Word: feds
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...Federal Reserve will manipulate currency markets - very occasionally - by buying or selling U.S. dollars, or by raising or cutting interest rates. That is part of the Federal Reserve chairman's job, as it has been since the Fed's creation some 90 years ago in response to a dire financial crisis. But the U.S. does not have an oil equivalent of Alan Greenspan, an appointed official working very closely from an established charter. Venezuela has an oil minister - he's president of OPEC right now. Maybe Clinton is jealous, because the U.S. apparently has just appointed one now, just...
...work - this time. But what of the next comparatively mild spike in oil prices, and the next, and the next? The market will require ever-larger interventions to respond, and even begin discounting them the way they will sometimes discount Greenspan's moves. And the Fed chairman is a staunch political independent, while the energy secretary is always a political dependent. The SRP, reserved for national emergencies, stands to become a political plaything of the administration, used to tweak prices and elect vice presidents, and soon all 570 million barrels will be in play. Want to heat voters' homes this...
Spurred by thousands of complaints, the state is clamping down. Next week, for the first time in 30 years, hunters will be allowed to shoot bears. The two-day target harvest is 175, and if that's not met, archers will try for kills in October. "People are fed up," says state wildlife biologist Bob Eriksen. "The bears are attacking dogs, disrupting barbeques. We handled 1,700 complaints last year--up 85% since 1995. All I do is bear control...
Thank God people finally recognize that single women can be happy women. I am fed up with relatives asking why, at 38, I have never married. I have many friends, a great job, I travel, own my own home and have the unconditional love of my dog. I also take comfort in the knowledge that at all times the toilet seat is in the down position. SUSAN RICHEY Simi Valley, Calif...
...were when the machinery of rock-starmaking was perfected. The poet-satyrs onstage and the poet-flacks of the rock press fed off one another voraciously. The artists preened; the authors postured--all to make the cover of Rolling Stone...