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Newspaper
Southern Illinoisan
Location
Carbondale, Illinois, United States of America
Date
Mar 11, 2003
Page
1
In the entertainment column Elvis Costello, along with Clash, is announced as joining the Rock and Roll Hall of Fame. The page also lists weather forecasts for today and tonight with showers likely and gradual clearing tomorrow.
Creighton built a 14-2 early lead and defeated Southern Illinois 80-56 in the Missouri Valley Conference final. SIU missed its first 12 shots, trailing 42-16 at halftime as coach Bruce Weber lamented the team’s exhausted energy after a long run to the title game.
After falling to Creighton in the MVC tournament title game, Southern Illinois University will rely on an at large bid to reach the NCAA tournament. The Salukis, 24 6, previously earned an at large bid and advanced to the Sweet Sixteen last year as the NCAA selection show airs Sunday at 5 p.m. on CBS.
In Carbondale and nearby towns residents debate a U N Security Council resolution demanding disarmament by Iraq by March 17. While some support military action, others call for more information amid global opposition and a possible coalition of the willing. Rickety details leave many unsure amid the looming war question.
Makanda Township Board of Supervisors meets March 24 at the township hall to discuss appointing a successor to Wilburn Wib Lipe who died February 21 after a long illness. At January’s meeting the board named his daughter Sara Lipe deputy supervisor to cover meetings during his illness. See Makanda page 2A.
The Federal Reserve could trim rates at its March 18 meeting as unemployment rose to 5.8 percent in February with 308,000 jobs lost. Analysts like Louis Crandall foresee a quarter-point cut, while stock markets waver as fears over Iraq and a weak recovery persist. The funds rate sits at 1.25 percent, the lowest since 1961.
The recent job loss may prompt the Federal Reserve to reduce interest rates once more. The target rate stood at 1.25 percent after a November cut, the lowest since July 1961, with July 1954 seeing just 0.8 percent. Monthly average federal funds rate context included.
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