Word: feds
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Americans are pretty much fed up with being carped at about their waistlines. There are only so many lectures an increasingly plump public wants to hear about hypertension, heart disease and other consequences of obesity before simply tuning it all out and popping another Pringle's. Now, however, there's one more reason to listen to the seeming scolds: the danger of diabetes. According to a report published last week in the journal Diabetes Care, as a fat and happy U.S. gets fatter still, the incidence of diabetes is rising too, striking more and more people in younger and younger...
...what does all this mean for you? With the presidential race in full swing, the Fed isn't likely to make a move on rates for the rest of the year, something most investors seem to have figured out. According to a new PaineWebber survey, more than half said they do not expect an increase in the next three months. And they're betting stocks will jump more than 14% by this time next year...
...year circus, has decided to attend congressional hearings set for this week. He has promised to release all company documents showing what Ford knew and when it knew it; his counterpart at Bridgestone/Firestone, CEO Masatoshi Ono, will also be there. Both are sure to incur the wrath of politicians fed up with what they view as stonewalling. "This whole thing stinks," said Representative Billy Tauzin, the Louisiana Republican who is chairman of the House Commerce Subcommittee on Consumer Protection. "You can't tell me someone at Firestone or Ford didn't know they had serious problems with these tires long...
...fact, things are looking up. The Fed is on the sidelines. Election years are historically upbeat ones on Wall Street. Sure, the tech sector's still a minefield, but the usual safe plays, like Thursday's trio, are still reliable...
...markets in a froth already with a John D. McKinnon on the "powerful" in Gore's sights: "In casting himself as a fighter for working families, Al Gore is throwing haymakers at big business. But are they real or just a Hollywood stunt?" Hey, this is better than the Fed watch...