Word: tinkerers
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...Considerably distilled, last Wednesday's testimony before the House Committee on Financial Services consisted of three main nuggets meant to move the markets - three messages he may or may not tinker with when he does it all over again for the Senate Banking Committee on Tuesday...
...corporate earnings that have left investors professing complete ignorance as when, exactly, things will pick up again. Long-term rates, however, took a dutiful dive after the Fed head's remarks and have mostly stayed there amid the stream of bad news from the equities side. Will he tinker with the message this time around? The overall sense he gave the House - things are pretty bad now, and may get worse, but are probably getting better - is expected to remain the same in front of the Senate...
Some experts say a continental market for electricity, similar to the one that exists for oil and gas, is the eventual solution. But even without a grand plan to support that aim, moves are afoot to tinker with the existing situation. By next year, large regional transmission organizations (RTOS) will be in place across North America to remove some of the jurisdictional clutter. "Right now, if you want to ship power from El Paso [Texas] to B.C., you have to settle 10 or 12 different contracts," says Dennis Eyre, executive director of the Western Systems Coordinating Council in Salt Lake...
...require neckties, harder to roll back policies. Clinton's high approval rating and Bush's loss of the popular vote make drastic ideological shifts nearly impossible. And so Bush started small on Saturday, using his Executive power for the first time to establish a national day of prayer and tinker with ethics rules governing the behavior of White House employees. His first 180 days of policymaking will feature a plan to roll back some Clinton tax increases, but Bush wants to spend more time and energy defining his own agenda--reforming schools, reorganizing the military and funding faith-based charities...
...require neckties, harder to roll back policies. Clinton's high approval rating and Bush's loss of the popular vote make drastic ideological shifts nearly impossible. And so Bush started small on Saturday, using his executive power for the first time to establish a national day of prayer and tinker with ethics rules governing the behavior of White House employees. His first 180 days of policymaking will feature a plan to roll back some Clinton tax increases, but Bush wants to spend more time and energy defining his own agenda - reforming schools, reorganizing the military and funding faith-based charities...