Edmund Phelps Wins 2006 Nobel in Economics
American economist Edmund S. Phelps wins the Nobel Prize in Economic Sciences for developing the expectations augmented Phillips curve. His work linked inflation and unemployment, altering macroeconomic policy and central bank decisions globally.
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New York
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Nelson Lagoon rejects free oil from Venezuela
In Alaska’s Nelson Lagoon, tribal council administrator Justine Gunderson says the Aleut village refused Venezuelan free heating oil as charity linked to anti Bush sentiment. Residents cite national loyalty and oppose foreign interference despite economic hardship.
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Alaska Villages Gain Heating Oil Aid From Citgo
About 150 native villages in Alaska will receive roughly 5.3 million dollars in aid for heating oil to buy 100 gallons for about 12 000 households. Aleutian Pribilof Islands Association president Dimitri Philemonos calls acceptance a compromise and expresses loyalty to country.
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