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FDIC Seeks Insurance Increase

The Federal Deposit Corporation approached Congress this afternoon about increasing the federal deposit insurance limit in hopes that the move will reassure nervous savers and help small businesses. Rep. Barney Frank of Massachusetts, said in a memo to members of the House Financial Services Committee that "Sheila Blair, chairman of the FDIC, notified me that they will be requesting authority to increase deposit insurance limits. We will provide additional details as we have them,'' according to Bloomberg.

History in the Making: Social Media Week Expands to Africa

History in the Making: Social Media Week Expands to Africa

Social Media Week Lagos made its debut on Monday. Attendees have the opportunity to sit in on panel discussions featuring well-known technology ninjas and social media aficionados, as well as expect to hear about how to use leverage social media tools for business success.

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