Bush pick for SEC chief vows to battle corporate corruption
William H. Donaldson, an investment banker with Wall Street ties, was chosen by President Bush as the new SEC chairman. He pledged vigorous enforcement of laws against corporate corruption and to restore confidence in markets amid a shaky economy and growing political scrutiny of Bush’s economic team.
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Fed holds rates steady as economy nears rebound
The Federal Reserve left its key rate at 1.25 percent and kept the prime borrowing rate at 4.25 percent, signaling a potential last cut for now. Strong productivity and low rates support a sustainable rebound, as analysts warn only a major shock could derail the gradual recovery.
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Carter Wins Nobel Peace Prize For Lifes work
Jimmy Carter accepts the Nobel Peace Prize in Oslo at 78 for diplomacy in the Middle East and human rights. He warns against bloodshed in resolving conflicts amid global fears of terrorism and a possible U S led attack on Iraq and calls for no preventative war. The award honors his Camp David peacemaking between Israel and Egypt and his health and human rights work.
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