PODCAST: Ripples from QE3
Friday, September 14, 2012 - 08:35 JEWEL SAMAD/AFP/GettyImages U.S. Federal Reserve chief Ben Bernanke speaks at a news conference in Washington, D.C., on Sept. 13, 2012 following a two-day Federal Open Market Committee meeting. Bernanke said that the country's unemployment situation 'remains a grave concern' while speaking after the Fed cut its growth projections for 2012 and announced fresh monetary easing efforts aimed at pushing down long-term interest rates to encourage investment and hiring. Markets are up today following the announcement of another round of quantitative easing. The Fed will spend $40 billion a month buying mortgage securities to keep interest rates down and inject liquidity into the U.S. economy. Consumer prices rose in August by the most in three years. The consumer price index jumped six-tenths of a percent last month a lot of that was due to the rising price of gas. It's still not the kind of inflation that seems to concern most economists. U.S. retail sales ...
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Empire State Building expects income to double in three years
The Empire State Building, a signature feature of the Manhattan skyline caught up in lawsuits to block a proposed IPO, expects to more than double its income in another three years, the building's owner said in a securities filing on Monday.
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Reuters