THE NEW YORK TIMES

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For Discussion: U.S. Monetary Policy

Fed Sees Need for Low Interest Rates Through Mid-2013

In response to a slowing economy, the U.S. Federal Reserve, despite some internal dissent, announced Tuesday that it plans to keep monetary policy stimulus in place, noting that it will keep short-term interests rates exceptionally low through at least mid-2013. The Fed will also continue to reinvest bond proceeds maturing in its portfolio.
Standard & Poor's

Will S&P?s Downgrade Increase U.S. Home Mortgage, Auto Loan Interest Rates?

In a stunning development, Standard & Poor?s Friday downgraded the U.S. Government's credit rating from AAA to AA+, arguing Washington has made inadequate progress cutting the budget deficit. The U.S. Treasury disagrees with S&P?s analysis and conclusion, but interest rates on U.S. home mortgages and car loans are likely to rise.
At Issue: Arctic Oil

Obama Administration Moves to Open Arctic Drilling

In a move to expand America's domestic oil and gas exploration, the Department of the Interior began to reverse a moratorium on offshore drilling by approving Royal Dutch Shell's request to drill exploratory wells in the Arctic Ocean.
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Rate of New HIV Steady Overall, Rises for Gay Black Men

Newly released data on HIV revealed that the rate of new infections has for a decade been stuck at 50,000 a year, with the rate of new infections for young bisexual or gay men, particularly African-Americans, rising sharply.
New York City Mayor Mike Bloomberg

New York City's Bloomberg to Use Own Money to Aid Minority Youth

New York City Mayor Mike Bloomberg is not waiting for Congress to address long-standing social concerns: he's donating $30 million of his money to launch a new $127 million program to improve the lives of thousands of young black and Latino men, who are cut off from New York City's civic, educational, and economic life.

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