The European debt crisis spreads to American banks. The National Labor Relations Board could speed up the process for elections. In light of recent scandals, universities are taking a closer look at candidates before hiring them on. And the end of Napster has finally come.
To better understand why central banks around the world today said they would "inject liquidity" into the global markets, you might imagine the global economy as a highway
The Federal Reserve and other central banks announced today they were teaming up to increase liquidity in the global economy. What does this mean, and will it actually help the European debt crisis?
Six central banks, led by the U.S. Federal Reserve, have announced a plan to inject dollars into the life support system keeping European banks alive. The move was meant to restore confidence in the global financial system.
China has just surpassed the United States as the biggest smartphone market in the world. Smartphones here at home are helping consumers to find the best deal this holiday season. Holiday travel could be hindered by fewer flight delays and cancellations, thanks to new government penalties.
Even after stress tests on European banks were deemed unsuccessful, a new process will now seek to determine how U.S. banks will react in the case of a European financial crisis.
The Federal Reserve will test the six biggest banks in the U.S. to see if they could withstand a fallen European economy, and high unemployment here at home.
