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Money and Monetary Policy

A collection of news and information related to Money and Monetary Policy published by this site and its partners.

Top Money and Monetary Policy Articles

Displaying items 12-22
  • L.A. council votes to pressure two banks to redo interest rate swaps

    The Los Angeles City Council voted unanimously Wednesday to seek to redo borrowing deals with two banks that advocates say are charging excessive interest rates and eating up money that could help with major infrastructure repairs. The vote made Los...
  • L.A. Council calls for banks to renegotiate bond interest rates

    L.A. Council calls for banks to renegotiate bond interest rates
    The Los Angeles City Council unanimously voted Wednesday to try to get out of borrowing deals with banks that advocates say are siphoning off money from the city. But at the council meeting, questions arose about how and where the city could use any...
  • Robust manufacturing output buoys U.S. economic outlook

    Robust manufacturing output buoys U.S. economic outlook
    WASHINGTON (Reuters) - U.S. manufacturing output rose broadly in July and automobile production recorded its largest increase in five years, boosting the economy at the start of the third quarter. While other data on Friday showed some cooling in factory...
  • Glendale philanthropist at center of dispute over will

    Glendale philanthropist at center of dispute over will
    The owner of a Glendale BMW dealership and the children of a deceased man who once owned a portion of the property on Brand Boulevard on which it sits are embroiled in multiple legal battles relating to his wills as well as alleged elder abuse. A San...
  • L.A. weighs plan to press banks to renegotiate rate swaps

    Los Angeles could become the nation's biggest city seeking to jettison financial deals crafted on the eve of the Great Recession that union and community activists contend are draining funds from city services. The City Council will vote Wednesday on...
  • County considers requiring supermajority vote to boost pay, benefits

    County considers requiring supermajority vote to boost pay, benefits
    Los Angeles County's five supervisors took a step Tuesday -- over the objections of labor groups -- toward approving a new set of rules that would require a four-fifths vote for any salary or benefit increases in union contracts. The proposal by...
  • Should Seniors Buy A House With A HECM Reverse Mortgage?

    Many home purchasers are seniors. Some become homeowners for the first time, but most have been and want to remain homeowners. They just don't want to remain in their current house. They may want a house that has no stairs, or one that is closer to family...
  • Dow drop: Good news at home could be to blame

    Dow drop: Good news at home could be to blame
    Believers in Goldilocks took a bite full of economic and stock market news Thursday that was too hot to swallow. Lately, investors have been lulled by the Goldilocks principle — nothing too hot or too cold. The stock market has continued rising...
  • Job growth jumps, unemployment near six-year low

    Job growth jumps, unemployment near six-year low
    U.S. employment growth jumped last month while the unemployment rate neared a six-year low, decisive evidence the economy is moving forward at a brisk clip after a surprisingly big slump at the start of the year. The economy added 288,000 jobs in June...
  • Fed Chairwoman Yellen says economic recovery incomplete

    Fed Chairwoman Yellen says economic recovery incomplete
    The U.S. economic recovery remains incomplete, with a still-ailing job market and stagnant wages justifying loose monetary policy for the foreseeable future, Federal Reserve Chair Janet Yellen told a Senate committee on Tuesday. In a strong defense of...
  • Three credit unions growing rapidly

    Three credit unions growing rapidly
    Three of the state's fastest growing credit unions are based in Broward County: City County, BrightStar and Sun credit unions, according to a statewide study. The three grew assets by more than 10 percent last year as a time when nationally the...