Bad News Bernanke: The Return
Everyone's gotten a little worked up lately because the Dow hit the 13,000 mark a couple of times, but here comes Fed chief Ben Bernanke to hit us with the reality stick, or at least give our knuckles a bit of a rap, in an economic update delivered to Congress on Wednesday.
Everyone’s gotten a little worked up lately because the Dow hit the 13,000 mark a couple of times, but here comes Fed chief Ben Bernanke to hit us with the reality stick, or at least give our knuckles a bit of a rap, in an economic update delivered to Congress on Wednesday. –KA
Rock Solid JournalismCNBC:
Stocks struggled for direction Wednesday as Bernanke dashed hopes for further monetary stimulus and as traders shrugged off the Fed’s latest report that showed the economy grew at a “modest to moderate” pace in the last two months.
The Dow Jones Industrial Average struggled to move back into positive territory, after finishing above the psychologically-important 13,000 level in the previous session for the first time since May 2008.
In 2026, amid chaos and the nonstop flurry of headlines, Truthdig remains independent, fact-based and focused on exposing what power tries to hide.
Support Independent Journalism.
Technology
Facebook Reality Labs’ mission to augment reality and drape humanity in wearable tech has been an $80 billion failure. But the company isn’t giving up.
Activism
Communities in the tournament's host cities are holding know-your-rights trainings and ICE-free events to keep immigrants safe.
Politics
The region’s prevailing narrative of individualism and conservatism obscures a rich labor history centered around worker solidarity, public health and progressive attitudes toward equality and class.
Editorial Cartoons
Editorial Cartoons
Editorial Cartoons
You need to be a supporter to comment.
There are currently no responses to this article.
Be the first to respond.