Bernanke Defends Fed’s Stimulus Measures
Mark Wilson/Getty Images(NEW YORK) — Federal Reserve chairman Ben Bernanke says the bank’s stimulus measures have helped the global economy, in spite of criticism from abroad, the BBC reports. Brazil has criticized the United States for keeping intere…
International Monetary Fund Lowers Global Growth Forecast for 2012
Comstock Images/Thinkstock(NEW YORK) — More than ever the U.S. is part of the global economy, with millions of American workers depending on jobs linked to imports and exports. But a new warning that the world’s economy has weakened further coul…
Egypt Seeks Nearly $5 Billion in Aid from IMF
Stockbyte/Thinkstock(CAIRO) — Waning tourism and growing debt is threatening the Egyptian economy, and now the post-Mubarak government is asking the International Monetary Fund for help to the tune of nearly $5 billion.In a meeting Wednesday with IMF …