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Newspaper
Aiken Standard
Location
Aiken, South Carolina, United States of America
Date
Nov 02, 2005
Page
18
The Federal Reserve boosted the federal funds rate to 4 percent from 3.75 percent in the latest move to curb inflation. It marked the 12th consecutive quarter point increase since June 2004 as the economy slows to temper price pressures.
The Postal Rate Commission approved a 2 cent stamp rise. First class stamps go from 37 to 39 cents and postcards from 23 to 24 cents. The increase, requested by the Postal Service, funds a 3.1 billion escrow payment required by Congress and is slated to take effect in January. The Senate has not acted on a House bill that would alter these terms and White House reservations persist.
The rate commission proposes higher prices for first class mail and packages while trimming some increases for nonprofits and small local papers. Major items include first ounce at 39 cents and base mail at 4.05 dollars, with many other category changes. The Board of Governors will decide whether to approve or reconsider the proposals. Postage last rose in June 2002.
President Bush outlined a 7.1 billion strategy to prepare for a world wide super flu, aiming to inoculate Americans within six months of a pandemic. The plan calls for vaccine industry overhaul, stockpiles for health workers, and expanded detection efforts with a focus on Asia.
In Austin Texas Rep Tom DeLay won a courtroom victory when Judge C W Bud Duncan removed over perceived bias from Democratic donor Judge Bob Perkins. The defense argued Perkins donations created reasonable doubt of impartiality and a new judge was to preside. Perkins had declined to withdraw.
The World Stem Cell Hub in Seoul began accepting patient registrations for cloning treatments led by Hwang Woo-suk. Its site slowed for about three hours due to the surge, then returned to normal later in the morning.
A U.S. soldier was killed by an improvised explosive device in Haswah, south of Baghdad, as October deaths rose to at least 93 with seven American troops killed in three attacks. The AP count puts total U.S. casualties in the Iraq war at over 2,000 since March 2003.
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