New $100 bills coming to a bank near you in October
Story: http://nbcnews.to/17XlMsi l Photo: Federal Reserve
So much for the modest, admittedly counterfeit-prone money of our youth.Now Ben Franklin’s just runnin’ around, showing off his gold numbers to everyone.
The suspect, 21-year-old Quazi Mohammad Rezwanul Ahsan Nafis, is a Bangladeshi national who came to the U.S. on a student visa in January for the specific purpose of launching a terror attack here, authorities said. He allegedly told an undercover agent last month that he hoped the attack would disrupt the presidential election, saying “You know what, this election might even stop,” according to the criminal complaint against him.
Authorities say Nafis bought what he thought were explosives from who he thought was “an al-Qaida facilitator.” It was actually an FBI agent, and Nafis was arrested by the bureau after parking a truck full of the “explosives” next to the New York City Federal Reserve building and attempting to detonate it with a cell phone. A statement praising “our beloved Sheikh Osama bin Laden” and claiming responsibility for attack was found on a thumb drive on his body. source
We’re looking for ongoing, sustained improvement in the labor market. There’s not a specific number we have in mind. What we’ve seen in the last six months isn’t it.Federal Reserve Chairman Ben Bernanke • Discussing the Fed’s plan to expand its mortgage debt holdings at a rate of $40 billion per month for the foreseeable future, in an effort to jump-start the economy. The third round of quantitative easing, lovingly called QE3 by the monetary nerds, drew a major reaction from the market, pushing benchmark indexes to a level not seen since people listened to “Chocolate Rain” on the regular. If monetary policy makes you happy to be alive, today was your day.
“Congressman Paul got me interested in the Federal Reserve.”
Yeah, it turns out it’s this place and they can just like make money there. I mean, goddamn!
Ahahahahaha.
» How they worked: These banks took advantage of a set of emergency loans from the Federal Reserve distributed between August 2007 and April 2010. Bloomberg Markets magazine did the math on the numbers and figured out that, by looking at the companies’ net interest margin, you could see how the companies took advantage of the below-market rates they got on the loans to earn a profit. The companies that scored the biggest paydays? Citigroup, which earned $1.8 billion, and Bank of America, which earned $1.5 billion.
How about this for a redesigned $10 bill? And there’s more where that came from.
各位覺得美元若重新設計是否好看？更多構想請見《城事》。
Elegant concept. It’s actually fairly reminiscent of Canada’s plastic money, what with the holographic strip and all. But patriotism doesn’t know good design.
(Source: thisbigcity)
When reminded of his earlier statement that the chair of the Federal Reserve was behaving in an “almost treasonous” manner, Perry says, “I think that is a very clear statement of fact.”
» This is both the largest consumer protection fine ever levied by the Fed and the first time the institution has punished a bank for nudging customers into subprime loans. There’s more to come, too; in addition to the fine, the order also “requires that Wells Fargo compensate affected borrowers,” although it’s unclear how this will work. It’s better than nothing, but $85 million just seems a bit low; as a point of comparison, the bank made $2.5 billion in the first three months of 2010 alone.
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Dennis Kucinich is following in Ron Paul’s footsteps and calling for an end to the Federal Reserve.
They both have different means to an end, but Kucinich and Ron Paul are so far on either end of the ideological spectrum that they occasionally touch.
Working the crowd: Bernanke told reporters that his decision to hold this first-ever event was part of his effort to increase transparency at the Federal Reserve. On the issues, though, Bernanke was less a revelatory messenger than that of a lot of news we sort of already knew — unemployment is high, inflation is a risk as always (though one he sought to downplay), the deficit is unsustainable, and the Fed will be broadly staying the course with its monetary policies. That said, we want to give him some credit. First, the Federal Reserve has been a very secretive organization throughout its life, and Bernanke’s effort in making himself more available is admirable. Second, that might be the best damn beard in all of central banking. source
The job market has improved only slowly. … This gain was barely sufficient to accommodate the inflow of recent graduates and other new entrants into the labor force and, therefore, not enough to significantly erode the wide margin of slack that remains in our labor market.Federal Reserve Chair Ben Bernanke • Explaining, in front of the House Budget Committee, the issues he and others are having with the slow pace of the economic recovery. While things are recovering, job growth is way too slow for his comfort. In other news, Bernanke says that inflation is likely to stay low for the foreseeable future, and that the government needs to get the budget situation dealt with. “Creditors would never be willing to lend to a government with debt, relative to national income, that is rising without limit,” he says, suggesting that we could face an actual fiscal crisis if we don’t take heed. Great. source (via • follow)
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