OPEC cuts push gasoline prices higher worldwide
OPEC plans to reduce world oil output by 2.1 million barrels a day with nonmembers adding 388,000 barrels. Crude surged and U S gas prices rose about 8 cents in two weeks as refiners passed higher costs to consumers. Analysts forecast further gains of 2 to 3 cents per gallon per dollar rise in oil.
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Vienna
Austria
OPEC
United States
Mexico
Norway
Russia
Oman
Saudi Arabia
Iran
Venezuela
Algeria
George Gaspar
Robert W. Baird and Co
Milwaukee
U.S
Lundberg
Iraq
Fergus McLeod
BT Alex. Brown
McLeod
New York Mercantile Exchange
Gaspar
Indonesia
Kuwait
Libya
Nigeria
Qatar
United Arab Emirates
Cohen pushes new round of base closures and reuse plans
Defense Secretary William Cohen urged a second round of base closings and told a Pentagon conference communities should view shutdowns as opportunities. He said a Base Realignment and Closure Commission would decide numbers, while special reuse teams would speed up property transfers to fund modernization and troop life enhancements.
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Washington
William Cohen
Cohen
Clinton
Congress
Pentagon
U S Moves to Hit EU Ban on Hormone Beef with Tariffs
The United States targets about 900 million in European goods in a bid to pressure the EU over its ban on beef treated with growth hormones. The list includes Danish hams, French truffles, Belgian chocolates, and Roquefort cheese, with 81 products under consideration for 100 percent duties possible by June.
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Washington
United States
Europe
Clinton
U.S
Food and Drug Administration
Peter Scher
America
European Union
Denmark
Florida club bans soap to end lawsuits
In Deerfield Beach Florida the Bonaventure Town Center Club banned soap in showers to curb lawsuits. Executive director Bob Fedderwitz cites frequent litigation and insurance pressure while Century Village residents in nearby Weston already live with a soap ban.
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Florida Club
Deerfield Beach
Fla
Bonaventure Town Center
Bob Fedderwitz
Recreation Center
Weston
Fort Lauderdale
Fedderwitz
Century Village
Amadeo Trinchitella
Trinchitella
Eddie Levine
Roth cites IRS abuse and reprisals in new book The Power to Destroy
Senator William Roth and co author William Nixon argue in The Power to Destroy that whistleblowers at the IRS face reprisals despite reform. They cite ex amples of failing performance reviews and political favoritism, and urge Congress to tighten oversight and end a Mafia like omerta culture. The authors note internal surveys showing abuse and lie or mislead cases, while praising IRS Commissioner Rossetti for potential reform.
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Washington
IRS
Internal Revenue Service
William Roth
Delaware
Roth
Senate Finance Committee
Congress
Finance Committee
William Nixon
Nixon
Charles Rossetti
Steve Pyrek
Rossetti
Sen
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Organization of the Petroleum Exporting Countries
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