Greenspan signals ongoing rate hikes to curb inflation
Federal Reserve Chair Alan Greenspan indicated on Wednesday that rate increases will continue this year to keep inflation stable. He praised the economy yet warned that rising energy costs could disrupt the outlook and flagged concerns about speculative fervor in overheated housing markets. A water ban sign appears in the Chesterfield subdivision of North Aurora, Illinois, amid drought conditions.
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Alan Greenspan
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Midwest drought triggers sprinkler bans and fines
A drought across the Farm Belt prompts Midwest cities to curb irrigation. Indianapolis and St Peters urge water conservation while Chicago limits watering. North Aurora allows hand watering but fines up to 750 dollars for sprinklers. Algonquin and Waterford restrict every other day use. Brownsburg bans watering. Federal regulators also cite seven firms for illegal porn email schemes, with four settlements totaling nearly 1.2 million dollars.
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Polanski accused of vulgar advance after Tate death
New York editor Lewis Lapham testified in Polanski libel suit that a Vanity Fair anecdote about an alleged seduction at Elaine's restaurant was a lie. Polanski called the claim an abominable falsehood and recalled his wife Sharon Tate's death in 1969. He testified from Paris to avoid extradition fears.
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Roberts Nominated for Supreme Court Faces Senate Hearings
President Bush's pick John Roberts Jr. would replace Justice Sandra Day O'Connor if confirmed. Hearings are promised as Democratic and Republican leaders pledge a fair process while abortion rights groups oppose the nominee.
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Officials arrest man tied to London bombings links
Prime Minister Tony Blair floated an international conference to root out Islamic extremism and madrassas after the July 7 deaths. A Pakistani official said investigators arrested a man with direct links to the July 7 bombings that killed 56, including the four bombers. Blair met with President Musharraf and cited cross country cooperation, noting 26 countries faced al Qaida attacks.
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Memorial observance for children killed last week
International AP photo shows family and friends observing three minutes of silence at a makeshift memorial in remembrance of the children who died.
Iraq observes moment of silence for victims
Iraqis paused in the blistering sun for three minutes across Baghdad and other cities to honor death by own action attack victims. Traffic halted as people saluted the flag and bowed heads in the first memorial of the war.
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Bandar Steps Down as Saudi Ambassador to U S
Bandar bin Sultan, long a high profile Saudi envoy to the United States, announced his resignation after more than twenty years. He will be succeeded by Turki bin al Faisal, former intelligence chief and at the time ambassador to Britain.
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Man pleads guilty in South Chicago Heights bank robbery case
Randy Washington, 24, pleaded guilty to federal charges for his role in the April 2004 robbery at TCF Bank in South Chicago Heights. The group stole $81,000, and a confession call to WKSC-FM led authorities to Washington, ending their search. Arnold the crime fighting pig dies in Minneapolis at age six after saving owner Becky Moyer from an attempted burglary in 2001.
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