The Old World's worries are not necessarily bad news for the New World's economy — at least in the short term.
The Federal Reserve has given the public increasingly more information about its work and its thinking. More doesn't always mean more revealing.
The federal student loan program seemed like a great idea back in 1965: Borrow to go to college now, pay it back later when you have a job. But many borrowers these days are close to flunking out, tripped up by painful real-life lessons in math and economics.
The federal student-loan program seemed like a great idea back in 1965: borrow to go to college now, pay it back later when you have a job.
Greece's creditors agreed Friday to take cents on the euro in the biggest debt writedown in history, providing much-needed breathing room for European nations living beyond their means.
Greece faces further hurdles and delays before it can receive a second $171 billion bailout in spite of its lawmakers voting through more austerity measures in the face of violent protests.
Japanese high-tech giant Hitachi said Monday it will stop making televisions by the end of September, Agence France-Presse reports from Tokyo, as intense price competition hurts TV earnings at many electronics manufacturers worldwide.
In a major shift, the Federal Reserve will start announcing four times a year how long it plans to keep short-term interest rates at current levels, according to minutes from its December policy meeting.
Credit-rating agencies are taking a hard look at European Union countries and don't like what they see. Many of those nations won't enjoy a happy new year after their credit is downgraded. This will throw all of Europe into a financial tailspin.
