Economy
Fed to start tapering bond purchases this year: Bernanke
The Federal Reserve maintains its $85 billion-a-month asset purchase program, but says it could begin scaling back later this year.
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Amid the economic boom in many ASEAN countries, there is also a feeling of deja vu that current conditions resemble those on the eve of the '97 financial crisis.
A study that mimicked the behavior of 2 million potential homeowners makes plausible assumptions about how the U.S. subprime crisis got started.
The International Monetary Fund must resist pressure from its managing director and its chief economist to ease fiscal policy for countries in crisis.