Fed to hike rates half point as inflation worries mount
The Fed, fearing the booming economy may spark inflation, is expected to raise the federal funds rate by 0.5 percentage points to 6.5 percent. Since June, the rate has climbed from 4.75 to 6.0 percent, with banks likely lifting prime rates toward 9.5 percent amid signs of rising wage growth and tight labor markets.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve
Fed
Alan Greenspan
David Wyss
Standard & Poor
Dri
Federal Open Market Committee
Nals
David Jones
Aubrey G. Lanston & Co
Jones
Greenspan
U.S. envoy resumes mediation amid West Bank clashes
U S envoy Dennis Ross resumed mediation in Israeli Palestinian talks as confrontations continued in the West Bank. Israeli troops fired rubber bullets and tear gas to disperse stone throwers near Ramallah and Bethlehem while Arafat met Ross and urged progress toward negotiations.
MENTIONED IN THIS ARTICLE
Ramallah
West Bank
Yasser Arafat
U.S
Dennis Ross
Ross
Stockholm
Sweden
Mideast
Ehud Barak
Arafat
Nabil Abourdeneh
Bethlehem
Bucket truck drifts into Ellwood City officer’s car
An Ellwood City electric department bucket truck drifted into a parked police car on Crescent Avenue around 8:30 p.m. No injuries were reported. Lt. Ronald Gilchrist Sr., 53, was parked blocking traffic due to a fallen tree. Minor cruiser damage. driver James D. George, 37, blamed air brake settings.
MENTIONED IN THIS ARTICLE
Ellwood City Electric Department
Crescent Avenue
Ronald Gilchrist Sr
Electric Department
James D. George
George
Gilchrist
New Castle Man Arrested in Alleged Burglary
Richard Arthur Ward, 37, of 906 Emery St, New Castle, faces burglary harassment stalking and resisting arrest charges after police say he entered Christine Thomas’s 12 W Reynolds St residence around 12 30 a.m. She awoke to the back door opening and Ward seen leaving. he was later arrested at South Jefferson and West Reynolds and struggled with officers at the station.
MENTIONED IN THIS ARTICLE
New Castle
Richard Arthur Ward
Emery St
Christine Thomas
Couple sues organ procurement agency over heart donation
Westmoreland County couple claims their son's heart was donated without consent four years after his death. They say the heart was his soul and worry about body integrity. Bioethics experts note families sometimes set conditions on donation and cite emotional factors.
MENTIONED IN THIS ARTICLE
Pittsburgh
Maureen
Michael Pekrich
Westmoreland County
Maureen Pekich
Laura Siminoff
Case Western Reserve University School of Medicine
Cleveland
Siminoff
Arthur L. Caplan
Center For Bioethics
University of Pennsylvania
Philadelphia
Rick Rockwell brings annulment tour to Pittsburgh
In Pittsburgh Rick Rockwell of Who Wants to Marry a Multimillionaire fame performed at the Funny Bone in South Side and planned another show before continuing his tour. He appeared on WDVE FM with Jim Krenn and Randy Baumann discussing his annulled marriage to Daryn Conger from the Fox show.
MENTIONED IN THIS ARTICLE
Pittsburgh
Rick Rockwell
Funny Bone
South Side
Wdve-Fm
Jim Krenn
Randy Baumann
Rockwell
Fox
Daryn Conger
Fox Chapel High School
HBO
Maryland man waives prelim hearing in harassment case
A Maryland man, Eric C. Kirby, 34, of Annapolis, waived his preliminary hearing in a harassment and stalking case in Lawrence County. He faces charges of harassment by communications and terroristic threats, with bail set at 2500 dollars. Police report repeated harassing calls to a Hyland Mobile Home Park residence, threats to harm the mother and her husband, and plans to travel to Washington DC to obtain a weapon and harm them. A protection from abuse order was issued against him.
MENTIONED IN THIS ARTICLE
Maryland
Pulaski Township
Lawrence County
Eric C. Kirby
Annapolis
James B. Reed
Kirby
Hyland
New Iene
Marc Kirby
Washington, D.C
Also Mentioned on This Page
Federalreserve.gov
Israel
Cieleene
Mancuso
Frank
NEW Castle News
North
Mercer Street
Debbie Wachter
Morris
California
Bordonaro
Neal Street
SMALL
LARGE
Grove Street
National City
Ohio
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