Indecision is certainly not the habit of Federal Reserve policy makers. Most observers do not expect the Federal Open Markets Committee, which sets monetary policy, to raise the crucial federal funds rate when they meet on Tuesday and Wednesday in Washington. "I think it's very plausible you'll see zero" change, said Dean Baker, co-founder of the Center for Economic and Policy Research.
A series of spectacular cyber attacks against banks, resulting in the theft of tens of millions of dollars, has heightened fears for an industry becoming an increasingly attractive target for hackers. Banks in Bangladesh, the Philippines, Vietnam and Ecuador have been victimized over the past year in the attacks on the global interbank service known as SWIFT, and some analysts expect more attacks to become public. Since then, officials said banks have also been hit in the Philippines and Vietnam.
FORT COLLINS, Colo. (AP) — Thomas Sutherland, who was held captive in Lebanon for more than six years until he was freed and returned home to become professor emeritus at Colorado State University, has died.