Cleveland News
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Updated 15 minutes ago
They drive trucks. They wait on tables. Some still have factory jobs. And they likely will determine which Republican presidential candidate walks away with one of Super Tuesday’s biggest prizes.
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The Jeremy Lin-led New York Knicks drew their smallest television audience on MSG Network in four games during their 120-103 home win against the Cleveland Cavaliers two nights ago.
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Updated 3 hours, 29 minutes ago
Dan Kowalyshyn figures he owes about $200,000 more than what his four-bedroom house is worth today. It faces a cul-de-sac where three of the six homes have been lost to foreclosure since his $570,000 purchase in 2006.
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Federal Reserve Bank of Cleveland President Sandra Pianalto said she is “comfortable with the current stance of monetary policy” and expects the economy will expand at a 2.5 percent rate this year and 3 percent next year.
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U.S. President Barack Obama said he knew about Jeremy Lin’s basketball abilities long before the guard graduated from Harvard University and went from National Basketball Association bench-warmer to sudden fame with the New York Knicks.
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Jeremy Lin had 19 points and 13 assists as the New York Knicks rallied to defeat the Cleveland Cavaliers 120-103.
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U.S. stocks fell, trimming the longest monthly rally in a year for the Standard & Poor’s 500 Index, as Federal Reserve Chairman Ben S. Bernanke gave no indication of further measures to stimulate the economy.
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The following is the summary text of the Federal Reserve Board’s Summary of Commentary.
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The following is the text of the Federal Reserve Board’s Fourth District-- Cleveland.
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The Federal Reserve said the U.S. economy expanded at a “modest to moderate pace” in January and early February as factories increased production.
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