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Showing posts from February 5, 2008

Economic stuff

Business Times - 06 Feb 2008


Americans preoccupied with fears of recession

Financial institutions in Wall Street remain very apprehensive about the many 'unknowns'

By LEON HADAR
WASHINGTON CORRESPONDENT

INVESTORS in Wall Street were biting their nails early last week as they waited for US Federal Reserve chairman Ben Bernanke and his colleagues to decide whether to slash short-term interest rates for the second time in eight days. But with much of the focus of official Washington centering on heated Democratic and Republicans races for the presidential nomination, not many officials and lawmakers were paying much attention to the deliberations that were taking place among the US central bank's policymakers on Tuesday and Wednesday.

Indeed, when the Fed announced late on Wednesday that it was lowering its benchmark interest rate by half a percentage point, the news didn't receive as much play on the 24/7 television news programmes as did the decision by former New York m…

A pre-election attack on Iran remains a possibility

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See my article on the Nieman Watchdog.