Fed expected to cut rates for sixth time this year
Washington AP reports policymakers prepared to trim rates for a sixth time as economists debate the size of the cut. Some see stabilization in two months with tax relief aiding growth, while timing suggests refunds could lift spending in coming months.
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Washington
Federal Reserve
Bush
Fed
Federal Open Market Committee
Lynn Reaser
Banc of America Capital Management
Fox backs limited truth commission for past Mexico woes
President Fox urged a focused truth commission to probe select past abuses while avoiding a broad audit that could stall progress. He cited Chiapas 1997 as desired for investigation but warned against rehashing the 1968 student massacre. Fox graphically noted economic gains and a slower U.S. market, and outlined plans to legalize Mexican migrants in the United States with temporary permits.
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Mexico City
Vicente Fox
Mexico
Associated Press
Fox
Chiapas
Army
Institutional Revolutionary Party
PRI
Carlos Navarette
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Citizens’ Commission
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Bush
Colombia
Cuba
Venezuela
Latin America
UN Security Council
Spain
Portugal
Greece
European Union
Phil Gramm
Los Pinos
W. Dean Singleton
MediaNews Group
Donald E. Newhouse
Louis D.bocccardi
UN AIDS Conference closes with plan amid wording objections
Delegates at a United Nations AIDS conference finish on a plan to fight HIV globally after Western states drop language naming groups at risk. The compromise avoids explicit terms for homosexuals and prostitutes, using broader phrases like at risk due to sexual practice and livelihood. Egyptian diplomat Amr Rashdy calls the outcome fair and acceptable.
MENTIONED IN THIS ARTICLE
United Nations
Amr Rashdy
Associated Press
Annan Nominated for Second Term as UN Chief
The U N Security Council unanimously nominated Secretary-General Kofi Annan for a second five year term, paving the way for his likely election by the General Assembly. The council met in closed session and announced the decision, with the General Assembly set to vote on Friday. Rich and poor nations supported Annan, contrasting with the 1996 U S opposition to Boutros Boutros Ghali.
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Kofi Annan
United Nations
U.N. Security Council
General Assembly
Annan
Council
Anwarul
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