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  • Editor's pick
    • BASRA, IRAQ - OCTOBER 18:  People gather around a Land Rover as it arrives at the village Al Houta on October 18 2008 near Basra, Iraq. The trip by the 51 Sqn Royal Air Force Regiment Force Protection Wing was part of a 'key leader engagement' (KLE) visit to the village close to the Basra Airbase to recruit local labour and engage with the village shiek. Visits of this type are seen as key in efforts to continue winning the support of the local Iraqi population. Although improved security in the region has brought some benefits such as improved trade and commerce, much of the infrastructure remains in a poor state of repair. Britain's Prime Minister Gordon Brown has indicated that the number of UK troops could be scaled down - especially as the security situation in the south of the country continues to improve. From Getty Images.

      BASRA, IRAQ - OCTOBER 18: People gather around a Land Rover as it arrives at the village Al Houta on October 18 2008 near Basra, Iraq. The trip by the 51 Sqn Royal Air Force Regiment Force Protection Wing was part of a 'key leader engagement' (KLE) visit to the village close to the Basra Airbase to recruit local labour and engage with the village shiek. Visits of this type are seen as key in efforts to continue winning the support of the local Iraqi population. Although improved security in the region has brought some benefits such as improved trade and commerce, much of the infrastructure remains in a poor state of repair. Britain's Prime Minister Gordon Brown has indicated that the number of UK troops could be scaled down - especially as the security situation in the south of the country continues to improve.

    • Democratic presidential nominee Senator Barack Obama (D-IL) speaks during a campaign rally in the rain at the University of Mary Washington in Fredericksburg, Virginia, September 27, 2008. From Reuters Pictures by Reuters.

      Democratic presidential nominee Senator Barack Obama (D-IL) speaks during a campaign rally in the rain at the University of Mary Washington in Fredericksburg, Virginia, September 27, 2008.

    • A puppy stands on a truck carrying people to be evacuated from the area in preparation for the approach of Hurricane Gustav in Batabano, on the southern coast of Cuba, August 30, 2008. Powerful Hurricane Gustav roared toward western Cuba on Saturday with 125 mph (205 kph) winds on its way to the oil-rich Gulf of Mexico after a deadly pass through the Caribbean. From Reuters Pictures by REUTERS.

      A puppy stands on a truck carrying people to be evacuated from the area in preparation for the approach of Hurricane Gustav in Batabano, on the southern coast of Cuba, August 30, 2008. Powerful Hurricane Gustav roared toward western Cuba on Saturday with 125 mph (205 kph) winds on its way to the oil-rich Gulf of Mexico after a deadly pass through the Caribbean.

    • BANGKOK, THAILAND - AUGUST 30:  A member of Anti-government People's Alliance for Democracy (PAD) stands behind barbed wire outside Government on August 30, 2008, in Bangkok, Thailand. The protesters want to unseat the seven-month old coalition government lead by Prime Minister Samak Sundaravej. From Getty Images.

      BANGKOK, THAILAND - AUGUST 30: A member of Anti-government People's Alliance for Democracy (PAD) stands behind barbed wire outside Government on August 30, 2008, in Bangkok, Thailand. The protesters want to unseat the seven-month old coalition government lead by Prime Minister Samak Sundaravej.

  • Hot off the wire
    • This is a general view of Russian Orthodox Church Patriarch Alexy II residence in Peredelkino, outside Moscow on Friday, Dec. 5, 2008. Russian Orthodox Patriarch Alexy II, died Friday Dec. 5, 2008, at his residence outside Moscow at the age 79. From AP Photo by Mikhail Metzel.

      This is a general view of Russian Orthodox Church Patriarch Alexy II residence in Peredelkino, outside Moscow on Friday, Dec. 5, 2008. Russian Orthodox Patriarch Alexy II, died Friday Dec. 5, 2008, at his residence outside Moscow at the age 79.

    • Swiss Minister of Justice Eveline Widmer-Schlumpf gestures during a news conference after the weekly meeting of the Federal Council in Bern December 5, 2008. From Reuters Pictures by REUTERS.

      Swiss Minister of Justice Eveline Widmer-Schlumpf gestures during a news conference after the weekly meeting of the Federal Council in Bern December 5, 2008.

    • NEW YORK - DECEMBER 04:  Actor Harold Pirraneau attends the 2008 Stockings with Care celebrity bartending night at Bar 13 on December 4, 2008 in New York City. From Getty Images.

      NEW YORK - DECEMBER 04: Actor Harold Pirraneau attends the 2008 Stockings with Care celebrity bartending night at Bar 13 on December 4, 2008 in New York City.

  • Recently starred
    • A memorial tribute to shoe mogul Thomas Bata is shown at the Bata Shoe Museum in Toronto September 3, 2008. Bata died earlier this week at the age of 93. From Reuters Pictures by REUTERS.

      A memorial tribute to shoe mogul Thomas Bata is shown at the Bata Shoe Museum in Toronto September 3, 2008. Bata died earlier this week at the age of 93.

    • A visitor takes a close look at a photo by French photographer Bettina Rheims during the inauguration of her exhibition "Can You Find Happiness?" on March 7, 2008 at the c/o-Gallery in Berlin. The exhibition runs from March 8 to May 11, 2008. From Getty Images by AFP/Getty Images.

      A visitor takes a close look at a photo by French photographer Bettina Rheims during the inauguration of her exhibition "Can You Find Happiness?" on March 7, 2008 at the c/o-Gallery in Berlin. The exhibition runs from March 8 to May 11, 2008.

    • Forty-five euro coins, worth 500 Slovak Crowns or 16,60 euros, are seen in Bratislava where Slovakian banks and post offices started selling them on December 1,2008 before Slovakia joins the euro zone on January 1, 2009. From Getty Images by AFP/Getty Images.

      Forty-five euro coins, worth 500 Slovak Crowns or 16,60 euros, are seen in Bratislava where Slovakian banks and post offices started selling them on December 1,2008 before Slovakia joins the euro zone on January 1, 2009.

    • People walk behind the European Union's flag during the annual gay parade in Budapest July 5, 2008. Several hundreds of demonstrators clashed with the police in the center of Hungarian capital as police tried to separate them from the participants of the Gay Pride march. From Reuters Pictures by REUTERS.

      People walk behind the European Union's flag during the annual gay parade in Budapest July 5, 2008. Several hundreds of demonstrators clashed with the police in the center of Hungarian capital as police tried to separate them from the participants of the Gay Pride march.

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Federal Reserve / Articles Organization

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...Federal Reserve delivered a shot in the arm to stressed financial markets by offering to take a huge chunk of now difficult-to-trade securities temporarily out of circulation. The offer amounts to a surgical strike at one of the most worrisome new developments...
...stock prices for the purpose of 'teaching stock market speculators a lesson,'" he added. Janet Yellen, president of the Federal Reserve Bank of San Francisco, said "we face a risk that the problems in the housing market could spill over" and sap consumer spending...
...specifically Section 31 U.S.C. 5103, entitled "Legal tender," which states: "United States coins and currency (including Federal reserve notes and circulating notes of Federal reserve banks and national banks) are legal tender for all debts, public charges....
...> Guest Column > M R Venkatesh January 31, 2008 The recent cut in the benchmark interest rates by the US Federal Reserve by 75 basis points from 4.25 per cent to 3.50 per cent on January 22 and a further 50 basis points to 3 per cent on January...
...Treasuries advanced Tuesday after an emergency interest rate cut by the Federal Reserve failed to stanch stock market losses and investors continued their safe-haven bid for government debt. The Fed's sharpest rate cut in 23 years did pull European stocks...
...Fed's recent moves when he testifies on Wednesday before the congressional Joint Economic Committee. WASHINGTON -- The Federal Reserve announced Friday it will auction an additional $100 billion in April to cash-strapped banks as it continues to combat the...
...The Federal Reserve on Wednesday issued a downbeat assessment of the economy, predicting growth this year will be far slower than forecast just last fall, while inflation and unemployment will be higher. The forecast was released in conjunction with the minutes...
...2001 after the terrorist attacks of 9/11. Even before Fed officials began meeting in Washington on interest rates, the Federal Reserve Bank of New York moved aggressively to try to bolster confidence by injecting $70 billion into the financial system to provide...
...owned by "foreign governments, other central banks and official organizations around the world," according to the Federal Reserve Bank of New York's Web site. The gold doesn't belong to the U.S. government because the Federal Reserve is not part of any branch...
...Krishna Guha, chief U.S. economics correspondent for the Financial Times, discusses the move. JIM LEHRER: Today's Federal Reserve decision to cut interest rates again. Here to explain the what's and why's of the action is Krishna Guha, chief U.S. economics...

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