Word: feds
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...past eight months will provide a kick-start to a gradually slowing economy, the Federal Reserve Wednesday lowered short-term interest rates one quarter point to 5.25 percent. Commercial banks quickly followed the move, dropping their prime lending rates to 8.25 percent. The White House welcomed the Fed's action, hoping that lower interest rates will encourage consumers to borrow and spend more. The cut came despite new government figures released Wednesday that show wholesale prices rose 0.5 percent for the second month in a row. The Fed said in a statement released after the cut that it believed inflationary...
Another Princeton economics professor has also been mentioned as a candidate for the post. Peter Kenen, a professor of economics and international finance, had was also rumored to be under consideration for a Fed spot in 1993. Kenen received his doctorate from Harvard...
...orphanage resembled neither the "showcase" facility that Beijing opened to foreign journalists last week nor the horror institute described by Human Rights Watch/Asia. While the orphanage needed many things--more light, a paint job, toys--the facility was heated, the nurses were attentive, and the children were well fed, overbundled and bored. Several U.S. adoption experts tell me this description matches the conditions they routinely encounter...
Prodded by large companies fed up with rising medical costs, the new medicine's entrepreneurs have turned health care into a corporate battlefield increasingly governed by the promise of stock market wealth, incentives that reward minimal care and a brand of aggressive competition alien to front-line doctors for whom dressing for success still means wearing khakis and a lab coat...
ROSS BECKER SAYS HE WAS fed up with tabloid television when he left his job as a local TV anchorman in Los Angeles last year and moved to Kentucky, where he now owns an FM radio station. But that didn't stop him from becoming a featured player in the most fervently followed tabloid story of the decade. A week before Christmas, he got a call from an acquaintance, infomercial producer Tony Hoffman, who asked whether Becker would like to conduct the first extended interview with O.J. Simpson since his acquittal on murder charges last October...