To halt inflation durinand ease unemployment. But what would the fed do in an economic emergency . Monetary policy how well does it work . Ats the queion economic analyst richard gill and i will investigate on this edition of economics usa. Im david schoumacher. On this edition the Federal Reserve board is responsible for deciding how much money the economy needs to grow. In the early 1970s, the fed held to a policy of using the money supply to try to keep the economy on course. In times of inflation, the fed tightened the money supply to squeeze excess dollars out of the economy. In times of recession, it increased the money supply to stimulate growth. But in 1975, the fed, under the chairmanship of arthur burns, faced a new and troubling dilemma caught between persistent inflation and a growing recession, how did chairman burns keep the economy on course . By late 1974, inflation had become a serious economic problem. Under pressure from rising fuel prices, inflation rose to a stagge
Suspended in paris as reports suggest the french trainmaker is meeting today to discuss a potential bid from ge. Youre watching worldwide exchange, bringing you Business News from around the globe. A Rating Agency Standard Poors downgraded russias Credit Rating to one notch above junk, citing capital flight as the key reason for the move. This after secretary of state john kerry says moscow is not keeping its side of the geneva pact and warned of the potential consequences. Let me be clear, if russia continues in this direction, it will not just be a grave mistake, it will be an expensive mistake. Already the International Response to the choices made by russias leaders is taking its toll on russias economy. Prime minister medvedev alluded to the cost russia is already paying, even president putin has acknowledged it. As investors confidence dwindles, some 70 billion in capital has fled the russian Financial System in the First Quarter of 2014. More than all of last year. Significant r
Is a developing situation, i spoke with antown parker the older brother of both justice and mario and asked me to ask his younger brother if he is anywhere, they do not want to see him hurt. We understand justice is a mother shaez a 3yearold daughter renaya that will be going to live with the grandparents. Justices father just arrived on the seen. They found out she has been shot through social media. Were continuing to learn more from police on the scene and know the body, justice is still upstairs and we know the coroner is on the way. Bon behalf of the family theyre asking if mario is watching he call one of them or call the police nick, thank you. Max wade the marin county teenager who shot guy fieris lamborghini and pulled a drive by shooting received a sentence. Life plus 21 years. Max wades plans for another crime, a robbery of a Jewelry Store that i reported last night played to role today as the judge wouldnt allow it in but gave wade a serious sentence. Max wades mother pledg
Shooting his sister. This happened this morning. The 17yearold girl in an apartment on franklin street between 8th and 9th street. Nick . Its called City Center Apartment complex. And i want to you take a look behind me because this is still a developing situation. Justice toliver has been identified as the 17yearold victim the shooter is still at large the family learned justice was shot by her younger brother, mario toliver, only 14 years old. Now, according to family, justice and mario got into an argument over the bleaching of his clothes now, sky seven hd was soefr the scene the grandmother and shooter spoke just a moment ago and gave this plea. So once again, grandson, grandma is asking you to please dot right thing. Please. And i love you. I love you with all of my heart, mario. The grandmother, the police, everyone is looking for 14yearold mario toliver. This is a developing situation, i spoke with antown parker the older brother of both justice and mario and asked me to ask hi
YEREVAN, FEBRUARY 15, ARMENPRESS. Fast Bank has received a license to issue and acquirer Mastercard cards. As a result of this cooperation, the Bank will soon offer its customers Mastercard World and Mastercard World Black Edition cards.