Greenspan signals rise to curb inflation risks
Greenspan told Congress that a rate hike could be needed to guard against labor shortages and wage-driven inflation, though the Fed is not ready to tighten now. He cited a sparse slowdown signal, noted Asian turmoil as a potential relief, and warned stock prices may be unsustainably high if conditions stay unusually favorable. The Dow fluctuated as Wall Street evaluated the testimony.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve
Alan Greenspan
Congress
Joint Economic Committee
Greenspan
U.S
Wall Street
Dow Jones
Central Bank
Fed
Bis
Vandalism at High School Triggers Mass Suspensions
In New Fairfield Connecticut a prank day vandalism spree at Id High School led to 71 suspensions and 22 arrests. Students staged a phony 911 call, vandalized by greasing handrails and doorknobs, removing fire extinguisher pins, and hanging explicit pictures. Twenty two seniors face burglary and criminal mischief charges. Five day suspensions block final exams but allow graduation for seniors.
MENTIONED IN THIS ARTICLE
New Fairfield
Prosecutor says new trial unneeded
Denver AP report says prosecutors argue jurors in Nichols case discussed the bombing trial outside deliberations but did not taint the verdict. They asked Judge Matsch to deny a new trial. Nichols was convicted of conspiracy and involuntary manslaughter in the 1995 Murrah Building bombing that killed 168 people.
MENTIONED IN THIS ARTICLE
Denver
Terry Nichols
Oklahoma City
U.S. District Court
Sean Connelly
U.S
Richard Matsch
Nichols
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Robert Dederick
Northern Trust Co
Chicago
Sung Won Sohn
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Karla Courville
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jAwington
Maly
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Nat'l Park
Staitways Travel Center
Visa
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Elizabeth Arden
Christie Lovejoy
Western Plaza
Western
Steve Hoy
Ie Sade
Sun
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Dale Price
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Eni Ick Inal
Sherwin-Williams
Poe
Pope Enemer
Amarillo
Solice
Hyde
Maxx
Werner
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