Deflation risk resurfaces after wholesale price drop
Washington reports a new monthly fall in the Producer Price Index, with energy costs retreating and goods like cloths and trucks easing. Fed Chair Greenspan warns of corrosive deflation while markets expect a rate cut at the June 24 25 meeting to bolster the economy and avert broader price declines.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve
Labor Department
Mark Zandi
Economy.com
Fed
Alan
United States
Police hunt for answers in graves in Pennsylvania
In Wilkes-Barre Pennsylvania investigators probe a hillside grave site where pharmacist Michael Kerkowski and his girlfriend Tammy Fassett were found buried alongside the remains of at least three unknown people. The case links to Hugo Selenski who is jailed on related charges after a 1994 bank robbery.
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Via
Kerkowski
Tammy Fassett
Hugo Selenski
Kerry calls for alternative energy research and tougher fuel standards
In Cedar Rapids Iowa John Kerry outlines an energy plan to raise fuel efficiency standards and fund auto industry retooling with 1 billion dollars annually from drilling royalties. He seeks a national energy independence within 10 years and 500 000 potential jobs, framing the policy as a national security issue in a Veterans of Foreign Wars hall.
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Kerry
Cedar Rapids
Iowa
John Kerry
White House
America
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Pennsylvania
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Wilkes-Barre
Michael Kerkowski
Northeastern
Penn
Kingston Township
Selenski
Yar At
Bare
Massachuset
Aarsa Yale
Wholstery
Taurig
Mon-Satitchell
Aiken
Atlanta
the Hearing Center
Waiskey RD
Main ST
N. Main ST
Nin
Adga'n, Jenning ST
Audibel
Sherrie Stewart Hearing Center
Soar En
South Carolina
Lexington Medical Center