Month: December 2016
US could wait until next summer to raise interest rates, say economists
Surveyed experts predicted last weeks rate rise would be followed by two more next year, not three. The Federal Reserve could wait until at least next summer before raising interest rates again, according to Wall Street economists surveyed by the Financial Times. Expectations that a rate rise last week by the US central bank would […]
US Federal Reserve raises interest rates for second time since 2008 crisis
Fed chairwoman Janet Yellen announced a 0.25% increase in the benchmark rate to 0.50-0.75%, and predicted three further rates increase in 2017. The US Federal Reserve on Wednesday raised interest rates for the first time in a year, and only the second time since the 2008 financial crisis. The US central bank also predicted three […]
Patti Smith falters in Stockholm tribute to an absent Bob Dylan
Representing the Nobel laureate at the prize-giving, the US singer admitted nerves in performance at Swedish academy. A very nervous Patti Smith initially stumbled through A Hard Rains A-Gonna Fall in Stockholm on Saturday in a performance given to mark Bob Dylans Nobel prize for literature. Making the award, Horace Engdahl, a Swedish literary historian […]
Stephen King attacks Bob Dylan’s Nobel prize knockers
Guitar-playing horror legend speaks out against literary authors such as Gary Shteyngart and Irvine Welsh who have scorned the singer’s award. Stephen King has come to the defence of Bob Dylan’s Nobel prize for literature, accusing those who oppose the award of sour grapes. According to King, no other musician has had such an impact […]
First edition of Isaac Newton’s Principia set to fetch $1m at auction
Rare European copy of key mathematics text is going under hammer at Christies in New York with record guide price. A first edition of Sir Isaac Newton’s Principia Mathematica could become the most expensive print sold of the revolutionary text when it goes under the hammer with a guide price of at least $1m (790,000) […]