Fed cuts rate sparks hopes for revival in economy
The Fed trimmed two key rates and banks followed with 6.5 percent prime lending, the lowest since 1977. Analysts say the move could lift morale, lower borrowing costs, and boost housing as mortgage rates bend toward 8.25 percent, though job fears and debt weigh on consumer demand.
MENTIONED IN THIS ARTICLE
Rob Wells
New York
Federal Reserve
Morgan Guaranty Trust Co
Citibank
San Francisco
Bank of America
Fed
International Business Machines Corp
General Motors Corp
Alan Greenspan
Congress
Mortgage Bankers Association
Richard Peach
Washington
Peach
Hospitals in Topeka launch family practice residency program
Stormont-Vail Regional Medical Center and St. Francis Hospital announce a new three year family practice residency to train four graduates annually, with a goal of at least 12 residents. The program, partly funded by the Wesley Foundation, aims to increase Kansas primary care physicians and keep graduates in state.
MENTIONED IN THIS ARTICLE
Topeka
Kan
Stormont-Vail Regional Medical Center
St. Francis Hospital and Medical Center
Kansas
Howard Chase
Stormont-Vail
Chase
University of Kansas Medical Center
KU Med Center
KBI agent wears women's underwear with ties in training
Kansas officials acknowledge a KBI trainer used women’s underwear as handkerchiefs for seven years after explaining that sexual offenders keep panties as trophies. He stopped the practice following complaints from two state workers. Attorney General Steph an and KBI Director Malson defended him, calling it a dead issue.
MENTIONED IN THIS ARTICLE
Topeka
Kan
Kansas Bureau of Investigation
Scott Teeselink
KBI
Teeselink
Department of Social and Rehabilitation Services
Topeka Capital-Journal
Associated Press
Stephan
KBS
Jim Malson
ACLU challenges Fredonia KS Christmas pageant
A Fredonia middle school Christmas pageant dating to 1943 is deemed unconstitutional by ACLU Kansas lawyer Dick Kunnenbach. He argues the religious readings and tableaux violate separation of church and state and that public funds were used to promote one faith. He plans to brief the school board on January 13.
MENTIONED IN THIS ARTICLE
Fredonia, Kan
Kansas
American Civil Liberties Union
Fredonia Middle School
U.S
Dick Kunenbach
ACLU
Kansas City
Kunnenbach
Wilson County
Kurtenbach
Kunenbach
Fredonia
Wichita
Wall Street reacts to Fed rate cut amid witching hour trading
The Dow rose 20.12 points to 2934.48 as heavy volume, tied to bold Fed rate reduction from 4.5 to 3.5 percent, sent stocks higher. Banks cut prime rates, bonds rallied with yields around 7.58 percent. Exxon, AT&T, IBM, GE, Merck, and Coca Cola led gainers as Merck and Coca Cola hit record NYSE highs.
MENTIONED IN THIS ARTICLE
NEW York
Federal Reserve
Fed
New York Stock Exchange
Exxon
American Telephone & Telegraph
International Business Machines
General Electric
Merck
Coca-Cola
Also Mentioned on This Page
Wesley Foundation of
Bob Stephan
Bo Sltton
Laza Cinema
Pve Ee
Sun
Mats
Ciman's Chamber of Commerce & I
Wall Street
Wall
Didde
Didde Office Supply & Printing CO
South Main
Ottawa
Ideala
Ottawa Herald
The
S. Cedar
Geen Au
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