You've heard of identity theft — someone using a person's credit information or a Social Security number for ill-gotten gains. Well, experts say similar crimes are also affecting businesses.
Business identity theft involves posing as a legitimate business in order to get access to credit lines or steal customers. Experts believe that the practice has become more prevalent in the past two years.
The year the Quidi Vidi Brewing Co. started brewing beer with iceberg water, a giant iceberg floated up against the cliffs around St. John's, Newfoundland.
"It was a big berg and it jammed right across the harbor here," says Charlie Rees, the brewery's tour guide.
Rees says Newfoundlanders have a curious relationship with icebergs. On the one hand, they're a fact of life. On the other, when that iceberg was in the harbor's mouth, hundreds of people came down to gawk. He took pictures.
The goal of the Federal Reserve's low interest rate policy is to juice the economic recovery. The low rates should make it easier for people to borrow money, which they'll hopefully spend; the increased demand for goods and services is then supposed to translate into more hiring.
That's what the Fed is banking on. It hopes low interest rates will help with its mandate of achieving maximum employment, but it also has another mandate: to keep prices stable.
"In many cases, those two conflict," says economist Joe Gagnon of the Peterson Institute for International Economics.