11 26 2014
  2:58 pm  
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  • Protestors shut down streets demanding systemic change   
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  • Nearly one in three retailers in Multnomah County illegally sold tobacco to minors last summer  
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  • PHOTO: Still image from The Imitation Game.   BIG BUDGET FILMS Horrible Bosses 2 (R for pervasive profanity and crude sexuality) Jason Bateman, Jason Sudeikis and Charlie Day reunite for revenge-fueled sequel as inept entrepreneurs-turned-kidnappers who hatch a cockamamie plan to hold the son (Chris Pine) of a ruthless businessman (Christoph Waltz) for ransom. Cast includes Jennifer Aniston, Jamie Foxx, Kevin Spacey and Keegan-Michael Key. The Imitation Game (PG-13 for sexual references, mature themes and smoking) Historical biopic about Alan Turing (Benedict Cumberbatch), the British cryptologist who helped the Allies defeat the Nazis by cracking the Enigma Code, only to be prosecuted and chemically castrated following World War II for being gay. With Keira Knightley, Matthew Goode and Mark Strong.   Penguins of Madagascar (PG for mild action and rude humor) 4th installment in the animated franchise finds the peripatetic quartet of penguin protagonists (Tom McGrath, Chris Miller, Conrad Vernon and Christopher Knights) joining forces with an undercover, inter-species task force to apprehend a diabolical madman (John Malkovich) bent on world domination. Voice cast includes Benedict Cumberbatch, Dr. Ken Jeong and Peter Stormare. INDEPENDENT & FOREIGN FILMS Antarctica: A Year on Ice (PG for mild epithets and mature themes) Subzero documentary chronicling what life is like at a couple of ice stations located near the South Pole. The Babadook (Unrated) Haunted house flick, set in Adelaide, Australia, about a grieving widow (Essie Davis) who comes to substantiate her young son’s (Noah Wiseman) complaints about a monster inhabiting their home. Cast includes Daniel Henshall, Tim Purcell and Cathy Adamek. Before I Disappear (Unrated) Surrealistic saga, set in NYC, about a suicidal twenty-something (Shawn Christensen) who finds new meaning in life by babysitting his prepubescent niece (Fatima Ptacek) for his long-estranged sister (Emmy Rossum). With Ron Perlman, Paul Wesley and Richard Schiff. Escobar: Paradise Lost (Unrated) Romance thriller, set in Colombia in the summer of 1991, about a Canadian surfer dude (Josh Hutchinson) who is pressured to serve as a hit man after falling for the niece (Claudia Traisac) of drug cartel kingpin Pablo Escobar (Benicio del Toro). Support cast includes Anne Giradot, Carlos Bardem and Brady Corbet. The Immortalists (Unrated) Fountain of Youth documentary chronicling the efforts of a couple of eccentric biologists desperate to live forever. The Kingdom of Dreams and Madness (Unrated) Reverential biopic revisiting the six-decade career of legendary Japanese filmmaker, artist, animator, illustrator, producer and scriptwriter Hayao Miyazaki. (In Japanese with subtitles) Remote Area Medical (Unrated) Domestic doctors without borders documentary about the free healthcare offered uninsured Appalachians once a year at a pop-up clinic set up for three days at a NASCAR speedway in Bristol, Tennessee. The Rule (Unrated) Inspirational documentary about the overachieving students at St. Benedict’s Prep, a Catholic school in Newark, New Jersey whose mostly Latino and African-American graduates enjoy a nearly 100 percent college acceptance rate. A Small Section of the World (Unrated) Tale of female empowerment about a group of women who sparked a coffee-growing revolution in Costa Rica. Touch the Wall (Unrated) “Bound for Greatness” biopic about Missy Franklin, the Olympic swimmer who won a quartet of gold medals at the 2012 games in London. Featuring appearances by Lara Lynn Joyce, Rowdy Gaines and Michael Phelps. Women Who Flirt (Unrated) Romantic comedy, set in Shanghai, revolving around a college student (Zhou Xun) who relies on her womanly wiles to woo the classmate (Xiaoming Huang) she has a crush on when he returns from a trip to Taiwan with a new girlfriend (Sonia Sui) in tow. With Yi-Lin Hsieh. (In Cantonese with subtitles)  
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  • Violence broke out after a Grand Jury refused to indict a police officer who fatally shot an unarmed teenager -- read the court documents here  
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NEW YORK (CNNMoney) -- The Federal Reserve trimmed its forecast for economic growth in 2013, but said Wednesday that it's a bit more optimistic that the unemployment rate will decline.

The Fed expects the U.S. economy to grow between 2.3% and 2.8% this year, slightly weaker than its prior estimate.

Meanwhile, the central bank expects the unemployment rate to fall to between 7.3% to 7.5% by the end of the year. The unemployment rate was 7.7% as of February.

Overall, these minor tweaks to the forecasts don't signal any major changes for monetary policy. The central bank still plans to keep its stimulative policies in place, probably until 2015.

Federal Reserve policymakers voted 11-to-1 to keep short-term interest rates near zero, as the Fed has done since December 2008 in an effort to stimulate the economy.

The Fed reiterated that it intends to keep rates low until the unemployment rate falls to 6.5% or inflation exceeds 2.5% a year. Those are rough guidelines, not strict targets. Most Fed officials don't expect those levels to be met until 2015.

The central bank also said it will continue to buy $40 billion in mortgage-backed securities and $45 billion in Treasuries each month for the foreseeable future. The hope is that those purchases will continue to push long-term interest rates even lower.

Esther George, president of the Kansas City Fed, was the only voting member to oppose the decision, citing concerns that the Fed's policies would increase "the risks of future economic and financial imbalances."

Fed Chairman Ben Bernanke will explain the central bank's latest policies at a press conference at 2:30 a.m. Eastern.

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