Airlines demand answers after air traffic control failure
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More than 150 flights were cancelled and thousands more grounded on
Wednesday.
42 minutes ago
North America 2007 SUMMER in MAY //usa2007blogspot.com
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WHY ZERO INTEREST; ... Instead, the Federal Reserve slashed benchmark interest rates to near zero, lowering yields for conservative investments like money market funds and pushing frustrated investors into riskier corporate bonds offering higher returns. As demand for those bonds rose, businesses were able to issue more of them than ever, and use the proceeds to pay off old ones coming due soon.
"The Fed encouraged debt refinancing, but we need debt extinguishment," says Boockvar.
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