LONDON, Feb 3- Central banking is in a state of flux as policymakers from Tokyo to Washington ditch prevailing orthodoxies to try to grab a bigger share of a slow-growing global economic pie.
As chief of police in a tiny fishing town for 11 years, Olafur Hauksson developed what he thought was a basic understanding of the criminal mind. The typical lawbreaker, he said, recalling his many encounters with small-time criminals, “clearly knows that he crossed the line” and generally sees “the difference between right and wrong.” The New York Times reports.
NEW YORK, Feb 1- Major world stockmarkets rose to their highest levels in nearly two years on Friday helped by manufacturing and employment data indicating the global economic recovery is on track.
WASHINGTON/ NEW YORK, Feb 1- Two top Federal Reserve officials painted a picture of cautious optimism on Friday for the U.S. economy in 2013, helped by stronger global growth as the central bank aggressively prints money to curb the nation's lofty rate of unemployment. But New York Federal Reserve President William Dudley and St.