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Bank of America warrants sale raises $1.54 billion
WASHINGTON – The Treasury Department has received a record $1.54 billion from the sale of warrants it received from Bank of America as part of the support it provided during the financial crisis. The Treasury said Thursday it sold 272.17 million... (Continue reading)
Bernanke said that inflation does not threaten the U.S. economy
Ben Bernanke, the head of the Federal Reserve System (FRS), answering the questions of legislators, said the U.S. economy still growing below its potential and that inflation is unlikely to be a problem for the United States. Bernanke sent a letter... (Continue reading)
In 2010, global economy will begin to rise from his knees. According to UN projections
Written on 4 Dec, 2009 at 21:53 in Business | viewed 5 views times | 0 Comments
In 2010, the expected improvement of economic situation in the world. The pace of global economic growth next year will amount to 2,4%. This will be announced in the new UN report. The authors believe that the world economic recovery is... (Continue reading)
Used Bentley or Yacht, Anyone?
Written on 14 Nov, 2009 at 21:00 in Business | viewed 9 views times | 0 Comments
Many wealthy people sell their expensive toys because of the crisis. They prefer to be quiet about it, not to cause a commotion and to save their reputation which can be ruined with the news of such shameful sales. A group... (Continue reading)
