Fed expected to cut rates again amid mortgage crisis
The Federal Reserve faces a spreading mortgage crisis and is seen to announce a third rate cut in 2007 with hints of more. Bernanke and colleagues meet as markets await the decision, with economists predicting a quarter-point cut to 4.25 percent and a 7.25 percent prime rate, the lowest in two years.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve
Fed
Ben Bernanke
Wall Street
Bernanke
Inmate hopes for retroactive cocaine guideline easing
Buoyed by a Supreme Court ruling, about 19,500 federal inmates and families, many Black, await the U S Sentencing Commission to make crack cocaine guideline relief retroactive. The commission meets to discuss retroactivity after two Monday decisions that softened sentences, highlighting racial disparities in crack versus powder cocaine cases. Derrick Kimbrough’s 15 year term was allowed under harsher guidance, illustrating the potential impact on Black inmates.
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Washington
Supreme Court
U.S. Sentencing Commission
Ruth Bader Ginsburg
Derrick Kimbrough
Ginsburg
Kimbrough
Poll finds more Americans see progress in Iraq
A AP Ipsos poll shows growing numbers believe the US is making progress in Iraq and could claim some success. With fewer casualties and troop withdrawals, mood brightens though most remain uneasy. Republicans show more optimism than Democrats, while Bush's overall rating edges up slightly.
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Iraq
Washinton
U.S
Associated Press
Ipsos
Daniel Laird
Yuba City
Calif
Bush
AP Ipsos
Regina Pitts
Fairview
Tenn
Congress
Baghdad
Pentagon
Mahdi Army
Muqtada al-Sadr
al-Qaida
David Petraeus
Winter storm freezes midwest to northeast crippling power grid
A wintry ice storm saturated the central U S from the southern Plains to the Northeast, leaving more than 600000 homes and businesses without power. Oklahoma declared a state of emergency as 18 deaths were blamed on icy conditions across Oklahoma and Missouri, with many fatalities on slick highways. Utilities warned it could take a week or more to restore power as flights canceled and schools closed.
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Oklahoma City
Oklahoma
Missouri
Lonnie Compton
National Weather Service
Kansas
Nebraska
Iowa
Illinois
National Guard
Kathleen Sebelius
O'Hare International
Chicago
Federal Emergency Management Agency
Army Corps of Engineers
Texas
Tulsa International
Will Rogers World Airport
Greyhound
Tulsa
Ed Bettinger
Public Service Company
Jones
Sheryl Lovelady
New York
Okemah
Okla
Gunman linked to online anti Christian rant in church killings
Authorities tie Matthew Murray to online posts that echo a Columbine killer's rhetoric. The posts, made before the Arvada and Colorado Springs attacks, criticized Christians and suggested violence. Investigators noted Murray's prior hate mail to Youth With a Mission and said revenge may have driven the shootings.
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Colorado Springs
Colo
Matthew Murray
Arvada
Kusa-Tv
Denver
Murray
Eric Harris
Columbine High School
Denver Post
Tve
Coun
Selors
KUSA
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Southern Plains
Highway Patrol
Betsey Randolph
Santa
Toop
Fleming
Garden City
Avia
Garden City Regional
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Siciqnal Akroeet
United Billiards
Kansas Plaza
Toshiba
Hannenjs
N. Main
Suite C
Sam
Bankaiwest
Bankofthewest.com
Kathy Cooksey
Kansas Ave
Coksey
Bankofthewest
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