National / International News

Savers and pensioners' Budget boost

BBC - Wed, 2014-03-19 09:33
Chancellor George Osborne makes tax-free Isas more "generous" for savers and unveils measures to help pensioners boost their income.

Chancellor freezes duty on whisky

BBC - Wed, 2014-03-19 09:33
Duty on Scotch whisky is to be frozen, Chancellor George Osborne announces in his last budget before the Scottish independence referendum.

Mugabe caps 'fat cat' state salaries

BBC - Wed, 2014-03-19 09:25
President Robert Mugabe's government moves to ease public anger in Zimbabwe by capping the pay of managers of state-owned companies.

London mayor backs water cannon call

BBC - Wed, 2014-03-19 09:18
The Mayor of London agrees to support the Met Police's call for water cannon to be purchased.

Two killed in WW1 weapon explosion

BBC - Wed, 2014-03-19 09:16
A shell or grenade buried in Ypres in Belgium since World War One explodes, killing two people and injuring two more.

England lose to India in T20 warm-up

BBC - Wed, 2014-03-19 09:11
England's stuttering form continues as they lose to India by 20 runs in their final World Twenty20 warm-up match.

VIDEO: Footage shows Ukraine TV boss attack

BBC - Wed, 2014-03-19 09:10
The acting chief executive of Ukraine's state broadcaster has been forced to sign a resignation letter by MPs who broke into his office.

Could graduate weddings widen the inequality gap?

BBC - Wed, 2014-03-19 09:06
Could graduate weddings widen the inequality gap?

Weightlifting wins funding appeal

BBC - Wed, 2014-03-19 09:06
Weightlifting has its UK Sport funding restored after a successful appeal, but cuts for six other sports stand.

Your pictures: Photographers

BBC - Wed, 2014-03-19 09:05
Readers' photos on the theme of photographers

VIDEO: Near miss as truck flies through air

BBC - Wed, 2014-03-19 09:05
A police dashboard camera catches the moment a truck flies off a highway in Iowa, US, narrowly missing other vehicles.

The only thing the Fed has left is words. And dots.

Marketplace - American Public Media - Wed, 2014-03-19 08:56
Wednesday, March 19, 2014 - 14:51 Brendan Smialowski/AFP/Getty Images

Janet Yellen's first press conference as Fed Chair.

Short term interest rates have been near zero for a while, so the Fed can't really lower them any further.  Monetary policy isn't pushing up inflation, as many had feared it would.  And while the Fed is still employing the bond-buying program formerly known as Quantitative Easing to push down interest rates on bonds and assets, it's beginning to ramp that down.  

In other words, the Fed has now employed all of its tools it usually uses to influence interest rates. All it's got left? Words. Specifically, something called "Forward Guidance," which is really just telling the American people what it plans to do in future. That may sound obvious, but it's a real departure from the opaque world that the Fed used to inhabit.

Also, in referencing a chart of the guidance made with dots, Yellen said we "should not look at the dot plot as the primary way in which the Committee is speaking to the public at large."

"These dots are going to move up or down over time."

The Fed's words of the day (in dot form, of course):

 

Marketplace for Wednesday March 19, 2014by Sabri Ben-AchourPodcast Title: The only thing the Fed has left is words. And dots.Story Type: News StorySyndication: PMPApp Respond: No

Israel attacks Syrian army sites

BBC - Wed, 2014-03-19 08:55
A Syrian soldier is killed in air strikes launched by Israel in retaliation for a bombing in the occupied Golan Heights, Syrian state media report.

Man Utd rift reports rubbish - Moyes

BBC - Wed, 2014-03-19 08:53
Manchester United boss David Moyes denies reports of a rift and accuses the media of trying to destabilise his side.

EA games web server hacked

BBC - Wed, 2014-03-19 08:53
EA games has had one of its web servers hacked so that a web page asking users to input their Apple IDs is now being displayed, according to a net security firm

Doctors Say Obamacare Rule Will Stick Them With Unpaid Bills

NPR News - Wed, 2014-03-19 08:48

If a person with subsidized insurance falls behind in paying premiums, insurers are required to cover the medical bills for 30 days. Over the next 60 days, insurers can hold off paying the claims.

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Obama Picks Michigan State To Win Men's Basketball Title

NPR News - Wed, 2014-03-19 08:46

"Tom Izzo is a great tournament coach," the nation's "first basketball fan" tells ESPN. It's the sixth time the president has shared his picks. So far, he's been right once.

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Iran 'sees signs of nuclear deal'

BBC - Wed, 2014-03-19 08:43
Iran's foreign minister says he sees signs of a comprehensive deal on its nuclear programme, after talks with world powers, Iranian media report.

Hong Kong journalists attacked

BBC - Wed, 2014-03-19 08:38
Masked men armed with metal bars attack and injure two newspaper executives on the street in Hong Kong, sparking fresh concern about press freedom.

Budget's energy bills help for firms

BBC - Wed, 2014-03-19 08:35
Welsh businesses with very high energy bills, such as Tata Steel in Port Talbot, are in line for compensation under a key announcement in the Budget.

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