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WASHINGTON (Reuters) – A raft of U.S. economic data on Thursday from claims for jobless aid to factory activity and consumer prices pointed to a still tepid recovery and supported the argument for the Federal Reserve to maintain its monetary stimulus. The Fed is currently buying $ 85 billion in bonds per month and has said it would keep up purchases until the labor market outlook improves substantially, although officials are increasingly divided over the wisdom of that course. "The economy is in a holding pattern. …
Here are my Top Picks over at SnapNames for 2/20/2013! Most of these domains are in auction and will end the next 24 hours! There are about 250 domains that all have bids on them over at Snapnames.com. There are some really great domains on this list.
A producer who is Lindsay Lohan adjacent is accused of scamming an investor out of $ 110,000 — the amount the producer claimed was necessary to insure LiLo on “Liz & Dick.”Michael Braun claims in 2012 … he was approached by a Hollywood…
TED and The Huffington Post are excited to bring you TEDWeekends, a curated weekend program that introduces a powerful “idea worth spreading” every Friday, anchored in an exceptional TEDTalk. This week’s TEDTalk is accompanied by an original blog post from the featured speaker, along with new op-eds, thoughts and responses from the HuffPost community. Watch the talk above, read the blog post and tell us your thoughts below. Become part of the conversation!
Spending by foreign visitors rose 10% to $ 168.1 billion in 2012. The greatest increase came from such countries as China, Brazil and India.
The U.S. continues to be a hot destination for big-spending tourists, setting a new record of $ 168.1 billion in foreign visitor spending in 2012.
FastPay recently announced that it has placed $ 100 million in credit with digital media companies.
That’s $ 100 million used to deal with the common cash flow challenge in the ad business, where it can take 60 days or more to get paid by the advertiser. That can be a problem if, for example, you need to pay the publisher in 30 days. So FastPay provides the funding to help companies deal with those issues. In the company’s words: “We finance the digital ecosystem.”
So the service can be seen as an alternative to one of the other ways that companies deal with cash-flow problems — raising venture capital. In fact, I’ve spoken to two startups who talked about using FastPay instead of raising VC funding.
To fund its operations, FastPay raised $ 25 million in credit, debt and equity last summer. The company has raised more funding since then, said CEO Jed Simon, but he didn’t offer any specifics.
Simon also pointed out that none of FastPay’s customers have defaulted, so the company seems to be making the right bets. It also started working recently with two new client groups, Facebook Preferred Marketing Developers (including Compass Labs) and YouTube Channels. FastPay is already working with “half a dozen” PMDs, including Compass Labs.
As for where the company goes next, Simon said he wants to integrate with other services, so that media companies will have access to FastPay funding through partner services, rather than having to go exclusively to FastPay itself.