By Smita Prakash PATNA: With the polling process in Bihar entering its final stretch, a confident Chief Minister Nitish Kumar predicted Thursday that he saw no threat to his chances of serving a third consecutive term in office from the opposing NDA led by a boisterous Prime Minister Narendra Modi, but was candid enough to accept that there was a political challenge to be faced and taken head-on.
The wait is over.
On Wednesday, the Federal Reserve raised interest rates for the first time in nine years, ending a historic era of nearly 0% interest rates that began seven years ago today.
As expected, the outcome of the Federal Open Market Committee’s two-day meeting was an increase in the target range of the federal funds rate by 25 basis points to a range of 0.25% - 0.50%.
Submitted by Charles Hugh-Smith via OfTwoMinds blog, This week I am addressing themes I see playing out in 2016. A number of systemic, structural forces are intersecting in 2016. One is the end-game of debt-fueled "growth." We can summarize the official "solution" to the Global Financial Meltdown of 2008 in one line: borrow and blow trillions--of yen, yuan, dollars, euros, reals, you name it.
Steve Jennings / Getty ImagesThe U.S. Department of Justice is pursuing a criminal investigation of a May 2014 data breach at ride service Uber, including an examination of whether any employees at competitor Lyft were involved in the episode, sources familiar with the situation said.
JPMorgan Chase has offered to pay about $3 billion to settle an array of pending Justice Department probes, The Wall Street Journal reported Tuesday, citing a person familiar with the discussions.The Justice Department argued JPMorgan would need to pay billions above the $3 billion offer to settle the cases, according to the person.The newspaper, citing people familiar with the matter, said that JPMorgan, the biggest US bank by assets, and the Justice Department had expanded the settlement talks to include an array of cases.
Six children between one and five years old were left alone at an unlicensed home-based daycare in the Manitoba capital, police said Thursday.
The woman in charge, who was the sole caregiver, left the home at some point Tuesday, police said. A mother of one of the children arrived at 2 p.m. to pick up her child and was shocked to find no adults around.
“When the parent went there, there were … numerous knocks at the residence that met with negative results,” Det. Sgt. Natalie Aitken said.