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Newspaper
Ottawa Herald
Location
Ottawa, Kansas, United States of America
Date
Aug 28, 2003
Page
5
The economy shows signs of rebound with the Fed keeping the federal funds rate at a 45 year low of 1 percent. Analysts expect growth around 3.5 percent or higher in the second half, aided by tax cuts and strong defense spending, while job growth remains slow and layoffs persist.
The Palestinian Monetary Authority froze nine charity accounts in Gaza amid suspicions they funnel Hamas funds. Banks refused withdrawals as authorities probe front organizations while Israel backs action to curb militant financing. President Bush also froze funds for Hamas figures and European charities.
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