September, 2009
Narayana Kocherlakota | National Financial News Roundup
Minneapolis Fed gets new head
After 24 years on the job, Federal Reserve Bank of Minneapolis president Gary Stern retired last month. Today it was announced that Narayana Kocherlakota will be his replacement, taking over the position immediately. He will become voting member of the Federal Open Market Committee in 2011.
Narayana Kocherlakota, 45, is an economics ...
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iPhone MMS | Free Service Finally Launches Today
Much anticipated multimedia messaging service
Image from Flikr.
After AT&T delayed the launch of the iPhone multimedia messaging service (iPhone MMS) multiple times, the new, free feature will finally be available on iPhone 3G and iPhone 3GS. If you have an iPhone 2G or iPhone 1G, the wait is not over for you. There’s no word on ...
The New Face of US Banking
The current recession has hit finance harder than any other sector. (The only one that even comes close is real estate). In the present crisis some banks have gone hat in hand to Congress for bailout money, while many others have simply vanished. CNN Money reports that 92 banks have failed in 2009 alone. ...
