Janet Yellen of the Fed is winding down its quantitative easing programme, but might she soon have to wind it up again?
There is growing unease as the US central bank prepares to turn off its printing presses. Over five years the Federal Reserve has pumped almost $4.5 trillion into the US economy, in a desperate effort to counter the effects of recession and the collapse of hundreds of banks following the financial crash.
Next week the Federal Reserve chief Janet Yellen will allocate the last tranche of new money, having wound down from a regular $85bn of quantitative easing (QE) a month to a final $15bn.
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Reported by guardian.co.uk 14 hours ago.
Pol Espargaro of Yamaha broke his foot in a heavy crash during a practice session before the MotoGP season at the Malaysian Grand Prix at Sepang on Saturday.
Reported by MailOnline 19 hours ago.
Police have tonight revealed a 33-year-old man has died after being struck by a car following a disturbance in Derby. Kevin O'Connell died after the incident at 1pm in Burton Road. Two people have been arrested as part of an ongoing investigation police have launched. Anyone who may have witnessed any part of the incident on Burton Road should contact Derbyshire police on 101.
Reported by Derby Telegraph 17 hours ago.
A major computer crash has left thousands of people stranded on planes at Heathrow Airport with pilots announcing to their passengers: 'This looks like quite a big problem'.
Reported by MailOnline 17 hours ago.
A WOMAN was cut free from a car after it was winched to safety by firefighters following a crash at St Teath this evening.Fire crews were called to the scene just before 8.30pm this evening, where they found the car "in a precarious position".Cornwall Fire and Rescue service said in a statement: "The vehicle was winched to a place of safety and crash rescue equipment was used at the scene to assist in the removal of one casualty to the care of ambulance crews."Devon...
Reported by Cornish Guardian 13 hours ago.
The systems failure has caused major delays with hundreds of passengers taking to Twitter to express their anger. One pilot earlier admitted: 'This looks like quite a big problem.'
Reported by MailOnline 10 hours ago.
An East Devon couple were seriously injured in a head-on crash in October 2012 when a drunk driver was travelling on the wrong side of a dual carriageway. Now, two years later, survivor Maggie Gordon has told Echo reporter Adam Walmesley how the horrific accident changed her life and why she has forgiven the driver. IT was one of the more horrifying incidents to have occurred on the city's wider road network in recent years. A drink driver, twice over the legal limit, made a U-turn, drove the...
Reported by Exeter Express and Echo 6 hours ago.
A BUSINESSMAN crashed his Alfa Romeo in to the back of another car on the A52 while more than three times the drink-drive limit.Kevin Hall had drunk "five or six glasses of wine" in Nottingham and had decided to drive back to his Derby home when the crash happened, a court was told.He was between the M1 junction and Derby when he "failed to brake in time" and crashed into the back of another car.Police arrived and breathalysed the 33-year-old, who recorded a reading of 126...
Reported by Derby Telegraph 4 hours ago.
"MY three children and I were in one of the cars involved in the A38 crash featured on the front page of the Gazette last week," said Lydia Massiah, of Loxton. "We were travelling to work and school. "Our stationary vehicle was struck by two cars smashing into one another." Although shocked and shaken by the incident, Lydia and her children were fortunate not to be injured. She said: "I suspect the campaign for action about this terrible junction would have had a...
Reported by Cheddar Valley Gazette 4 hours ago.
IT was one of the more horrifying incidents to have occurred on Devon's road network in recent years.A drink driver, twice over the legal limit, made a U-turn, drove the wrong way on the A30 and hit another vehicle. The crash took place at around 12.25am on 21 October 2012 as Maggie Gordon, 50, and her husband Nick, 51, were travelling from the city to their home near Ottery St Mary.Maggie said: "I couldn't believe it when I saw two headlights coming towards us. Nick swerved to avoid the...
Reported by Tiverton Mid Devon Gazette 4 hours ago.
A father who was in a horrific car crash has beaten the odds after major treatment at Southmead Hospital.Gareth Kitts was driving with three passengers on July 20, from Glastonbury to Cheddar, when he lost control of his car near Back River Drove.He plunged into a river and was rescued and airlifted to Southmead Hospital in Bristol, but when Gareth arrived, his family were told to prepare for the worst - as he had a survival rate of just ten per cent.He suffered a...
Reported by Bristol Post 2 hours ago.
MEMBERS of a popular Hull tribute band were hurt after a lorry crashed into their tour bus on the M1. Two members of Badness suffered minor chest injuries while the others are said to be shaken after the crash on Friday night. It forced the band to cancel a gig in Hayes in west London last night. Last night the group posted a message on its Facebook page, which has more than 2,500 followers, about the crash. It said: "Firstly apologies to all who bought tickets for the show at Hayes WMC...
Reported by Hull Daily Mail 1 hour ago.
Tributes have been paid to Kevin O'Connell who died yesterday after being struck by a car following a disturbance in Derby. The 33-year-old died after the incident in Burton Road at 1pm yesterday. Taking to the Derby Telegraph's Facebook page, Amy Louise Keen, said: "RIP Kevin, my thoughts are with your family. I will always remember you xx" Leonie Upton said: "This is very sad." Two people have been arrested as part of an ongoing investigation police have...
Reported by Derby Telegraph 2 hours ago.
Ryan Smith has been asked to switch on the Christmas lights on November 27 in Skegness. The 17-year-old was a coma after being involved in a bicycle collision with a van. He was left with serious head injuries after he was not wearing a helmet. The blond warrier, from Chapel St Leonards, has said that he would walk by Christmas and a video has been posted on facebook of him walking across two floors. Post by The Ryan Smith Foundation. An event is also being held for...
Reported by East Lindsey Target 2 hours ago.
A WOMAN had to be cut free from her car after a crash involving three vehicles in Tunbridge Wells yesterday.Police were called to Powder Mill Lane just after 2.30pm following an incident involving a Vauxhall Astra, a Vauxhall Corsa and a Kia.The occupant of the Astra suffered back and neck pain and went to Tunbridge Wells Hospital.The passenger in the Kia, a woman in her sixties, suffered suspected serious injuries and had to be cut out of the vehicle by firecrews before being...
Reported by Kent and Sussex Courier 2 hours ago.
A MAN was taken to hospital after reportedly losing control of his car on a roundabout on Sandwich Road.Fire services were called out on Saturday morning at 9.20am near Stonar Lake.The male driver, thought to be in his twenties was taken to hospital with minor injuries.
Reported by Thanet Gazette 2 hours ago.
Four men have been taken to hospital after a pick-up truck was split in two when it smashed into a tree.The casualties were cut free from the cab of the truck near Kington, Herefordshire, after it became detached from the vehicle's chassis.Four ambulances were sent to the scene of the crash, which happened two miles outside Kington at around 4.10am today. A West Midlands Ambulance Service spokesman said: "Crews arrived to find a 4x4 pick-up truck that is believed to have left the road...
Reported by Western Daily Press 51 minutes ago.
