June 15, 2000 |
Amid the din of million-dollar parties and free employee BMWs that have come to define the excesses of the "dot-com" era, the quiet voice of frugality is being heard. Fiscal reason has been an oxymoron in high-tech centers around the country since the dawning of the "new economy." With billions of dollars being thrown around, spending big was an easy way to get attention and seem successful.
May 29, 2000 |
Some of the nation's biggest companies, with their outsize appetites for political influence, are helping foot the bill for the Democratic National Convention in Los Angeles. The dollars--including a substantial amount from corporations dealing with the federal government--are crucial for the financing of the most extravagant act of political theater here since John F. Kennedy accepted the Democratic Party nomination for president in 1960.
May 26, 2000 |
The black Aztec eagle, symbol of the United Farm Workers of America, is quietly extending its wings beyond the fields of rural California to touch the skylines of America's cities. With little fanfare, the labor organization and its affiliates are looking to expand their growing radio network in cities such as Las Vegas, where gambling, not agriculture, is the cash crop. They are acquiring and rehabilitating low-income urban housing in California, New Mexico, Arizona and Texas.
May 23, 2000 |
The fate of the Clinton administration's plan to force a 10% reduction in air pollution nationwide will be decided next year by the Supreme Court. The anti-smog rules, if put into effect, would make breathing easier for millions and spare thousands from asthma and respiratory ailments, the administration says. But the U.S. Chamber of Commerce says it would cost American business at least $46 billion a year to comply with the standards. Last year, a U.S.
May 22, 2000 |
Future historians are likely to consider it a sign of the times that ABC has decided to air "Who Wants To Be A Millionaire" no less than four nights a week this fall. This is an era when the money culture is overshadowing the public culture, when the government seems enfeebled and the free market robust.
May 20, 2000 |
Banks were much more cautious about lending to businesses in the last three months, citing some uncertainties about the economy's outlook, the Federal Reserve said Friday. At the same time, consumer demand for home mortgage loans continued to decrease, reflecting higher interest rates, according to the Fed survey of loan officers from 57 large domestic banks and 21 U.S. branches of foreign banks.
April 17, 2000 |
If fundamentals matter once again on Wall Street, investors will have plenty to focus on this week, in the form of first-quarter corporate earnings reports. Whether those reports will help stabilize the market after last week's plunge is anyone's guess, but the numbers are, at least, expected to be robust.
April 13, 2000 |
Prices U.S. businesses paid for imported goods rose in March as costs for oil and other raw materials increased, a sign companies can no longer rely on cheap imports to hold down costs, government figures showed. The import price index increased 0.3% last month after surging 2% in February, the Labor Department reported. Excluding petroleum, import prices increased 0.2% after a February gain of 0.3%. Prices for industrial supplies including metals, chemicals and building materials rose 2.
April 4, 2000 |
U.S. industrial activity grew for the 14th straight month in March, and price pressures mounted, according to a key report issued Monday, raising the odds of more Federal Reserve interest rate hikes in coming months. The National Assn. of Purchasing Management's March index, closely watched by financial markets because it provides one of the first snapshots of the economy's health each month, fell slightly in March, to 55.8 from 56.9 in February. A reading above 50 suggests economic expansion.