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For Discussion: U.S. Monetary Policy

Fed Sees Need for Low Interest Rates Through Mid-2013

In response to a slowing economy, the U.S. Federal Reserve, despite some internal dissent, announced Tuesday that it plans to keep monetary policy stimulus in place, noting that it will keep short-term interests rates exceptionally low through at least mid-2013. The Fed will also continue to reinvest bond proceeds maturing in its portfolio.
Syria"s President Bashar al-Assad (L) meets with Turkish Foreign Minister Ahmet Davutoglu in Damascus

Syria pursues army offensive despite Turkish talks

Syrian forces killed at least 30 people and moved into a town near the Turkish border on Tuesday, an activist group said, even as Turkey's foreign minister pressed President Bashar al-Assad to halt assaults on protests against his rule.
Police officers stand near a burnt out shop in Clapham Junction, in south London

OPINION: London Riots: Welcome to The Real Britain, America

The fact is, as the current disturbances clearly demonstrate, that Britain is a hard, grim and rough nation that has long been scarred by social inequalities, violence, drug abuse, gang warfare, racial tension, the collapse of manufacturing and, now, an economic crisis that threatens to tear the country asunder.

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