Markets slip as Greenspan prepares to testify on economy
New York stocks edged lower as Fed Chair Greenspan set to face House lawmakers with questions on Social Security. He said the economy grows at a respectable pace and inflation remains a risk. Dow fell 36.57 to 10,798.31. S&P 500 off 4.42 to 1,205.92. Nasdaq down 6.56 to 2,080.87. Oil rose to 48.45, gold inched up, and the 10 year treasury yield stood at 4.19 percent. Local market quotes showed grains priced across Ottawa Overbrook and Edgerton with corn and soybeans listed at various prices.
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New York
Federal Reserve
Alan Greenspan
Fed
House Financial Services Committee
Greenspan
Senate
Standard & Poor
Treasuries
Ottawa Co-op
Overbrook
Ottawa
Edgerton
Milo
Franklin County
Usda Farm Service Agency
Lottery drawings and upcoming jackpots
Kansas Powerball results list numbers 21 25 27 41 48 with Powerball 25. Next jackpot set at 12 million dollars. Kansas Cash Sixteen? numbers 6 17 18 19 22. Super Cashball 7. Next jackpot 450 thousand dollars.
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Kansas
Obituary for Fern Marie Fabert of Ottawa
Fern Marie Fabert, 87, died February 13, 2005, at her Ottawa home. Services at 2 p.m. Saturday at Pleasant View Cemetery Agracola with Rev. Jon Boyd officiating. Born August 10, 1917, in Washington Indiana to William S. and Lavicie Ellen McCafferty. Survived by daughter Alice Steward, Ottawa. sons Charles Dallas Fabert Jr in Sun City West Arizona and Bill Fabert of Ottawa. sister Mary Pitts. five grandchildren and seven great grandchildren. Preceded in death by husband Charles Dallas Fabert Sr, sister Helen Stover, and a grandson. Visitors today 5–9 p.m. and Friday 9 a.m.–9 p.m. at Dengel & Son Mortuary. Family 7–8 p.m. Friday. Memorials to Ottawa Senior Center care of Dengel & Son Mortuary. Condolences at dengelmortuary@sbcglobal.net.
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Fern Marie Fabert
Ottawa
Pleasant View Cemetery
Agricola
Jon Boyd
She
Washington, Ind
William Sidney and
Lavicie
Ellen (Miller) McCafferty
Charles Dallas Fabert Sr
Paola
Ottawa Horticulture Society
Alice Steward
Charles Dallas Fabert Jr
Sun City West
Ariz
Bill Fabert
Mary Pitts
Helen
Stover
Dengel & Son Mortuary
S. Hickory St
Dengelmortuary
Sbcglobal
UN Chief Warns Half World Populates Cities Soon
United Nations Secretary General Kofi Annan says half the global population will live in cities within two years. He notes rising elderly numbers and the strain on social security as working-age people shrink, especially in developed nations. The report to the ECOSOC stresses rapid urban migration and aging will demand broad economic and social changes.
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United Nations
U.N
Kofi Annan
U.N. Economic and Social Council
Annan
United States
Latin America
World Urban Growth and Population Aging Report
United Nations projections show rapid urbanization with Tokyo Mexico City and New York among the largest cities. The report notes rising city living, aging populations, fertility decline, and potential global population reaching about 9 billion after 2050.
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Tokyo
Mexico City
New York-Newark
Bombay
India
Sao Paulo
Brazil
Greenspan backs private Social Security accounts with cautions
Federal Reserve Chairman Alan Greenspan supports private investment accounts within Social Security as part of Bush's overhaul but urges a slow transition due to transition costs and market impact. Bush discusses possible higher earners tax hike. current payroll tax cap remains $90,000. Transition costs projected at $754 billion over a decade. critics say trillions.
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Federal Reserve
Alan Greenspan
Bush
Fed
Greenspan
Senate Banking Committee
New Haven
Conn
Ottawa Democratic meeting guest speaker announced
Lt. Governor John Moore will address the Fr. Co Conv & Tourism Bureau in Logan on February 22 at 6 30 p.m. A potluck dinner invites attendees to bring a covered dish. Ottawa VFW hosts Sage Brush event February 19 from 8 to 11 p.m. featuring sandwiches and coffee for members and guests.
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John Moore
Fr. Co
Conv. & Tourism Bureau
Logan
Ottawa
VFW
Sage Brush
Iran warns of swift retaliation for any attack on nuclear sites
Iran warned of a fast crushing response to any assault on its nuclear facilities. Defense Minister Ali Shamkhani said the recent explosion near Deylam was caused by construction work on a dam, not an attack, while stressing Tehran would act against hostile moves.
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Tehran
Iran
Gulf
Deylam
Defense
Ali Shamkhani
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