VIDEO: The Power Behind the Throne at the Federal Reserve

The debate over whether Janet Yellen or Lawrence H. Summers will be the next Federal Reserve chairman ? or some dark horse, (Timothy F. Geithner perhaps?) ? is doubtlessly important. But few outside the arcane world of banking rules understand that on matters of financial regulation and reform, the Federal Reserve staff is just as powerful, maybe even more.

VIDEO: IMF praise for Greece despite $14bn cash gap

The International Monetary Fund said Greece had made “exceptional” progress in stabilizing its economy and remains on course to emerge from a near six-year recession in 2014, despite missing targets to ax state jobs and the threat of an 11 billion euro ($14.6 billion) gap in bailout financing.

VIDEO: Facebook nears $38 IPO price for 1st time

Facebook’s stock came within pennies of its $38 IPO price for the first time since its rocky initial public offering more than a year ago. The world’s biggest online social network has been on a roll since it reported stronger-than-expected earnings on July 24. Investors are especially upbeat about its fast-growing mobile advertising revenue.