We have this gem of an article today from Bloomberg:
“Pimco in Newport Beach, California, as executive vice president. The central bank “remains anchored or hinged to the core rate,” which excludes food and energy costs. is beginning to have a greater influence on monetary policy, but not yet at the Fed,” said Crescenzi, who helps manage $1.2 trillion atSo, Mr. Bernanke is purposely only considering ‘ when judging the overall inflation rate. So, the soaring prices in your energy costs to drive your car and heat your house don’t count. Also not considered are your rapidly increasing food prices. I’m sure for you and I it’s no problem to forego heat and food, right? These are apparently, discretionary items to Mr. Bernanke.
CAIRO – Egypt's vice president met with the outlawed Muslim Brotherhood and other opposition groups for the first time Sunday and offered sweeping concessions, including granting press freedom and rolling back police powers in the government's latest attempt to try to end nearly two weeks of upheaval.
But the opposition leaders held firm to a demand the government rejects: that President Hosni Mubarak step down immediately. And the source of the opposition's sudden power — the youthful protesters filling Cairo's main square — said they weren't even represented at the talks and won't negotiate until Mubarak is gone.
"None of those who attended represent us," said Khaled Abdul-Hamid, one leader of a new coalition representing at least five youth movements that organized the 13-day-old protests. "We are determined to press on until our number one demand is met" — the ouster of Mubarak.