Connect to share and comment

Obama's Kenyan aunt dies in Boston, law firm says

BOSTON (Reuters) - President Obama's Kenyan aunt, who was granted asylum in the United States after having lived in the country illegally for several years, has died, an employee of the law firm that represented her said on Tuesday. Zeituni Onyango, 61, died in her sleep on Monday night at a nursing and rehabilitation center in South Boston, said Gordon Landefeld, marketing manager at Margaret W. Wong and Associates, a Cleveland-based firm. Landefeld said Onyango had been ill since January.

U.S. regulators could release more bank info to public: Fed's Plosser

PHILADELPHIA (Reuters) - U.S. financial regulators should be "more proactive" in releasing some of the information they collect from banks and other firms, though some internal details should be kept under wraps, a top Federal Reserve policymaker said on Tuesday. Charles Plosser, President of the Federal Reserve Bank of Philadelphia, praised, for example, the decision for the U.S. central bank to make public the results of the bank "stress tests." (Reporting by Jonathan Spicer)

More money for nutrition programs in 340 schools across Ontario: Wynne

TORONTO - Ontario's governing Liberals plan to spend $32 million over three years to give 56,000 more students access to school nutrition programs, Premier Kathleen Wynne said Tuesday. Some children ask their teachers when they arrive at school what's going to be served, she said from a Toronto school. "They're waiting for that snack that morning, maybe their only breakfast that they get," Wynne said. "And so it's a really important program because we know that kids can't focus if they're hungry."

More money for nutrition programs in 340 schools across Ontario: Wynne

TORONTO - Ontario's governing Liberals plan to spend $32 million over three years to give 56,000 more students access to school nutrition programs, Premier Kathleen Wynne said Tuesday. Some children ask their teachers when they arrive at school what's going to be served, she said from a Toronto school. "They're waiting for that snack that morning, maybe their only breakfast that they get," Wynne said. "And so it's a really important program because we know that kids can't focus if they're hungry."

Singer-songwriter Aloe Blacc tops UK music chart

LONDON (Reuters) - U.S. singer-songwriter Aloe Blacc claimed his first solo UK number one on Sunday when his track "The Man" topped the British singles chart, the Official Charts Company said. The track by 35-year-old Blacc, whose real name is Egbert Nathaniel Dawkins III, pays homage to the chorus melody of Elton John's first UK top 10 single "Your Song".

Fed's Plosser wants interest rates at 3 percent by end-2016: CNBC

By Ann Saphir (Reuters) - The Federal Reserve should start raising short-term interest rates next year, lifting them gradually to 3 percent by the end of 2016, a top Fed policymaker known for his hawkish views said on Tuesday. Philadelphia Federal Reserve Bank President Charles Plosser also said he expects the Fed's bond-buying program to end by November, and would like to see interest rates at 2 percent by the end of next year.

Fed's Plosser wants rates at three percent by end of 2015: spokesperson

(Reuters) - Philadelphia Federal Reserve Bank President Charles Plosser believes the Fed should aim to raise short-term rates to 3 percent by the end of 2015 and 4 percent by the end of 2016, a Philadelphia Fed spokeswoman said. The spokeswoman said Plosser misspoke earlier in the day in an interview with CNBC. In the CNBC interview, Plosser said he thought a 3-percent rate by the end of 2016 would be appropriate. (Reporting by Ann Saphir; Editing by Chizu Nomiyama)

Fed's Plosser: worried about risks of exit: CNBC

(Reuters) - A top Federal Reserve official said on Tuesday that he worries about what will happen when the U.S. central bank exits its super-easy monetary policy now that it has built up a balance sheet of more than $4 trillion. "I think our balance sheet is very large," Philadelphia Federal Reserve Bank President Charles Plosser told CNBC on Tuesday. "I am worried about the exit and sort of what the unintended consequences may be."

Fed's Plosser: Yellen's 'six months' comment was no mistake: CNBC

(Reuters) - Federal Reserve Chair Janet Yellen did not make a "mistake" when she said that there may be around six months between the time the U.S. central bank ends its bond buying and starts to raise interest rates, a top Fed official said on Tuesday. That time frame was already expected in the markets, Philadelphia Federal Reserve Bank President Charles Plosser told CNBC. "It's better to get away from talking about time frames," he said.

Liberals head to Toronto for crash courses in winning next election campaign

TORONTO - A new leader, a new team and possibly a new election battle just around the corner. But with spending scandals nipping at their heels and potential voter fatigue setting in after a decade of rule, can the Liberals really hit the reset button? Absolutely, says deputy premier Deb Matthews. "We will be developing a campaign that reflects the issues that are of concern to the people, but also we'll have practical, thoughtful solutions that we'll be running on," said Matthews, one of three campaign co-chairs.
Syndicate content