Five Things to Know About the Fed Raising Interest Rates

The Federal Reserve Building on Constitution Avenue in Washington on March 27, 2009. (AP Photo/J. Scott Applewhite)
The Federal Reserve Building on Constitution Avenue in Washington on March 27, 2009. (AP Photo/J. Scott Applewhite)

Since 2008, the Federal Reserve has been giving banks virtually free money by keeping their short-term borrowing rates near zero. This week, Fed Chair Janet...

  • Senate Agriculture Committee member Sen. Kristen Gillibrand (D-N.Y.) and Sen. Joe Donnelly (D-Ind.) listen to testimony in Washington, D.C., May 13, 2014. The committee heard from witnesses about high frequency and AUTOMATED TRADING in the futures markets. (Chip Somodevilla/Getty Images)

    Flash Crash Jitters: What to Know About High-Speed Trading Before the Next Market Disaster Strikes

    Ask people on the street what mental image they associate with the words “stock exchange,” and you’ll likely hear about a large imposing building in... Read more

  • Cambodia's Prime Minister Hun Sen attends the formal session of the ASEAN-Republic of Korea Commemorative Summit in Busan on Dec. 12, 2014. (Ahn Young-joon/AFP/Getty Images)

    Cambodia’s Remarkable Journey

    It is now 36 years since the end of the Khmer Rouge regime that all but destroyed the Cambodian nation, decimated its most educated people,... Read more

  • A man demonstrates for net neutrality in the exclusive neighborhood of Bel-Air outside a USC Shoah Foundation fundraiser to be attended by President Barack Obama on May 7, 2014 in Los Angeles, California. (David McNew/Getty Images)

    Regulating the Web: What’s at Stake in FCC Net Neutrality Vote

    On Thursday the Federal Communications Commission is scheduled to vote on new open internet access regulations, often referred to as net neutrality rules. The nitty... Read more

  • Launch of New Horizons, the mission to Pluto, atop the mighty Atlas V rocket from Cape Canaveral Air Force Station, Fla., on Jan. 19, 2006. (NASA Kennedy)

    NASA Missions May Re-elevate Pluto and Ceres to Full-On Planet Status

    Ceres is the largest object in the asteroid belt, and NASA’s Dawn spacecraft will arrive at this dwarf planet on March 6, 2015. Pluto is... Read more

  • Senior leader of India's Aam Aadmi Party (AAP) Alka Lamba (C) gestures as she arrives for a meeting in New Delhi on Feb. 10, 2015. India's Narendra Modi suffered his first major election setback since becoming prime minister last May, as anti-corruption campaigner Arvind Kejriwal won a landslide victory in Delhi Territory polls. (Sajjad Hussain/AFP/Getty Images)

    Indian Prime Minister Narendra Modi’s Wake-Up Call

    The huge success of the Aam Admi Party (AAP)—the “Common Man’s Party”—in the local New Delhi election of Feb. 10, capturing 67 of the 70... Read more

  • Sen. Bernie Sanders (I-Vt.) speaks about Social Security at the U.S. Capitol on Jan. 16, 2014. (Win McNamee/Getty Images)

    Is the Government Able and Willing to Repay Its Debt to Social Security?

    The short-term solvency of Social Security is in the hands of the federal government. Enough payroll taxes have been paid to cover full benefit payments... Read more

  • Pump jacks and wells in an oil field on the Monterey Shale formation where gas and oil are being extracted by hydraulic fracturing, or fracking, near McKittrick, Calif., on March 23, 2014. (David McNew/Getty Images)

    Earthquakes Shouldn’t Dislodge the Facts About Fracking

    The American Southwest is undergoing a spike in seismic activity. A new U.S. Geological Survey shows that a small basin on the New Mexico–Colorado border... Read more

  • Google employee Alex Gawley speaks about his company's new app Inbox by Gmail during a media preview in New York on Oct. 29, 2014. (Jewel Samad/AFP/Getty Images)

    Email Is Still a Problem That Google and Others Are Happy to Keep That Way

    Despite the rise of social networks and messaging apps, email continues to be the dominant mode of written electronic communication. Over the next few years,... Read more

  • A tank destroyed during fighting between pro-Russia and Ukrainian forces in the village of Stepanivka, eastern Ukraine, on Dec. 30, 2014. (Vasily Maximov/AFP/Getty Images)

    The Real Winner of the Ukraine Crisis Could Be China

    The crisis in Ukraine has plunged U.S.-Russian relations to their lowest point since the Cold War. Crimea is now Russian territory. Although prisoners of war... Read more

  • (AP Photo/Michael Sohn)

    Updating German Thrift for the Age of Austerity

    The latest showdown in the European Union features the election of the very first anti-austerity government in Greece, cold disillusionment among the EU’s political elite,... Read more

  • A menu displays a non-tipping policy in front of Japanese restaurant Riki in New York on May 1, 2014. A number of restaurants across the United States have decided to discourage patrons from tipping and to include the service charge in the bill. (Emmanual Dunand/AFP/Getty Images)

    Why We Should Get Rid of Tipping

    Tipping is widespread across North America. The place where the most people tip is in restaurants and bars, but the practice is increasingly common in... Read more

  • David Suzuki (David Suzuki Foundation)

    Speaking Truth Gives Youth Great Power

    When she was just 12 years old, my daughter Severn gave a speech at the 1992 U.N. Earth Summit in Rio de Janiero, Brazil. She... Read more

  • Pictured in this composite of handout photos on Jan. 8, 2015 are Said Kouachi, 34, (L) and Cherif Kouachi, 32, who were shooters in the attack at the satirical weekly Charlie Hebdo in Paris. (Direction centrale de la Police judiciaire via Getty Images)

    Alienated Muslim Youth Seek Purpose, Thrills in Joining Jihad

    Let’s imagine a scene playing out in the rotten suburbs of Paris. A man takes a troubled youth by the arm as they walk through... Read more

  • Are We Medicalizing Healthy People?

    Modern medical practice is engaged in a battle, not for hearts and minds, but for the conversion of perfectly healthy people into patients, labelled “at... Read more

  • Rethinking Long-Term Care for Seniors in Canada (Podcast)

    Most people hope to be able to age in their own home, but seniors and their families don’t always have that choice. Four health care... Read more

  • Commuters consult their Wi-Fi connected electronic devices inside a train coach in the Moscow Metro on Dec. 1, 2014. (Dmitry Serebryakov/AFP/Getty Images)

    How Russia Is Building a Psychological Firewall Against the West

    President Vladimir Putin of Russia may fear that the Internet is a CIA project, but unfortunately he is not alone. According to our recently released... Read more