The Obama administration unveiled measures to handle a surge of undocumented immigrants entering the U.S. -- particularly unaccompanied children -- by adding border enforcement personnel and funding repatriation efforts.
Federal Reserve Bank of Boston President Eric Rosengren warns that a relative calm in markets “may be challenged in the future” as the Fed reduces accommodation. *The sharp rise in interest rates last year is a reminder that “uncertainty or misunderstanding about the contours of our exit has the potential to be problematic,” Rosengren says in a speech in Guatemala City *Recent low volatility in the U.S. Treasury market is due “in part to the very gradual and predictable reduction” in the Fed’s large-scale asset purchases, “along with an economy that has continued to improve, albeit only gradually and with some setbacks along the way:” Rosengren *As part of an eventual reduction in stimulus, the Federal Open Market Committee could “decide to reinvest all but a given percentage of securities on the balance sheet as they reach maturity, and increase that percentage at each subsequent meeting:” Rosengren *Maintaining a large balance sheet would give the FOMC “conti
After Moscow was picked to host the 1980 Summer Olympics, Soviet leader Leonid Brezhnev considered backing out as he fretted over the costs and political risks. Not so Vladimir Putin, who’s dreamed of bringing the games back to Russia for two decades and has staked his legacy on success.
Internet entrepreneur John McAfee, wanted for questioning in the shooting of an American citizen in Belize, was transferred to a hospital in Guatemala City after being denied political asylum by the government.