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 September 21, 2011 Afternoon Update |
 TOP NEWSFed Moves on Long-Term Interest Rates to Spur GrowthBy BINYAMIN APPELBAUMThe Federal Reserve is shifting $400 billion from short- to long-term Treasury securities to push interest rates down and encourage companies to borrow and spend.
Obama, at U.N., Explains Rationale for Opposing Palestinian Statehood BidBy HELENE COOPERSeeking to defuse a major diplomatic confrontation, President Obama said the only way to achieve the goal was for the Palestinians and Israelis to resume direct negotiations. House G.O.P. Tightens Its Bond With NetanyahuBy JENNIFER STEINHAUER and STEVEN LEE MYERSThe relationship between Israel and the Republican Party has complicated President Obama's efforts to avert a confrontation over the Palestinian bid for U.N. membership. American Hikers Leave Iran After Prison ReleaseBy J. DAVID GOODMAN and ALAN COWELLTwo Americans arrested while hiking along the Iran-Iraq frontier two years ago were released Wednesday and left the country by plane, their families said in a statement. Magazine PreviewThe Surreal Ruins of Qaddafi's Never-Never LandBy ROBERT F. WORTHAmong the dead and the smoldering ruins, Libyans struggle to escape their country's twisted history. |
U.S.Opinion |
BUSINESSConstraints on Central Banks Leave Markets AdriftBy FLOYD NORRISThe I.M.F. and World Bank meet in Washington at a time when political sniping has reduced the ability of central bankers to act. Wall Street Edges Lower After Fed MeetingBy CHRISTINE HAUSERStocks declined Wednesday after the Federal Reserve said it would pressure down long-term interest rates to help bolster the economy. DealBookMoody's Cuts Ratings on Three Big BanksBy DEALBOOKThe ratings agency said Washington was more likely "to allow a large bank to fail should it become financially troubled." Google Takes the Hot Seat in WashingtonBy STEVE LOHR and CLAIRE CAIN MILLERThe company's chairman, Eric E. Schmidt, testified on Wednesday before a Senate committee on whether Google competes fairly in its various businesses. Hewlett-Packard Board Meets on Replacing C.E.O.By QUENTIN HARDYDirectors of the company were considering Meg Whitman, the former chief of eBay, to replace Léo Apotheker, sources said. |
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