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Bluefield Daily Telegraph in Bluefield, West Virginia

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Newspaper

Bluefield Daily Telegraph

Location

Bluefield, West Virginia, United States of America

Date

Jan 30, 2003

Page

8

Fed holds key rate at 41 year low amid growth hopes

The Federal Reserve kept the federal funds rate at 1.25 percent after a two day meeting, aiming to spur spending and investment as oil prices and Iraq risks weigh on activity. The decision maintains a low rate history and signals cautious optimism for future growth.

Washington Federal Reserve Fed Alan Greenspan Federal Open Market Committee Iraq Wall Street

Trail system to boost economy in southern West Virginia

Interim Director Mike Pinkerton outlined the Hatfields-McCoy Trail System plans at the Bluefield Rotary Club, predicting a 2000 mile connected ATV network across Mercer McDowell and Wyoming counties within five years. Funding exists but right of way delays progress with landowners a key obstacle. The system aims to diversify coalfield economies, boost tourism and hotel development, and generate substantial spending by riders.

Bluefield Mike Pinkerton West Virginia Logan Boone Mingo ATV Pinkerton Leff Moore John English Mercer County Pocahontas Land Company Wyoming McDowell Rotarians Carol McClaugherty Holiday Inn Rotary Mercer County School System Wayne Stonestreet

Wisdom Media Group trims workforce at Bluefield HQ

Wisdom Media Group, a Bluefield based 24 hour TV and radio network, reduced its staff in January via consolidation and outsourcing. CEO Cindy Sheets said lower management positions were eliminated due to insufficient work, with plans to rehire if possible as the business refocuses on sales and national and international distribution. The firm has 6 million subscribers across the United States.

Luefield Wisdom B Media Group Bluefield Cindy Sheets Sheets

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