Japan Faces Deflation as Prices Slump Across Sectors
Tokyo consumer prices fall for 21st straight month, signaling a deepening deflation. Economists warn of rising unemployment and eroding corporate profits as households cut spending and asset values shrink, with policymakers debating money supply and yen weakness as possible remedies.
MENTIONED IN THIS ARTICLE
Tokyo
Japan
Yasushi Kikuchi
Robert Alan Feldman
Morgan Stanley
Kikuchi
Teruo Umeda
McDonald's
Umeda
Yoshito Sakakibara
Goldman Sachs
Bank of Japan
United States
Yoshihisa Kitai
Shinsei Bank
Uniqlo Clothing
Masao Ariyama
Toshimune Nagai
Demand soars as pharmacists face national shortage
Don Branam and nearly 8,000 new graduates enter a market where unfilled pharmacist positions nearly doubled to 7,000 from 1998 to 2000. Across hospitals, clinics, and drugstores, salaries rise to 70 000 80 000 with signing bonuses and loan repayment.
MENTIONED IN THIS ARTICLE
Don Branam
Branam
Federal Bureau of Health Professions
Congress
Bureau
Department of Health and Human Services
Memphis
Memphis Veterans Medical Center
Jennifer Jones
Methodist Healthcare Central
Charlotte
Tenn
Jones
Marcus Dortch
Detroit Medical Center
Dortch
U.S. loses milk powder market to Ireland and New Zealand
The United States faces a powder glut as Ireland and New Zealand capture niche markets for milk powder proteins used in sports drinks and nutrition products. The Agriculture Department cut supports from 1.01 to nine cents per pound, sparking dairy lobby protests and projected $818 million in lost farm revenue next year. Rep. Stenholm and industry officials fault lack of specialty proteins in U.S. plants and ultra filtration limits.
MENTIONED IN THIS ARTICLE
Ireland
New Zealand
US. Agriculture Department
Jerry Kozak
National Milk Producers Federation
Agriculture) Department
Charlie Stenholms
Texas
House Agriculture Committee
United States
Dow Drops Over 180 Points on Weak Earnings and GE Honeywell News
Wall Street extended losses as the Dow fell about 181 points to 10,690 amid disappointing second quarter forecasts from techs like JDS Uniphase and concerns over GE Honeywell regulatory approval. S&P 500 and Nasdaq also slid, with triple witching contributing to the rout along with lingering inflation and unemployment data.
MENTIONED IN THIS ARTICLE
New York
Dow Jones
Dow
General Electric
Honeywell
JDS
Gregory Nie
First Union Securities
United Technologies
Labor Department
Commerce Department
Cisco Systems
Charles Schwab
American Express
Dollar climbs against major currencies on overvalued claim
In New York the dollar rose sharply against most major currencies after NAM President Jerry Isnowski said the U S currency is overvalued by 25 to 30 percent. The NAM outlook predicted the economy could rebound to 3 percent growth by Q4, prompting market reaction to the claim.
MENTIONED IN THIS ARTICLE
New York
National Association of Manufacturers
U.S
NAM
Jerry Jasinowski
Jasinowski
Also Mentioned on This Page
Knight Ridder
Matthew Poggi
Lehman Brothers
Masahuro Shiokawa
Junichiro Koizumi
Yasuo Fukuda
Heizo Takenaka
Dick Gourley
University of Tennessee College of Pharmacy
Scripps Howard
New York Stock Exchange
Germany
Britain
France
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