Greenspan remarks rock world markets at dinner
In a black tie talk to the American Enterprise Institute, Fed Chair Alan Greenspan questioned when irrational exuberance inflates asset values. Markets worldwide fell on the remarks, though the Dow later closed down 55 points as analysts weighed the potential for higher rates.
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American Enterprise Institute
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Northern Trust Co
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Environmental groups fault administration over CO2 target plan in Geneva talks
Environmental groups criticize the State Department position paper guiding next week Geneva talks on a binding framework to curb carbon dioxide emissions. They warn delaying specific targets past 2005 risks costlier reductions, as negotiations aim for a 2000s deadline and a year end agreement.
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Government OKs MCI direct TV bid
The FCC cleared MCI Communications to beam satellite TV directly into homes, approving a license for nationwide direct DBS service. The move, separate from its planned merger with British Telecom, faced objections from Echostar, Warner, and others over foreign ownership and competition concerns.
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Te Giant
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Warner Inc
Ot Oe Sc
Gusanotiig
Pee Meom Hac
DBS
British Telecom
FCC International
Don Gips
Army Navy Game Shown Worldwide To Troops At Sea
Soldiers and sailors worldwide prepare to watch the Army Navy game via satellite feeds and TV sets aboard ships like the USS Enterprise. The American Forces Information Service coordinates live telecasts to troops in the Mediterranean and other stations with cassettes and mail delivery planned for real time viewing where possible.
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Mediterranean Sea
American Forces Information Service
Bosnia
Kuwait
Philadel
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