Greenspan defends Fed course during stock bubble era
In Jackson Hole Greenspan argued the Fed could not safely curb late 1990s stock prices without risking a deep recession. He noted two 3 point rate hikes in the 1980s briefly dented prices and said a sharp rise to stop a bubble would have caused retrenchment. Analysts see it as protecting his legacy amid 2001 crisis.
MENTIONED IN THIS ARTICLE
Washington
Greenspan
Jackson Hole
Wyo
Fed
Wall Street
David Jones
Aubrey G. Lanston & Co
Jones
Inter
Atheist targets Congress chaplains in lawsuit
California lawyer Michael Newdow sues Congress over taxpayer funded chaplains arguing government endorsement of religion violates constitutional separation. He seeks abolition of House and Senate chaplain positions, noting pay and role as government endorsement. Senate leaders defend chaplains while courts revisit the pledge ruling.
MENTIONED IN THIS ARTICLE
Washington
California
Congress
Michael Newdow
Newdow
House
Senate
Trent Lott
Miss
9Th US. Circuit Court of Appeals
San Francisco
God
Capitol Hill
Justice Department
9Th Circuit Court
Fire devastates historic New Orleans district buildings
A seven alarm blaze in New Orleans historic garden district damaged eight buildings and left several families homeless. The Cat Practice veterinary office and a nearby kennel were destroyed with many animals. Only three of 25 cats were rescued from the clinic. about 50 pets in the kennel were mostly saved.
MENTIONED IN THIS ARTICLE
New Orleans
Susan Suthon
American Red Cross
Katherine Williams
Elizabeth Bell
Also Mentioned on This Page
Labor Day FC
TAGUL
Joan
Pree
En O
Aleera
Petite Casuals Career Sportsane AR
Ortsane
S&s
Levi's
Union Bay Copper
Rees
Yorke
Bae
Roundtree & Yorke Knits & Wovens
Tswear
A. Ae Asua
Rele
D'S
Dillard's
Visa
Mastercard
American Express
Discover
Diners Club
Music City Mall
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