Greenspan sees recession ending but recovery mild
Federal Reserve Chairman Alan Greenspan told Congress signs point to the recession ending, with growth of 2.5 to 3 percent this year. He warned the rebound will be subdued as consumer spending holds up yet pace slows, and said rate cuts are unlikely to resume. He cited Enron’s collapse illustrating market fragility and the importance of trust and reputation.
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Congress Today
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Enron Corp
VeriChip implant seeks FDA approval for human use
A Florida firm, Applied Digital Solutions, plans to seek FDA clearance for its VeriChip a implanted ID device that could store codes and medical data. The company envisions voluntary human use with optional tracking capabilities and later hospital reader adoption amid privacy concerns and an emphasis on emergency care and patient history access.
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Lee Tien
The
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Neighbors Plea Innocent in Missing Girl Murder Case
David Westerfield, a neighbor of 7-year-old Danielle van Dam, pleaded innocent to charges of kidnapping and murder. He is held without bond as prosecutors weigh death penalty possibilities. The case also includes possession of child pornography. The missing girl was last seen Feb 1, with a wide search failing to locate her.
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David Westerfield
Danielle van Dam
Paul Pfingst
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Steven Feldman
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Mexico
District Attorney’s
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Contention over youth alcohol intake report
Washington dispute erupts after a Columbia University CASA study claims youths age 12 to 20 consume 25 percent of U S alcohol. Government data from the 1998 survey put underage drinking at 11.4 percent, highlighting methodological disagreement and demographic context from census figures.
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Washington
National Center On Addiction and Substance Abuse
Columbia University
United States
Joseph Califano Jr
U.S
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Mental Health Services Administration
CASA
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