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Newspaper
Texas City Sun
Location
Texas City, Texas, United States of America
Date
Mar 18, 2001
Page
5
The report lists daily closes for the Dow Jones Industrial Average over a 12 month span, covering the week ending Friday March 16. It records each trading day’s close, noting fluctuations and overall trend for the period, with emphasis on key highs and lows across the sequence.
San Angelo inventor Jeff Gaston pursued a foot-activated lid lift from 1992 after casual testing inspired by pedal trash cans. He sold his idea, built a prototype in 1999, earned a 2000 patent, and faces a Catch 22 between manufacturing and marketing while hoping to cut costs and improve sanitation.
The piece notes $4 trillion vanished from investors in a year as a half point rate cut and a $1.6 trillion tax plan seem insufficient. It argues confidence won’t snap back quickly, Baby Boomers pause risk, foreign funds pull money home, and households repay mortgages to weather the downturn. It warns the economy faces a stubborn, slow rebound even with Fed and tax relief.
J C Penney sees a glimmer of life from its Internet division amid slumping sales store closings and layoffs. Plano based jcpenney com, led by Paul Pappajohn, built on a 1962 catalog system offering brand name products easy returns and in store pickup, positioning it ahead of many web only retailers.
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