Federal Reserve Chairman Ben S. Bernanke is putting investors on notice that the central bank is prepared to begin phasing out one of the most aggressive easing programs in its century-long history later this year.
North Korea is ready to return to six-party talks on its nuclear program, China said, the third time this month that Kim Jong Un’s regime has proposed new dialogue after easing off months of harsh rhetoric.
The U.S. worked to sustain plans for Afghan peace talks after President Hamid Karzai balked over the American role and the Taliban’s move to open an office under the name it used when it controlled Afghanistan.
The fundamental law of capitalism is that if workers have no money, businesses have no customers. That’s why the extreme, and widening, wealth gap in our economy presents not just a moral challenge, but an economic one, too. In a capitalist system, rising inequality creates a death spiral of falling demand that ultimately takes everyone down.
Hopes could hardly be lower for the talks between U.S. and Taliban representatives that are scheduled to begin this week in Doha. A day after announcing they would enter negotiations, the Taliban killed four coalition soldiers in a rocket attack outside Kabul, Afghanistan. Afghan President Hamid Karzai, worried that the U.S.-sponsored talks will legitimize his enemies, abruptly cut off discussion over a long-term role for U.S. forces there.