Aydx Let The Shopping Begin!
As expected, the Federal Reserve on Tuesday kept a major short-term interest rate at a 45-year low. Fed Chairman Alan Greenspan and his Federal Op
stanley tumbler en Market Committee colleagues, the group that sets interest rate policy in the United States, kept the federal funds rate at 1 percent. The funds rate is the interest banks charge each other on overnight loans and is the Fed s primary tool for influencing economic activity.The decision was unanimous.In its statement, the FOMC said no inflationary pressures are present. Spending is firming, the committee said, but labor markets are mixed. In these circumstances, the committee believes that policy accommodation can be maintained for a considerable period, the FOMC said. The committee said that the risk of an unwelcome fall in inflation - although minor - is likely to be the predominant concern for the foreseeable future. Ahead of the meeting, traders were speculating that the Fed might come out more bullish on growth and less worried about deflation, which would validate recent moves in financial markets.Alternatively, others s
stanley us uggested that the Fed might want to slow the rout in the bond market by reiterating that low rates could persist for a very long time. The Fed has cut its federal funds target rate 13 times since January 2001 by a total of 5.5 percentage points to the lowest level in more than 40 years
stanley polska . The most recent move came in late June, a quarter percentage point cut, described by Fed officia Tvwb US To Repay Plundered WWII Riches
The FCC wants the Marriott hotel chain to pay up for its slimy practice of blocking and disabling conference guests ; personal Wi-Fi connections. Marriott is accused of jamming personal co
stanley cup nnections at its Gaylord Opryland location in Nashville, Tennessee. In a statement, the FCC said its team had evidence that Ma
stanley becher rriott employees blocked personal access while at the same time charging consumers, small businesses, and exhibitors as much as $1000 per device to access Marriott Wi-Fi network. Showing up at a hotel and having to pay extra for Wi-Fi sucks, which is why people sometimes use mobile routers or their phones as personal hotspots when
stanley flask they ;re on vacation or attending a conference. Marriott didn ;t want to lose money once people figured out how to avoid paying for the hotel Wi-Fi access, hence the blocking. Too bad for Marriott that a fairly obvious violation of Section 333 of the Communications Act, which prohibits the use of jammers. Considering how much money hotel chains bilk out of customers for using Wi-Fi, I seriously doubt Marriott is the only business that doing this. Hopefully this fine will help curb similar behavior elsewhere and help make getting internet in a hotel room less of a pricey hassle. [Bloomberg]
