by Yimian Wu | Oct 13, 2015 | Business & Tech
WASHINGTON – The Federal Reserve should raise the short-term interest rate hovering near zero to 2 percent to avoid financial bubbles in the future, St. Louis Federal Reserve President James Bullard warned Tuesday. Even though he doesn’t expect an asset bubble...
by Brian MacIver | Oct 7, 2015 | Business & Tech
WASHINGTON — A bidding war between major telecom companies to increase their coverage capabilities may be on the horizon after a bill incentivizing government agencies to sell their broadband spectrums received strong bipartisan support from the House...
by Yimian Wu | Oct 7, 2015 | Business & Tech
In the aftermath of the stock market freefall in June, China is facing three potential economic bubbles — but they are manageable, a China expert said Wednesday during a forum at the American Enterprise Institute. Rising real estate prices, growing debt and the...
by Yimian Wu | Sep 30, 2015 | Business & Tech
WASHINGTON – With Uber under pressure in Europe, opponents in the U.S. called for legal requirements in the “sharing economy” to level the playing field for traditional taxi service in the United States. Mike Fogarty, president of the Taxicab, Limousine &...
by Jin Wu | Aug 30, 2015 | Business & Tech
Critics worry that new state regs for bitcoin firms could impede market WASHINGTON – If you live in New York and trade in the digital currency known as bitcoin, here’s something you should know: Your choices on service providers may be severely limited due...
by Kulwant Saluja | Aug 27, 2015 | Business & Tech, National Security
WASHINGTON—- With cyber attacks grabbing the public’s attention, calls for retaliation, especially against suspected state-sponsored intrusions, have escalated. Critics argue that a passive approach by the U.S. government only emboldens perpetrators. Draw a red...
