Deputy Chief Correspondent, West & Central Africa
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Jun 5, 2014

Fed officials put financial stability concerns on front burner

BOSTON/SAN FRANCISCO, June 5 (Reuters) – A pair of Federal
Reserve officials on Wednesday warned that raising U.S. interest
rates to fend off bubbles and other troubling signs of financial
market unrest could undercut the Fed’s efforts to put the U.S.
economy on a sounder footing.

But they embraced broadly different approaches to address
the possibility that, as policymakers from Fed Chair Janet
Yellen on down have said, extremely loose monetary policy may be
encouraging businesses and households to take risks that set the
financial system up for another crash.

May 21, 2014

No sign yet of missing British sailors -U.S. Coast Guard

BOSTON, May 21 (Reuters) – Planes and ships from the United
States, Canada, and Britain have turned up no fresh signs of
four British sailors missing in the Atlantic, the U.S. Coast
Guard said on Wednesday, adding search efforts would continue.

The crew members on board the yacht Cheeki Rafiki went
missing on Friday as they were returning to Britain from a
sailing event in Antigua in the Caribbean and reported that the
vessel was taking on water, forcing them to change course for
the Azores.

May 15, 2014

Ex-NFL star Hernandez charged in 2012 Boston double-murder

BOSTON (Reuters) – Former National Football League star Aaron Hernandez has been charged with murder in connection with the July 2012 shooting of two men in Boston, Suffolk County District Attorney Daniel Conley said on Thursday.

The former tight end for the New England Patriots is already in jail awaiting trial on charges he and two accomplices shot a man to death last June. The Patriots released Hernandez from the team hours after his arrest in that case.

May 13, 2014

Insight – From black to green: U.S. billionaire’s ‘Road to Damascus’

BOSTON/JAKARTA/MELBOURNE (Reuters) – Billionaire Tom Steyer has rapidly become one of America‚Äôs most visible environmental advocates, vowing to punish lawmakers who don’t oppose climate change and pledging to spend up to $100 million to put the issue centre stage in the Nov. 4 elections.

His in-your-face tactics have made him fierce enemies on the right who accuse him of hypocrisy and claim that he made much of his fortune through investments in fossil fuel energy at Farallon Capital Management, the San Francisco-based hedge fund he founded in 1986.

May 13, 2014

From black to green: U.S. billionaire’s “Road to Damascus”

BOSTON/JAKARTA/MELBOURNE, May 13 (Reuters) – Billionaire Tom
Steyer has rapidly become one of America’s most visible
environmental advocates, vowing to punish lawmakers who don’t
oppose climate change and pledging to spend up to $100 million
to put the issue center stage in the Nov. 4 elections.

His in-your-face tactics have made him fierce enemies on the
right who accuse him of hypocrisy and claim that he made much of
his fortune through investments in fossil fuel energy at
Farallon Capital Management, the San Francisco-based hedge fund
he founded in 1986.

May 9, 2014

Few funds ready to follow Stanford’s lead on fossil fuel stocks

May 9 (Reuters) – Few if any of the big U.S. pension or
college endowment funds appear ready to follow in Stanford
University’s footsteps and pull their money out of shares of
coal miners or other fossil fuel producers.

Officials from the pension systems for California’s public
employees and schoolteachers and New York public employees, the
three largest U.S. retirement funds, told Reuters they prefer to
work with their portfolio companies to improve their behavior
rather than divest them.

Apr 23, 2014

Rwandan president Kagame says he is not ready to rule out third term

BOSTON (Reuters) – Rwandan President Paul Kagame said on Tuesday it was too early to say whether he will seek a third term as head of the east African state, adding “whatever will happen, we’ll have an explanation.”

Articles in pro-government newspapers in recent years have raised the prospect of him staying on after his mandate expires in 2017, a move that would anger his critics and require a change to the constitution.

Apr 22, 2014

Rwandan president says he is not ready to rule out third term

BOSTON (Reuters) – Rwandan President Paul Kagame said on Tuesday it was too early to say whether he will seek a third term as head of the east African state, adding “whatever will happen, we’ll have an explanation.”

Articles in pro-government newspapers in recent years have raised the prospect of him staying on after his mandate expires in 2017, a move that would anger his critics and require a change to the constitution.

Apr 21, 2014

Boston Marathon men’s champ says inspired by bomb victims

BOSTON (Reuters) – American runner Meb Keflezighi said memories of the victims of last year’s bomb attack carried him through the last, difficult miles of this year’s Boston Marathon.

The Californian shocked observers on Monday by becoming the first American man since 1983 to win the world-renowned race, over a field of younger East African favorites.

Apr 16, 2014

Fed should beef up low-rate vows, two officials say

FARGO, North Dakota/BANGOR, Maine (Reuters) – The U.S. Federal Reserve ought not to raise interest rates until the economy is much closer to full strength, two of the Fed’s most dovish policymakers said on Tuesday.

“If you commit to keeping rates low even as the recovery is proceeding, even as we continue to recover, I think people have a sense, the Fed has the recovery’s back,” Minneapolis Federal Reserve Bank President Narayana Kocherlakota said at North Dakota State University. “And that’s the message that I think we need to do a better job of promoting.”

    • About Richard

      "Richard is based in Reuters' Dakar bureau where he has helped lead coverage of two dozen countries in West and Central Africa since September 2009. He previously ran Reuters' energy coverage in the Americas as a senior editor based in New York."
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