General News
Meropi Kyriacou Honored as TNH Educator of the Year
NEW YORK – Meropi Kyriacou, the new Principal of The Cathedral School in Manhattan, was honored as The National Herald’s Educator of the Year.
NEW YORK – The Federal Reserve continues its pause on rate hikes so far this year which is viewed favorably by the stock market, according to Nicholas Economides, Professor of Economics at New York University’s Leonard N. Stern School of Business. He shared, via email, three main points about the pause in rate hikes:
The National Herald asked Prof. Economides to expand on the three main points. He told TNH, “The Federal Reserve has been buying U.S. Government bonds since the 2008 crisis. This had the effect of keeping short term interest rates very low. In a parallel action, the Fed has been buying mortgages, thereby keeping mortgage interest rates low. Late last year, the Fed proposed to start selling bonds, which would quickly raise interest rates. Because this action was seen negatively by the stock market, the Fed retreated and postponed the unwinding of its bond portfolio.”
Prof. Economides continued, “So, presently the Fed is not increasing interest rates, but rather has adopted a ‘wait and see’ attitude, looking at the state of the U.S. economy before taking any action to increase interest rates.”
“This is seen favorably by the stock market. I expect that interest rates to stay stable in the short term,” he concluded.
Prof. Economides is an internationally recognized academic authority on network economics, electronic commerce and public policy. His fields of specialization and research include the economics of networks, especially of telecommunications, computers, and information, the economics of technical compatibility and standardization, industrial organization, the structure and organization of financial markets and payment systems, antitrust, application of public policy to network industries, strategic analysis of markets and law and economics.
Prof. Economides has published more than 100 articles in top academic journals. He holds a PhD and MA in Economics from the University of California at Berkeley, as well as a BSc (First Class Honors) in Mathematical Economics from the London School of Economics. Previously, he taught at Columbia University (1981-1988) and at Stanford University (1988-1990). His website on the Economics of Networks has been ranked as one of the top four economics sites worldwide by The Economist magazine.
Prof. Economides is Executive Director of the NET Institute, www.NETinst.org, a worldwide focal point for research on the economics of network and high technology industries.
He has advised or is advising the U.S. Federal Trade Commission, the governments of Greece, Ireland, New Zealand and Portugal, the Attorney General of New York State, major telecommunications corporations, a number of the Federal Reserve Banks, the Bank of Greece, and major Financial Exchanges. He serves on the Advisory Board of the Economist Intelligence Unit. He has commented extensively in broadcast and in print on high technology, antitrust, and public policy issues.
NEW YORK – Meropi Kyriacou, the new Principal of The Cathedral School in Manhattan, was honored as The National Herald’s Educator of the Year.
MANILA, Philippines (AP) — A Filipino villager has been nailed to a wooden cross for the 35th time to reenact Jesus Christ’s suffering in a brutal Good Friday tradition he said he would devote to pray for peace in Ukraine, Gaza and the disputed South China Sea.
ALBANY – New York State Senate Deputy Leader Michael Gianaris, Senator Andrew Gounardes, and Senator James Skoufis honored Greek Independence at the State Capitol on March 26, welcoming His Eminence Archbishop Elpidophoros, who offered an invocation before the Senate.
WASHINGTON, DC – U.S.
LOS ANGELES – The UCLA Stavros Niarchos Foundation Center for the Study of Hellenic Culture presents a captivating evening with acclaimed singer-songwriter Alkinoos Ioannidis, who will perform at UCLA’s Schoenberg Hall on Saturday, April 27, 7:30 PM, in a solo concert.
ATHENS - The "OLYMPOS - Global Spiritual Center" Association presents on Saturday, April 6, at 6:00 pm, at the "Antonis Tritsis" Amphitheatre of the Cultural Center of the Municipality of Athens, 50, Acadimias Street, the truly ingenious funding proposal for the construction of Heptapolis in the wider area of Delphi, entitled "World Green Taxation Fund".