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The Chronicle Telegram in Elyria, Ohio

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This newspaper page contains 5 articles. Subscribers can read the full text of each article.

Newspaper

The Chronicle Telegram

Location

Elyria, Ohio, United States of America

Date

Jul 21, 2003

Page

6

Greenspan quiet as deficit grows

The article outlines Greenspan resisting blame as the White House forecasts a record US budget deficit. It details his Senate testimony, the 2001 tax cut debates, and calls from lawmakers for a stronger stance on deficits, amid shifting fiscal fortunes and rising spending.

Gress Fed Greenspan Jon S. Corzine Dnia Gold Don Hollines Sam Greenspan Anor Miditets Defense Homeland Security

Nissan Targets Urban Youth With Rebel Ad Campaign

Nissan North America launches a nontraditional strategy to win under-30 buyers in urban markets. A 159-event, 10-city tour centers on a customized Altima serving as a mobile studio with MC delivering live interviews and pirate radio style messages.

Nissan Motor Co L.S Gardena Calif Nissan North America Inc Quincy Jones David Salzman Jonathon Cropper Cropper Nissan Altima Dan Gorrell Strategic Vision Inc Chicago MTV Networks BMW of North America Inc TVBA/Chiat/Day

Cosmetics firms agree to $175 million giveaway settlement

Cosmetics companies plan to donate about $175 million in products to settle a price fixing suit. Estee Lauder disclosed the filing with the SEC. The class action covers cosmetics buyers from 1994 to 2003. No receipts required for free product. Plaintiffs argue department store prices show collusion.

San Francisco Securities and Exchange Commission Estee Lauder Terry Gross

Stability control lagging in American autos despite proven safety gains

Washington AP report notes electronic stability control reduces crashes in Germany and Europe but is fitted on only 6 percent of US vehicles. Suppliers launch an eight city Washington tour to push consumer demand, not mandates, urging automakers to offer the system more widely.

Washington Germany United States Europe Bosch Corp Mercedes-Benz Mercedes DaimlerChrysler AG Bill Kozyra U.S Continental Teves Inc England Todd Brown Ford National Highway Traffic Safety Administration Tim Hurd NHTSA Jeffrey Runge Runge Senate

Pension reform could ease funding for workers and firms

House action this week may advance a bill by Rob Portman and Ben Cardin to shift pension rules. It would raise tax deferred retirement options, lower employer funding for defined benefits, move from 30-year Treasuries to high quality corporate bonds for valuation, and raise IRA and 401k contribution limits while delaying RMD age to 75. The plan faces Senate hurdles amid budget deficit concerns and Enron fallout.

Washington House Rob Portman Ohio Ben Cardin D-Md Portman Cardin Congress Senate Senate Finance Committee Enron Treasury Portman and Treasury Department James Klein American Benefits Council Pension Benefit Guaranty Corp Burt Liz Varley Securities Industry Association

Also Mentioned on This Page

The Washington Post White House Federal Reserve Alan Greenspan Julia Roberts J. Shes Bush Con Man Sachs & Co Senate Budget Committee Creenspan Corzine Ernest F. Hollings D-S Greenspai Los Angeles Times General Motors Rick Wagoner United Auto Workers Ron Gettelfinger Detroit Ways and Means Bill Thomas R-Calif Thomas Pete Stark California
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