Fed cuts half point as further cuts loom in recession attempt
The Federal Reserve lowered the federal funds rate by a half point to 2.0 percent, the lowest since 1961, with a third such cut this year. Economists foresee another move, possible 0.5 or 0.25 points, as markets rally and consumer spending falters amid post 9/11 jitters and rising unemployment.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve
Fed
Alan Greenspan
John F. Kennedy
Wall Street
Federal
Joel Naroff
Naroff Economic Advisors
Background checks ordered after airport security breach
O Hare security lapse at United checkpoint led FAA to require background checks for eight Argenbright workers. Seven of eight had FBI checks with no disqualifying crimes, while authorities review for further disqualifications. Gurung, Nepalese national, carried knives and a stun gun past staff before bags were searched and he faced loss of access.
MENTIONED IN THIS ARTICLE
Chicago
O'Hare International
Federal Aviation Administration
Elizabeth Isham Cory
United Airlines
O'Hare
Argenbright Security Inc
O’hare
Philadelphia International
Argenbright
FBI
Gurung
United
Media mogul Bloomberg elected New York mayor
Michael Bloomberg won New York mayoral race amid nationwide voter shifts as Democrats gained governors in New Jersey and Virginia and mayors were chosen in several cities. Warner, McGreevey, and Kilpatrick also secured offices in a wave of political newcomers.
MENTIONED IN THIS ARTICLE
New York
New Jersey
Virginia
Associated Press
Michael Bloomberg
Bloomberg
Rudolph Giuliani
Mark Green
Mark Warner
Warner
Mark Earley
GOP
House of Delegates
Jim McGreevey
Bret Schindler
Jersey City
Assembly
McGreevey
Sharon Sayles Belton
Cleveland
Jane Campbell
Thomas Menino
Boston
Thomas Murphy
Pittsburgh
Cincinnati
Charlie Luken
Courtis Fuller
Luken
Fuller
Detroit
Kwame Kilpatrick
House
U.S
Gil Hill
Dennis Archer
Houston
Lee Brown
Clinton
Orlando Sanchez
Miami
Joe Carollo
Maurice Ferre
Manny Diaz
Elian Gonzalez
Anthony Santamaria
Bensonhurst
Brooklyn
Santamaria
Concorde flies again fifteen months after crash
The Air France Concorde carrying 92 passengers landed at JFK from Paris’s Charles de Gaulle marking the first post crash flight. French Transport Minister Gayssot and Air France chairman Spinetta joined the upflight amid security, with British Airways and Prime Minister Blair also involved in related moves. The jet includes Kevlar fuel-tank liners and reinforced undercarriage after the July 2000 disaster that killed 113 near Paris.
MENTIONED IN THIS ARTICLE
New York
Air France
Jean-Cyril Spinetta
Paris
Spinetta
British Airways
Tony Blair
Washington
Bush
Gonesse
Perfume Company
Jean-Paul Guerlain
Yvonne Rollim
World Trade Center
Michelin
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Nojfmamjjason
Source
Ottawa Middle School
Ash
Ottawa, Kansas
Ago
Christie Whitman
Minneapolis
R.T. Rybak
Rh St
Ottawa
Oltawantique.com
Creason - Tawab
Kim Hunziker
Robert Hiles
James Hogan
Kansas
A Farm Bureau Financial Services Insurance
Aim
Cail
Burlington, Ks
Burlington High School
Cal Smith
Music Box
Duramax
Tawney
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