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Federal Reserve Bank of New York CEO William Dudley believes QE3 remains a viable option to "provide greater stimulus" to the economy

The Truth Behind QE3

In the statement released with the initiation of the new program, it was obvious the Fed hoped to stimulate the economy while lowering unemployment and boosting the housing market.

Space Shuttle Endeavour Flight Path Set For California Science Center In Los Angeles

The space shuttle Endeavor officially hung up its hat Wednesday as it embarked on a new journey as a piece of United States history. Bolted to the top of a jumbo jet, NASA's youngest shuttle left the space administration behind when it departed from Kennedy Space Center en route to the California Science Center where it will be retired.

Colombia's 'Last' Drug Boss Captured In Venezuela

Daniel "Loco" Barrera, described as Colombia's "last' major drug lord, was captured in Venezuela in an operation that involved cooperation between Colombia's national police, Venezuelan anti-narcotics forces and U.S. and British intelligence agencies. Barrera was responsible for delivering more than 10 tons of cocaine per month to the Sinaloa cartel in Mexico, much of which would end up in the U.S.

Obama Spikes in Political Futures Markets As QE3 Ignites Furious Rally

All kinds of markets have been up following the announcement last Thursday of further monetary stimulus from the U.S. central bank. But the one thing that has gone up the most, according to futures markets where people put money on such things, are the chances Barack Obama will win the U.S. presidential election in November.

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