Fed keeps rates steady as markets eye next move
Washington AP report says Federal Reserve policymakers likely hold rates this meeting with a bias toward a rise later. Economist Everett Ehrlich notes the economy runs fast but prices lag. Greenspan has signaled balanced forces and no clear hint of action yet.
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ESC Co
Federal Open Market Committee
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Microsoft faces antitrust suits over Windows 98 browser
Government and state lawyers urge a quick injunction forcing Microsoft to separate its Internet Explorer from Windows 98 or include a rival Netscape browser. They argue the company uses its Windows monopoly to dominate the browser market and seek to curb anti competitive practices ahead of June 25 PC shipments.
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Microsoft
Department
Washington
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Gates
Justice Department
Microsoft Antitrust Allegations Highlight Key Claims
The federal government and 20 states allege Microsoft engaged in unfair competition. They say Microsoft pressed manufacturers to bundle Internet Explorer with Windows 95 and 98, blocked competing browsers, and forged exclusive ties with major online services and content providers to push its browser dominance. Netscape reportedly rejected a 1995 proposal to make its browser exclusive to non Windows OS.
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Microsoft
Netscape
Windows
Judge orders youths moved from center to address licensing concerns
Kansas officials ordered the relocation of several Kaw Valley children from multiple facilities after health officials cited overcrowding and maintenance issues. The court and SRS plan to use a former wing at Osawatomie State Mental Hospital for up to 37 children, with moves to be minimized if possible.
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Kansas City
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SRS
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Douglas County
Senate vote expands temporary visas for skilled workers
The Senate approved a measure to raise the annual 65,000 cap on temporary skilled worker visas to 115,000 over the next four years, adding 30,000 visas this year. The plan, backed by Sen. Spencer Abraham, faces White House opposition amid concerns it hurts U.S. workers. Kansas senators Brownback and Roberts supported the bill.
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White House
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Congress
Gore and GOP clash over Superfund cleanup funding
Vice President Al Gore blamed congressional Republicans for delaying the cleanup of 170 Superfund sites across 43 states, urging a $650 million funding boost for the next fiscal year. Republicans accused the White House of grandstanding and insisted a reform bill must come first, threatening 120 sites with stalled work if funds are not released by Oct. 1.
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Gore
White House
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Rmo
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Tom Bliley
R-Va
House Commerce Committee
Bliley
Carol Browner
Environmental Protection Agency
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