Bachelor Stuck With Baby Hunts Parents in Three States
CELY Nev UP report of a 2 month old premature infant left with Shelton after feeding and diapers. He awaited the parents Otis Williams Cole and family in Eureka and Reno as authorities traced the couple across three states. Shelton planned to return the child to Cortez while a three-state search continued.
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U S Raises Interest Rates Signal Tight Money Policy
Washington says a sharp rise in short term borrowing rates signals possible further tightening by the Federal Reserve Board. TheTreasury announced a 2.920 percent average rate on $1.8 billion for three months, up from 2.511 percent last week, widening the gap with the Fed's 2 percent discount rate. The move aims to discourage banks from borrowing from the Fed and reinvesting in Treasuries, hurting borrowers across the board and prompting questions about inflation risks. Rent ads and listings follow.
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