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Newspaper
Lawrence Journal World
Location
Lawrence, Kansas, United States of America
Date
Sep 16, 2015
Page
12
Facebook plans a new reaction option beyond the like button. Mark Zuckerberg announced during a live Q&A from Menlo Park that a dislike or sympathy style feature is being explored to convey empathy without fostering negativity.
Hewlett Packard announced that 25 000 to 30 000 workers will leave the enterprise division as part of a planned spin off. Meg Whitman will become CEO of Hewlett Packard Enterprise, a software and services company for corporate clients. The departures aim to save $2 billion annually and create a more competitive cost structure.
Subway co founder Fred DeLuca aged 67 died after leukemia diagnosis two years earlier as the chain marked its 50th anniversary. DeLuca opened a sandwich shop at 17 to fund college with medical dreams and later built one of the world’s largest restaurant networks. Retail sales rise in August 0.2 percent, easing from forecast amid market turmoil aided by lower gasoline prices and solid job growth.
Fed Chair Janet Yellen faces a two day meeting on a possible rate increase that analysts see as unlikely to derail the economy. A quarter point hike could raise borrowing costs modestly while long term loans rise slightly, aiding gradual improvement.
Analysts estimate a gradual 12 to 18 month rate rise would shave about 0.15 percentage points from next year’s growth and raise unemployment marginally, with a three year window of slower expansion. Some warn faster hikes could spook markets and depress demand, while others see possible stimulus from higher rates. GDP growth slowed after the 2004–2006 hikes as context for the current policy path.
The Fed meets to debate policy amid questions on rate increases. Financial experts say loans will remain accessible and rates stay historically low even with modest bumps. Lower-income borrowers could face higher auto and credit card costs, while banks may tighten on less-qualified borrowers.
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