Federal Reserve Chairman Ben Bernanke said the Fed is ready to implement "balance sheet actions if necessary."
That means if the Federal Open Market Committee feels that the economic recovery is in danger, it is ready to implement a third round of quantitative easing, or bond purchases intended to bring down long-term interest rates and spur borrowing and spending.
"If appropriate... we remain entirely prepared to take additional action," the chairman said. "We will not hesitate to use them."
As the home of First Wind's Milford Wind Project, the Blundell Geothermal Plant, the Cyrq Energy Geothermal plant and Utah's first hydroelectric power plant, Beaver County and the City of Milford is at the center of Utah's renewable energy industry.
As I write this, it's about 1 a.m. in Nepal and, according to National Geographic magazine's iPad app, a group of climbers is camped on the side of Mount Everest, possibly sleeping (though we can't be totally sure), at nearly 21,000 feet. They expect to make a final summit push in early May.
NPR's Neal Conan reads from listener comments on previous show topics including the Secret Service prostitution scandal, Harvey Weinstein's new movie Bully, and the process of smuggling immigrants over the border.
SB 1070, the Arizona immigration law that requires local police to question and detain people suspected of being in the country illegally, has served as a model for similar legislation. Los Angeles Times and Chicago Tribune Supreme Court correspondent David Savage listened in on the arguments.
The Utah Department of Transportation employee who was wrongfully fired after being accused of leaking confidential information about a contract bid wants to be compensated for her time out of work and she wants her old position back. She is calling on Utah Governor Gary Herbert to help her reach an agreement with UDOT, but it’s doubtful he’ll be on board.
Former UDOT Civil Rights manager Denise Graham says what UDOT gave her after a judge determined her termination was unjust was a new position and essentially a gag order.
A controversial plan to connect Utah’s ski resorts is gaining support from local business leaders. A new coalition touts the economic and environmental benefits of joining resorts along the Wasatch Front and Back by a gondola, but the gathering spurred dozens to protest the meeting.
Salt Lake Chamber President and CEO Lane Beattie announced the formation of the Lift Utah Coalition, which supports connecting Wasatch Mountain ski resorts:
Originally published on Wed April 25, 2012 3:17 pm
At airports, train stations and other public places across the nation, the Department of Homeland Security's "See Something, Say Something" campaign has encouraged people to report suspicious activity in an effort to prevent terrorist attacks. But a recent government survey found citizens are not jumping in to report others.
Mitt Romney swept all five primaries on Tuesday, solidifying his hold on the GOP presidential nomination. Newt Gingrich made a last stand in Delaware, but came up short and aides to the former House speaker say he plans to suspend his campaign soon and will likely endorse Romney.