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Global economic recovery is slowing faster than expected and extra stimulus from governments may be needed, the OECD(Organization for Economic Cooperation and Development) and World Economic Forum warned on Thursday. Recent data suggest the economy of the Group of Seven nations could grow at an annualized rate of about 1.5 percent in the second half, [...]
Ben S. Bernanke, Federal Reserve Chairman on Friday said that the central bank is ready to act for the U.S. economic recovery efforts. The assurances he made at the Kansas City Fed’s symposium near Jackson Hole, Wyo., highlights not only the uncertainty of the economy, but also the futility of trusting policymakers to solve all [...]
Mobile Service Providers AT&T, Verizon, and T-Mobile are attempting to give credit card companies a run for their money with the planned introduction of new smartphone technology. This technology will allow customers to use their smartphones as payment devices by merely waving their smartphones. Should the technology be successful, credit card companies might have a [...]
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