than half of the $9 trillion in debt that Uncle Sam is expected to build up over the next decade will be interest.
Thoughts on the Macro Paradigm, Arnold Kling | EconLog | Library of Economics and Libertyyesterday I was trying to teach the consequences of paying interest on reserves to my bright high school students.
Credit-card rates up before new lawHave you checked the interest rates on your credit cards lately? Odds are they're going way up.
U.S. Stocks Erase Gain as House Votes to Limit Card RatesU.S. stocks erased most of a 156- point rally in the Dow Jones Industrial Average after a House bill to curb credit-card rates spurred concern about bank earnings, outweighing the Federal Reserve's plan to keep interest rates at a record low.
I found a Sci-Fi gem this week and I felt the need to get the word out. The show is called Being Human. It is a short series of six one hour long episodes made in the UK that aired on the BBC earlier this year.
As the holiday season nears, most of us look forward to spending time with family and friends. Children anticipate the arrival of Santa Claus. It is a time for peace and harmony. Our minds are filled with feelings of generosity, sentimentality and reflection.
Pre-approved credit card with 79.9% APR?For Gordon Hageman of San Diego, the Premier card offered by First Premier Bank came with a 79.9 percent APR. While it looks like an attempt to gouge the consumer, it is perfectly legal. Wine distributor Gordon Hageman thought "it was a mistake" reports NBC San Diego.
Fed is proposing tough new credit card rules - Ban on first-year rate increases , issuing to those under 21 without cosignerWASHINGTON - The Federal Reserve proposed rules Tuesday to better protect Americans from sudden hikes in interest rates on credit cards. The proposal would generally bar rate increases during the first year after an account is opened.
This is a follow-up to my previous article, "Health Care Myths: AARP Supports Attacks on Elderly...." This was not orginally intended as part 2 of my article, because it is not even lprimarily my article. Most of this was written by marc-1276940.
Today, I read of a woman that had started a credit card revolt. She had posted a short on U.Tube and over a hundred thousand had watched it to date.
'American Casino': How Our Nation's Financial Sector Became a Massive and Unregulated Gambling Operation Well, originally, whole areas of the population, specifically African Americans and other minorities, were "red-lined." There would literally be a red line around areas on realtors' maps. And you don't make a loan to people living inside those lines.
Researchers Answer: When should I ask her out?Several studies have shown that during the fertile phase of the menstrual cycle – women show greater preference for facial masculinity, taller men, men expressing dominant behavior, male voice pitch, olfactory cues about body symmetry etc.
Some time ago, after I met the guy I called the 'love of my life', and labelled him '11% short of heaven' (because of the score we kept getting on every relationship quiz we did), I was fascinated to find out why we had clicked together so amazingly, despite our different backgro …
After years of writing political material, books, campaign pieces, letters-to-the-editor, newspaper articles, position papers, and most recently, articles and comments on NEWSVINE...I think I am at "burn-out," "saturation," "up-to-my-neck," "had it," and much of the other vernacu …
Dismantling the Temple :How to fix the Federal ReserveDuring the past year, the Fed has flooded the streets with money--distributing trillions of dollars to banks, financial markets and commercial interests--in an attempt to revive the credit system and get the economy growing again.
Bail-Out Bonuses at Banks that Got the Most $ from U.s. - $1 Million a Head...Hundreds and Hundreds of HeadsThousands of top traders and bankers on Wall Street were awarded huge bonuses and pay packages last year, even as their employers were battered by the financial crisis. More Articles
I've reposted The following letter because it is revelatory, with uncommon insights on how America can deliver itself from the downward spiral into the abyss of debt and the alarming level of debt service payments that are, even now, unaffordable which is the polite word for inso …
As Americans continue to struggle to pay their bills on time, credit card companies are increasingly changing the parameters of our agreements. These same agreements that we signed clearly states that they are allowed to change the terms without notice.
The current economic crisis is bringing monetary reform movements such as End The Fed, to the fore. These movements bring to light what is wrong with our current monetary system, i.e., it is the instrument by which people are held in debt slavery.
Credit Score Myths DebunkedDon't believe anyone who tells you that credit scores are irrelevant to your financial health. But you also shouldn't't believe that credit scores are any reliable indication of your financial health.
Over the hills and through the woods, as we look through the looking glass searching for a Beacon on a hill, thus bringing hope to each and everyone of us during times of uncertainty. Remembering what faith can do in our daily lives.
We can't all be friends because that is not in our nature. Self-preservation means that we tend to gravitate towards people like us. We feel comfortable and validated with those who reflect us and are programmed to protect our own kind.
Banks vs. Savers - Bank Charged For Paying Interest Rates That Are Too High!American Bankers Association has chastised Ally Bank for offering interest rates that are too high on deposits.
U.S. Program to Help Banks Sell Bad Assets Is Halted...some analysts said the banks' reluctance to clean up their balance sheets meant they were merely postponing their day of reckoning. Indeed, some analysts said government policies had made it easier for banks to gloss over their bad loans. More Articles
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