U S announces climate plan at Rio Summit
The United States unveiled a 1.4 billion fund to monitor climate change and a plan to catalog the world’s plant and animal species during the Earth Summit in Rio de Janeiro. William Reilly said the U S will move to ratify a global warming treaty while opposing a biodiversity protection treaty. More than 110 heads of state gathered as security tightened with 35 000 troops deployed and helicopters in the air.
MENTIONED IN THIS ARTICLE
Rio DE Janeiro
Brazil
United States
William Reilly
U.S
Environmental Protection Agency
Rio
Thomas S. Foley III
Othrs
Igher
Mike Synar
D-Okla
Charles Stenholm
Texas
Wholesale prices surge in May signaling weak recovery risk
Wholesale prices rose 0.4 percent in May driven by gasoline tobacco and clothing costs the largest jump in 19 months. Retail purchases barely inched up 0.2 percent as clothing and hardware declines tempered gains, while April sales were revised up to 0.4 percent. Analysts warn the inflation run may constrain a durable recovery and Fed policy. Unemployment claims held at 407 000 for the week ending May 30.
MENTIONED IN THIS ARTICLE
Washington
David Wyss
Dri-Mcgraw Hill
Labor Department
Iraq
Kuwait
Commerce Department
Federal Reserve
Fed
House kills budget amendment in heated vote
The House failed to approve a balanced budget amendment 280 to 153, short of the two thirds needed for Senate passage. President Bush backed the measure, while Ross Perot and Bill Clinton opposed it. Senate leaders signaled no immediate action this year.
MENTIONED IN THIS ARTICLE
Washington
House
Senate
George Mitchell
Maine
Bush
Ross Perot
Bill Clinton
Rod Chandler
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