The goal of the Federal Reserve's low interest rate policy is to juice the economic recovery. The low rates should make it easier for people to borrow money, which they'll hopefully spend; the increased demand for goods and services is then supposed to translate into more hiring.
That's what the Fed is banking on. It hopes low interest rates will help with its mandate of achieving maximum employment, but it also has another mandate: to keep prices stable.
"In many cases, those two conflict," says economist Joe Gagnon of the Peterson Institute for International Economics.
To the list of weird-sounding hybrid words of the digital age, like Googling and tweeting, we can now add "pinning." As in Pinterest. It's sort of an online scrapbook or bulletin board, and it's one of the fastest-growing websites in history.
Last month, more than 10 million unique visitors signed on to Pinterest. But some of them, like Billy Winburn, are still trying to get the hang of it. At an office in Alexandria, Va., Jennifer Folsom, who works a few desks away, is walking him through the process.
At newsstands across France on Wednesday, readers will delight to a humorous broadsheet published every four years on leap day.
At news shops in Paris and around France, readers look forward to their copy of La Bougie du Sapeur every Feb. 29. Published since 1980, the satirical journal is now in its ninth edition. Its title, which translates as "sapper's candle," is taken from an old French comic-book figure who was born on that fateful last day of February.
Dave Zinkoff — or simply "The Zink" — was perhaps the most distinctive public address announcer in sports when, years ago, he called games in Philadelphia, especially for the city's NBA teams. Just his declaring that there were two minutes left in the quarter made you feel that, never mind that quarter, doomsday was but 120 seconds away.
But nothing The Zink cried out was so resounding as when Wilt Chamberlain would make an emphatic slam.
Wednesday on Access Utah, Tom Williams moderates a discussion between proponents and opponents of Utah signing the Health Care Compact, which would move health care services away from the federal government to be managed by individual states. Our guests are Danny Harris of Utah AARP, Jason Cook of the Utah Health Policy Project, Stan Rasmussen of the Sutherland Institute, and Don Ruzicka of the Eagle Forum.
Cities across the country and Utah are opting to bury their power lines instead of stringing them overhead, and one Democratic state lawmaker wants to help them pay for it. House Bill 291, sponsored by Representative Joel Briscoe, allows city councils to approve a tenth of a cent sales tax hike to be used solely for burying utility lines. He says there are many good reasons to halt the construction of new above-ground lines, aside from saving trees.
It's called the Overseer, a large rock outcropping with a mouth that appears in the fall to swallow the sun and in the spring to spit it back out, an event that the public is invited to celebrate this year on March 3 at 7:30 a.m. Chris Holmes describes the event.
On or shortly before February 20, two animals were shot with a small caliber weapon near Modena, Utah. The cattle owner reported the crime to Iron County law enforcement, who are offering $1,000 reward for information leading to an arrest.