James Gandolfini

Mr Bernanke scared markets after announcing Wednesday that the Federal Reserve will take a more heavy-handed role in the US economy with an “ambitious timetable” of quantitative easing. The announcement fueled a sell-off in equities, bonds and commodities causing world-wide financial turbulence and hitting emerging markets the hardest. People are questioning his earlier optimism in the US economy, the FT reports.

♦ Ashin Wirathu, leader of a radical Buddhist group in Myanmar, has launched a campaign against the country’s Muslim minority, according to the New York Times.

Manhattan-based analysts at United Against Iran, a “privately funded advocacy group,” are trying to keep Iranian merchant ships from breaking economic and trade sanctions via satellite transmissions, navigational data and computer algorithms.

♦ The FT’s Phillip Stephens finds the election of Iranian president Mr. Rohani will likely not stop the country’s development of a nuclear weapon.

China’s central bank has refused to ease the country’s credit crunch by injecting extra cash into the market, which has led to suspicions that the government is to blame.

♦ Actor James Gandolfini died Wednesday, having achieved recognition late in life for his lively characterization of Tony Soprano in the hit television seriesRead more