Posts Tagged ‘Federal Reserve’
AIG reveals $454 mln in 2008 performance bonuses
| AIG reveals $454 mln in 2008 performance bonuses |
| Reuters | May 05, 2009 | Reporting by Jeremy Pelofsky in Washington and Lilla Zuill in New York, Editing by Andre Grenon |
| WASHINGTON, May 5 (Reuters) – Embattled insurer American International Group (AIG.N) paid some $454 million in previously undisclosed performance bonuses to employees for 2008, the company said in answers to questions from a U.S. lawmaker that released on Tuesday.
AIG was widely criticized for paying out some $165 million in retention bonuses after it received some $180 billion in government bailout aid. Some of the retention bonuses were returned by employees after the firestorm of criticism |
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Economy in U.S. Shrank at 6.1% Rate in First Quarter
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| Economy in U.S. Shrank at 6.1% Rate in First Quarter |
| Bloomberg | Apr 29, 2009 | By Bob Willis |
| The U.S. economy plunged again in the first quarter, capping its worst performance in five decades, reflecting a record slump in inventories and further declines in housing.
Gross domestic product dropped at a 6.1 percent annual pace, more than forecast, after contracting at a 6.3 percent rate in the last three months of 2008, the Commerce Department said today in Washington. The report, which marked the weakest six months since 1957-58, comes as Federal Reserve policy makers meet for a seco |
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Monetarism Defiant
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| Photograph by William Meyers Schwartz at her Fifth Avenue office |
| Monetarism Defiant |
| City Journal | Apr 26, 2009 | Guy Sorman |
| Legendary economist Anna Schwartz says the feds have misjudged the financial crisis.
Anna Schwartz must be the oldest active revolutionary on earth. Born in 1915 in New York, she can still be found nearly every day at her office in the National Bureau of Economic Research on Fifth Avenue, where she has been tirelessly gathering data since 1941. And as her experience proves, data can transform the world. During the 1960s, wit |
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U.S. Industrial Production Drops More Than Forecast
| Industrial production in the U.S. fell more than forecast in April, as the slowdown in consumer spending prompted car and appliance makers to cut back.
Bloomberg photo |
| U.S. Industrial Production Drops More Than Forecast |
| Bloomberg | Apr 15, 2009 | By Courtney Schlisserman |
| April 15 (Bloomberg) — Industrial production in the U.S. fell for the 14th time in the last 15 months as factories trimmed unwanted stockpiles. read more |
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Fed Refuses to Disclose Recipients of $2 Trillion in Lending
The Federal Reserve, Washington D.C.
Fed Refuses to Disclose Recipients of $2 Trillion in Lending
By Mark Pittman Dec. 12 (Bloomberg) — The Federal Reserve refused a request by Bloomberg News to disclose the recipients of more than $2 trillion of emergency loans from U.S. taxpayers and the assets the central bank is accepting as collateral.
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Investor fear drives US Treasury yields to near zero
(Image courtesy of http://bp0.blogger.com/)
Investor fear drives US Treasury yields to near zero
AFP, Dec 7 06:50 PM US/Eastern
The panic in global financial markets has sparked an unprecedented rush into safe US Treasury securities, driving yields on short-term government notes down to almost zero.
Due to stampeding demand for safe short-term investments, the US Treasury’s four-week and three-month bills on Friday yielded an effective rate of 0.01 percent — down sharply from 1.515 percent and 1.785 percent, respectively, in early September.
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Fed Defies Transparency Aim in Refusal to Disclose
A security officer stands outside of the Federal Reserve building in Washington, Sept. 16, 2008. Photographer: Jay Mallin/Bloomberg News
Fed Defies Transparency Aim in Refusal to Disclose
By Mark Pittman, Bob Ivry and Alison Fitzgerald
Nov. 10 (Bloomberg) — The Federal Reserve is refusing to identify the recipients of almost $2 trillion of emergency loans from American taxpayers or the troubled assets the central bank is accepting as collateral.
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Stocks plunge anew as retail sales show steep drop
Graphic courtesy CBS News
