Grain prices, subsidy key to ethanol
A Garnett based group East Kansas Agri Energy plans a study to build a 20 million gallon per year ethanol plant in a local industrial park. The effort seeks a new market for corn and milo, backed by a 54 cent per gallon federal subsidy set to expire in 2007, with costs tied to natural gas energy.
MENTIONED IN THIS ARTICLE
Garnett
East Kansas Agri Energy
Roger Brummel
Brummel
Kansas
Stacy Schulte
Kansas Corn Growers Association
Kansas Grain Sorghum Producers Association
U.S
Schulte
California
MTBE
Garnett Group
Brummer
David Barton
Barton
U.S. Department of Energy
Joseph DiPardo
Brazil
Department of Energy
Plains
Iowa
Nebraska
North
Prairie States
Economic slowdown hits retailers and manufacturers nationwide
The AP report documents Wards closing after a century, Xerox cutting 3200 jobs, Ford and Chrysler idling plants, and Apple and Bank of America lowering profits. The Fed cuts rates half a point amid weak retail and capital spending, while oil costs and high prices threaten any recovery. Economists warn two quarters of pain and note tax cuts. financiers see sector gains from lower rates, especially in semiconductors, wireless gear, retail, and pharma. Jerry Jasinowski sees manufacturing edging toward recession. LTV files for bankruptcy.
MENTIONED IN THIS ARTICLE
New York
Montgomery Ward
Xerox
Ford
Chrysler
Apple Computer
Bank of America
Federal Reserve
Fed
Sung Won Sohn
Wells Fargo & Co
David Orr
First Union Corp
Charlotte
N.C
Orr
Bush
Jerry Jasinowski
National Association of Manufacturers
LTV Corp
Youngstown
Ohio
Steel Company
Jasinowski
Asia welcomes Fed rate cut sparks cautious optimism
Asian investors cheer a surprise half point Fed rate cut as exports and markets rise but warn lasting gains require further cuts. Analysts note South Korea faces layoffs while Japan battles heavy debt and weak consumer demand amid a fragile regional recovery.
MENTIONED IN THIS ARTICLE
Federal Reserve
South Korea
Japan
Shigeyuki Murata
Tokyo
Asia
U.S
Kim Jung-il
U.S. Federal Reserve
Fed
Europeans See Mild Fed Impact With 50 Point Cut
Europeans welcomed the Fed half point rate cut as a potential spark for lower regional borrowing costs and a stronger euro. Analysts predict ECB and Bank of England may follow, easing inflationary pressures and aiding exporters in the UK while dollar weakness supports German and French inflation relief. Coventry firm executive Peter Edgington warns the pound remains highly competitive against the euro.
MENTIONED IN THIS ARTICLE
London
U.S
Federal Reserve Bank
European Central Bank
Bank of England
Atlantic
Fed
Alan Greenspan
Europe
Germany
France
United Kingdom
European Union
Peter Edgington
NDE Clarke Transmissions Ltd
Coventry
England
Also Mentioned on This Page
Id News
Sohn
Wells Fargo
Ettersite
Raya
Paella
Lawrence
Holiday Plaza
Clown Street
Ottawa
First Baptist Church
4Th and Hickory
Derma
United States
America
Interstate
15Th St. Jesse James Rd
S. Main St
Wal-Mart
Princeton Rd
Alltel
Motorola
Anltel
Rata Plan
Wea
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