 Federal Reserve chairman Alan Greenspan will preside over his last rate meeting on Tuesday before retiring after almost 19 years at the central bank's helm. Analysts expect interest rates to rise by a quarter of a percentage point to 4.5%, the 14th increase in a row. While Mr Greenspan will leave a legacy that lauds him as the guardian of the US economy, a number of problems are hanging over the recovery at present. He is expected to be replaced by former Fed colleague Ben Bernanke. "This is Greenspan's last hurrah. The swan song for the big guy," said Richard Yamarone, an economist at Argus Research. The 79-year-old Mr Greenspan is credited with guiding the US through the stock market crash of 1987, the dotcom bubble of 2000 and the 9/11 attacks. ...
http://news.bbc.co.uk
censor News |
Editor - 09:15:00 01-31-06
|
 Three Chicago High School Students Shot Near Their School; One Is in Critical Condition |
| Three high school students were shot Tuesday morning on a street near their school, and one was in critical condition, officials said. The shootings happened shortly before 8 a.m. near Carl Schurz High School, .. full News |
Editor - 09:13:00 01-31-06
|
| Shaik's millions 'seized' in SA |
| A South African court has ordered a businessman close to the ex-Deputy President Jacob Zuma to pay $5.5m of his assets to the state. Schabir Shaik was convicted in July last year of having a generally corrupt r.. full News |
Editor - 09:11:00 01-31-06
|
| Bush speech to set election-year agenda |
| Bush will look to his State of the Union address on Tuesday to lift his political fortunes and those of his Republican allies in a high stakes election-year with control of Congress up for grabs. The president'.. full News |
Editor - 09:08:00 01-31-06
|
| Aid pledge boost for Afghanistan |
| International donors have said they will provide nearly $2bn (£1.1bn) in aid to Afghanistan. The US has promised $1.1bn while the UK says it will give $800m, as part of a five-year development plan being discus.. full News |
Editor - 09:04:00 01-31-06
|
| The world according to George W Bush Tonight, US President delivers annual State of the Union address as world powers meet in London to discuss global flashpoints |
| NORTH KOREA State of the Union The regime is a bandit state that will stop at nothing to build a nuclear arsenal. There are fears it will send plutonium to Iran.State of the Region US policy on North Korea has .. full News |
Editor - 00:27:00 01-31-06
|
|
| post The Good, The Bad and The Ugly |
|
|
