2015 Event China's central bank takes action to reassure investors that it is attempting to address the nation's economic downturn, reducing interest rates and the amount of reserve funds required to be held by banks 2015 Event A pending merger between telecommunication giants Comcast and Time Warner Cable is canceled after regulators indicate that there are concerns regarding competitive and public interest issues 2015 Event The U.S. Federal Reserve has cut its 2015 inflation and economic growth predictions for the U.S. and will likely wait until at least June of this year to raise interest rates 2015 Event The Swiss National Bank has uncapped the Swiss franc against the euro, resulting in a rise in its currency value from 1.20 to 1.04 francs/euro; the bank also reduced interest rates from -.25% to -.75%, increasing costs to investors who store deposits 2014 Event Forbes Media, controlled by the Forbes family, is selling a majority interest in the business to Integrated Whale Media Investments, based in Hong Kong; the deal is expected to provide Forbes with greater international exposure 2014 Event Donald Sterling, L.A. Clippers owner, is banned for life after reports of his racist comments; a new CEO will be appointed, and other team owners are encouraged to pressure Sterling into selling; many parties have already expressed interest 2014 Event The European Central Bank announces its readiness to ensure that interest rates will remain steady or decrease as inflation rises 2013 Event Six banks are fined $2.3 billion after the European Commission determines they rigged interest rates 2013 Event For reasons of 'strategic national interest', Gambian President Yahya Jammeh announces the nation will cut its diplomatic ties with Taiwan but would remain a friend of Taiwan's people 2013 Event An $800 million lawsuit is filed by Fannie Mae against nine banks for manipulating the Libor benchmark interest rate; the banks involved include Bank of America and Citigroup 2013 Event The Reserve Bank of Australia reduces its benchmark interest rate to 2.75% from 3.00% 2012 Event The Government of Fiji takes over controlling interest in Australia's Qantas airline subsidiary Air Pacific 2011 Event The U.S. Federal Reserve declares it will keep interest rates at exceptionally low levels through mid-2013 2011 Event South Korea's Central Bank raises its benchmark interest rate by 25 basis points, to 3.25 percent 2011 Event Interest rates at the Reserve Bank of India are increased by 50 basis points to 7.25 per cent 2011 Event As the Australian dollar reaches new 29-year highs against the U.S. dollar, rising interest rates are predicted 2010 Event Iceland lowers its interest rate to 7 percent 2010 Event U.S. Treasury Secretary Tim Geithner declares his interest in allowing the set of tax cuts in the Jobs and Growth Tax Relief Reconciliation Act of 2003 to expire at the end of 2010 1971 Event New York Times reports growing interest of white youth in black gospel music 1969 Event Joe Namath agrees to sell interest in Bachelors 3, to stay in NFL 1961 Event An ailing Bill Veeck sells his interest in White Sox to Arthur Allyn 1960 Event Radio - TV executive John Fetzer buys a controlling interest of Detroit Tigers 1953 Event Baltimore Mayor D'Alesandro buys Veeck's interest in Browns for $2,475,000 1948 Event Hank Greenberg buys an interest in the Cleveland Indians 1940 Event Connie Mack acquires controlling interest in the Athletics for $42,000 1926 Birthday Earle Brown, born in Lunenburg, Massachusetts, composer, known for reviving interest in classical music with musical improvisation, creating formal and notational systems, and open forum style of muscial construction 1925 Birthday Warren G. Bennis, born in New York City, New York, scholar, author, Leadership Studies pioneer, studied group behavior at MIT, prompting interest in the then-nonexistent field of leadership, published 'Revisionist Theory of Leadership', 1961, stating that humanistic, democratic-style leaders can best manage change in the leadership environment 1802 Birthday Dorothea Dix, U.S., aroused interest in treatment of mental inmates
