Friday, August 22, 2014
Approaching a historic turn in U.S. monetary policy, Janet Yellen has staked her tenure as chair of the Federal Reserve on a simple principle: she'd rather fight inflation than another economic downturn. It's a commitment that will be vigorously tested in coming months as pressure builds inside the Fed, among Republicans on Capitol Hill, and perhaps even in financial markets, for the Fed to acknowledge a strengthening U.S. economy with its first interest-rate increase in more than eight years.   [READ MORE]
The New York Times said in an editorial in Thursday's newspaper that U.S. regulators' new "net neutrality" rules should classify Internet providers more like public utilities to prevent them from potentially slowing users' access to some Web content. The statement comes as the Federal Communications Commission is preparing to set the new rules, which would regulate how Internet service providers, or ISPs, manage traffic on their networks.   [READ MORE]
It was only at the end of last month that new data appeared showing that fundraising by European startups was emerging from the bad old days of 2001. Dow Jones VentureSource reported that they’d raised more than $2.8 billion from VCs in the second quarter of 2014. That data also showed the UK was the country to beat in Europe, since companies there had raised 28% of the total amount.

In early trading on Monday, shares of Intel (INTC) topped the list of the day's best performing Dow Jones Industrial Average components, trading up 1.7%. Year to date, Intel registers a 27.7% gain.   [READ MORE]
Ahead of Prime Minister Narendra Modi's first visit to Washington since his election in May, the United States urged India on Saturday to bolster its role as a global power and force for regional stability. In a speech wrapping up two days of talks, Defense Secretary Chuck Hagel also played up deepening defense industry cooperation but did not have any major new arms export deals to announce.   [READ MORE]

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