Since October, China has kept benchmark interest rates at record lows as they inject liquidity into the markets and guide interest rates lower as they shift to a market-based monetary framework. In response to questions regarding China's currency exchange rate and record capital outflows, Zhou said there was "no basis for persistent yuan depreciation" and that the decline in foreign exchange reserves was only temporary.
On October 14 2014, after General Motors said it would stop using Flint water because it was corroding auto parts, Brader advised that Flint reconnect to the Detroit water supply. Snyder, state agencies and others have released in the aftermath of the Flint crisis. Flint - Gov. Rick Snyder on Friday acknowledged he and his staff failed to "connect the dots" on early warnings about Flint's water quality, saying the state "clearly could have done better" in the run-up to the ...
January economic data posted Friday by the Commerce Department was positive on a number of fronts: consumer spending rose at the fastest pace in eight months as incomes continue to post gains, and inflation is starting to firm up. Although financial markets have eliminated bets for a March rate hike, the combination of solid consumer spending, a strengthening labor market and steadily rising inflation suggests further monetary policy tightening can not be ruled out this year.
Rick Snyder on Wednesday outlined a plan to replace pipes leaching lead into Flint's drinking water, a three-step process that the city's mayor criticized as too slow. In April 2014, a state-appointed emergency manager switched the city's water supply from the Detroit Water Plant to the Flint River as a cost-saving measure.
Growth in the services sector moderated slightly, but still remains robust. Saying the budget deficit target of 3.9 per cent of GDP in current year will be adhered to, the next fiscal will be "challenging" given the additional resources needed.
Michael Godola, then the governor's legal counsel, responded and echoed her concerns, calling the use of Flint River as a drinking water source "downright scary", the paper said. He recommended Flint switch back to Detroit's water system "before this thing gets too far out of control". "I wish I wouldn't have accepted the answers".