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The one-sentence statement suggests the Fed is taking a much deeper, wide-ranging look at how banks operate in commodity markets than previously believed, amid intensifying scrutiny of everything from electricity trading to metals warehouses.
In an indication that traffic alone may not be the only problem, a government official with knowledge of the matter said that technicians at HealthCare.gov had not only added more servers but had also "improved system configurations." The official did not elaborate.
It sounds simple enough. But the Bank's job has usually been made harder by the fact that growth only affected unemployment with a lag. If the MPC waited to see the level of unemployment rate that came from a given rate of growth, the risk was that the boom would already have got out of hand, meaning a painful time for the economy - including higher unemployment - to get things back on track.
BOSTON (AP) -- The Massachusetts Institute of Technology didn't seek federal prosecution against free-information activist Aaron Swartz and remained neutral throughout the case, according to an internal review of the school's actions.
The global capital accord known as Basel III, named afterthe Swiss city that is home to overseer Bank of InternationalSettlements, sets a leverage ratio of 3 percent, which criticssay is unambitious.
The move could also help Neumann to shore up support among his European workforce, which has endured tens of thousands of job cuts since 2000 - more than half of all staff - and will suffer the third closure of a car plant come 2014.
A federal advisory panel recommended approval ofGlaxoSmithKline's new drug to treat chronic obstructivepulmonary disease (COPD), but suggested the company be requiredto conduct further safety studies once the drug is approved. GSKis developing the product with Theravance.
"I didn't expect it to be my mother's death bed," he said through tears. "It wasn't my frame of mind. I felt it could be the end, but I had one big reason to fight like a lion for her. ...I am her son and we were going to beat this together.
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