Sweetie looks much like other unfortunate young Filipinas. Just 10 years old, her user profile shows, she spends her days online fielding requests from men who offer her money to perform sexual acts in front of a webcam. When she logs on, invitations pour in -- “Are you a working girl?” or “I’m into girls your age” -- from strangers keen to get her into a private show via Skype or Yahoo! Messenger.
Britain’s biggest operator of food banks said the number of people it helped rose 163 percent last year, as people on low incomes and dependent on welfare benefits suffered under the government’s austerity program.
Federal Reserve Bank of Boston President Eric Rosengren said that while the conflict in Ukraine probably won’t destabilize the U.S., Europe faces more risk to its banking system or a potential oil-supply disruption.
Federal Reserve Bank of Boston President Eric Rosengren said the central bank should adopt more specific guidance on the likely path of interest rates after dropping a link to a jobless rate of 6.5 percent.
U.K. government bonds rose, with 10-year yields approaching the lowest level since October, as tension in the eastern Donetsk region of Ukraine escalated, boosting demand for the safest fixed-income securities.
Banks identified as systemically important to the global economy face tighter rules on how much business they can do with each other as part of a push to limit the chance a single failure would drag down multiple lenders.