2000 mania for investors shakes Nasdaq and tech stocks
Investors witnessed a wild 2000 as Nasdaq collapsed 39 percent for the year, ending at 2470.52 after peaking at 5048.62 in spring. The Dow and S&P also fell, while large tech names tumbled and analysts split on whether Nasdaq has bottomed. Some see a 2001 recovery, others forecast further declines to 2000 levels or below.
MENTIONED IN THIS ARTICLE
San Jose
Calif
Standard & Poor
New York Stock Exchange
Japan
Radio Corp. of America
RCA
Corvis Corp
Yahoo Corp
Apple Computer Inc
Hewlett- Packard Co
A.G. Edwards
Freeman
Anirvan Banerji
Economic Cycle Research Institute
Federal Reserve
Ed Vardens
Deutsche Bank Securities
Tech
Pepsi Co
Philip Morris Companies Inc
McManus
U.S
South Korea's 2000 CPI Rises 2.3 Percent
South Korea's consumer price index rose 2.3 percent on average in 2000, the MOFE reported, with petroleum price hikes and medical insurance fees driving portions of the gain while agricultural products and September typhoons added pressure. The core inflation rate stood at 1.8 percent, and overall prices remained generally stable as the economic recovery did not intensify inflation.
MENTIONED IN THIS ARTICLE
Seoul
South Korea
Ministry of Finance and Economy
MOFE
Dol
Inflation Trends and Outlook Amid Oil Price Shifts
The report notes that stability in Korea's economy has been tested by high oil prices while inflation remained moderate. It cites a 3.6 percent rise in the cost of living in 2000 and a 2.0 percent increase in the PPI. The MOFE forecasts CPI growth of 3.0 to 3.9 percent for 2001, with December CPI up 0.4 percent from November and 3.2 percent higher than December 1999. It explains the CPI covers 509 items.
MENTIONED IN THIS ARTICLE
For
MOFE
Summers touts debt reduction as key to long term growth
Treasury Secretary Lawrence Summers argued on Fox News Sunday that reducing the national debt is crucial to economic health and lowers long term interest rates. He said tax relief should favor spenders, while noting private economists foresee moderate growth through next year amid Bush's tax-cut plans.
MENTIONED IN THIS ARTICLE
Washington
Treasury
Lawrence Summers
Summers
Fox News
Bush
GOP
al Gore
Ford Firestone legal fallout from 5 million recall
Ford Motor Co and Firestone face ongoing legal financial and PR fallout from the August recall of tires used on Ford Explorers. Regulators link thousands of accidents and 148 deaths to tread separation. Ford blames Firestone while Firestone cites Ford inflation pressures.
MENTIONED IN THIS ARTICLE
Ford Motor Co
Firestone
Bridgestone
Ford
Also Mentioned on This Page
Thomas McManus
Banc of America Securities
Cisco Systems Inc
David Hilal
Friedman, Billings
Ramsey & Co. Inc
Hilal
Steve Hochberg
Elliott Wave
Hochberg
S. Korea
Lee Jung-jae
Park Chan Ryun
Pyongyang
North
South
Mitsubishi Mi
Texas
The
Washington Post
Food For Thought
This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!