If you are trying to buy a home, you just got good news: The Federal Reserve said Wednesday it is not going to try to drive up long-term interest rates just yet.
Stock investors are happy for you. They like cheap mortgages too because a robust housing market creates jobs. To celebrate, they bought more shares, sending the Dow Jones industrial average up 147.21 to an all-time high of 15,676.94.
On a busy avenue in Olinda, in northeastern Brazil, two men in wigs, big red noses and full clown makeup are squeaking horns and making a good-natured ruckus.
"Where's your helmet?" shouts one as a motorcyclist whizzes by. "Fasten your seat belt!" calls out the other.
Uncle Honk and Fom Fom are traffic clowns, or palhacos, hired by the city to make the roads a bit safer. They lean into traffic, making exaggerated gestures, like the sweep of the arm to mimic fastening a seat belt, and a mimed reminder to never drink and drive.
Originally published on Wed September 18, 2013 6:06 pm
The budget battles in Washington have inspired the need for some verbal gymnastics that have challenged even the most adept doublespeakers at the Pentagon. As one member of the House pointed out today, some Pentagonians have insisted that Congress cannot cut a single additional dollar from defense, without endangering the national defense strategy.