Greenspan hints at faster path for rate rises
Column ONE Business reports that Federal Reserve Chair Alan Greenspan suggests interest rates may be increased more quickly if economic conditions warrant. The note appears on page 5A.
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Newspaper
Southern Illinoisan
Location
Carbondale, Illinois, United States of America
Date
Jul 21, 2004
Page
1
Column ONE Business reports that Federal Reserve Chair Alan Greenspan suggests interest rates may be increased more quickly if economic conditions warrant. The note appears on page 5A.
Outside today drier heat with highs mid 90s and southwest winds 10 to 15 mph. Tonight partly cloudy with lows in the lower 70s and southwest winds around 10 mph. Thursday partly cloudy with a 20 percent chance of showers and thunderstorms, highs in the lower 90s and west winds around 10 mph. Page 8A The Southern Illinoisan.
Gov. Rod Blagojevich and General Assembly leaders announced a tentative state budget agreement on the 50th day of a record overtime session. House and Senate leaders prepared the measure for a Friday vote as talks continued with caucuses. Senate GOP Leader Frank Watson supported the deal but warned it could connect to medical malpractice issues.
Rod Blagojevich and General Assembly leaders met Tuesday night to push a new state budget. The roughly $43 billion plan carries a $2.3 billion deficit to be closed before a Friday vote by House and Senate leaders.
Glenn Poshard, appointed July 6 as interim general manager of Rend Lake Conservancy District, faces a controversial agency under FBI, IRS, and U.S. attorney investigations plus a state audit. He vows no salary, plans long-range goals and a three to five year outlook with staff input as he works through a vast required reset.
Carbondale City Council approved 6 to 1 to keep the Emma C. Hayes child care center operating beyond August 31. The decision includes forming an action forum to implement mayoral review panel recommendations and will still require about five staff layoffs. The mayor warned changes will alter staffing and program quality.
Illinois Transportation Archaeological Research Program teams digging in Union County report stolen fragments of 1 000 year old American Indian pottery. Brad Koldehoff of STARP says local thefts disrupt safety and history. The site, supported by UIUC archaeology and funded by IDOT, remains under guard.
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