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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Oct 10, 2002
Page
18
An ABC News Money Magazine poll shows consumer comfort index falling to 20 for the week ended Oct 6, with 27 percent confident in the economy and 55 percent satisfied with personal finances, amid a 1,024 respondent random survey and a three point margin of error.
Princeton psychologist Daniel Kahneman and George Mason economist Vernon L. Smith share the Nobel prize in economics for behavioral economics and experimental market design. Kahneman, 68, based at Princeton, and Smith, 75, of Fairfax, Va., win $1 million each for studies on decision making and wind tunnel market tests.
About 10,500 ILWU workers return to 29 ports from San Diego to Seattle after a court injunction ends a 10 day lockout that halted cargo. Backlog looms, with two months needed to clear. Pacific Maritime Association notes backlog and logist ics hurdles.
Stocks fell with the Dow down 215.22 points to 7286.27 and the Nasdaq at 1114.11. GE slid after Morgan Stanley trimmed 2003 estimates while GM dropped on Lehman and Morgan Stanley outlook cuts. Investors cite earnings doubts and port dispute costs as pressure persists.
Midwestern farmers and Friends of the Earth urge Agriculture Secretary Ann Veneman to halt a biotech corn suspected of mold toxin. Tests are sought to see if cattle and hogs fed the corn became sterile, with FDA and USDA urged to act quickly to prevent contamination of foods like tacos and tortilla chips.
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