At this year’s Jackson Hole meeting, Bernanke steered clear of laying the groundwork for QE3. Bernanke admitted that the lingering aftershocks from the financial crisis had “acted to slow the natural recovery process,” an issue extensively covered in “After the … read more
President Obama will lay out his plan to rein in the nation’s rising deficit in a speech this afternoon. While statements from the White House suggest that he will support GOP-favored steps such as reducing Medicare and Medicaid costs, his … read more
NYSE Euronext announced on Wednesday that it was in advanced talks for the NYSE to be acquired by Deutsche Börse, the operator of the Frankfurt Stock Exchange. Skeptics have already raised several concerns about the proposed transaction. Besides the apprehension … read more
On Wednesday, India observed Republic Day, celebrating the 61st anniversary of the date its constitution came into force. The chief guest at India’s first Republic Day on January 26, 1950, had been the then-Indonesian President Sukarno, whom India’s prime minister … read more
