The U.S. job market is showing signs of modest improvement, Federal Reserve System chairman Ben Bernanke said today. The head of the nation’s central bank, speaking to a forum in Henrico County on workforce development, praised the efforts of community colleges in helping people get the training they need to find jobs and start businesses ...
Everything is subject to change, and that now includes the $100 bill.Starting in February, the Benjamin Franklin note will have a new look to help thwart counterfeiters -- inside and outside the United States."We estimate that as many as two-thirds of all $100 notes circulate outside the United States," Federal Reserve Chairman Ben Bernanke said. Chip Somodevilla, Getty Images The redesigned $100 bill, which the government unveiled Wednesday, contains images aimed at thwarting counterfeiters.
We need to get the story straight. Already, a crude consensus has formed over what caused the financial crisis. We were victimized by dishonest mortgage brokers, greedy bankers, and inept regulators. Easy credit from the Federal Reserve probably made matters worse. True, debate continues over details. Fed Chairman Ben Bernanke recently gave a speech denying that it had loosened credit too much, though he admitted to lax bank regulation. A congressionally created commission opened hearings on the
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WASHINGTON—Despite some economic improvements, Federal Reserve Chairman Ben Bernanke warned today it’s still too soon to declare that the budding recovery will last. “We still have some way to go before we can be assured that the recovery will be self sustaining,“ Bernanke said in remarks to the Economic Club of Washington. The Fed chief repeated his belief that the recovery will continue at least into next year. But he cautioned that the economy is confronting some “formidable
The University of Richmond used an inspired rebounding effort to beat archrival VCU 66-52 in a women’s basketball game. The Spiders (7-2) outrebounded the Rams (3-2) 52-35. Reserve forward Nikita Thomas led the rebounding efforts with 12. Starting wing guard Brittani Shells had 11 rebounds and starting post player Katie Holzer 10. Shells, who scored a game-high 18 points, said her team entered the contest with the intent of making a physical statement ...
The economy should grow at a reasonable pace next year, the president of the Federal Reserve Bank of Richmond told state legislators this morning. In housing, Jeffrey M. Lacker said several indicators of sales and construction activity hit low points earlier this year and have already risen modestly. “Housing is no longer a major drag on GDP growth,“ he said, referring to gross domestic product, which is the sum total of goods and service produced in the country ...
A new report from the Commonwealth Institute, a liberal Virginia think tank, makes an excellent point. Virginia has enacted many special tax breaks over the years, but it does little in the way of follow-up. Why not? Government programs ought to undergo periodic review. They should not simply fly along on autopilot for decades, long after their original justification has outlived its usefulness. (Think of the national helium reserve or the mohair subsidy, both of which got their start in wars
A year ago, the Richmond Redevelopment and Housing Authority wasn’t spending enough of its money on housing vouchers for needy families. Now, the authority is spending more than it can afford. It is paying the price for having too much money in the bank for a program that was supposed to provide vouchers for more than 3,100 families. The $7 million surplus in the voucher program’s reserve account at the beginning of the year is expected to turn into deficits of more than $600,000 by the end
Kudlow's Money Politic$. Pro-growth, strong defense, virtuous values, business, and stocks. Friday, September 25, 2009. Kevin Warsh Is On The Money. Attendees of the G-20 meeting in Pittsburgh and members of the Federal Reserve Board in ... Peter Nordahl Trio My Rubber SoulEmma Free MeDJ Technique Gabryelle Muthafunkers remixHigh Wycombe RetoureTad Robinson Last Go RoundShimmer Cliff TangrediMan at Arms and D-Koldis aka the Heatseekerz Episode OneDJ Rollo Host Paolo Mojo Magnetic Grooves (9