Washington briefs on ABC cutting Toby Keith song for July Fourth
Sen Zell Miller gifts 11 year old cowboy boots to Peter Jennings in protest of ABC removing Toby Keith song from the Fourth of July special. National Park Service crews install miles of fencing around the National Mall with multiple security checkpoints ahead of the Fireworks display.
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Washington
ABC
Peter Jennings
Zell Miller
D-Ga
Toby Keith
National Park Service
National Mall
Baby Born in Wal Mart Aisle Sparks Local Buzz
Shenna Williams felt labor pains but shopped with her mother before heading to the hospital. Michael Jerrod Williams arrived at 6 15 am Saturday as shoppers and employees welcomed the newborn. Retha Simpson described the moment as big news. Powell named to lead Pakistan posting. formerly Ghana envoy and acting assistant secretary for African affairs, moved from Islamabad.
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Albany, Ga
Shenna Williams
Wal-Mart
Michael Jerrod Williams
Retha Simpson
Washington
Bush
Nancy Jo Powell
U.S
Pakistan
Powell
Ghana
Islamabad
Wendy Chamberlin
WorldCom on brink of bankruptcy amid alleged accounting fraud
WorldCom Inc. faces possible bankruptcy after disclosing a $3.8 billion misstatement in 2001 and 2002. SEC charges and federal action loom as WorldCom plans 17,000 layoffs to save money. CEO John Sidgmore says the board is shocked and CFO Scott Sullivan was fired.
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Jackson
Miss
WorldCom Inc
U.S
Bush
Wall Street
America
WorldCom
Securities Exchange Commission
Justice Department
SEC
Mississippi
MCI Telephone Company
Harvey Pitt
Federal District Court
New York
MCI Group
John Sidgmore
Scott Sullivan
Fed holds rates at 40-year low amid uneven recovery
The Federal Reserve keeps the federal funds rate at 1.75 percent for the fourth time this year. Officials note growth continues but demand strength is unsure and expect a gradual pickup as consumer and business activity improves without certainty. The prime rate stays at 4.75 percent, a record low since 1965.
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Washington
Federal Reserve
Alan Greenspan
Federal Funds
Fed
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