WASHINGTON - The Federal Reserve's monetary stimulus is helping the economy recover but the central bank needs to see further signs of traction before taking its foot off the gas, Fed Chairman Ben Bernanke said . Full Article
WASHINGTON - The Internal Revenue Service official at the center of a tax scandal about extra scrutiny of conservative groups told a congressional hearing on Wednesday she had done nothing wrong but asserted her constitutional right not to answer questions.
STOCKHOLM - Hundreds of young people have torched cars and attacked police in three nights of riots in immigrant suburbs of Sweden's capital, underscoring the country's failure to defuse youth unemployment and resentment of asylum seekers. Full Article
Politicians are hypocrites when they complain about the cross-border tax strategies of Apple and other multinationals. But "hypocrisy is the tribute vice pays to virtue." It’s high time that companies admit taxes on profit are fair payments for the help that governments give them. Commentary
To his supporters, he’s the personification of everything that’s best about the financial system. But to detractors, he’s the personification of all that’s wrong with modern banking — the arrogance, the resistance to new regulation, the astronomical pay in the face of obvious mistakes. Commentary
We are witnessing the slow death of public opinion in this country. It’s being displaced by party opinion. Elections today are less and less about persuasion and more and more about mobilization: You rally your supporters in order to beat back your opponents. Commentary
Japan’s property sector has been down in the dumps for decades. But the country's massive stimulus drive is finally convincing people to buy again as they bet interest rates and prices will rise. Video