- Pregnancies decline overall, up among older women
- Pentagon plans to destroy Syrian chemical arms on ship at sea
- Paris Metro issues ‘politeness manual’ to improve passengers’ behavior
- Justin Bieber, crew detained at Australian airport in drug search
- Lee Rigby trial: Muslim who machete-hacked soldier calls it ‘humane’ kill
- GM ending Chevy sales in Europe to focus on Opel and Vauxhall
- Putin’s diplomats to U.S. busted for living high life off $1.5M bilked from Medicaid
- Happy Meal: Couple goes to McDonald’s, leaves with bag packed with cash
- Boehner: It took me 3 to 4 hours to sign up for Obamacare
- Oh my God! Costco lists Bible as fiction, Ron Burgundy memoir as gospel
Economy Briefs: Former ECB chief economists criticize bond-buying program
BERLIN — The European Central Bank’s two former chief economists are criticizing the institution's plan to buy unlimited amounts of government bonds.
Otmar Issing and Juergen Stark said in separate interviews published Sunday that the central bank is overstepping its mandate.
In September, the ECB announced plans to buy bonds to help lower borrowing costs for struggling nations once they get assistance from Europe’s rescue funds and meet certain conditions.
Mr. Issing told the BBC in an interview to be broadcast Monday that the bond-buying program "is something very dangerous, because here the ECB is doing the business that is not done by governments."
German news magazine Der Spiegel quoted Mr. Stark, who stepped down over policy disagreements last year, as saying the ECB has “overstepped its mandate” and has started to finance government debt.
MidAmerican inks deal to buy two California wind farms
MidAmerican Energy has agreed to buy two wind projects under construction about 120 miles north of Los Angeles from the wind developer Terra-Gen Power. Terms of the sale were not disclosed.
The two projects, totaling 300 megawatts of peak electric capacity, will be part of the larger Alta Wind Energy Center in Tehachapi, Calif., much of which is already in operation.
MidAmerican, a subsidiary of Berkshire Hathaway Inc., said Sunday that it will sell the electricity to Southern California Edison under long-term power purchase agreements. In typical conditions, the projects will produce enough electricity to meet the demands of about 80,000 homes.
Nissan offers Leaf discounts to spur electric-vehicle sales
DETROIT — Nissan is offering cheap leases and big discounts on the Leaf because of slow sales of the all-electric car.
Nissan Motor Co. sold only 4,228 Leafs this year through August, almost a third fewer than a year ago.
It also has a big inventory of the cars nationwide. At the end of August it had enough 2012 models in stock to supply dealers for 114 days, according to Ward’s AutoInfoBank. Automakers consider a 60-day supply to be optimal.
Last month, Nissan started offering Leafs for $219 per month with $2,999 down for 32 months. That is down from $249 per month earlier in the year.
• From wire dispatches and staff reports
- 'Hunger Games' delivers Obama's message on income inequality: liberal group
- CARSON: Getting to the top by starting at the bottom
- NAPOLITANO: Pope Francis should be saving souls, not pocketbooks
- Hack attack: 2 million Facebook, Twitter passwords stolen
- Obama returns to class warfare as poll numbers plunge
- Russian diplomats busted bilking $1.5 million from Medicaid
- CURL: 'Mission Accomplished' for Obamacare
- Obama lived with Uncle Onyango Obama in the 1980s, White House admits
- Nelson Mandela, South Africa's first black president, dies at age 95
- American teacher shot and killed at Benghazi international school
Independent voices from the The Washington Times Communities
Interviews and show reviews from the Los Angeles punk scene past and present. Los Angeles has always been rich in punk rock talent since punk rock was born.
NFL junkie Eric Golub reports on his favorite obsession. There is no football offseason. Every February he pretends to care about other sports while sobbing uncontrollably each Sunday until September.
All of the world’s problems, solved on your back porch
Brazen, leading-edge, “call it like it is” columns and reporting from Ohio native, radio host and writer, Sara Marie Brenner.
White House pets gone wild!