The Federal Reserve must ensure the U.S. job market is in full health before it begins to ease its aggressive bond-purchasing program, its top officials said at the Fed's latest policy meeting. This afternoon, the central bank released the minutes of the Federal Open Market Committee meeting of June 18 and 19.
In that session, the officials cited a moderate pace of economic expansion, but said it was coupled with an unemployment rate that remains high.
Originally published on Sat July 13, 2013 11:06 am
Paris' historic Hotel Lambert, once home to the likes of Voltaire and Chopin, was partly damaged by fire early Wednesday.
The BBC reports that the 17th-century structure lost a section of its roof and a central staircase and saw water and smoke damage to celebrated fresco paintings by Charles Le Brun, who also designed the Hall of Mirrors at Versailles.
Originally published on Thu July 11, 2013 10:08 am
Americans will get the same ham slabs and bacon slices they have enjoyed for generations, even after Smithfield Foods becomes a Chinese subsidiary, Smithfield CEO Larry Pope told Congress on Wednesday.
The English national character is an eternal mystery. But from time to time we get a glimpse of some of its components. The story of Billy The Trumpet is one such occasion.
Billy is the embodiment of English eccentricity. He belongs to a boisterous ragtag band of sports fans called the Barmy Army. They're considered "barmy" for very good reason: These people follow England's national cricket team everywhere.