Bernanke warns of inflation risk rattling markets
Federal Reserve Chairman Ben Bernanke signaled further rate hikes amid rising core inflation worries, spurring a market selloff on Wall Street. Investors had hoped for a pause after 16 consecutive increases, but Bernanke cited sticky inflation as a reason for potential continued tightening. Dow fell below 11,000 as Asian and European markets tumbled in response to the outlook.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve
Ben Bernanke
Wall Street
Fed
Bernanke
Dow Jones
Tokyo
India
Ireland
Dow
Stephen Stanley
RBS
Greenwich Capital
Alan Greenspan
Greenspan
Mark Zandi
Moody’s Economy.com
Lynn Reaser
Bank of America Investment Strategies Group
Joint Economic Committee
House moves to boost fines for broadcast indecency
Washington AP report notes the House will back a Senate bill to raise FCC penalties for indecent broadcasts tenfold from 32500 to 325000 per violation. The measure, linked to the Janet Jackson incident, does not address indecency definitions or apply to cable or satellite. The NAB advocates self regulation. many stations have added delays to curb offending material.
MENTIONED IN THIS ARTICLE
Washington
House
Federal Communications Commission
Bush
Janet Jackson
FCC
L. Brent Bozell
Parents Television Council
Senate
Sam Brownback
National Association of Broadcasters
NAB
Dennis Wharton
Five shot three fatally in West Virginia home
In Amundaville near Charleston five people were shot early Tuesday inside a home. Three died: Dennis Lovejoy 47 co owner Amanda Ingram Walker 31 and Gregory Childress 46. A sixth person was injured jumping through a window. Keith R. Jeffers 20 is charged with three counts of first degree murder and two counts of malicious wounding. James Adkins 39 and Jerry Allen 33 are hospitalized but in stable condition. Dave Taylor was treated and released. Authorities continue investigations.
MENTIONED IN THIS ARTICLE
Amandaville
Charleston
Kanawha County
Mike Rutherford
Dennis Lovejoy
Amanda Ingram Walker
St. Albans
Gregory Childress
Culloden
Rutherford
Keith R. Jeffers
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John Nelson
Tunnel Vision
Rayhna Martin
Bluefield
Tara Johnson
Lotitto Park
W.va
Onte
Fountain State Wrestlin
Princeton Pact
Princeton Public Library
Freedom
Bluefield DaiLy Telegraph
Cole Harley-Dava
Cole Harley-Davidson
Cole
Harley-Davidson
Bikes & Babes Magazine
Your Magazine
Babes
Natalie Fanning
Ster
Bank of Tazewell County
the National Bank
Bank of
Tazewell County
Virginia
Richlands
Claypool Hull
Tazewell
Pearsburg © Pembroke
Radford
Dubline Pulaski
Marior
Wytheville
Galex
Blacksburg
Christiansbu
Nddank
FDIC
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