The Fed, under Alan Greenspan, again lowered interest rates and pumped lots of liquidity into the economy-creating a period, that continues until today, of low interest rates and easy debt financing. To the surprise of most economists, general inflation did not rise. Instead, the abundant credit flowed into asset markets-causing the prices of housing and stocks to soar. This drove US inequality higher because wealthier people owned most of the assets.
The IFA consumer tech fair, one of the world's leading trade shows for consumer electronics, home appliances and other applications of technology and software, will kick off in Berlin on Friday. During the six-day event, more than 1,800 exhibitors from over 30 countries will offer their services to retailers, buyers and experts in the industry.
The Guangzhou Internet Court will mainly handle internet and intellectual property rights cases, such as disputes related to e-commerce contracts, online copyright issues and online loans, the Supreme People's Court said in a statement.
The Guizhou provincial finance department and emergency management department have earmarked 4 million yuan for disaster relief efforts in the affected areas. Tents, clothes, quilts, folding beds and other relief supplies have been dispatched to the affected residents.
The Hong Kong Federation of Education Workers, in a statement, threw its weight behind the decision, saying that it will protect students as well as maintain the professionalism of the teaching profession.
The First Amendment of the US Constitution guarantees freedom of the press.
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The Federal Reserve said Friday it would extend its asset purchase program into short-term municipal bonds.
The Foreign Law Ascertainment Platform on cicc. court.gov.cn - the website of the International Commercial Court under the Supreme People's Court -is open to not only judges, litigants, lawyers and cross-bordered business agencies and enterprises, but also to those who need to understand foreign laws, including legislative authorities, arbitration institutions and government departments.
The Geneva International Motor Show, which usually attracts around 600,000 visitors to the Swiss city, is set to run between March 5 and March 15. But, following the recent cancellation of the Mobile World Congress in Barcelona, Spain, all eyes turned to the organizers of the event, the Organisation Internationale des Constructeurs d'Automobiles, to see what they will do.
The Hong Kong government said on Monday it is preparing a revised bailout plan to inject HK.4 billion into cash-strapped Ocean Park, amid growing concerns that the city's iconic marine-life theme park will cease operations as early as June.