Greenspan under attack as Fed faces political pressure
As he enters year 16 as Fed chairman Alan Greenspan confronts mounting critique from both parties. Critics blame him for credit tightening and policy missteps that contributed to market volatility and a slow economic recovery despite near 40 year low interest rates.
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Cheney defends Halliburton role in asbestos suits
AP reports Vice President Cheney defended Halliburton's role in asbestos litigation amid SEC probe questions. He cited indemnification for most claims and outlined shifts from cost overruns to fixed price contracts. The Halliburton site portrays Cheney and leadership as committed to transparent accounting practices.
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Therapy dating service sparks ethics debate in NYC
A New York psychoanalyst plans TheraDate a matchmaking service using therapist supplied questionnaires to pair clients undergoing therapy. It would start in New York and Los Angeles with 750 singles per pool and eight dates per client but faces swift pushback from psychologists who warn therapy could be compromised by facilitating dating.
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Arab economies urged to reform for growth revival
A World Economic Forum report says Arab states suffer two decades of growth slowdown due to inward policies. It urges opening to foreign investment, privatization, regulatory relief, anti corruption measures, and modernization of education to boost diversification and productivity. The study covers 16 countries including Egypt and Morocco, noting negative productivity growth outside a few nations.
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Weirton Steel Defends Tin Mill Tariff Victory
Weirton Steel Corp and other U.S. tin mill producers won a ruling when Judge Jane Restani dismissed a foreign challenge. The decision keeps March 5 tariffs in place after a Bush administration study by the ITC. Corus Group PLC had sought removal, while domestic firms like Bethlehem Steel and US Steel faced layoffs and financial strain.
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