Fed Holds Rate At 41Year Low To Boost Economy
The Federal Reserve kept the federal funds rate at 1.25 percent after a two day meeting, aiming to spur spending and investment as risks like inflation and geopolitical tensions shadow the economy. The decision leaves the prime rate at 4.24 percent, and analysts expect accommodative policy to support growth despite cautious consumers and a stubborn job market. Industry shares paused as investors weighed a $674 billion Bush tax plan against Democrats' proposals.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve
Fed
Alan Greenspan
Federal Open Market Committee
Federal Funds
Kiddie race cars drive new shopping experience
The Washington Post reports supermarkets embrace kid friendly tactics to boost sales. Miniature race cars on cart fronts and in store play areas keep children entertained while parents shop, raising per-trip spending as grocers race to differentiate amid shifting demographics.
MENTIONED IN THIS ARTICLE
Kailey Dean
Mari Dean
Fairfax
America
Wegmans Food Markets Inc
Kevin Stickles
Wegmans Bethlehem
Greg Kahn
Kahn Research Group LLC
Charlotte
N.C
Kahn
Stew Leonard's
Connecticut
New York
Daphne
Giant Eagle
Kroger and Wegmans
Life Care Abbe Wood Retirement Center to expand
Elyria The Life Care Abbe Wood Retirement Center launches an eight million dollar expansion adding an assisted care wing to its 102 apart ment facility. The project will redecorate existing units, update the main entrance with a portico and automatic doors, replace wallpaper and carpet, and revamp the dining room.
MENTIONED IN THIS ARTICLE
Elyria
Abbe Wood
Roger Hornstrom
Manger
Karen Zemanek
Economists Criticize Bush Fiscal Plan and Policies
Miami report notes economists from Johns Hopkins and Euro Pacific Capital fault the Bush plan as muddled and contradictory. Critics point to U-turns after a term with shrinking payrolls, rising deficits, and weak confidence, despite low rates, a hot housing market, and tame inflation. The dollar hits multiyear lows and the Dow falls 23 percent as about two million jobs vanish.
MENTIONED IN THIS ARTICLE
Miami
Bush
Steve Hawke
Johns Hopkins
Reagan
Peter Schiff
Euro-Pacific Capital
California
U.S
America
Stocks rise on bargain hunting amid war fears in Iraq
Wall Street edged higher for a second straight day as bargain hunters bid up shares despite Bush warning of war in Iraq. The Dow rose 21.87 to 8110.71, Nasdaq up 15.88, S&P 500 up 5.82 amid mixed earnings and Fed keeping rates at 1.25 percent. Analysts say gains may fade until outcome of Iraq actions is clearer. Kraft Foods tumbled 4.91 after warning 2003 earnings hurt by higher pension costs.
MENTIONED IN THIS ARTICLE
New York
Bush
Wall Street
Kraft Foods
Federal Reserve
Fed
Dow Jones
Dow
Standard & Poor
Thomas F. Lydon Jr
Global Trends
Newport Beach
Calif
Iraq
Brian Bush
Equity Research
Stephens Inc
Unocal
Oil and Gas Company
Biotech
Biogen
Applied Materials
UBS Warburg
Dollar Dip After State of the Union and Fed Hold
The dollar slid against major peers as the State of the Union address fed hawkish bets and the Fed left rates unchanged. Bush urged actions on Iraq with UN checks, Putin signaled possible backing of US action, while traders eye upcoming talks. Diebold fell 4.87 to 35.48 after weak Q4 profits.
MENTIONED IN THIS ARTICLE
New York
Dow Jones/AP
Bush
Federal Reserve
Iraq
United Nations
Inter
Vladimir Putin
Russia
Baghdad
U.N
Tony Blair
Also Mentioned on This Page
Ing
The
Washington Post
Mariela Oliva
Chaska Hansen
Chevy Chase
Hronicle
Life Care Abbe Wood
Knight Ridder
Dollar
State of the Union
Sion
Diebold
New York Stock Exchange
Ohio
Albestos Creek Park
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!