Economic Indicators17 hours ago (Mar 22, 2020 11:40AM ET) (C) Reuters. BOSTON (Reuters) – U.S. prime money-market funds have lost more than 10% of their assets and the prospect of funds slowing customer redemptions is rising amid unprecedented market turmoil, top credit-rating agency Moody’s Corp said on Thursday. “The risk […]
Coronavirus aid bill includes $3,000 for families, $4 trillion liquidity for Fed: Mnuchin
Economic Indicators19 hours ago (Mar 22, 2020 09:40AM ET) (C) Reuters. FILE PHOTO: President Trump addresses the Trump administration?s daily coronavirus (COVID-19) briefing at the White House in Washington WASHINGTON (Reuters) – The coronavirus economic relief bill being finalized by the U.S. Congress will include a one-time $3,000 payment for […]
An Ancient Magma Flood Offers Clues About Global Warming
Roughly 60 million years ago, circulation changes deep within our planet generated a hot current of rock–the Iceland plume–causing it to rise from the heart of Earth’s mantle. When the mantle rock pierced the bottom of the North Atlantic Ocean, lava spurted across Scotland, Ireland and Greenland, scabbing into spectacular […]
DIY Rockets, Daredevils, and the Tragedy of Mad Mike Hughes
To minimize costs, Waldo had already rigged up a cockpit out of the wingtip tank from a Cold War-era Lockheed F-94 Starfighter, with air provided by a breathing bottle from a similar vintage Boeing B-50 Superfortress bomber. But the ballute alone would cost $300,000, and $2.8 million was budgeted for […]
U.S. Treasury panel wants Fed to expand purchases, revive crisis-era credit facility: sources
By Matt Scuffham, Jessica DiNapoli and Pete Schroeder WASHINGTON (Reuters) – Members of an influential financial markets advisory panel want the U.S. Federal Reserve to aggressively expand large-scale asset purchases and reinstate a 2009 crisis-era facility to support lending to consumers and small businesses, according to two people with knowledge […]