Bondhead News Archive

January 01 – January 15


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OH: Area firms join business rush to China Toledo Blade / Mary-Beth McLaughlin

MN: Price increases coming for natural gas customers Minnesota Star Tribune / Jim Buchta

UT: Group warns against Utah's debt growth AP via Salt Lake Tribune

Some phone companies call on higher rates USA Today / Andrew Backover

Gold price rises 20% over year FT / Kevin Morrison

Gold bullion shines in 2003 Reuters via Toronto Star

Gold: Forecast for 2004 Clif Droke Market Analysis via Safehaven / Clif Droke

Wal-mart Changing Tastes In China reg LA Times via Hartford Courant / Tyler Marshall

States argue for their side in fights over new quarters Wall Street Journal via Tallahassee Democrat / Brooks Barnes

Big employers look to add more jobs CBS Market Watch via Akron Beacon Journal / Kristen Gerencher

NV: Restaurant figures likely to sizzle Las Vegas Review Journal / Matthew Crowley

IA: Iowans going broke in record numbers Des Monies Register / Patt Johnson

A Dangerous Combination Lew Rockwell / Paul Hein

Seized documents may hold clue to Parmalat collapse FT / Paul Betts and Tony Barber

Britain feared US move on Gulf oilfields FT / Rohit Jaggi

Argentina's New Dirty Trick on Its Creditors Bloomberg / David DeRosa

Instability drives up oil prices Reuters, Bloomberg, AP and Houston Chronicle

Hoping for the best isn't enough Seattle Post Intelligencer / Bill Virgin

Hedge fund assets expected to grow 20% FT / Deborah Brewster

U.S. Not Seen Worried About Dollar Drop Reuters via Boston Globe / Glenn Somerville

TX: Cattle prices drop nearly 18 percent Dallas Fort Worth Star Telegram / Barry Slaughter

PA: Whatever happened to the “City Of Champions”? Pittsburgh Tribune Review / Jack Markowitz

US halts Alaska oil shipments due to security fears Reuters via Forbes 

Liquidators thrive amid recovery Reuters via CNN

Merc, CBOT set volume records in 2003 Chicago Sun Times / David Roeder

WA: State inching out of recession, but too slowly for jobless Seattle Times / Shirleen Holt

CA: New Year Brings Old Fears for State Firms reg LA Times / Marla Dickerson

MN: Piper Jaffray winds up spinoff Minnesota Star Tribune / Mike Blahnik

Tyson CEO's pay rose as company's profit dipped Bloomberg via Dallas Fort Worth Star Telegram / David Russell

Hollywood finds a bonanza in DVDs LA Times via Baltimore Sun / John Horn

UK: House prices still climbing Guardian / Charlotte Denny

China's economy grows with freer trade, western jobs endure 'creative destruction' CP via / James Dalziel

Is War about Oil or Bad Ideas? Ludwig von Mises Institute / Morgan O. Reynolds

Indian economy posts record 8.4pc growth Gulf Daily News

MA: Fleet's leap to the national stage Boston Globe / Kimberly Blanton

U.S. Need to Import Oil Rises in 2003 reg Reuters via LA Times

Singapore's Credit-Card Rollover Surges to Record in November Bloomberg

Singapore Raises Sales Tax to 5 Percent as Economy Accelerates Bloomberg

Stimulus expected to drive economy Washington Times / Patrice Hill

Meat exporters ask U.S. for help Washington Times / Jeffrey Sparshott

 $88 Billion in Sales of Emerging-Market Bonds reg Bloomberg via NY Times

Avoiding Previous Blunders reg NY Times / Virginia Postrel

Shrimpers Seek Tariffs on Imports From 6 Nations Washington Post / Griff Witte

U.S. Acts to Ban Tax Shelters Using Roth I.R.A. reg NY Times / Lynnley Browning

China Faces a New and Major Test in 2004 Bloomberg / William Pesek, Jr.



Return-Wise, Munis Beat Expectations Bond Buyer / Anastasija Johnson

Asians lose appetite for 'variety meats' AP via MSNBC News

Beijing reports record high in auto sales AP via Jersey Times

Cut Loose the Mortgage Giants Christian Science Monitor

Factory Surge Turns Spotlight Back on Fed Reuters via Yahoo

Oil price nears deadline at top of OPEC range Dow Jones via Houston Chronicle

Dollar down broadly despite strong U.S. data Reuters via Forbes / Kyle Peterson

Stocks likely headed for 're-bubble' in 2004 Inman News / Lou Barnes

The Great Reflation of 2003 Prudent Bear via Safehaven / Doug Noland

Mexico's Peso Surges on 2004 Budget Approval Bloomberg

Foreign central banks buy yet more US debt – Fed Reuters via Yahoo

Fixed for income CBS Market Watch / Rachel Koning

A very good year for REITs Washington Business Journal / Jeff Clabaugh

A Bullish Mirage Daily Reckoning via Safehaven / Kurt Richebächer

How to sustain the global rebound FT / Michael Massa 

Piper Jaffray up on first regular trading day AP via Miami Herald

New year brings altered benefits Washington Business Journal

Analysts Split Over Which Sectors Will Lead Next reg LA Times / Tom Petruno

Christmas May Not Be Necessary Forbes / Dan Ackman

20 years later, Ma Bell covets markets of its growing kids Seattle Times / James S. Granelli

Survey: Auto execs say 2003 was bad, but 2006 looks mighty AP via USA Today

Gadgets to garbage Christian Science Monitor / Mark Clayton

UK: Record spending on credit cards BBC News

Germany leads eurozone factories BBC News

Taiwan: NT dollar may gain against greenback CNA via Taipei Times

After Rout, Bond Traders Are 'Playing Defense' reg NY Times / Jonathan Fuerbringer

CBOT, CME wrap up clearing link as Eurex US lurks Reuters / Ros Krasny

Cow Quarantine Widened AP via Newsday 

CO: Executives, businesses have a lot to resolve Denver Post / Al Lewis

Demand in China, Weak Dollar Will Support High Oil Price reg NY Times / Simon Romero

Bank of America faces possible SEC action FT

Bond Prices Start 2004 With Step Backward AP via ABC News

Australian Dollar May Gain on Signs of Stronger Economic Growth Bloomberg

From hooves to tendons, Asian consumers bought what Americans don't eat AP via San Diego Union Tribune / Andrew Kramer

Treasury Plans Survey on Electronic Bonds AP via Newsday

To Many Bears, Stock Recovery Is a Fleeting Thing Bloomberg / Chet Currier

Putin vs. the Jailed Tycoon: Defining Russia's New Rules reg NY Times / Timothy L. O’Brien and Erin E. Arvedlund

Gunning for robust payrolls Reuters via Yahoo 

Emerging Debt-Mexico ticks down with US Treasuries Reuters via Yahoo

Industry Data Sends Treasuries Reeling Reuters 

Treasuries Tumble as Manufacturing Index Jumps to 20-Year High Bloomberg

US junk bond funds take in $27 bln in 2003 Reuters

Greenspan, top Fed officials to speak on US outlook Reuters via Yahoo

December ISM Manufacturing Index Rises Bloomberg

Inflation expectations are on the rise CNN / Justin Lahart

Labor Dept. Plans To End Overtime Controversy in March Washington Post / Kristen Downey

China seen ending yuan peg to hold back inflation Bloomberg via Taipei Times

Government and the Flu: A Short History Ludwig von Mises Institute / William Anderson

Parmalat Suspects Face Questioning as Probe Seeks Missing Cash Bloomberg

Schroeder's Tax Cuts May Fail to Boost German Economy in 2004 Bloomberg

BP's $3.6 Bln Pipeline Runs Into Georgian Strikes, Revolution Bloomberg

Singapore's Economy Grows In 4Q But Pace Slows Dow Jones via Yahoo / Izham Ahmad

Indexes R Us CBS Market Watch / Mark Hulbert

Financial Enterprise In China at Odds With Party Politics Washington Post / Peter S. Goodman

Regulators Look Closely at Hedge Funds Washington Post / Brooke A. Masters 

Enjoy Market’s Rally While You Can – It May Not Last NY Post / John Crudele

Better Sit Down NY Post / Jenny Anderson and Katy Byron

Scent of sleaze persists amid US boom Guardian / David Teather

UK: The real estate we're in Guardian / John O’ Farrell

U.S. Notes Fall; Jobs Report May Signal Improving Labor Market Bloomberg

Beef processors ease production, lay off workers USA Today / Paul Davidson

A better world is in US' self-interest Taipei Times / Colin L. Powell

Saddam's face vanishing from the currency of Iraq Gulf Daily News

UK: First Death, then Shag - welcome to the world of cult student cigarettes reg Business Telegraph / Rosie Murray

Chirac sees job growth as priority for France AP, Bloomberg and International Herald Tribune 

Coming to terms with the logic of outsourcing Bloomberg via International Herald Tribune



Conducting Monetary Policy at Very Low Short-Term Interest Rates Federal Reserve Board / Ben S. Bernanke and Vincent R. Reinhart

Fedspeak Federal Reserve Board / Ben S. Bernanke

Risk and Uncertainty in Monetary Policy Federal Reserve Board / Alan Greenspan

Italian food company Parmalat became European powerhouse AP via San Antonio Express News / Tom Rachman and David McHugh

Sad holiday season for toy stores? Reuters via CNN

IL: Starts, sales to hum, hover near highs reg Chicago Tribune / Mary Umberger

CA: State to investigate funds Sacramento Bee / Dale Kasler

Cenbanks wise to act before zero rates reached-Fed Reuters via Yahoo

Tide of economic growth rolls into the new year St. Louis Post Dispatch / Eric Heisler

Debt-ridden town disbands its police AP via Pittsburgh Post Gazette and America Economies / Bill Bergstrom

The Outlook for the Housing Market Thoughts from the Frontline via Safeaven / John Mauldin

Canada: Gauging impact of rising loonie National Post / Jacqueline Thorpe

Australia: Overseas investors still like our dollar Sydney Morning Herald / John Garnaut

CO: Economist: State may lose 4,430 jobs if beef ban persists Denver Post / Steve Raabe

Freddie and Fannie show dandy gains Bloomberg via South Florida Sun Sentinel / Al Yoon

MA: New Year's leaves hoteliers in city with little to celebrate Boston Globe / Keith Reed

CBOT starts up new system FT / Jeremy Grant

Next week may give good hint of what's in store for 2004 AP via Seattle Times / Hope Yen

Concerns on flights may cost airlines Baltimore Sun / Paul Adams

European, U.K. Bonds Decline in the Week on Outlook for Growth Bloomberg

Greenspan Says Fed Was Right Not to Pop Stock Bubble Bloomberg

Bernanke: Fed should be more open with markets CBS Market Watch via IWon / Rachel Koning

Bank of England's King Praises `Changes' in Policymaking Rules Bloomberg

Cashed-up China may provide problems for central banks Sydney Morning Herald / Hamish McDonald

Japan and China Battle for Russia's Oil and Gas reg NY Times / James Brooke

How Snow went cold on the 'strong dollar' UK Telegraph / Edmund Conway

IRS Audits 800 on Its Staff Over Suspect Deductions reg LA Times / Kathy M. Kristof

This is not flaky policy making but America's best chance of success UK Telegraph / Neil Collins

Shipping industry feels mad-cow fallout Seattle Times / Alwyn Scott

UK: Debt warning is unheeded as equity withdrawal hits record Guardian / Charlotte Denny

Seven South Asian Nations Agree in Principle on a Trade Zone reg AP via NY Times




OH: Falling into bankruptcy Toledo Blade / Jon Chavez

Once a Cassandra, Now a Sage reg NY Times / Elizabeth Olson

Lessons from Past Productivity Booms Federal Reserve Board / Roger W. Ferguson, Jr.

Monetary Policy and the Economic Outlook: 2004 Federal Reserve Board / Ben S. Bernanke

OH: Mad-cow impact: how big? Akron Beacon Journal / Mary Ethridge

MN: Interest Rates: Inflation and falling dollar could send numbers climbing St. Paul Pioneer Press / Mike Hughlett

Weighing the need for contingency-fee limit Knight Ridder via Philadelphia Inquirer / Patrick Danner

Dollar's Down, So Go for the Foreign Newsday / Janet Kidd Stewart

US dollar starts the year under pressure over account deficit AFP via Taipei Times

Russia: Cheap labor no substitute for sober employees Reuters via Taipei Times

Canada: As Canada currency gains, firms hurting Bloomberg via Boston Globe / Kevin Carmichael and Greg Quinn

NE: Falling prices, rising fears Omaha World Herald / Chris Clayton and Steve Jordon

How does all that gasoline and other fuel get here? Pittsburgh Post Gazette / Joe Grata

Pearls From Poor Richard Washington Post / Michelle Singletary

James Baker Scores in Asia on Cutting Iraqi Debt Bloomberg / David De Rosa

Fund Scandal: A 60's Flashback reg NY Times / Diana B. Henriques

For Boomers Near Retirement, Toolboxes Aplenty reg NY Times / Elizabeth Harris

'Offshoring' Trend Casting a Wider Net reg LA Times / Marla Dickerson

Recession dominated 2003 news Seattle Times / Stephen Dunphy

Parmalat to Ask Banks for More Money Reuters via ABC News / Clara Ferreira-Marques and Jacopo Barigazzi

China-US trade surplus '$53.2bn' BBC News

A decade of tradeoffs Knight Ridder via Dallas Fort Worth Star Telegram / Kevin G. Hall

Economics lessons in an age of uncertainty ABC and Washington Post via Indianapolis Star / George Will

U.S. Probably Added Jobs for Fifth Month: U.S. Economy Preview Bloomberg

White collars, prison blues reg Chicago Tribune / Greg Burns

Mad cow case shows risk of push for protein in feed reg Chicago Tribune / Delroy Alexander

Clear Skies? Washington Post / John M. Berry

Bank of America talked up Parmalat's bonds reg UK Telegraph / Edward Simpkins

UK faces 'wrong kind of growth' reg UK Telegraph / Robert Watts

Terrorism, Inflation Stalk U.S. Market in 2004 NY Post / Suzanne McGee

High-yield bonds lived up to name Minnesota Star Tribune / Mike Blahnik

Parmalat: US banks caught in spotlight Guardian / Oliver Morgan

UK: Spring in American economy will rebound badly on us Guardian / Faisal Islam

Turkey beats inflation target Gulf Daily News

Predictions for the fund industry in 2004 CBS Market Watch / Chuck Jaffe

Where to Go When the Easy Gains Are Gone reg NY Times / Kenneth N. Gilpin

Crude Oil Prices to Fall to $24 a Barrel in 2004, S. Korea Says Bloomberg

Taking the Market's Pulse With the P/E Ratio reg NY Times / Jonathan Fuerbringer

The Joyless Recovery reg NY Times / Edmund L. Andrews

Hong Kong's Rebound Is Tied to China reg NY Times / Keith Bradsher



U.S. is hooked on borrowing reg Dallas Morning News / Jim Landers

Doomerang! The Euro vs Dollar Currency War Monitor via Safehaven / Alex Wallenwein

Crude nears $34 a barrel; pump prices at lofty levels Houston Chronicle

Quirks and dangers from credit derivatives Reuters via Yahoo / Eric Burroughs

Argentina tax collection jumped 43.2 pct in 2003 Reuters via Yahoo

Policy Statement Issued on Financial Institutions Providing Financial Support to Advised Investment Funds Federal Reserve and FDIC

Nasdaq Posts Highest Close in 2 Years AP via South Florida Sun Sentinel / Meg Richards

Running out of air at Goodyear Motley Fool via Rocky Mountain News

Gadget sales to U.S. consumers seen growing 5 pct Reuters via Forbes / Eric Auchard

Toyota tops 2 million in North America sales Japan Times

Whole '04 may be great sum in car parts Milwaukee Journal Sentinel / Thomas Content

U.S. savings rate slides AP via Baltimore Sun / Eileen Alt Powell

Fed on hold 'til 2005? CNN / Mark Gongloff

Three charged with cheating on NASD brokers' exams AP via Fresno Bee

Guess which jobs are going abroad CNN / Leslie Haggin Geary

Despite Rebound, States' Budgets Are Still Reeling reg NY Times / John M. Broder

Argentina's bondholders organize class action suit Reuters

US mortgage bond supply to fall 30 pct in 2004-S&P Reuters

Dollar sags to new record low BBC News

Brazil Benchmark Bond Approaches Par, Fueling Swap Speculation  Bloomberg

New Mexico buys $10m worth of Israel Bonds Israel Business Arena - Globes / Zeev Klein

Taiwan's economic recovery will last for years: analyst CNA via Taipei Times

TX: NAFTA part of global trend Dallas Fort Worth Star Telegram / Jim Fuquay

Save that e-mail Akron Beacon Journal / Erika D. Smith

Fannie Mae, Freddie Mac bill sale calendar Reuters via Yahoo

U.S. corporate bond new issues Reuters via Yahoo

Why retirement plans are falling short Christian Science Monitor / David R. Francis

Still looking: update on four long-term job seekers Christian Science Monitor / Stacy A. Teicher

U.S. Economy: November Construction Spending Rises Bloomberg

Back to basics The Economist 

More security, more delays The Economist

MN: How do we stop high-paying jobs from fleeing Minnesota? Minnesota Star Tribune / Jacques Koppel

Citigroup, GE, GM May Lead 2004 Company Bond Sales Bloomberg

What determines wages? Brookes News / Dr. Frank Shostak

Economic road 'lined with surprises' Inman News / Lou Barnes

Profits do not create unemployment Brookes News / Gerard Jackson

Stingers: The 2004 State Tax Survey / Tim Reason 

Gold kicks off year at near 14-year high FT / Kevin Morrison

Euro Will Be Top Currency When Asia Says So Bloomberg / William Pesek, Jr.

Group think CNN / Justin Lahart

Dollar slumps to new low against euro and yen FT / Jennifer Hughes and Gordon Smith

How to Get Tough on Brokers Who Churn Your Funds Bloomberg / John Wasik

Treasuries May Rise; Fed's Bernanke Says Rates `Appropriate' Bloomberg

Dollar Falls to Record Versus Euro After Bernanke's Comments Bloomberg

Fed's Bernanke defends U.S. easy money stance  Reuters via Yahoo

Terror threats cloud air-travel recovery Christian Science Monitor / Alexandra Marks

Mad cow weighs down a $175 billion industry Christian Science Monitor / Brad Knickerbocker

UK: Lord Black's directors accused of negligence Guardian / Simon Bowers

Kuwait 'sold fuel to US at market price' Gulf Daily News

Is the Glass Half Full or Half Empty in '04? Newsday / Randi F. Marshall 

Australian ranchers may profit on U.S. beef ban Bloomberg

Commodities ride recovery in world economy International Herald Tribune / Eric Pfanner

Brokerage seized by mainland authorities Bloomberg via International Herald Tribune / Lu Wang

Dollar May Extend Decline Against Euro, Yen, Survey Indicates Bloomberg

Clouds linger for investors in China International Herald Tribune



Economic models come up with two very different futures Daily Standard / Irwin M. Stelzer

CA: Master salesman Schwarzenegger warns of bankruptcy Reuters via Yahoo / Adam Tanner and Michael Kahn

Dollar Creeps Higher Against Euro Reuters via Yahoo

Experimental Economics, Indeed Ludwig von Mises Institute / Joseph R. Stromberg

Companies consider pension freezes USA Today / Christine Dugas

US SWAPS-Slew of debt issues shove spreads tighter Reuters via Yahoo

US basks in dollar decline BBC News

EU leaders downplay split on two-speed Europe EU Business

Japan: How To Turn An Illusory Recovery Into A Real One Business Week via Yahoo

CO: It's just like old (boom) times Rocky Mountain News / Gargi Chakrabarty

IA: Gephardt: Maytag to move jobs; Maytag: No Des Moines Register

Judging the Fed FT via RealClear Politics

Key economic figures to be out this month Seattle Times / Stephen Dunphy

HSBC expands U.S. asset-backed bond business Reuters / Aleksandrs Rozens

CBOT, NexTrade considering options without expiration date Chicago Sun Times / David Roeder

A $45 billion shot in the arm The Economist

Buying the stairway CNN / Justin Lahart

'The best recovery money can buy' Guardian / William Keegan

One Safe Bet On Rates: Greenspan Can’t Drop ‘Em NY Post / John Crudele

November factory orders dip 1.4% Reuters via CNN

No end in sight to dollar's descent Guardian / Charlotte Denny

Web Sales Rise 30% NY Post / Suzanne Kapner

Overnight interest rates up, benchmark bond unchanged Inman News

Taiwan: Cross-strait business a masquerade of co-option Taipei Times / Ku Er-the

The Problem of Complexity National Review / Bruce Bartlett

Greenspan Gazes Into Mirror, Likes What He Sees Bloomberg / Caroline Baum 

Stock answers The Economist

The Future of Beef or 'Buddy Ever Eaten a Blowfish?' Lew Rockwell / Mike Rogers

Chilean Government to Sell Bonds Abroad as Rates Fall Bloomberg

Dollar Slide Accelerates; Risks of Rout Increase Dow Jones via Quicken

U.S. Treasuries Rise After Services Index Unexpectedly Declines Bloomberg

Watch January Market Indicators at Your Own Risk Bloomberg / Chet Currier

India Can Shine If It Has a Shanghai or Two Bloomberg / Andy Mukherjee

Red Ink Rising AP and CBS News

U.S. behind on credit cards Reuters via CNN

Treasuries Helped by Asian Central Banks Reuters via ABC News / Wayne Cole

Were Banks ''Reckless'' with Parmalat? Combined Articles / Stephen Taub

Scandal Is Blow to Italian Capitalism LA Times / Joseph Menn 

Euro reaches $1.28 against dollar FT / Jennifer Hughes

Don't need a weatherman... CNN / Justin Lahart

Canada: Loonie continues relentless climb Toronto Star / Dana Flavelle

Steely nerves and the dollar CNN / Katherine Hayes

Report: December sales up 6% CNN

Fannie, Freddie Armed for a Fight reg Bloomberg via LA Times / James Tyson

Many States Not Funding Tobacco Prevention AP via Washington Post and Prudent Bear / Jennifer Friedlin

Gold breaks second long-term record in a row FT / Kevin Morrison

Australia: Cattlemen, feedlots stock up in hope of more sales to Japan Sydney Morning Herald / Jason Gale

Bernanke disputes Greenspan view of recession Sydney Morning Herald / John Garnaut

Joyless upturn for U.S. factories NY Times via International Herald Tribune / Edmund L. Andrews

Economist backs Fed policy as dollar hits fresh low Telegraph / David Litterick

Isle of the Pears Pimco / Paul McCulley

Treasuries May Gain on Speculation of Asian Central-Bank Buying Bloomberg

Bank of China, Construction Bank Get $45 Bln Bailout Bloomberg

Parmalat bonds: Question of fraud NY Times via International Herald Tribune / Floyd Norris

Dollar Trades Near Record Versus Euro; Inflation to Stay Tame Bloomberg




OH: Defiance banker has ear of Fed Toledo Blade / Mary-Beth McLaughlin

US SWAPS-After debt deluge, spreads drift wider Reuters via Yahoo

U.S. Fiscal Policies and Priorities for Long-Run Sustainability International Monetary Fund

Schwarzenegger Seeks to Raise Debt Washington Post via America Economies / Rene Sanchez

Schwarzenegger Ready to Deliver Budget Bond Buyer / Rochelle Williams

U.S. carmakers try to stem the foreign tidal wave AP via St. Louis Post / John Porretto

IMF sounds alarm on snowballing U.S. fiscal deficit; treasury secretary cool CP via

The Diving Dollar: Don't Fret – Yet Business Week via Yahoo 

Housing equals true wealth effect Inman News

More consumers delinquent on home equity loans Inman News

UK pension returns 15.8% - Russell/Mellon CAPS Investment and Pensions Europe

Health cost, pension concerns bode ill for seniors CBS Market Watch / Robert Powell

Federal Reserve Board endorses Government Securities Clearance and Settlement Working Group Federal Reserve Board

Cash-strapped SBA suspends 7(a) biz loan program Washington Business Journal / Kent Hoover

The United States in the World Economy Federal Reserve Board / Donald L. Cohn

The protectionist portfolio CNN / Justin Lahart

BofA pledges to lend, invest $750 billion reg Charlotte Observer / Rick Rothacker

IMF continues warning on US deficit UPI / Shihoko Goto

KS: Insurance claims have led to several policy cancellations reg Kansas City Star / John L. Peterson

Trichet Should Push for Rate Cut to Halt Euro Run Bloomberg / Matthew Lynn

European Commission weighs stronger accounting controls after Parmalat AFP via EU Business

Fed's Kohn: Deficits 'worrisome' Reuters via CNN

How To Invest In The Declining Dollar Forbes / Ari Weinberg

Crude falls 8 cents to $33.62 a barrel Reuters via Houston Chronicle

FL: For European visitors, weak dollar is strong pull to S. Florida South Florida Sun Sentinel / Joseph Mann

Credit crunch coming? CNN / Mark Gongloff

Nasdaq Ends at New 2 1/2-Year High Reuters via ABC News

Detroit Screams About Japan Yen Moves Forbes / Robyn Meredith

US deficit may pose 'global risk' BBC News

UK: Banks set to keep rates on hold BBC News

Tom Hanks - Portfolio Manager Pimco / Bill Gross

Brazil Bank to Revive Dollar Purchases to Weaken Real Bloomberg

Higher rates could boost bond sales to individuals Reuters / Dena Aubin

IMF steps up warning over Bush tax cuts FT / Alan Beattie

Eisner, Semel Are in Out-of-the-Money Options Bloomberg / Graef Crystal

Transcripts may explain Greenspan's nervousness Baltimore Sun / Jay Hancock

WA: Look small, see big Seattle Times / Stephen Dunphy

Oh, the increasing costs of heating are frightful Philadelphia Inquirer / Akweli Parker

Pimco holds $2 billion in GE's once-rejected commercial paper reg Bloomberg via Orange County Register

Snow: Economy Will Help Slash Deficit AP via Baltimore Sun / Martin Crutsinger

Mad Socialism Disease Ludwig von Mises Institute / Christopher Westley

Plenty of crying over spilt milk The Economist

Bonds drop ahead of 5-year auction CNN

Auctions depress demand for government bonds FT / Päivi Munter

Analysts Say: What glitters is gold Toronto Star / Curtis Rush

U.S. corporate bond new issues Reuters via Yahoo

Dollar gets respite as bears pause for profits FT / Jennifer Hughes

U.S. Mortgage Applications Increase Reuters via Washington Post / Aleksandrs Rozens

Fannie Mae, Freddie Mac bill sale calendar Reuters via Yahoo

Euro Drops as Trichet May Signal Concern About Currency's Rise Bloomberg

Venezuela to Sell 30-Year Bonds as Yields Decline Bloomberg

Debt soars to a record NY Post / Stephen Lynch

It’s Payback Time NY Post / Jenny Anderson

U.S. Economy Seen Expanding 4.4% This Year Bloomberg

TX: Housing market looks hot for 2004 San Antonio Express News / Adolfo Pesquera

New S. Korea Economy Goes Snap, Fizzle, Pop Bloomberg / William Pesek, Jr.

Hong Kong Monetary Authority Says It Bought $550 Mln Bloomberg

Kuwait stocks soar above 5,000-mark Gulf Daily News

Mexico, Turkey, Poland Lead Emerging-Market Bond Rush Bloomberg

Singapore's Temasek Raises $1.25 Bln in Singtel Sale Bloomberg

Economists take manufacturing retreat lightly AP via Houston Chronicle

U.S. States Weather Recession, Aim to Repair Credit Bloomberg / Joe Mysak

Europe Effort to Control Pricing Is Set Back reg NY Times / Paul Meller

U.S. Economy Seen Expanding 4.4% This Year: Bloomberg Survey Bloomberg

AZ: Tucson home sales hot Arizona Republic / David Pittman

Euro officials see 'no problem' in sliding dollar reg UK Telegraph / David Litterick




CA: Richmond, Calif.'s Woes Worry Raters Bond Buyer / Rich Saskal

Canada: Bankruptcies rising, except in B.C. The Province via Brian Lewis

In Bond Funds, Risk Takers Are Rewarded reg LA Times / Josh Friedman

California real estate less affordable Inman News

Emerging debt-Investors extend early 2004 rush Reuters via Yahoo / Tomas Sarmiento

US SWAPS-Spreads widen, market spies hefty payrolls rise Reuters via Yahoo

Gold, Yields, and PE's via / Edmond J. Bugos

CT: Merger Could Give Lift To State reg Hartford Courant

A Reply to Schumer and Roberts Ludwig von Mises Institute / George Reisman

For Some, Market Rebound of '03 Was No Saving Grace reg LA Times / Tom Petruno

IRS says Glaxo owes $5.2 billion in taxes, interest Philadelphia Inquirer / Linda Loyd

Potential Jurors Quizzed on Martha Recipes AP via Morning Call / Erin McClam

Economists agree dollar will rise further Toronto Star / Steven Theobald

Consumers slow credit card use, but borrow for auto purchases AP via San Diego Union Tribune / Leigh Strope

Levi's closes last U.S. sewing plants AP via CBS Market Watch

CT: Chickens popular; mad cow not issue Connecticut Post / Rob Varnon

CA: End may be in sight for grocery strike San Diego Union Tribune / Frank Green

U.S. health care cost $1.6 trillion in 2002 reg AP via Milwaukee Journal / Joe Manning

2003 Review and Outlook For 2004 Grandich Publications via Kitco / Peter Grandich

UK pension funds switch into bonds, says WM Investment and Pensions Europe

Slovak president vetoes pension savings bill Investment and Pensions Europe

Report:World consumption strains resources UPI / Dan Whipple

Back to the Immigration Debate Christian Science Monitor

Job boom? Not yet CNN / Mark Gongloff

KS: Getting out of debt gets tougher reg Kansas City Star / Paul Wenske and Gene Meyer

Parmalat bond was hedged - Swiss bank Business Report

Husband Wife Team Could Rat Out Lay NY Post / Paul Tharp

The huddled masses can stay The Economist

Brazil Benchmark Bond Rises Above Face Value Bloomberg

Eurozone rates remain unchanged BBC News

Mortgage rates nudge up again this week AP via USA Today

Tech firms make their case for 'offshoring' jobs AP via Seattle Post Intelligencer / Ted Bridis

European bonds steady as rates held FT / Päivi Munter

Bank of England holds rates at 3.75% FT / Anna Fifield

Can't last The Economist

Mr Thain moves in The Economist 

A shrinking giant The Economist

Make Way for More Tax Cuts National Review / Marian L. Tupy

Mexican Consumer Prices Climbing at Slowest Pace in 30 Years Bloomberg

TX: 'For rent' signs multiply reg Dallas Morning News via Prudent Bear / Steve Brown

Mortgage lenders pull back Washington Business Journal

Dead-Wrong Inflation Hawks National Review / Larry Kudlow

Behind Detroit's Door No. 1 for '04? Free Cars Bloomberg / Doron Levin

Venezuela's Chavez Ogles Reserves Before Election Bloomberg / David DeRosa

Dollar rebound capped by ECB's indifference FT / Jennifer Hughes

Fannie Mae, Freddie Mac bill sale calendar Reuters via Yahoo

U.S. bond rally negates bearish view Saxo Bank via FX Street / Robert P. Balan

Late Shoppers Save Sales, Not Profits Reuters / Emily Kaiser

Is the euro too strong? CNN / Justin Lahart

NYSE Pay Deals NY Post / Jenny Anderson

Donaldson Rips Mutual Fund Boards NY Post / Paul Tharp

Brazil Output Rises in November, Suggests Rate Cut Bloomberg

Emerging debt-Brazil C bonds hit par reflecting faith in Lula Reuters via Yahoo

The huddled masses can stay The Economist

For Jobs, Some Germans Look to Poland reg NY Times / Kevin J. O’Brien

EU assesses 4 countries' budgets Bloomberg via International Herald Tribune

Suspending euro rules was illegal, EU is told International Herald Tribune / Thomas Fuller

UK: Glaxo hit by $5bn US tax demand Guardian / Heather Stewart

US 'endangering world economy' Guardian / David Teather

I.M.F. Says Rise in U.S. Debts Is Threat to World's Economy reg NY Times / Elizabeth Becker and Edmund L. Andrews

Lessons from America's fiscal recklessness Taipei Times / Jeffrey Sachs

The myth of the populist stock market Christian Science Monitor / David Callahan

Japan: Dollar now expected to hit 100 yen Japan Times / Mayumi Negishi and Taiga Uranaka

S. Korean Central Bank Leaves Key Rate at Record Low Bloomberg

UK: Europe's best loved show is back. It should run and run reg Telegraph / Neil Collins

China: How does US$130 billion make sense? People’s Daily

Insider tips very big bucket on Yukos over tax dodges Sydney Morning Herald / Jeanne Whalen

Syria ends banking monopoly Gulf Daily News

Euro Drops on Prospects ECB Will Signal Concern About Gains Bloomberg

German companies cutting pension plans International Herald Tribune / Floyd Norris

First, Brassieres. Now, Shrimp. Who Gains? Bloomberg / Andy Mukherjee



He Who Laffers Last ... National Review / Jerry Bowyer

Who Says Eliot Spitzer Is a Hero? Fox News / Neil Cavuto

Jobs Report Rebuts Other Employment Indicators Bloomberg / Caroline Baum

The Fed and the Bubble Dissident Voice via Fiend’s Super Bear Page / Mark Weisbrot

Exporting American Jobs Hans F. Sennholz via Safehaven / Hans F. Sennholz

Issues 2004 Prudent Bear via Safehaven / Doug Noland

The Relative Dollar and Gold Zeal via Safehaven / Adam Hamilton

Immigration change costs ignored UPI / Christian Bourge

The White House and Fed deserve some praise National Review / Victor A. Canto

Trading penny stocks won't get you big bucks St Louis Post Dispatch / David Nicklaus

CA: Governor readies push to garner bond support San Francisco Chronicle / Lynda Gledhill

DC: Bonds assist Realtors in move Washington Times / Tim Lemke

For now, don't sweat dollar's dip reg Kansas City Star / Jerry Heaster

Canada: Central bank cuts Q4 growth estimate Ottawa Business Journal

Costa Rica Will Sell Bonds as Latin Yields Tumble Bloomberg

Vale Sells 30-Year Bonds, Longest Term Ever in Brazil Bloomberg

US-China ties allow no deviation from track of cooperation People’s Daily

Trade deficit stirs fears over UK economy FT / Anna Fifield

Chilean Peso, World's Top Performer, Gains After Rate Reduction Bloomberg

S Koreans despair at debt crisis BBC News / Charles Scanlon

UK: Pension system far too complex, say Lords FT / Kevin Brown

NY: Many Still Angry About Medicare Bill Newsday / James Bernstein

CA: Schwarzenegger unveils $76B budget Reuters via CNN

Job Creation Rate Down Newsday via South Florida Sun Sentinel / Randi F. Marshall

Immigrant plan is cost of doing business Denver Post / Al Lewis

TX: Pricing dilutes holiday profits Dallas Fort Worth Star Telegram / Heather Landy

Argentina to Receive IMF Funds After Reaching Accord Bloomberg

The no-job recovery CNN / Mark Gongloff

Oil Prices Climb Above $34 a Barrel AP via Newsday / Brad Foss

The Charms of Managing Money Alan Greenspan-Style Bloomberg / Chet Currier

Bush savaged by former Treasury chief FT / Alan Beattie

US Corp Bonds-Spreads widen on jobs data, supply Reuters / Dena Aubin

Listen up: Clock ticking on the deficit Philadelphia Inquirer / Andrew Cassel

MA: Falling jobless figure deceptive Baltimore Sun / Bill Atkinson

Employment news kills rate rise expectations FT / Jenny Wiggins

Bond Sales Will Rise in 2004, If History Is a Guide Bloomberg / Joe Mysak

Consensus Inc. CNN / Justin Lahart

Treasuries Surge After Economy Added Fewer Jobs Than Forecast Bloomberg

US jobs market far weaker than hoped FT / Christopher Swann

Parmalat Cost U.S Firms $2B NY Post / Paul Tharp

Not Playing NYSE NY Post / Jenny Anderson

US junk bond funds take in $506 mln in week-AMG Reuters via Yahoo

Dollar slides to new low on weak jobs numbers FT / Jennifer Hughes

Inflation-protected Treasuries sales tepid, but yield hits 2% Reuters via Orange County Register

CA: Pay up, state says San Francisco Chronicle / Verne Kopytoff

Trade deficit stirs fears over UK economy FT / Anna Fifield

Fannie Mae, Freddie Mac bill sale calendar Reuters via Yahoo

U.S. Seen Adding Jobs as Factories End 40-Month Hiring Drought Bloomberg

Yen Declines After Bank of Japan Sells, Traders Familiar Say Bloomberg

UK: Rate rises on hold as shoppers stay away Guardian / Larry Elliott

Trades Backed by Big Banks Draw Interest of Regulators reg NY Times / Rivad D. Atlas

No Brakes On the Euro Washington Post / Keith B. Richburg

Russia: Lasers to Help Foil Ruble Forgers Moscow Times / Alex Nicholson

Taiwan is not China's concubine Taipei Times / Liu Kuan-the

Weak dollar's impact on Wall Street, consumers Christian Science Monitor / Ron Scherer

Crude Oil Reaches 9-Month High as Freezing Weather Hits U.S. Bloomberg

Dollar war: Is Europe the patsy? NY Times via International Herald Tribune / Floyd Norris

Relentless euro rise sets alarm bells ringing Gulf Daily News

Japan, U.S. plan to restore faith in beef Japan Times

S. Korean GDP Growth Accelerated to 3.6% in 4th Qtr Bloomberg

China's Dec. Exports Grow 51%, Fastest in At Least 4 Years Bloomberg



Fed’s Pugnacious Policies Hurt Economies Asia Times via Prudent Bear / Henry C K Liu

CT: Discouraged workers cited as major factor Connecticut Post / Rob Varnon

Forecast 2004: The Silver Lining Economy Thoughts from the Frontline via Safehaven / John Mauldi

CA: Good times ahead, economists say San Diego Union Tribune / Mike Freeman

CA: Grocery strike settling into ‘trench warfare’ LA Daily News / Nicholas Grudin

Few jobs made in USA reg Chicago Tribune / Michael Oneal

Prices increase for oil and natural gas Dallas Fort Worth Star Telegram / Dan Piller

CO: Metro foreclosures at 15-year high Rocky Mountain News / John Rebchook

CA: Rivals to beef take no glee in scare Fresno Bee / Dennis Pollock

CA: Economy May Not Help Governor reg LA Times / Marla Dickerson

Mad Cow Crisis Could Spark Inflation Reuters via Yahoo / Alister Bull

Argentina says it will not revamp debt restructuring plans AFP via Yahoo

Week Ahead: Investors Look to Earnings Reuters via Yahoo / Elizabeth Lazarowitz

Many in U.S. have reached depths of debt Knight Ridder via Indianapolis Star / Susan Tompor

Money managers optimistic Milwaukee Journal Sentinel / Kathleen Gallagher

When mistakes profit a company Philadelphia Inquirer / Jeff Gelles

Pa. pension fund earns $5 billion Philadelphia Inquirer / Joseph N. DiStefano

UK deficit at £10bn Guardian / Larry Elliott 

Lebanon drops ranking in economic freedom index Daily Star / Tarek El Zein

Now Knight Trading Gives AMEX The Ol’ Heave-Ho NY Post / Jenny Anderson

O'Neill Depicts a Disengaged President Washington Post / Jonathan Weisman

Unemployment Down, But New Jobs Are Rare Washington Post / Nell Henderson

Weak labor data wallops dollar AP via Orlando Sentinel / Anusha Shrivastava

Job growth lags; many giving up Miami Herald / Gregg Fields

Job news shows U.S. economy still shaky Orlando Sentinel / Barry Flynn

Jobs Disaster NY Post / Paul Tharp

Taiwan: Government unable to balance budget by 2011 Taipei Times / Joyce Huang

West's fear of change undermines globalization Toronto Star / David Crane

Economist: are all cloud and little silver lining Observer via Taipei Times / William Keegan

Parmalat 'exec' was actually in charge of the switchboard Sydney Morning Herald

Japan's MOF Sold $47 Billion in Treasuries to BOJ, Yomiuri Says Bloomberg

BOJ May Have Spent $10 Billion Selling Yen, BNP Paribas Says Bloomberg

Australia: Dollar charges higher as greenback flounders Sydney Morning Herald

Shell drops 'bombshell' on reserves reg Telegraph / Dominic White

Weak U.S. job report may stall stock market until profits come rolling in CP via / Bruce Meyerson

France: Currency instability 'a threat to exports' Gulf Daily News

U.S. pushes China duties Reuters via International Herald Tribune

It's the way that you say it - especially in Fedspeak Guardian / Edmond Warner

UK: Precipice bonds, an accident waiting to happen Independent / Jonathan Davis

Inquiry expands to Bank of America International Herald Tribune / Doreen Carvajal

Bush Seeks Ways to Create Jobs, and Fast reg NY Times / Edmund L. Andrews

Banker Linked to Jailed Russian Fighting to Stay in U.S. reg NY Times / Timothy L. O’Brien

Shell Cuts 20% Off Estimates of Oil and Gas in Its Reserves reg NY Times / Jonathan Fuerbringer

HP's 1981 calculator still hot seller Cox News via Omaha World Herald

EU and Japan threaten U.S. on customs duties Bloomberg via International Herald Tribune



Confessions of a willing victim of the bubble Chicago Sun Times via Fiend’s Super Bear Page / Stephen J. Lyons

Nobel laureate says jobless recovery remains a puzzle Seattle Times via St. Louis Post / Alwun Scott

Goldman Sachs and Italy Lead Borrowers of $26 Billion in U.S. Bloomberg

Pension Peril Looming : U.S. NY Post / Stephen Lynch

Emerging debt rally seen holding steady Reuters via Yahoo / Greg Brosnan

Free Trade and Factor Mobility Ludwig von Mises Institute / Robert P. Murphy

Canada: High gold prices fuelling new Arctic rush, at least three new mines planned CP via

Canada: The 1995 `bombshell' that still haunts us Toronto Star / David Olive

Dollar keeps dropping as deficit worries grow AFP via Taipei Times

Gold shines as dollar wilts, oil soars International News

Enron case bogged down by baby-sitting FT / Joshua Chaffin

Wider use of GPS may remap how we live Oakland Tribune / Francine Brevetti

Grocery Union: L.A. Talks Unsuccessful AP via Baltimore Sun

Retail Sales, Production Seen Rising: U.S. Economy Preview Bloomberg

US moves to restart stalled trade talks FT / Edward Alden and Lionel Barber

Oil giants pressed to detail proved reserves FT / Carola Hoyos

Snow Says Bush Budget Will Set Path for Lower Deficit Bloomberg

BOJ's Fukui Says He's `Cautiously Watching' Dollar Bloomberg

Tiny Ireland battles to head off EU "nightmare" AFP via EU Business

Gas prices shoot up CNN

Opportunity Vs. Security Is Real Issue In Economy reg Hartford Courant / Dan Haar

The real business world Seattle Times / Stephen Dunphy

WA: What's wrong with this job picture? State, national forecasts don't match Seattle Times / Suzanne Monson

What needs to happen for jobless Philadelphia Inquirer / Andrew Cassel

Rising profits haven't benefited workers Boston Globe / Charles Stein

Don't fret about kids, Enron mom Denver Post / Al Lewis

Snow: Jobs are coming Reuters via CNN

Sweet times in China Minnesota Star Tribune / John Reinan

In Post-U.S.S.R. Russia, Any Job Is a Good Job reg NY Times / Timothy L. O’Brien

Markets Shine Even More Abroad reg NY Times / Kenneth n. Gilpin

When Santa Delivers, Is Growth On the Way? reg NY Times / Daniel Gross

Do companies owe a debt? reg Chicago Tribune via Charlotte Observer / Carlos Sadov

The Rise and Fall of Parma's First Family reg NY Times / Mark Landler and Daniel J. Wakin

Japan Buys Dollars and Braces for Higher Yen Bloomberg / David DeRosa

BOJ Spends Up to $10 Billion to Little Effect, Analysts Say Bloomberg

Industrial Bank May Get $40 Bln in 3rd China Bailout Bloomberg

UK: Order, gentlemen, please Guardian / William Keegan

UK: High street, low prospects Guardian / Heather Connon

UK: Parmalat: could it happen here? Guardian / Conal Walsh and Oliver Morgan

Incentives Lure Many to Quit, Even With a Lean Job Market reg NY Times / Louis Uchitelle

Grim Jobs News, Market Gain May Hint at Year to Come Pittsburgh Tribune Review / Gregory M. Drahuschak

Leftovers from 2003 a chewy assortment Pittsburgh Tribune Review / Jack Markowitz

An Open-and-Shut Case? Well, Not So Fast reg NY Times / Andrew Ross Sorkin

The No-Bang, All-Whimper Recovery reg NY Times / Gretchen Morgenson

How the Boomers Lost Their Way in the Bubble reg NY Times / Robert D. Hershey, Jr.

Pension cutbacks to expand in U.S. USA Today via Arizona Republic / Christine Dugas

G-10 Central Bankers May Discuss Dollar Weakness, Recovery Bloomberg

Quite a streak CNN / Justin Lahart

Pressure grows on Shell chairman to quit Guardian / Oliver Morgan 

UK: Profit warnings on the increase Guardian / Nick Mathiason

7 Held in South Korean Scandal reg NY Times / Samuel Len



The shift to a service economy is making flex time more common St. Louis Post Dispatch / Repps Hudson

TX: Used-homes sales hit record Houston Chronicle / Ralph Bivins

What we can and can't afford reg Dallas Morning News / Scott Burns

Retail sales expected to increase this year Milwaukee Journal Sentinel / Doris Hajewski

US Oil Hits $35, OPEC Calls for Stability Reuters via Washington Post

White House calls for O'Neill probe FT via Yahoo / James Harding

Schwarzenegger's Gamble Bond Buyer / Rochelle Williams

Countrywide reports robust fourth quarter Inman News

Building Shared Prosperity in the Americas International Monetary Fund / Horst Köhler

High-debt regret Kansas City Star via Wichita Eagle / Paul Wenske and Gene Meyer

EU welcomes US bid to revitalize stalled WTO talks AFP via EU Business

China's total trade volume hit US$851.2 billion last year People’s Daily

Canada: New home prices keep ticking up in November Ottawa Business Journal / Leo Valiquette

IA: The graying of today's work force Des Moines Register / Patt Johnson

Laid-Off Workers Just Can’t Find Comparable Jobs ABC News / Dean Reynolds

To Understand U.S. Jobs Picture, Connect the Dots, and Find the Dots reg NY Times / Louis Uchitelle

Cost of Bush Space Initiative Unclear Newsmax

Parmalat bondholders, bank creditors may join forces Reuters / Dane Hamilton

Brazil's currency, stocks soar on new bond deal Reuters via Forbes

Mad Cow Could Keep Cattle Prices Lower for Months reg Reuters via LA Times

CA: 3 Months, and Still No Deal: Latest Grocery Talks Collapse reg LA Times / James F. Peltz

CA: Secret grocery talks end abruptly San Diego Union Tribune / Frank Green

Volatile trading session for crude oil prices FT / Kevin Morrison

Cautious welcome for move to revive trade talks FT / Guy de Jonquières and Frances Williams

Treasury Dept. Urges Probe Over O'Neill Paper AP and Fox News

A trying year The Economist

U.S. consumer debt growth 'alarming' UPI via Washington Times

Red Hat raises $600 million with bond CNET / Stephen Shankland

Fox seeks to open U.S. borders Washington Times / Audrey Hudson and James G. Lakely

FL: `Help wanted' signs ahead as S. Florida job market heats up South Florida Sun Sentinel / Joan Fleischer Tamen

Paul O'Neill: Careless talk? BBC News

SEC may give fund boards an overhaul Knight Ridder via Buffalo News / Ken Moritsugu

UK house prices go into reverse BBC News

Trichet concern over rapid rise of euro FT / Tony Major and Ed Crooks

World Bank plans first yuan bonds in China: report China Daily

U.S. Property Taxes Can Be Cut as Home Prices Rise Bloomberg / John Wasik

Gold-Bull ... or Bear Crap? The Euro vs Dollar Currency War Monitor via Safehaven / Alex Wallenwein

Offshoring backlash rising CNN / Leslie Haggin Geary

Fast growth will remedy a "jobless" recovery National Review / Michael T. Darda

Brazil Names Citigroup, Deutsche for 30-Yr Bond Sale Bloomberg

Stocks fly high as dollar hits lows USA Today / Adam Shell

Factories suffer 41 months of layoffs USA Today via Prudent Bear / Sue Kirchoff

Consumer spending outlook stays solid USA Today / Barbara Hagenbaugh

CA: Budget cuts unlikely to affect economy They won't derail recovery, analysts say San Francisco Chronicle / Sam Zuckerman

Illegals get fresh outlook Cincinnati Enquirer / John Eckberg

Europe Catches Housing Bug With Record-Low Rates Bloomberg / Matthew Lynn

What’s in Store for 2004? National Review / Patricia A. Small

Government spending has offered 'respite' for tech firms FT / Paivi Munter

Tech's misplaced bet? CNN / Justin Lahart

Government spending has offered 'respite' for tech firms USA Today via Arizona Republic / Jon Swartz

Euro Declines as ECB Expresses Concern About Currency's Gains Bloomberg

Euro reverses as Trichet hints at intervention FT / Jennifer Hughes

UK: Brown faces pressure to scrap pension tax reg Telegraph / Nina Montagu-Smith

Parmalat family may be ousted as Bondi plans board clear-out reg Telegraph / Caroline Muspratt

U.S. Treasury Investors Pare Forecasts for Decline, Poll Shows Bloomberg

The politics of immigration US News / Lou Dobbs

Long road to Enron convictions Christian Science Monitor / Kris Axtman

US unemployment and the tyranny of aggregates Brookes News / Gerard Jackson

Why increased consumption hampered America's economic recovery Brookes News / Gerard Jackson

Industry reforms: first steps on a long road Christian Science Monitor / Thomas Watterson

Bond funds roll on despite rate-hike warnings Christian Science Monitor / Thomas Watterson

No rain on this parade Christian Science Monitor / Thomas Watterson

China suspends oil exports to Japan People’s Daily

China: GDP of minority-populated areas slightly above national average in 2003 People’s Daily

U.S. Dollar Poised to Fall Against Yen and Euro, Survey Signals Bloomberg

U.S. Following `Mahathir Doctrine' on IMF Bloomberg / William Pesek, Jr.

US job gloom dents recovery hopes Sydney Morning Herald / Colin Kruger

N.Z., Australian Dollars May Gain; U.S. Economy Adds Fewer Jobs Bloomberg



Year End Gold Review Tocqueville via Safehaven / John Hathaway

The Inflation Genie Daily Standard / Irwin M. Stelzer

O'Neill's revenge CNN / Mark Gongloff

Bankruptcy crackdown The Tennessean / Gethan Ward

Economics of Insurance: The Case of New Jersey Ludwig von Mises Institute / D. W. MacKenzie

Fed soothes jobs fear, says inflation mute Reuters via Yahoo / Alister Bull

Speech by Chairman Greenspan on Globalization Federal Reserve Board / Alan Greenspan

Treasuries rise as rate rise fears stay dormant FT / Jenny Wiggins, Paivi Munter and Mariko Sanchanta

Oil prices hit highest level since Iraq war FT / Kevin Morrison

Head of U.S. statistics bureau defends job count Reuters via Yahoo / Andrea Hopkins

Finance officials worried about damage caused by loonie, suspect lower growth CP via / Sandra Cordon

China Poses Trade Worry as It Gains in Technology reg NY Times / Steve Lohr

Treasury asks Congress to stop lease arrangements used for tax breaks AP via San Diego Union Tribune / Mary Dalrymple

U.S. may face EU trade sanctions AP via Philadelphia Inquirer / Naomi Koppel

Oil tops $35; OPEC calls for stability AP via CNBC / MSNBC

Dollar dilemma The Economist 

An illegitimate fix The Economist 

Ex-Treasury chief raps Bush's tax cuts Boston Globe / Charles Stein

Stage set for EU battle BBC News / Tim Franks 

The sleeping giant may be starting to awaken Seattle Post Intelligencer / Bill Virgin

Housing Economists See Drop in Home Sales AP via Newsday

Stocks See Cloud in Job Report's Silver Lining Bloomberg / Caroline Baum 

Greenspan Sees No Current Account, Dollar Crisis Bloomberg

United Utilities sells $350 mln in bonds Reuters

US Treasuries given little to trade on by Greenspan Reuters

NC: U.S. textile jobs down 10% in '03 reg Charlotte Observer / Tony Mecia

Why is the dollar falling? Seattle Times / Stephen Dunphy

Analysts fear airline industry trying to grow too quickly Chicago Sun Times / Brad Foss

UK: Standard Life bonds trading suspended Telegraph / Nina Montagu-Smith

Dollar steadies as Trichet comments resonate FT / Jennifer Hughes

Bitter cold saps US chain store sales Reuters

Meat workers are being laid off UPI via Washington Times

Tense Americas summit under way BBC News

MD: Area's home sales rose to record level during past year Baltimore Sun / Trif Alatzas

CO: DIA hangs tough Rocky Mountain News / David Kesmodel

AZ: State's bankruptcies up 7.4% Arizona Republic / Yvette Armenariz

Bank of America recommends fewer bond holdings Reuters 

European bourses recoups recent losses FT / Neil Dennis

Legal storm brews over EU budgets BBC News

US Treasuries steady in Asia, await Greenspan Reuters

The Latin America Factor in the Scandal at Parmalat reg NY Times / Tony Smith

Feds' stance spurs Shell's decision on reserves Houston Chronicle / Nelson Antosh

CNBC Imposes New Rules on Trading by Employees reg NY Times / Patrick McGeehan

Parmalat 'did $10bn of bogus deals' reg Telegraph / Bruce Johnston and Caroline Muspratt

'No need to panic' says BoJ governor Gulf Daily News

US prescribes free trade for the poverty ailing Latin America AFP via Channel News Asia

China's oldest bank writes off US$8.75 billion of bad loans Bloomberg via Taipei Times

Parma at heart of Parmalat's tangled web International Herald Tribune / Doreen Carvajal and Elisabetta Povoledo

Malaysia's Dec. Consumer Prices Probably Rose 1.2%: BN Survey Bloomberg

U.S. sees 90% drop in beef exports Reuters via International Herald Tribune

Do citizens really want these jobs? Christian Science Monitor / Daniel B. Wood

U.S. pushes to reopen global talks on trade NY Times via International Herald Tribune / Elizabeth Becker

Japanese Bonds Have Biggest Gain in 4 Weeks on Export Concerns Bloomberg

UK: MPs hit at Revenue measures to counter tax fraud FT / Nicholas Timmins

Sharp Currency Fluctuations Worry Europe reg Reuters via NY Times

Euro Drops; ECB's Trichet Says `Brutal' Moves Are Unwelcome Bloomberg

Russia: Kasyanov Sticks Up For Yukos On Taxes Moscow Times / Valeria Korchagina

Ruble Strengthens On a Falling Dollar Moscow Times / Alex Nicholson



The Heat Rises On Fannie And Freddie Forbes / Ira Carnahan

Report warns of 'dirty bomb' economic hit UPI / T.K. Maloy

Countrywide becomes primary dealer with Fed Reuters via Yahoo

First major tech earnings disappoint investors Reuters via Forbes / Ben Berkowitz

Housing sector likely to cool slightly in 2004 Pioneer Press

Emerging debt-Prices dive on supply indigestion Reuters via Yahoo / Walter Brandimarte

U.N. Forecasts Surge in World Economy AP via Yahoo / Edith M. Lederer

Canada Dollar Drops, Bonds Gain After Trade Surplus Tumbles Bloomberg

Minnesota Gov. Pushes $760M Bill Bond Buyer / Yvette Shields

OH: Few Signs Of Recovery Washington Post / Jonathan Weisman

KS: Soybean prices surge again reg Kansas City Star / Victoria Sizemore Long

Making Enemies Ludwig von Mises Institute / N. Joseph Potts

Weekly Mortgage Requests Rise Reuters via Yahoo Richard Leong

What comes after blowing the whistle? reg Orlando Sentinel / Susan Strother Clarke

There Were Earlier Signs of Trouble at Parmalat reg NY Times / Daniel J. Wakin

PC Shipments Reflect Improving Economy AP via Philadelphia Inquirer / Mark Pratt

Fed chief expects increase in jobs Washington Times / Patrice Hill

Gas prices jump and likely will stay up Washington Times / Tom Ramstack

Busted budgets, vented spleens The Economist

Job Creation in Mexico's Economy Is a Better Solution to the Migration Problem reg LA Times / James Flanigan

MD: State deficits shrink bribes to companies in jobs war Baltimore Sun / Jay Hancock

10-year Treasury yield sinks below 4% CNN

Despite campaign-season spin, deficits do matter Philadelphia Inquirer / Andrew Cassel

Weak dollar shrinks US trade gap BBC News

Greenspan admits US deficit could run out of control reg Telegraph / Edmund Conway

CA: Home Prices Soar 23.7% in Los Angeles County reg LA Times / Roger Vincent

Chile's Credit Rating Raised to A From A- by S&P Bloomberg

Latin Stocks and Bonds Slide After a Year-Long Market Rally Bloomberg

UK: Bank 'turned blind eye to BCCI fraud' reg Telegraph / James Moore

Former Enron Exec Fastow Pleads Guilty AP via Newsday Kristen Hays

Fed survey says inflation is under control FT / Christopher Swan

Panelists concur U.S. in great osition for long-term growth Chicago Sun Times

JP Morgan Buying Bank One AP via Newsday

Fitch rates new Colombia sovereign bond BB Reuters

Beige Book Federal Reserve Board

Conducting Monetary Policy at Very Low Short-Term Interest Rates Ben S. Bernanke and Vincent R. Reinhart

US Treasuries Slip Despite Inflation Data Reuters via Boston Globe / Wayne Cole

Retailers track down shoppers Detroit Free Press / Greta Gust

The Secret of Robert Rubin's Success Bloomberg / Michael Lewis

U.S. PIMCO wins Dutch pension fund bond contract Reuters

Market Rates Spur Mass. To Sell $1.1B Bond Buyer / Johanna Piazza

SBA resumes 7(a) program, for now Washington Business Journal / Kent Hoover

Dollar gains as market notes narrowing deficit FT / Jennifer Hughes

Gold continues its decline as dollar rallies FT / Shamal Ratnayaka

Section 6700 on Radar Bond Buyer / Susanna Duff Barnett

Six Reasons to Give Asian Debt a Good Look Bloomberg / William Pesek, Jr.

U.S. Economy: Trade Deficit Narrows, Producer Prices Stay Tame Bloomberg

Chile Peso Heads for Biggest Slide Against Dollar in 15 Months Bloomberg

Brazil Inflation Slows to 9.3% in Lula's First Year Bloomberg

The Asian put CNN / Justin Lahart

Euro Tumbles as Noyer Says Currency Sales `Always Available' Bloomberg

Indications are pointing to an overvalued market Dallas Morning News via Omaha World Herald

MA: Forecast reveals $1.7B hole in budget Boston Herald / Steve Marantz

Trade gap narrows unexpectedly Reuters via CNN

Treasury Troublemaker National Review / Bruce Bartlett

O’Neill’s Sour Grapes National Review / Larry Kudlow and James Higgins

British Jobless Rate Falls to Record Low AP via Morning Call

OPEC chief worried about soaring oil price Reuters via Toronto Star

SEC Uncovers Deals Between Brokers, Mutual Funds Washington Post / Brooke A. Masters

Japan: McDonald's to give away burgers Japan Times

Euro surge to top the agenda at G7 meeting Gulf Daily News

Trade declaration signed in Americas summit Al Jazeera

O'Neill generates buzz, but how much impact? Christian Science Monitor / Linda Feldman

When Refrigerators Talk Newsday / Lauren Weber 

Japan's November Current Account Surplus Rises 1.4% Bloomberg

A Treasury Secretary Scorned Newsmax / Joan Swirsky



Immigration argument needs work St. Paul Pioneer Press / Edward Lotterman

WI: U.S. Bancorp seen as ripe for next deal Milwaukee Journal Sentinel / Paul Gores

Blind, Deaf, and Lame Slate via MSN / Michael Kinsley

WI: Workers share struggles to find work Milwaukee Journal Sentinel / Joel Dresang

Canada: Loonie loses more ground Ottawa Business Journal

Canada's home resale market sets another annual record Ottawa Business Journal

Seoul defends economic maneuver UPI / Jong-Heon Lee

Emerging economies enjoy surge in private capital AFP via Yahoo

Fed sees steady rates, gradual pickup in jobs Reuters via Yahoo / Victoria Thieberger

Fed's McTeer-Jobs will come if growth continues Reuters via Yahoo

Argentina to help bondholders find seizable assets Reuters via Yahoo / Hugh Bronstein

U.S. Household Net Worth Grew To $42.05 Trillion in 3Q Dow Jones via Quicken

OH: Area sales of homes set record Akron Beacon Journal / Gloria Irwin

Sitting on a String Lew Rockwell / Gary North

Is Fleet specialists Fleecing Big Board Floor Brokers NY Post / John Crudele

Association Forecasts Slower Issuance in 2004 pdf Bond Market Association

Santomero says Fed must move before seeing inflation CBS Market Watch / Greg Robb

Enron's Lay 'betrayed' by Fastow, lawyer says Reuters via USA Today

Look Out, Beijing, Here Comes the Colonel Newsmax

CA: Bond to slash deficit is trailing Sacramento Bee / John Hill

Z1: Flow of Funds Accounts of the United States Federal Reserve

Turning off the stadium spigot CNN / Chris Isidore

Business Outlook Survey Federal Reserve Bank of Philadelphia

Germany suffers first recession in 10 years FT / Tony Major

More Workers Are Likely to Retire Without Company Health Benefits reg LA Times via Prudent Bear / Debora Vrana and Vicki Kemper

Struggling With the Falling Dollar reg NY Times / Mark A. Stein

Mortgage rates dip to 6-month low CNN

Pension insurance program posts $11.2B deficit in 2003 AP via USA Today

Iraqi dinar reaches post-war high BBC News

UK: 80% of people 'plan to change banks' Guardian / Sandra Haurant

EU seeks sanctions against US Guardian / Mark Tran

DIARY-U.S. Treasuries, Friday, Jan. 16 Reuters via Forbes

The Big Mac index The Economist

Banks warn on emerging markets FT / Alan Beattie

Gold slides as dollar strengthens FT / Kevin Morrison

US to fight EU sanction request BBC News 

Why Is That Dollar Bill in Your Pocket Worth Anything? reg NY Times / Hal R. Varian

New York judge to decide Argentine bond question Reuters via Forbes / Hugh Bronstein

UK: Revenue closes bonds tax loophole Evening Standard via This Is Money

U.S. Trade Miracle -- Prices Unchanged Bloomberg / Caroline Baum 

Trying times The Economist

Bonds mixed on economic reports CNN 

Economic Freedom Is In National Review / Ed Feulner

Dimons and rust CNN / Justin Lahart

J.P. Morgan's Purchase May Herald More Bank Mergers Bloomberg

Dick, Jamie, Sandy, Elliot And Mr. Reed Forbes / Dan Ackman

Enron's 'dogs and ducks' turn up piggies Toronto Star / Jennifer Wells

Treasury Department to Redeem Older Bonds AP via Newsday

Are Expectations Too High? Prudent Bear via Safehaven / Chad Hudson

NY: Give Me Your ... $5 Million, Please Newsday / Elizabeth Sanger

Bandits and Loopholes Ludwig von Mises Institute / Llewellyn H. Rockwell, Jr.

German Economy May Have Contracted for First Time Since 1993 Bloomberg

China's foreign direct investment hits US$53bln in 2003 People’s Daily

China: Trade between mainland, Taiwan hit US$58b People’s Daily

Russia: Shakhnovsky Tax, Fraud Trial Opens Moscow Times / Valeria Korchagina

Parmalat Units in Netherlands Under Scrutiny for Bond Sales reg NY Times / Gregory Couch

Consumers hit hard by rising utility bills Christian Science Monitor / Ron Scherer

US financial power: a bang and a whimper Christian Science Monitor / David R. Francis

Australia: Traders recall sinking feeling as market adjusts to rogues Sydney Morning Herald / Scott Rochfort

Dr Greenspan on deficit: don't worry, be happy Bloomberg via Sydney Morning Herald

More firms move jobs to India Gulf Daily News

Italy's `Pitiful' Accounting Helped Parmalat Hide Phony Assets Bloomberg