United States

Rates to Stay Near Zero Through Late 2014, Fed Says

http://pix04.revsci.net/H07707/b3/0/3/0806180/739762235.js?D=DM_LOC%3Dhttp%253A%252F%252Fwww.themuslimtimes.org%252Fwp-admin%252Fpost-new.php%26DM_CAT%3DNYTimesglobal%2520%253E%2520General%26DM_EOM%3D1&C=H07707WASHINGTON – The Federal Reserve said Wednesday that it intends to hold short-term interest rates near zero “at least through late 2014,” extending its most basic and longest-running response to the financial crisis by at least another 18 months. The decision means that the Fed does not expect the economy […]

Political Push Moves a Deal on Mortgages Inches Closer

http://pix04.revsci.net/H07707/b3/0/3/0806180/900231252.js?D=DM_LOC%3Dhttp%253A%252F%252Fwww.themuslimtimes.org%252Fwp-admin%252Fpost-new.php%26DM_CAT%3DNYTimesglobal%2520%253E%2520General%26DM_EOM%3D1&C=H07707About one million homeowners facing foreclosure could have their mortgage burden cut by about $20,000 each as part of a long-awaited deal taking shape among state attorneys general, federal officials and the nation’s largest mortgage servicers. But a final agreement remained out of reach Monday despite political pressure from the […]

More weaponry will not help the Arabs

January 24, 2012 02:20 AM By Raja Kamal The Daily Star, Lebanon The Obama administration recently concluded a deal to sell $30 billion in sophisticated weapons to Saudi Arabia, including 84 F-15 fighter jets. Not to be left behind, British Prime Minister David Cameron made his first visit to Saudi […]

Europe Steps Up Pressure on Greece

http://pix04.revsci.net/H07707/b3/0/3/0806180/312082053.js?D=DM_LOC%3Dhttp%253A%252F%252Fwww.themuslimtimes.org%252Fwp-admin%252Fpost-new.php%26DM_CAT%3DNYTimesglobal%2520%253E%2520General%26DM_EOM%3D1&C=H07707%2CH07707http://pix04.revsci.net/H07707/b3/0/3/0806180/46547232.js?D=DM_LOC%3Dhttp%253A%252F%252Fwww.themuslimtimes.org%252Fwp-admin%252Fpost-new.php%26DM_CAT%3DNYTimesglobal%2520%253E%2520General%26DM_EOM%3D1&C=H07707BRUSSELS — European finance ministers increased pressure on Greek bondholders to take voluntary losses to ease the region’s debt crisis late Monday and took new steps to complete action on a new bailout fund as the International Monetary Fund had urged. The ministers backed efforts by Greece to keep the […]