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Today's News
Bernanke forecasts gains from computer technology
1 day ago
Federal Reserve Chairman Ben Bernanke says pessimists forecasting that the economy will not reap sizable benefits from the computer revolution are likely to be proven wrong. Bernanke's remarks came in a commencement address at Bard College at Simon's Rock, a small liberal arts college in Great Barrington, Mass. Bernanke's son Joel graduated from the school in 2006.
Politics, bribery charges swirl around Ugandan oil
1 day ago
Even before the first drops flow, Uganda's oil sector is beset by bribery allegations against officials, tax-related cases abroad that cost the government millions in legal fees, and the alleged interference of a president whose firm control of the sector worries transparency campaigners. But some experts and analysts worry that the country got off to a false start and remains too politically unstable to avoid some of the mistakes made by other oil-rich but poor countries. Ugandan President Yoweri Museveni has the final say before any deals are signed with oil companies, saying this is to ensure the country's interests are always protected.
GOP hopes IRS scandal will snag health care law
1 day ago
Political scandals have strange ways of causing collateral damage, and Republicans are hoping the furor over federal tax enforcers singling out conservative groups will ensnare their biggest target: President Barack Obama's health care law. The Internal Revenue Service has a major role in carrying out the health care law, because financial assistance to help the uninsured afford coverage will be funneled through the tax system. At the same time, the IRS is also responsible for penalties on individuals and employers who fail to comply with the law's requirements.
Bernanke forecasts gains from computer technology
1 day ago
Federal Reserve Chairman Ben Bernanke says pessimists who are forecasting that the economy will not reap sizable benefits from the computer revolution are likely to be proven wrong. Bernanke's remarks came in a commencement address at Bard College at Simon's Rock, a small liberal arts college in Great Barrington, Mass. Bernanke's son Joel graduated from the school in 2006.
