21 November, 2015 by The TZ Newswire Staff Comments Off on Fed’s Williams says central banks need to consider new tools
Fed’s Williams says central banks need to consider new tools
The Federal Reserve and other global central banks need to consider new stimulus tools to deal with what may be permanently lower interest rates worldwide, a top Fed official said on Saturday. With the so-called natural interest rate in the United States now near zero, and equilibrium rates in other countries around the world also lower than in the past, central banks have less room to stimulate their economies in the face of shocks, San Francisco Fed President John Williams said at a conference at University of California Berkeley’s Clausen Center.
21 November, 2015 by The TZ Newswire Staff Comments Off on U.S. expects F-35 to be part of Canada’s next jet competition
U.S. expects F-35 to be part of Canada’s next jet competition
The Pentagon expects the new Canadian government to allow Lockheed Martin Corp’s (LMT.N) F-35 fighter aircraft to compete to replace Canada’s aging CF-18 jets, despite the Liberal Party’s stated opposition to the planes, U.S. Deputy Defense Secretary Bob Work said on Saturday. “I think they’re going to have another full and open competition.
21 November, 2015 by The TZ Newswire Staff Comments Off on Chicago’s John Hancock Building Is On Fire
Chicago’s John Hancock Building Is On Fire
The infamous John Hancock building in Chicago is on fire. CNN reports, and the following tweets show, flames visible halfway up and enormous plumes of smoke amid the freezing Illinois air. No details yet on the cause or of any injuries…
21 November, 2015 by The TZ Newswire Staff Comments Off on The First Thing You Should Do With Your Paycheck After Getting a Raise
The First Thing You Should Do With Your Paycheck After Getting a Raise
This year, getting a raise can net you a little fun, a little less debt, and a lot more in savings. Find out how.
21 November, 2015 by The TZ Newswire Staff Comments Off on Already? Fall snowstorm blankets US Midwest
Already? Fall snowstorm blankets US Midwest
Snow hit the Midwest, leaving more than a foot of snow and delaying political rallies.
21 November, 2015 by The TZ Newswire Staff Comments Off on Euro zone agrees Greece can get next loan tranche, cash for bank recap
Euro zone agrees Greece can get next loan tranche, cash for bank recap
Greece has done all the reforms in the a first package of measures agreed with euro zone creditors, which paves the way for Athens to get the next tranche of loans, the head of euro zone finance ministers Jeroen Dijsselbloem said on Saturday. Greece is getting very cheap loans form the euro zone bailout fund ESM under its third bailout agreement in exchange for putting its public finances in order and reforming the economy to make it more efficient and competitive. “On the basis of a final compliance notice…
21 November, 2015 by The TZ Newswire Staff Comments Off on Recovery? "We Never Came Close"
Recovery? "We Never Came Close"
Economics is messy, rarely offering up a clear view of the economy. The chart below shows that Americans have taken on more revolving debt (credit cards basically) since March than they did the previous three years combined.