Economic optimism clashes with Wall Street woes in June
Private economists foresee solid growth in the second half as consumers benefit from low mortgage rates and auto financing. Despite a 324 point Dow rally, tech and S&P indices sank below post September 11 lows amid ongoing corporate scandals. WorldCom cuts 17 000 jobs while experts urge separating fundamentals from market mood.
MENTIONED IN THIS ARTICLE
Washington
Wall Street
Main Street
Standard & Poor
Boston race hate trial opens for Felton and Chase
In Boston a federal trial begins for Leo Felton and Erica Chase accused of conspiring to fund a plan to spark a racial holy war. Police found ammonium nitrate and materials for a hazardous device as prosecutors describe a broader extremist plot tied to anti Jewish and white supremacist aims. Chase says no target was intended and the materials were for entertainment.
MENTIONED IN THIS ARTICLE
Boston
Leo Felton
Erica Chase
Oklahoma City
Timothy McVeigh
New England
Felton
Chase
Iraqi editorial warns of possible U S attack
Babil newspaper editorial warns that if U N weapons inspectors are not allowed back in Baghdad the United States may strike Iraq within 15 days to a month. It accuses Washington of seeking to verify if weapons exist and to dismantle them, amid stalled Vienna talks and ongoing sanctions since 1990.
MENTIONED IN THIS ARTICLE
Baghdad
Iraq
Washington
U.N
Saddam Hussein
U.S
Babil
Saddam
Odai
United Nations
Vienna
Babel
United States
Jordan
Kuwait
Debbie Kersh
Congress seeks jail and tougher laws to restore trust in corporations
Washington lawmakers pressed for criminal penalties and stricter rules after Enron and WorldCom, while the White House defended SEC chief Harvey Pitt amid calls for his firing. House and Senate committees weighed indictments, new penalties, and oversight, as WorldCom prepares for hearings and prior concealment of nearly four billion dollars in expenses roils the industry.
MENTIONED IN THIS ARTICLE
Washington
Enron Corp
WorldCom Inc
White House
Harvey Pitt
Securities and Exchange Commission
Senate
Tom Daschle
Pitt
Daschle
D-S.c. White House
Ari Fleischer
Maine
SEC
House Committee
WorldCom
Bush
Wall Street
Billy Tauzin
House Energy and Commerce Committee
Enron
Global Crossing
Tauzin
R-La
NBC
House Financial Services Committee
Michael Oxley
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Bradley Woolcott
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