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Newspaper
Southern Illinoisan
Location
Carbondale, Illinois, United States of America
Date
Jan 30, 2003
Page
12
Mortgage points are fees paid to lower a loan interest rate with origination and discount points. The break even for paying points depends on time in the home. Stock volume means number of shares traded today. For SWABZ 5.9 million shares have changed hands so far. Tomorrow in AT HOME www.thesouthern.com
Senior VP Peter LeBlanc notes pay secrecy stems from employer and employee collusion. A Knowledge of Pay survey of 6,286 found 41 percent know how base pay is set and 31 percent say bosses hide pay. He advises asking managers how pay is determined and what to do to earn raises. He jokes his own salary is a mystery.
The Federal Reserve left the federal funds rate at 1.25 percent after a two day meeting chaired by Alan Greenspan. The unanimous decision aims to spur spending and investment, with oil prices and geopolitical risks cited as restraints. Wall Street showed a muted reaction as the Dow fell and Nasdaq rose.
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