Federal Reserve Chairman Ben S. Bernanke and his colleagues are suffering through their own form of cognitive dissonance: revealing new concerns about the economy’s long-term prospects even as they forecast faster growth in 2014.
Concerns raised by two Harvard researchers over new treatment guidelines for heart risk shouldn’t change the method used for determining what patients should get cholesterol-lowering drugs, top U.S. heart doctors said today at the American Heart Association meeting in Dallas.
German economists are rebutting accusations from the U.S. Treasury Department and Nobel laureate Paul Krugman that their nation’s current account surplus is too large and poses a threat to global growth.
Chicago Mayor Rahm Emanuel’s plan to quell his city’s gun violence with more jail time is running into Illinois fiscal reality as well as claims that mandatory prison sentences, popular in statehouses for decades, are unaffordable and ineffective deterrents to crime.
Investcorp Bank BSC, the Bahrain- based investment firm that manages $10.5 billion, bought offices and retail assets across the U.S. valued at $240 million, adding to holdings bought earlier this year.
Anthony and Jay Robert Pritzker, brothers and heirs to the Hyatt Hotels Corp. and Marmon Holdings Inc. manufacturing fortune, settle in for salads and sandwiches at their 40th-floor office in Chicago’s West Loop. A decade ago, the duo joined family members who allied against their sister, Penny, who’s U.S. President Barack Obama’s commerce secretary, and two cousins.