Fed cuts rates may help consumers yet flag cautious outlook
The Fed delivered a quarter point cut in short term rates the third in seven weeks signaling caution on further cuts. The move cooled stock gains and kept long term mortgage rates near 7 percent while analysts warn growth may slow from 3.5 percent this year to about 2 percent next year.
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Georgia Baptists move to exclude gay-friendly churches
Georgia's Southern Baptists voted to exclude congregations that endorse homosexuality at the state convention meeting with 2400 representatives present. Leaders said scripture condemns practicing homosexuality while stressing love for individuals, and the measure passed with more than two thirds.
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Burglar to the stars nabbed after silver heists
Police captured Blane Nordahl a 36 year old burglar tied to a 12 state spree stealing sterling silver from celebrities including Bruce Springsteen Ivana Trump and Curt Gowdy. Prosecutors say he carried burglary tools in a red Cadillac and left no fingerprints.
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Lewinsky Tape Reveals Typical Young Sound and Reactions
The 22 hours of tapes released by the House Judiciary Committee reveal Monica Lewinsky's voice as chatty and emotional, with a nasal register when crying and a playful streak when scheming for private time with President Clinton. Expansive fragments show her moods from infatuation to anger, while Linda Tripp secretly recorded conversations and offers a contrasting monotone.
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Babe Pig in the City completes after premiere cut
Universal Studios has finalized the sequel Babe Pig in the City. The film faced delays and a world premiere was canceled last weekend but is now officially completed and ready for release.
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Babe Sequel Seen by MPAA Too Scary for Kids
A re edited version of the Babe sequel was shown to the MPAA on Monday afternoon. The MPAA rated the version as family friendly, according to the studio.
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