IMF to FED: Delay Interest Rate Increase

http://www.youtube.com/watch?v=PxOILDkU-8Q The Federal Reserve should delay raising interest rates until the first half of 2016, the International Monetary Fund said as it cut its U.S. growth forecast for the second time this year. The lender also said that the dollar was “moderately overvalued” and a further marked appreciation would be “harmful,” in a statement released in Washington on Thursday on its annual checkup of the U.S. economy. “We still believe that the underpinnings for ...
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China: No More Soft Stance in S. China Sea

The way China looks at the disputes roiling the South China Sea, its forbearance has gone on far too long. Smaller countries that ring the sea, including Vietnam, the Philippines and Malaysia have tested Beijing’s patience by striking claims to multiple islets, building structures on them and prospecting for energy in the surrounding waters. Indeed, these actions preceded any by China. But leniency has limits. This sense of righteousness drives China’s massive island-building project in th...
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U.S. Official: China Behind Huge Cyber Attack

http://www.youtube.com/watch?v=komkZDlXvr8 Four million current and former federal employees may have had their personal information hacked, the Office of Personnel Management said on Thursday. The agency, which is conducts background checks, warned it was urging potential victims to monitor their financial statements and obtain new credit reports. U.S. officials believe this could be the biggest breach ever of the government's computer networks. The breach is beyond the Office of Pers...
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