Fed worries linger despite bright economic news
Unemployment sits at a 24 year low while inflation rises slowly as Greenspan and Fed colleagues prepare for rate decision. Market volatility, dollar weakness, and a UPS strike settlement loom over the economy and policy path.
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Fed
Washington
Federal Reserve
United Parcel Service
Alan Greenspan
Victim plans $55 million suit over Louima attack
Haitian immigrant Abner Louima announced plans to sue New York City and the police for 55 million dollars for an assault described by a federal prosecutor as an act of almost incomprehensible depravity. Two more officers were charged, bringing to four, as federal and city offices join in examining civil rights violations in the incident.
MENTIONED IN THIS ARTICLE
New York
Abner Louima
UPS ends 15 day strike with tentative five year deal
Washington negotiators say United Parcel Service and the Teamsters reached a five year tentative agreement ending a 15 day strike. The pact adds 10,000 full time jobs, raises full time pay by 3.10 per hour, and preserves a multiemployer pension. Approval by union committees was expected by tonight.
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Washington
United Parcel Service
Teamsters Union
David Murray
Murray
Alexis Herman
Teamsters
Ron Carey
Teamsters’ National Bargaining Committee
UPS
Carey
Lutherans and Episcopalians vow to keep ecumenical work
At the Churchwide Assembly the ELCA voted against closer ties with the Episcopal Church while approving a Lutheran Reformed pact to share clergy and Communion with Presbyterians, Reformed Church in America, and United Church of Christ. Leaders pledged continued dialogue and seek a new plan.
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Philadelphia
Episcopal Church
H. George Anderson
Evangelical Lutheran Church In America
Anderson
Discovery Returns to Earth After 12 Day Space Flight
Discovery lands at Kennedy Space Center ending a 12 day 4.7 million mile mission. Crew of six US astronauts and one Canadian tested a robot arm observed Hale-Bopp with UV telescope and released a German built satellite measuring atmospheric temperatures and ozone related gases.
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Cape Canaveral
Fla
Space Shuttle Discovery
Earth
Kennedy Space Center
Mission Control
Curtis Brown Jr
Discovery
Brown
International Space Station
Mir Space Station Computers Fail To Regain Control
Mir's crew struggled to repair the main computer and restore full control as ground teams reported no fixes yet. Officials warned it would take two to three days to fully restore the system and the oxygen generator after a prior docking issue caused the station to wobble. No danger to the three astronauts was reported.
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Moscow
Russia
Space Station
Mir
Michael Foale
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