rome

Most people have heard the name of the slave-turned-gladiator Spartacus, thanks to Hollywood movies and a popular television series. But this seemingly larger-than-life character actually existed – and he was killed by a man named Marcus Licinius Crassus. Facts about Roman General Crassus reveal that he was rich, devious, maybe a little evil, and, in the …

The Federal Reserve on Thursday unveiled $2.3 trillion new loans to support the economy during the coronavirus crisis. The loan program aims to help businesses, households and state and local governments facing a cash crunch as large parts of the economy have been shut down. “Our country’s highest priority must be to address this public …

Federal Reserve Chairman Jerome Powell said Thursday the country could already be in a recession, but that it was unlike a typical downturn because the economy was so strong before the coronavirus pandemic sent the markets into a tailspin and unemployment soaring. “We may well be in a recession. But I would point to the …

The Federal Reserve announced a number of steps on Monday meant to shore up the US economy during the coronavirus crisis. The central bank said its Federal Open Market Committee will buy Treasury securities and mortgage-backed securities in “the amounts needed to support smooth market functioning” as part of a wide-ranging plan to blunt the …

Federal Reserve Chairman Jerome Powell on Capitol Hill in Washington, D.C., July 10, 2019  The Federal Reserve announced Sunday it was cutting interest rates by a full percentage point to near zero, and relaunched its bond-buyback program in an effort to battle market uncertainty in the wake of the global coronavirus pandemic. The moves mark …