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Newspaper
Garden City Telegram
Location
Garden City, Kansas, United States of America
Date
Jul 01, 2004
Page
8
The forecast says improving conditions tonight as drier air arrives and skies clear. Friday brings abundant sunshine with an easterly wind at 6 to 12 mph. Western Kansas warmth returns with near 90 degree highs, followed by very warm Saturday and excellent drying conditions. National forecast.
In Pasadena NASA and ESA engineers watched as the Cassini spacecraft threaded a gap in Saturn rings and fired its brakes to settle into a near perfect orbit. The mission aims for a four year tour of Saturn and its 31 moons with first images and data expected soon.
Washington analysts say the Federal Reserve’s first rate hike in four years signals a slow ascent. The policy move lifts the federal funds rate to 1.25 percent and prompts Wells Fargo and Wachovia to raise their prime rate to 4.25 percent. Analysts still deem loans for cars and homes attractive despite higher rates.
AARP finds top 200 brand name drug prices rose 3.4 percent in early 2004, outpacing 1.2 percent inflation, offsetting Medicare discount card savings. Branded drugs like Plavix saw 7.9 percent hikes as officials push imports debate. John Rother faults manufacturers for offsetting discounts with higher prices.
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