by Dorothy Zhang | Jul 7, 2011 | Business & Tech
WASHINGTON — The former vice chairman of the Federal Reserve on Thursday said the stock market would “tank” if the U.S. government defaulted on debt. If the market’s expectation that a deal to increase the debt ceiling is proved to be wrong, they would be shocked,...
by Moran Zhang | Jul 7, 2011 | Business & Tech
WASHINGTON (MarketWatch) — Large investment and financial firms on Thursday told the Securities and Exchange Commission to slowly incorporate international accounting rules into the U.S. standard. Speaking at a roundtable hosted by the SEC, senior executives said they...
by Molly Born | Jul 7, 2011 | Business & Tech
WASHINGTON — Alaska’s celebrated bike trails are among the six newly numbered paths in the U.S. Bicycle Route System. But just weeks before that announcement, a task force of transportation experts had to figure out exactly how to include them. When Alaska submitted...
by Hannah G. Vickers | Jul 7, 2011 | Business & Tech
WASHINGTON— Secretary of State Hillary Clinton announced on Wednesday the launch of TechGirls, an educational initiative for girls from Muslim countries interested in technology. “It will bring teenage girls from the Middle East and North Africa for an intensive month...
by Kaitlin Meehan | Jul 7, 2011 | Business & Tech, Politics
WASHINGTON — President Barack Obama held the first-ever Twitter town hall Wednesday at the White House. Obama answered the most-popular questions from the public tweeted using the hashtag #AskObama. Twitter co-founder Jack Dorsey moderated the event and neither...
by Moran Zhang | Jul 6, 2011 | Business & Tech
IMF Managing Director Christine Lagarde speaks on Wednesday in Washington. (Moran Zhang/MNS) WASHINGTON — Under pressure on many fronts, Christine Lagarde used her first news conference as managing director of the International Monetary Fund to lay out her...
