Rate hike sends stocks plunging on Fed move
The Federal Reserve raised the federal funds rate to 3.25 percent from 3.0 percent triggering the sharpest stock market drop in over two years. The Dow fell 96.24 points to 3,871.42, reducing gains and signaling tighter liquidity as analysts warn of higher consumer borrowing costs and a cooling recovery.
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Ryan signs boost tickets for Cardinals fans cheer
Ticket sales surged after Buddy Ryan announcement as Tribune writer Buddyball scored first points Fri. Calls overloaded Cardinals circuits as fans from Avondale and Peoria bought season tickets, with Joe Rhein noting strong impact and optimism of playoffs.
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Court seizes ex judge's documents in Tempe probe
The Arizona Supreme Court sealed administrative files of former Tempe City Court Judge Stephen Mirretti and posted guards around his office after weeks of criticism of the Tempe Municipal Court. Mirretti resigned Thursday citing health reasons and will not be allowed on the premises as officials seek a replacement. The probe followed allegations reported to the Attorney General's Office about possible irregularities in the court's operations.
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Vietnam Trade Ban Eased Brings Cautious Hope
Gilbert dentist Thai Dang, a Vietnamese American, sees new opportunities as the United States lifts the trade embargo on Vietnam. He notes lingering issues such as MIAs and communist policies, but believes improved ties could help both nations. Dang left Vietnam before 1975 and arrived in the U S in 1976, later achieving substantial success back home.
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