Bondhead News Archive

June 01 – June 30


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The Master Builder Time / Jyoti Thottam

AMF Strongly Supports SEC's Proposal Disclosure by Mutual Fund Managers BMA

Statement by Bill Gross, PIMCO CIO and Founder, and Bill Thompson, PIMCO CEO Pimco

PIMCO Dismissed from New Jersey Lawsuit Pimco / Mark Porterfield

Qwest board hides out in plain sight Denver Post / Al Lewis

'Economics clicked' for key adviser USA Today / Barbara Hagenbaugh

Planned layoffs rise again in May Reuters via USA Today

Why all market bubbles end with a bang CNBC-MSNBC / Jim Jubak

MSRB Details Real-Time Price System Bond Buyer / Lynn Hume

Fannie Mae to Break Ground in Auction-Rate Securities Market Bond Buyer / Michael McDonald

WI: $59,900 condo may be city's cheapest Wisconsin State Journal / Marv Balousek

CA: Housing starts up 16.2% LA Daily News / Gregory Wilcox

Clobbered by the cost of concrete Sacramento Business Journal

Layoffs raise a question mark Globe and Mail / Mathew Ingram

The right asset mix CBS Market Watch / Puaul Merriman

OFHEO house price index OFHEO pdf

Pimco to Settle N.J. Market-Timing Charges AP via Hartford Courant / Jeffrey Gold

Corruption of the Markets via Safehaven / Nelson Hultberg

Soros Admits Donating $16 Million to Defeat Bush Newsmax / Jon E. Dougherty

Pay soars for Wall Street executives Newsday via Seattle Times / Pradnya Joshi

Overseas brokerages post record profit in Japan Bloomberg via IHT / Takahiko Hyuga

Runaway oil prices put ECB in dilemma on rates Agence France-Presse via MENAFN / Simon Morgan

Why Gas Prices Are Too Low Washington Post / David Ignatius

UAE to double oil output by 2006 Khaleej Times / Salah Eldin Eltayeb

Bahrain fastest growing financial centre Bahrain Tribune via MENAFN

Brazilian Real Rebounds on Exports, Trade: Latin Currencies Bloomberg / Romina Nicaretta

Canadian Bonds Fall Third Day as Economic Growth Accelerates Bloomberg / Vivianne Rodrigues

CIBC, Dart Suit Against Brazil on Bonds Can Proceed Bloomberg / Jeb Blount

Book says Greenspan dead wrong about 'exuberance' Chicago Sun Times / Jonathan Hoenig

Another oil shock? The Economist

Got (a lot of cash for) milk? Westchester Journal News via USA Today / Jerry Gleeson

NY: Ferries impose fuel surcharges Newsday / Jamie Herzlich

Oil surges to record high $42.38 Reuters via Forbes / Robert Gibbons

Argentina Improves Debt Offer With Past-Due Interest Bloomberg / Daniel Helft

Argentina makes new offer on debt BBC News

Brazilian May Trade Surplus Surges to Record $3.1 Bln Bloomberg / Carlos Caminada

After a beating, REITs appear set to improve Philadelphia Inquirer / Henry J. Holcomb

A Bigger Reward in Buying and Holding LA Times / Tom Petruno

Martha 101: Teaching Housecleaning To The Poor Forbes / Dan Ackman

Karmazin Steps Down at Viacom as Succession Plan Emerges NY Times / Kenneth N. Gilpin

Construction spending, manufacturing activity up AP via Dallas Morning News

Dooh Nibor Economics NY Times / Paul Krugman

Grading the President NY Times / David Brooks

Fed Takes Close Look at Inflation Bloomberg / John M. Berry

U.S. home prices grow 7.7 pct during 1st-qtr-OFHEO Reuters

U.S. Treasuries slip on strong employment index Reuters

Top Housing Economists Predict Strong Homeownership Growth in 10-Year Analysis Freddie Mac

OPEC not the power it once was Dallas Morning News via Wichita Eagle / Sudeep Reddy

Lavish Weddings Are Least of India's Headaches Bloomberg / Andy Mukherjee

U.S. May ISM Manufacturing Index Rises to 62.8 From 62.4 Bloomberg / Carlos Torres

Job cut plans rise CNN

Investor Tom Au Tells Sad Tale of Market Lemmings Bloomberg / Chet Currier

U.S. Treasuries Decline Before Monthly Manufacturing Report Bloomberg / Elizabeth Stanton

The Fund's golden Rato The Economist

Dollar on skids as oil price gushes higher FT / Steve Johnson

Oil surges $1.50 after Saudi attack Reuters via Forbes / Toby Reynolds

No More Nice Guys Forbes / Scott Woolley

Germany Discovers That Even Lame Ducks Have Wings Bloomberg / Matthew Lynn

Offshoring by the Numbers / Don Durfee and Kate O'Sullivan

Gilt prices fall as investors play catch up FT / Päivi Munter

Indian Bonds May End 5-Year Rally as Government Spending Rises Bloomberg / Sam Nagarajan

Rising exports narrow Australian trade deficit Bloomberg via IHT


Monetary Policy Prospects pdf Federal Reserve Bank of Dallas / Evan F. Koenig

Highway fundung a political drug UPI / Hil Anderson

Main Street vs. Wall Street? Standard / Irwin M. Stelzer

Economic Growth in a Shrinking World IMF / Anne Krueger

Up in Smoke Stacks National Review / Larry Kudlow

Emerging market debt trade jumps FT / Päivi Munter

A whiff of inflation? Globe and Mail / Mathew Ingram

FL: Tricounty agencies plan to cooperate on goals Miami Herald / Gregg Fields

CA: Home price pace slows San Francisco Chronicle / Kelly Zito

London subway workers to strike on EU election day AFP via EU Business

Yen Edges Up as Nikkei Stocks Rise Reuters via ABC News

Gross calls sparring with attorney general 'a fight to the finish' Orange County Register / Jonathan Lansner

Verizon Needs To Duke It Out In the Market Washington Post / Steven Pearlstein

You cant fire me, I quit: Karmazin NY Post / Tim Arango

High-yield bonds hit turbulence Telegraph / Paul Farrow

New Issue-GMAC launches samurais in two tranches Reuters

Seagate planning to cut 2,900 jobs worldwide Bloomberg via Minneapolis Star Tribune / John Stebbins

Qwest buys naming rights to Seattle NFL stadium AP via Denver Post / Tim Booth

Chip sales jump 37% worldwide Mercury News / Therese Poletti

Airlines' lowest fares are great - if you get them Philadelphia Inquirer / Jeff Gelles

CO: Regional economic index suggests slowed recovery Denver Post / Aldo Svaldi

TX: Oil prices won't help Texas much Dallas Fort Worth Star Telegram / Mitchell Schurman

Nader struggles to break state ballot barriers / Eric Kelderman

Treasuries edge lower as payrolls data loom FT / Jennifer Hughes, Paivi Munter and Barney Jopson

Immigrant Assimilation: Is the U.S. Still a Melting Pot? Federal Reserve Bank of Dallas / Pia Orrenius

JPMorgan Chase Vice Chairman to Retire AP via ABC News

Morgan Stanley Payout Questioned Bloomberg via LA Times

Discounting drives strong auto sales; price war continues Reuters via USA Today

As OPEC gears up, crude slips back below $40 Reuters via Houston Chronicle

Gas prices around the world CNN

US and UK call for oil production boost Guardian / Mark Tran

High oil prices the 'new reality' Financial Post via / Kate Macnamara And David Berman

Harvard needs you Boston Globe / Steven Bailey

HealthSouth auditors uncover immense fraud Baltimore Sun

UK: Consumer debt 'will top £1,000bn' this month Guardian / Sandra Haurant

Jobs index climbs to 31-year high Milwaukee Journal / Joel Dresang

Two-faced inflation CNN / Mark Gongloff

Greenspan: gradual pace to rate hike Reuters via CNN

Pity the CEO scraping by on just a few million a year Baltimore Sun / Jay Hancock

Break Up the Big Four? / Joseph McCafferty

General Motors' May U.S. Auto Sales Increased 6.5 Percent Bloomberg / Bill Koenig

Home Value Growth Remains Vigorous Going Into Middle of Year Freddie Mac

Our Financial Reckoning Lew Rockwell / Doug French

Bush’s political problem is on the domestic side National Review / Bruce Bartlett

OPEC Members Should Pump at Will, Qatar Minister Says Bloomberg / Stephen Voss

The Fed Cannot Fix Itself Ludwig von Mises Institute / Frank Shostak

Argentine Bonds Fall as Creditors Reject Debt Offer Bloomberg / Daniel Helft

Moody's Offers a Word of Caution on Municipal Swaps Bloomberg /  Joe Mysak

Gilts recover after UK borrowing data FT / Päivi Munter

U.S. Treasuries stay on defensive, jobs in mind Reuters / Wayne Cole

Gas prices down, but for how long? CNN

U.K. Employment Paradise Is a Matter of Semantics Bloomberg / Matthew Lynn

Personal debt in UK reaches 'alarming' levels FT / Anna Fifield

Making It Work / Roy Harris

Dollar Falls Against Euro, Yen as Crude Oil Trades Near Record Bloomberg / Mark Tannenbaum

More working parents play 'beat the clock' Christian Science Monitor / Marilyn Gardner

US runs a high-tech trade gap Christian Science Monitor / David R. Francis

China and India Test `Asian Airplane' Theory Bloomberg / William Pesek Jr.

UK: Through the roof Telegraph / Liz Dolan

UK: Shoppers refuse to drop Guardian / Charlotte Moore

UK: All eyes on the Bank as retail sales surge Telegraph / David Litterick

U.S. Treasury Notes May Fall After Manufacturing Index Rises Bloomberg / Beth Thomas

Morgan Stanley to Expand in Russia Bloomberg via Moscow Times / Guy Faulconbridge and Todd Prince

Russia: Yukos Plunges 10%, Indices Fall to 2004 Lows Moscow Times

Australian Central Bank Keeps Interest Rate at 5.25% Bloomberg / Victoria Batchelor


Caution: Market at work Dallas Morning News / Danielle DiMartino

Mutual fund mystery: Some have vanished USA Today / John Waggoner

Sears misses retailing rebound Chicago Tribune / Betsy Yerak

Oil Hits Airlines, Lawmakers Cool to Aid Reuters / Peter Kaplan and Susan Cornwell

Goodyear CEO gets $509,200 '03 bonus Akron Beacon Journal

Moody's raises Tyco debt to investment-grade Reuters

CA: Now That's a High Bid Bond Buyer / Rich Saskal

NY: Pataki Plans New Agency For Javits Bond Buyer / Michael McDonald

UK: Gas pushing $6 a gallon in Britain AP via Tallahassee Democrat / Thomas Wagner

Indonesia rescinds its ban on U.S. beef Wichita Eagle / Phyllis Jacobs Griekspoor

Strong jobs data could trigger Fed move CNBC-MSNBC / Martin Wolk

More inflationary pressure US News / Paul J. Lim

Where Are We Along the Inflation/Deflation Curve? Clif Droke Market Analysis via Safehaven / Clif Droke

Oil sticker shock a windfall to energy-rich states / Pamela M. Prah

Bank Secrecy Act enforcement Federal Reserve Board / Susan Schmidt Bies

IASB reform Federal Reserve Board / Susan Schmidt Bies

CA: How much for medicine? Depends on where you buy San Francisco Chronicle / Victoria Colliver

PA: Jobs data for Philadelphia almost fall to U.S. budget-cutters Philadelphia Inquirer / Bob Fernandez

CA: High-end home sales in the Fresno area are hitting records, experts say Fresno Bee / Lisa Aleman-Padilla and Tracy Correa

House OKs re-employment account program AP via Baltimore Sun / Jim Abrams

GM upbeat on prospects AP via Buffalo News / John Porretto

US Treasuries buffeted by economic data FT / Ivar Simensen

Oil vs. jobs CNN / Mark Gongloff

Americans skeptical on job market CNN / Chris Isidore

Hair-raising The Economist

GDP per person The Economist

Je t'aime, ich auch nicht The Economist

Becoming a serious country The Economist

Putting the world to rights The Economist

Brokerages face pressure to drop in-house funds CBS Market Watch /  Jonathan Burton & Kathie O'Donnell

Platinum and palladium The Economist

Was Tenet pushed? The Economist

Britons rack up £1m debt every four minutes Guardian / Rupert Jones

Bilderberg: The ultimate conspiracy theory BBC News / Jonathan Duffy

EU will never become another US Taipei Times / Wea Chi-lin

World Bank Pledges 3-Year Loan to Russia NY Post / Maria Danilova

Exchange Rates and the Economy NY Times / Hal R. Varian

Trade Theory vs. Used Clothes in Africa NY Times / Carter Dougherty

Passing the fuel buck CNN / Mark Gongloff

Got the Oil Jitters? National Review / Tom Nugent

Greenspan coy on pace of rate boosts CBS Market Watch / Rex Nutting

Fed Suggests Past Won't Be a Guide for Its Moves NY Times / Edmund L. Andrews

Productivity grows at 3.8 percent rate in 1st quarter AP via Newsday

Economy is starting to mend; no, really Seattle Post Intelligencer / Bill Virgin

Services growth slows, but job prospects improve in May Reuters via USA Today

Nation's retailers report robust sales in May AP via USA Today

Mortgage Applications Rise, Refinancings Fall Reuters via LA Times

Eisner still hopes for Pixar deal LA Daily News via Orlando Sentinel / Greg Hernandez

U.K. Bond Buyers Should Demand Takeover Defenses Bloomberg / Mark Gilbert

Argentina's Offer Insults Its Bondholders Bloomberg / David DeRosa

Eurozone bond prices up after ECB holds rates FT / Ivar Simensen

US Treasuries inch ahead, still vulnerable to data Reuters / Wayne Cole

Taking Stock NY Post / John Crudele

UK: Wooing the grand old lady The Economist

European Central Bank Holds Rates Steady AP via Hartford Courant / David McHugh

TX: Storm-damage claims widespread Dallas Fort Worth Star Telegram / Jim Fuquay

CA: CalSTRS takes global view Sacramento Bee / Gilbert Chan

Productivity and Costs, First Quarter 2004, Revised BLS

Unemployment Insurance Weekly Report Dept. of Labor

China: Enterprises encouraged to invest overseas People’s Daily

New Federal Aid for Home Buyers Washington Post / Sandra Fleishman

Rolling on the River Ludwig von Mises Institute / Erich Mattei

DC: Area's Economy Continues Its Strong Surge Washington Post / Neil Irwin

Merrill Lynch Explores Sale of a Big Stake in Its Fund Unit NY Times / Landon Thomas, Jr.

Bank One takeover prompts top departure at JP Morgan FT / David Wighton

Russia: LUKoil: Reserves Are Huge in Russia's Sector of Caspian Moscow Times

Why oil prices are stubbornly high Christian Science Monitor / Ron Scherer

If Only.........Gold, Silver!!! Thunder Capital Management via Safehaven / Richard Greene

On everyone's radar Christian Science Monitor / Gregory M. Lamb

Dollar Strengthens as Reports May Show Improving Jobs Market Bloomberg / Taizo Hirose

Indonesian Bond Sales Scrapped as Rupiah Plunges, Yields Soar Bloomberg / Gavin Serkin and Claire Leow

Coffee quandary Newsday / James Toedtman

Drop in price of oil helps dollar rebound Bloomberg and Reuters via IHT

Japan's Companies Raised Spending 2.9% in 1st Quarter Bloomberg / Lily Nonomiya

Adelson's Vegas Showgirls Take on China's Ho Bloomberg / William Pesek Jr.



Barclays Pays Up For Top Mortgage Talent Bond Week / Gowri Gurumurthy

Many positive factors are holding inflation at bay St Louis Post Dispatch / David Nicklaus

The Outlook for Inflation Federal Reserve Board / Donald L. Kohn

Libya supplies US with oil again BBC News

Lenders shun Argentina debt plan BBC News

Pledges on debt relief likely to fall short FT / Christopher Swann

China Must Float Currency for New Status, Evans Says Bloomberg / Mark Drajem

Analysts doubt Legg would do Merrill deal Baltimore Sun / Paul Adams

Conviction of a salesman Denver Post / Al Lewis

Lenders' U.S. offices geared for houses south of border San Diego union Tribune / Sandra Dibble

CO: Homes showing poor increase in value Rocky Mountain News / John Rebchook

CA: Stem-Cell Bond Goes on California's Ballot AP via Newsmax

AK: Bush budget cuts will hurt those who serve country in war, veterans say Arkansas News Bureau / Wesley Brown

U.S. rate hike likely amid jobs rebound UPI / Shihoko Goto

Fed: Economy Not on Brink of Inflation AP via Newsday Jeannine Aversa

U.S. Treasuries Drop After Economy Adds More Jobs Than Forecast Bloomberg / Monee Fields-White

AZ: Economists at UA differ on outlook Arizona Republic / Jonathan J. Higuera

MN: It cost more to get going, but the tough still went shopping Minneapolis Star Tribune / Melissa Levy

Strong jobs growth could trim profits CNN / Chris Isidore

Surviving the Weinsteins CNN / Krysten Crawford

Your cell company knows you hate it AP via Houston Chronicle

Auto Incentives Not Soon Going Away AP via Newsday / John Porretto

Pumping from one giant tank Philadelphia Inquirer / Andrew Cassel

Venezuela Says OPEC Needs Higher Prices, Seeks Oil Above $30 Bloomberg / Peter Wilson

2005 Russian oil production to stay flat AP via Houston Chronicle

Brazil's Real Gains Third Day in Four After U.S. Jobs Report Bloomberg / Jeb Blount

Grasso publicly defends compensation Reuters via CNN

Recalling Chávez The Economist

Housing: Too Good to be True Ludwig von Mises / Mark Thornton

US dollar weakens after payrolls data FT / Steve Johnson

FL: For British, area homes are a steal Orlando Sentinel / April Hunt

NY: High Rise Prices NY Post / Anne Becker

CA: CalSTRS' shortfall will hurt some retirees Sacramento Bee / Gilbert Chan

Maytag to cut 20% of salaried workforce Reuters via FT

More mergers ahead? Washington Business Journal

Treasuries shrug aside strong payrolls data FT / Jennifer Hughes

MN: Dairy data show Minnesota farms dwindling Minneapolis Star Tribune / Joy Powell

FL: Visitors are back in force Orlando Sentinel / Jerry W. Jackson

Hubbert’s Holes National Review / Victor A. Canto

Who Killed Auction Sale in the Municipal Market? Bloomberg / Joe Mysak

US junk bond funds see $565 mln weekly inflow Reuters

Costs Aren't Cause of Higher Prices. Demand Is Bloomberg / Caroline Baum

A Taint on Hedge Funds Too, Says Mutuals' Stevens Bloomberg / Chet Currier

Home Depot to buy some Kmart stores CNN

TN: Condo project shows interest in city living Tennessean / Kathleen Carlson

TX: After the storms Dallas Fort Worth Star Telegram / David Wethe

Employment Situation Summary Bureau of Labor Statistics

Futures see jobs data helping Fed to be "measured" Reuters / Ros Krasny

Fed rate rise in June seen a done deal after jobs Reuters / Victoria Thieberger

Blame U.S. Consumers, Not OPEC Forbes / Dan Ackman

Oil under $39 after OPEC opens the taps Reuters via Forbes

Japanese Bonds May Drop for Seventh Day After Stocks Gain Bloomberg / Chris Cooper

Yen Heads for Weekly Loss as China Signals It Will Damp Growth Bloomberg / John Brinsley

European Central Bank keeps interest rates on hold FT / Tony Major

China: Macro-economic control begins to pay off: Premier People’s Daily

Oil Price May Fall on OPEC's Pledge to Boost Supply Bloomberg / Soozhana Choi and Sri Jegarajah

Australia: Bonds continue strong performance Sydney Morning Herald

A Giant So Big It's a Proxy for India's Economy NY Times / Saritha Rai

Nestle Is Considering an Offer for General Mills, People Say Bloomberg / Dan Lonkevich

Disney in talks to sell stores FT / Christopher Parkes

Russia: Fradkov Makes a Pitch for Honesty Moscow Times / Alex Fak

Russia: Tax Police Raid Yukos Headquarters Again AP and Reuters via Moscow Times

A return to the '70s on oil? NY Times via IHT / Floyd Norris

India's Interest Rates Are Hostage to Politics Bloomberg / Andy Mukherjee


As we bloat with debt, enablers egg us on Houston Chronicle / Loren Steffy

UK: Rate goes where bankers fear to tread Telegraph / Faith Dewey

Could General Mills be in play? Minneapolis Star Tribune / Chris Serres

TX: As out-of-pocket health costs rise, workers sticking hospitals with bills Houston Chronicle / L.M. Sixel

Job growth is fine but productivity matters too Globe and Mail / Mathew Ingram

The Unwinding of the Carry Trade Thoughts from The Frontline via Safehaven / John Mauldin

Some Questioning Oil Reserve Policy AP via Chicago Tribune / Bruce Meyerson

CA: Moody's raises bond outlook for UC system AP via County Register

AK: Bonds bill benefits gold mine Anchorage Daily News / Paula Dobbyn

The Goldilocks economy CNN / Mark Gongloff

Thief admits he was hooked on commodities AP via Dallas Fort Worth Star Telegram

CA: For luxury homes, it’s a buyer’s market Santa Cruz Sentinel / Heather Boerner

WA: Yakima apple growers turn land over to hay Yakima Republic via Seattle Times / Benjamin Romano

Only Iraqis Get Cheap Gas Despite Forecast AP via Charlotte Observer / Jim Krane

BofA giving ID to brokers Charlotte Observer Rick Rothacker

Stalled Corporate Tax Bill Gets $10 Billion Sweetener NY Times / Edmund L. Andrews

Boomers to step aside? AP via Arizona Republic / Dave Carpenter

CalPERS to help lead NYSE suit Sacramento Bee / Gilbert Chan

New drive for energy legislation Houston Chronicle / David Ivanovich

Dollar Falls a 4th Week Versus Euro; Traders Expected More Jobs Bloomberg / Mark Tannenbaum and Heather Bandur

U.S. 10-Year Treasury Falls for First Week in 4 on Jobs Growth Bloomberg / Monee Fields-White

MD: AmeriDebt files for bankruptcy AP via Baltimore Sun / Foster Klug

Outsourcing Tricky With Taxpayer Money AP via Baltimore Sun / Allen G. Breed

Colorado aspires to be world's fuel-cell capital Rocky Mountain News / Gargi Chakrabarty

1 million new jobs in three months brighten picture NY times via Houston Chronicle / Kenneth N. Gilpin

Pendulum swings back to bankers Guardian / Edmund Warner

CT: Pipe Dream or Problem? NY Times / Riva D. Atlas

CT: Jobs Multiplying Hartford Courant / Kenneth R. Gosselin

China Pledges to Use More Alternatives to Oil and Coal NY Times / Mark Landler


Legg Mason analysts rated high in 2 big surveys Baltimore Sun / Jay Hancock

High debt levels can boost economy, but at what price? Dallas Morning News / Danielle DiMartino

Gas tax has its advantages Santa Cruz Sentinel / Jeffrey Scharf

Credit rating agencies face tougher controls FT / Jenny Wiggins

Dollar Hits 2-Month Low Vs Euro Reuters / Hideyuki Sano

Auto jobs ripe for export? Buffalo News / Jeffrey McCracken

GM to Pour Billions Into China Reuters

U.S. addiction to oil puts it at mercy of risky characters San Francisco Chronicle / David Lazarus

Can OPEC deliver? If not look out for $50/Barrel NY Post / Terry Keenan

Defending a Colossal Flop, in His Own Way NY Times / Andrew Ross Sorkin

Greenback weakens against euro despite US job data AFP via Taipei Times

What -if anything - to do when your fund manager bails out AP via The State / Michael J. Martinez

Removing Chavez may disrupt the US economy: analysts AFP via Taipei Times

Dollar May Decline Against Euro, Yen, Bloomberg Survey Shows Bloomberg / Heather Bandur

You need an up-to-date bond view Toronto Star / Pat McKeough

TIPS Look Pretty Pricey Wall Street Journal via Denver Post / Aaron Lucchetti and Ian McDonald

Stocks Might Shake Summertime Blues Wall Street journal via Denver Post / Erin Schulte

Proposal being considered in Congress may end fixed-rate student loans AP via Jacksonville Democrat / Justin Pope

MN: A buying slowdown Minneapolis Star Tribune / Jim Buchta

Canada: Cottage sales piggy-back on real estate boom CP via Toronto Star / Malcolm Morrison

IL: Poorer areas hungry for supermarkets Chicago Tribune / Rhasheema A. Sweeting

Boomers face lifetime of working Washington Post via The Sun / Abigail Trafford

More families banking on loans to pay college costs AP via Arizona Republic / Ben Feller

Private funds admitting some retail investors Chicago Tribune / Bill Barnhart

Hedging Your Bets The Advocate via Hartford Courant / Peter Healy

Rising rates could help savers, hurt borrowers AP via Pittsburgh Tribune Review / Eileen Alt Powell

Economy getting itself in order Pittsburgh Tribune Review / Jack Markowitz

Korea: Large Foreign Equity Investment Misleading Korea Times / Cho Hyung-kwon

Wholesale and Import Prices Rise on Oil: U.S. Economy Preview Bloomberg / Carlos Torres

Banks sweeten home equity deals LA Times / Kenneth R. Harney

FL: Condo-mania by the sea South Florida Sun Sentinel / Robyn A. Friedman

Prices of homes in New York's Hamptons rise with rebound on Wall Street bonuses Bloomberg via Boston Globe / Kathleen M. Howley

CO: Workers find life after layoffs Denver Post / Al Lewis

Panama Feels Squeeze Over Canal Expansion LA Times / Carol J. Williams

A China Trade Deal for the Yuan to Float? Bloomberg / David DeRosa

Lockboxes, Iraqi Loot and a Trail to the Fed NY Times / Timothy L. O’Brien

South Korea Business Confidence Lowest in 10 Months, Poll Shows Bloomberg / Meeyoung Song

Rising Inflation and Rising Stocks? Why Not? NY Times / Mark Hulbert

Adding Value to Immigrants' Cash NY Times / Elizabeth Becker

IRA turns 30 years old, and still looks good Providence Journal / Hank Ezell

Will the G-8 Look Beneath The Surface? NY Times

The Scandal That Refuses To Go Away NY Times / Gretchen Morgenson

What if... Guardian - Observer / Oliver Morgan

Time to pour oil on troubled waters Telegraph Roger Bootle

West looks to Russia for a crisis solution Guardian - Observer / Conal Walsh

HSBC under fire for £9bn US failure Guardian - Observer / Richard Wachman

UK: Bloomberg made donations to Labour Telegraph / Guy Dennis



Where is the Horror? Safehaven / Magnus Ekervik

The effects of $80 oil UPI / Martin Hutchinson

Fed OKs banks' 'bounce' services NY Times via Minneapolis Star Tribune / Alex Berenson

TN: Million-dollar-plus homes built on faith and a plan Tennessean / Kathleen A. Carlson

New jobs don't add up to much Dallas Morning News / Danielle DiMartino

Cheney: make tax cuts permanent CNN

Reaganomics lives on CNN / Kathleen Hayes

The legacy of 'Reaganomics' Wall Street Journal via South Florida Sun Sentinel / David Wessel and Gerald F. Seib

Survey: CEOs plan to expand, raise prices Sacramento Business Journal

Canada: Slow border 'dire' for Canada Financial Post via / Chris Sorenson

Canada: Building permits soar Globe and Mail / Terry Weber

Canada: Greenback stable after last week's retreat Ottawa Business Journal

Russia comes to G8 summit with WTO membership in mind AFP via EU Business

Offshore Outsourcing of Data Services by Insured Institutions & Associated Consumer Privacy Risks FDIC

Dow fouls out when Lakers win NBA NY Daily News via Wichita Eagle / Daniel Dunaief

MGM Mirage, Mandalay bonds fall on acquisition bid Reuters

Most Oppose MSRB's Plan On Hired Help Bond Buyer / Lynn Hume

Full Market Close Friday, June 11 Bond Market association

Dollar up again in May Federal Reserve Bank of Atlanta

Consumer Credit Federal Reserve Board

Fed: Credit card use dipped in April UPI via Washington Times

Oil prices continue slide to nearly $38 a barrel Reuters via Houston Chronicle

May Co. is secretive suitor for former Dayton's Minneapolis Star Tribune / Thomas Lee

McDonald's Sales Growth Continues AP via ABC News

Canada: Investment dealers fine HSBC Securities manager for faulty supervision CP via

UK: Endowment crisis hurtles towards 'meltdown' Telegraph / Paul Farrow

Pentagon warns, more wars, big deficits, boomers at risk CBS market Watch / Paul B. Farrell

IL: Fourth-graders protest cocoa harvest Chicago Tribune / Stephen Franklin

Turkey waste turned into oil Newsday / Dan Fagin

Emerging debt on edge ahead of Fed move Reuters / Greg Brosnan

Global junk bond default rate drops in May: S&P Reuters

NV: Hot Vegas Lew Rockwell / Doug French

Canada: Home building hits new ceiling CP via Toronto Star

Is Real Estate as Bad as Everyone Says? Clif Droke Market Analysis via Safehaven / Clid Droke

Thomson selling trade publications Globe and Mail / Terry Weber

Restructuring the superpower The Economist

Mexico City to Sell First Peso Bonds This Year, Herrera Says Bloomberg / Andrew J. Barden

Beijing's rhetoric could hurt its economy Taipei Times / Amber Chung

Mutual fund shareholders need to hang on Oakland Tribune / Cliff Pletschet

Mexico Peso Rises to One-Month High; Traders Pare Bets on Drop Bloomberg / Jennifer Coogan

Enough of the Good Job News. Let's Hear the Bad Bloomberg / Caroline Baum

The only thing that will make the furor over offshoring worse is hiding from it / Kris Frieswick

Fidelity boss says funds did stupid things Bloomberg via Detroit Free Press / Richard Teitelbaum and Aaron Pressman

Bank of England May Raise Interest Rate on Thursday Bloomberg / Julia Kollewe

The Human Impact of Factor Mobility Ludwig von Mises Institute / Clifford F. Thies

A creaking partnership The Economist

Yen Advances Against Dollar, Euro After Japanese Stocks Soar Bloomberg / Heather Bandur

The first post-Enlightenment president? The Economist

Is the world's oil running out fast? BBC News / Adam Porter

The Lowdown On High Oil Prices Forbes / Paul MAidment

Reaganomics Won the Day National Review / Stephen Moore

Fed Will Raise Rates By a Quarter Percentage Point Bloomberg / John Berry

G-7 Should Invite China Into Club Bloomberg / William Pesek Jr.

UK: Employers signal increase in rates Telegraph / Edmund Conway and Philip Aldrick

UK: Tighter rein required on Britain's runaway debt Guardian / Larry Elliott

Russia: Another Bank Goes Out of Business Moscow Times / Alex Fak

Gold May Rise as Oil Costs Seen Spurring Inflation, Survey Says Bloomberg / Choy Leng Yeong

Shadow of terror falls over oil industry Guardian via Taipei Times / Terry Macalister

Russia: Regulator: Oil Prices Just Fine Bloomberg via Moscow Times

Dirty little secret of IT outsourcing Minneapolis Star Tribune / Nick Eian

Will Greenspan's monetary policy lead to a healthier economy? Brookes News / Frank Shostak

Dollar Falls; Concern Fed Won't Raise Interest Rate Fast Enough Bloomberg / John Brinsley

Where to go as interest rates rise Christian Science Monitor / Thomas Watterson

U.S. Treasury Notes Poised to Fall on Signs of More Inflation Bloomberg / Monee Fields-White

The American economy recovers -- as predicted Brookes News / Gerard Jackson

Finally, a sustained surge in US job growth Christian Science Monitor / Alexandra Marks

How politics helps pump budget-deficit balloon Christian Science Monitor / David R. Francis

Japan's Consumers May Sustain Recovery, Unlike '90s Rebounds Bloomberg / Lily Nonomiya


Out-of-reach housing prices called a growing national problem San Diego Union Tribune / Emmet Pierce

The Oil Drag Daily Standard / Irwin M. Stelzer

Superpower or Superdebtor? Lew Rockwell / Rep. Ron Paul

U.S. 30-year mortgage rate may hit 6.7 pct-Freddie Reuters

Wealthiest Americans avoiding stocks Reuters via CNN

CA: The high cost of summer Contra Costa Times / James Temple

U.S. trade deficit near record in April Bloomberg via Dallas Morning News

Ice cream parlors sweating over surge in milk prices Chicago Tribune / Rhasheema A. Sweeting

Bank One brand to disappear after Chase merger AP via Tri-City Herald

US Treasuries little changed after Greenspan Reuters

US to lead the way at G8 talks BBC News / Andrew Walker

HP sees earnings up 20% a year Reuters via CNN

Sears seen bidding for Kmart stores Bloomberg via Chicago Tribune

Mexico Tourism Booms on U.S. Terror Concerns, Economy Bloomberg / Thomas Black

Peru Debt Rating Raised by Standard & Poor's to BB Bloomberg / Inti Landauro

Why Investors are Paralyzed With Fear Clif Droke Market Analysis via Safehaven / Clif Droke

CDO Shops Race For Private Finance Debut Securitization News via Institutional Investor

Manfred Schepers, Named Senior Managing Director and Head of The Bond Market Association BMA

Canada Dollar Halts Gains; Central Bank Keeps Policy Unchanged Bloomberg / Sangeetha Ramaswamy

Fed ready to take its time Dallas Morning News / Danielle DiMartino

Curve balls The Economist

The Myth of the High-Paying Manufacturing Job Bloomberg / Caroline Baum

Confidence treads water CNN

CO: United needs a big break, and so do we Denver Post / Al Lewis

Oil prices give up still more ground Reuters via Houston Chronicle

A prescription for healthcare Boston Globe / Robert Weisman

TX: Lea Fastow ordered to report to detention in downtown Houston Houston Chronicle / Mary Flood

A $2.3B bet on futures trading Reuters via CNN

Russian rates soar on bank risk fears FT / Päivi Munter

US Treasury yields rise on Greenspan remarks FT / Jenny Wiggins, Charles Batchelor and Mariko Sanchanta

Argentina's Creditors Shun Debt Talks, Reject Offer Bloomberg / Daniel Helft

Reagan era still with us today Seattle Post Intelligencer / Bill Virgin

Snow: Deficits do matter CNN

Reagan's taxing legacy Guardian / William Keegan

Reaganomics, a Global Thing National Review / Michael T. Darda

E*Trade Vs. Vanguard Forbes / Michael Maiello

A margin loan for down payment has its risks Philadelphia Inquirer / Jeff Brown

UK: House prices still surging despite rate rises FT / Anna Fifield

Lack of oil workers limiting growth AP via Houston Chronicle

Canada: Interest rates held steady Globe and Mail / Terry Weber

Japan's Bonds Have Longest Decline Since 1990 as Stocks Advance Bloomberg / Keiko Ujikane

That tough job: Managing money Philadelphia Inquirer / Todd Mason

It's time to prepare for the coming rise in interest rates AP via Philadelphia Inquirer / Eileen Alt Powell

Analyst suggests splitting up HP Mercury News via Silicon Valley / Dean Takahashi

Jobs says Pixar open to Disney San Francisco Chronicle / Benny Evangelista

WA: Buyers chasing too few homes Seattle Times / Kristina Shevory

Fewer young people likely to 'buy American' AP via Cincinnati Enquirer / Will Lester

Will Postman Ring Twice After Postal Reform? Bloomberg / Andrew Ferguson

Reagan the new face of the $10 bill? CNN

Central Bank panel discussion: economic developments Federal Reserve Board / Alan Greenspan

Greenspan Says Fed Ready to Do What's Needed to Stem Inflation Bloomberg / Craig Torres

U.S. Treasuries Fall: Greenspan to Do What Is Necessary Bloomberg / Monee Fields-White

The Silent Partner in Family Decline Ludwig von Mises Institute / Per Henrik Hansen

Dollar Rises as Greenspan Says Fed Will Do `What Is Required' Bloomberg / Bob Brennan

Reaganomics still in effect, still debated AP via Dallas Fort Worth Star Telegram / Adam Geller

Reagan Years Gave Birth to Mighty Investment Boom Bloomberg / Chet Currier

Fed Officials Seek to Ease Fears of a Surge in Inflation NY Times / Edmund L. Andrews

Troubled Disney-Miramax partnership grows colder NY Times via IHT / Sharon Waxman and Laura M. Holson

China still the most attractive destination for global investment People’s Daily

Even Putin Can't Make the World Love the Ruble Moscow Times / Alex Fak

Russia: Kozlov Tries to Calm Banks Moscow Times / Alex Nicholson

Russia: Grip of Putin's censors tightens Christian Science Monitor / Scott Peterson

58 Senators Seek Looser Stem-Cell Rules Newsmax

Saudi ready to raise output Gulf Daily News

U.S. Treasury Notes May Rise After Reports of Terrorist Threats Bloomberg / Monee Fields-White

South Korea's `Mr. Garlic' Strives for Openness Bloomberg / Andy Mukherjee


Snow: New jobs in higher income sectors Reuters via CNN

Poll shows dissatisfaction with Bush FT / Deborah McGregor

Fed's Hoenig--core inflation must stay under 2 pct Reuters

New IMF chief Rato facing assorted challenges Reuters / Lesley Wroughton

CO: Metro home prices buck recession Rocky Mountain News / John Rebchook

CT: A Hint Of Resignation In The Governor's Camp Hartford Courant / Jon Lender and Dave Altimari

NY: Sovereign considers local bank takeover NY Daily News / Daniel Dunaief

Sallie Mae says ending floating note issues Reuters

IL: Loop Takes The Leap Bond Buyer / Yvette Shields

Downside of Reagan legacy San Francisco Chronicle / David Lazarus

The Myths of Reaganomics Ludwig von Mises Institute / Murray N. Rothbard

UK gilt yields hit two-year peaks FT / Paivi Munter

Decision may mean higher phone rates USA Today / Paul Davidson

Marshall Field’s sold for $3.2 billion Chicago Tribune / Becky Yerak

Ocean Spray rejects Pepsi bid Boston Globe / Naomi Aoki

Rate Hike Worries End Three Days of Gains AP via Philadelphia Inquirer / Meg Richards

NY Fed head: Markets ready for rate hike UPI via Washington Times

Fund settlements expected soon Reuters via CNN

Report slams brokers on variable annuities AP via Newsday

California pension fund criticizes performance four companies AP via The State / David Pitt

Iraqis assume control of oil industry Washington Times

Got Oil? Now, Try to Find Tankers to Carry It NY Times / Heather Timmons

Experts expect drop in crude oil prices Seattle Times / Stephen Dunphy

Bush-onomics in a post-Reagan world MSNBC / Martin Wolk

Teresa Heinz Kerry says Bush is John Kerry's Best Fund Raiser AP via Newsmax

Inflation fear stalks US markets BBC News / Stephen Evans

Rise in spending on health slows Boston Globe / Liz Kowalczyk

AZ: The desert's potential Arizona Republic / Jane Larson

CA: Cost of Burst Levee in Millions AP via LA Times

TN: Incomes rise among state’s city dwellers Tennessean / Keith Russell

WA: Housing market brisk in May Seattle Times / Jane Hughes

Utah is still last in ed spending Desert News via Newsmax / Deborah Bulkeley

Snow lauds China deal Bloomberg via Charlotte Observer / Simon Kennedy

UK: Bank meets to decide UK rate fate BBC News

The Changing Face of Risk Management Federal Reserve Bank of New York / Timothy F. Geithner

Treasuries Drop; Geithner Says Fed Will Do `What Is Necessary' Bloomberg / Monee Fields-White

Brazil Fails to Halt Real's Slide With Swaps Auction Bloomberg / Jeb Blount

Bond Prices Down at Midday AP via St. Louis Post Dispatch

Yen and dollar battle for ascendancy FT / Steve Johnson

How Reagan helped Taiwan Taipei Times

Alan: The Low-Rate Party is Over NY Post / Paul Tharp

Can Greenspan & Co. do it? CNN / Mark Gongloff

Monthly Wholesale Trade U.S. Census Bureau

Doom-and-gloomers say we’re near tapped-out of oil. Rubbish National Review / Bruce Bartlett

Reagan’s Small-Government Vision National Review / Chris Edwards

Reagan's Greatness Is Put in Words Bloomberg / Andrew Ferguson

Recalling Chávez The Economist

Canada: Leveraged to the hilt Globe and Mail / Terry Weber

UK: Bank of England Should Strengthen Rate Medicine Bloomberg / Mark Gilbert

UK gilt prices fall on interest rate worries FT / Päivi Munter

Treasury Notes Fall Before Inflation Reports and Debt Auctions Bloomberg / Monee Fields-White

Treasuries cheapen for auction, depressed by JGBs Reuters

U.S. home loan applications fall in week-MBA Reuters / Aleksandrs Rozens

Brazil's Real Rises 3rd Day in 4 on Bank's Rate Swap Decision Bloomberg / Romina Nicaretta

Goodbye, Bank One, and hello, Chase Dallas Fort Worth Star Telegram /  Ilene Aleshire

Coke president Heyer steps down CNN

Wall Street Rejects MSRB Proposal to Ban Consultants Bloomberg / Joe Mysak

U.S. Considers Forgiving Poor Nations' Debts Washington Post / Paul Blustein and Mike Allen

GAO critical of last year’s $10 billion bailout for states / Pamela M. Prah

U.S. Wholesalers Added to Inventories in April, Survey Shows Bloomberg / Joe Richter

Little protest and less economics as the G8 meets Guardian / David Teather

In Mexico, Sugar vs. U.S. Corn Syrup NY Times / Elisabeth Malkin

UK: Savers are short-changed Telegraph / Emma Simon

Dollar Gains Versus Euro as Fed Says It Can Speed Up Rate Rises Bloomberg / John Brinsley

Reagan Policies Gave Green Light to Red Ink Washington Post / Jonathan Weisman

Philippines' Ramos to Markets: `Don't Panic' Bloomberg / William Pesek Jr.

Japan Raises 1st-Qtr GDP Growth Estimate to 6.1% Pace Bloomberg / Lily Nonomiya

Yen May Advance on Expectations Japanese Growth Is Picking Up Bloomberg / John Brinsley



US trade deficits and foreign debt: problems or symptoms? Brookes News / Gerard Jackson

Here Comes California, Once Again Bond Buyer / Rich Saskal

VA: Priced out of house and home Roanoke Times / Jenny Kincaid

Cursed by lagging perceptions The Economist

After D-Day The Economist

The Economist all-items index The Economist

Loadsamoney! The Economist

Two casino firms consider tying the knot in Sin City The Economist

PA: Further Descent of Airline Jobs Pittsburgh Tribune Review / Thomas Olson

Workers urged to save more Green Bay Gazzette / Brian Tumulty

Longer-dated Treasuries inch up after good auction Reuters / Pedro Nicolaci da Costa

Regulatory Update: Banking Industry, Insurance, and Securities Activities Federal Reserve Board / Mark W. Olson

Hooked on imports Washington Times / Patrice Hill

Jobs data show little impact from offshoring FT / Christopher Swann

Household wealth hits $45.2 trillion Reuters via CNN

New Report Says Outsourcing Causes 9% of U.S. Layoffs Reuters via NY Times

Billionaire Soros Banking on a Bush Loss AP via Chicago Tribune / Amy Westfeldt

Lasser, Former CEO of Putnam, to Receive $78 Million Bloomberg / Aaron Pressman

Inflation fears weigh on bond prices FT / Jennifer Hughes, Päivi Munter and Mariko Sanchanta

Mortgage rates move higher this week AP via Baltimore Sun / Jeannine Aversa

UK: Property 'no substitute for pension' Press Association via Guardian

UK: Unions angered by export of more jobs Guardian / Jill Treanor

Chile's Peso Falls to 8-Month Low on Copper Bloomberg / Jennifer Coogan

How an industry banks on sleaze Philadelphia Inquirer / Jeff Brown

CA: Heaven for Home Buyers LA Times / Stephanie Simon

N.C. treasurer named to 2nd term on NYSE board AP via Charlotte Observer

KS: Job losses locally are brutal Kansas City Star / Diane Stafford

MD: Home prices in metro region continue to soar Baltimore Sun / Tamara El-Khoury

Spitzer gig is new Wall St. must-have NY Post / Jenny Anderson

New CPI Stats Anticipation is Giving Greenspan Gas NY Post / John Crudele

Money can't buy love, or more of it USA Today via Indianapolis Star / Barbara Hagenbaugh

PA: Two biggest state pension funds ask court to block audit AP via Morning Call / David B. Caruso

Fed May Double Rate Target This Year, Bond Firms Say Bloomberg / Mark Tannenbaum

Mexican Peso Gains After Report Shows Consumer Prices Declined Bloomberg / Jennifer Coogan

IMF sticks to growth forecast AP via Toronto Star / Harry Dunphy

Reagan’s Link National Review / Larry Kudlow

Jobless claims increase CNN

Canada: New home prices surge Globe and Mail / Terry Weber

GASB Boosts Statistics for Government Reports / Stephen Taub

UK: Bank of England raises interest rates to 4.5% FT / Anna Fifield

World oil demand reaches 23-year high Reuters via CNN

Dollar holds Greenspan-inspired gains FT / Steve Johnson

AK: No boom, bust in Alaska Seattle Times / Stephen Dunphy

Target Praised For High Asset Sale Price Forbes

WI: Agency funded $360 million in state mortgages in 2003 Milwaukee Journal Sentinel / Leonrad Sykes, Jr.

Mr. Reagan says ‘hello’ to normal reporters Pittsburgh Tribune Review / Jack Markowitz

Citibank seeks to tap rising Asian household wealth Taipei Times / Joyce Huang

Money Matters & Gold Value View Gold Report via Safehaven / Ned W. Schmidt

Australia Sheds 41,100 Jobs; May Jobless Rate at 5.5% Bloomberg / Victoria Batchelor

Japan rejects U.S. calls to reform 'kampo' postal life insurance system Japan Times

Yen Gains on Speculation Japan's Machinery Orders Rose in April Bloomberg / Taizo Hirose

China: Now, a Great Leap Forward in Luxury NY Times / Keith Bradsher

China: Overseas future markets play key role People’s Daily

China invests US$2 billion overseas in 2003 People’s Daily

Another Spitzer Lawyer Bolts for New Job on Wall Street Washington Post / Ben White

Semiconductor industry projects rise in chip sales NY Times via Minneapolis Star Tribune

IL: Prices race for getaway homes Chicago Tribune / Robert Manor

Oil price fall takes pressure off petrol Guardian / Ashley Seager

As Oil Prices Rise, a Sense of Alarm in Asia NY Times / Wayne Arnold

Russia: Banks Cut Credit Lines to Each Other Bloomberg via Moscow Times / Guy Faulconbridge and Vladimir Todres

Coke’s President to Quit After Being Passed Over for Top Job NY Times / Eric Dash


Finance Execs Report Illegal Bank Tying / Tim Reason

A Perspective on Monetary Policy II Federal Reserve Bank of Cleveland / Sandra Pianalto

Quest for Sustainable Growth Federal Reserve Bank of Atlanta / Jack Guynn

Inflation surge could make Fed's task harder CNBC / Martin Wolk

Rubin warns of spiraling deficits Reuters via CNN

Global interest rates up as inflation looms Christian Science Monitor / David R. Francis and Ron Scherer

Gas prices got you down? Try selling it. Christian Science Monitor / Mary Beth McCauley

UK voters punish Blair for stance on Iraq FT / Frederick Studeman

RBC's Stretch: Outlook for European Bonds, Fed, ECB and BOE audio Bloomberg

Korea: Moody's Upgrades Korea's Rating Outlook Korea Times / Cho Hyung-kwon

China's inflation rate rises 4.4%, fastest increase in seven years AP via Minneapolis Star Tribune / Elaine Kurtenbach

Canada: Economist says Liberals, Conservatives neglect productivity-boosting policies Financial Post / Jacqueline Thorpe

Gunning for Google CNN / Paul R. La Monica

IL: Sara Lee to cut 4,000 jobs Chicago Sun Times / Eric Herman

Mandalay rejects offer of buyout by MGM Mirage AP via Minneapolis Star Tribune

Fed bank heads affirm stance on rate increases Bloomberg / Vivien Lou Chen

N.Y. Fed Chief Cites Need For More Hedge Fund Monitoring Institutional Investor

Investment-Savvy Surveys Go From Scary to Scarier Bloomberg / Chet Currier

Canada: Could RBC little glitch add up to major hit? Financial Post / Barbara Shecter

Ruin of Yukos would restrict flow of crude London Times / Carl Mortished

Papering over the cracks The Economist

Kerry Leads Bush in Polls on Economy, Iraq Concerns Bloomberg / Jesse Westbrook

UK: Is it time to worry about ballooning prices? FT / Kate Burgess

PPI seen rising UPI via Washington Times

CPI seen rising UPI via Washington Times

Trade deficit expected to narrow UPI via Washington Times

CEO Says United to Exit Bankruptcy in '04 AP via Baltimore Sun / Dave Carpenter

AK: Two big players in Alaska economy Seattle Times / Stephen Dunphy

U.S. TREASURY: Deficit for 8 months hits $344.3 billion AP via Chicago Tribune

Fed's Guynn Speaks: U.S. Economy, Inflation and Fed Policy audio Bloomberg

McCain Rejects Kerry's V.P. Overture AP via Newsmax

Americans Stealing Jobs From Americans Forbes / Dan Ackman

Wavering jobless stat still signals recovery AP via Arizona Republic

A sawbuck and a Reagan CNN / Allen Wastler

Reagan's Stamp On America, The World Forbes / Steve Forbes

Fed shifts policy goal to averting inflation FT / Christopher Swann

Argentina's turnaround man BBC News / Elliott Gotkine

Cuba hopes search for oil will build up economy South Florida Sun Sentinel / Doreen Hemlock and Diana Marrero

Europe Knows It Needs a Lot of Immigrants. But It Also Fears Them. NY Times / Floyd Norris

Minnesota job data: Mostly rose, some thorn Minneapolis Star Tribune / Mike Meyers and H.J. Cummins

PA: Favoritism as city's economic engine Philadelphia Inquirer / Andrew Cassel

Freddie Mac Files a Required Compliance Plan Bloomberg via NY Times

So much for 'measured' CNN / Mark Gongloff

Crude Oil in New York May Decline Next Week: Survey Bloomberg / Mark Shenk

Labor still recovering from Reagan's legacy Philadelphia Inquirer / Thomas Ginsberg

Dollar Rises in European Trading AP via Philadelphia Inquirer

Municipalities May Pay Up If the Auction Sale Dies Bloomberg / Joe Mysak

Guynn, Poole Join Greenspan in Qualifying Fed Policy Bloomberg / Vivien Lou Chen

Deutsche Bank Should Succumb to the Urge to Merge Bloomberg / Mark Gilbert

Unions wary of Harley China deal Milwaukee Journal Sentinel / Rick Barrett

Dollar Gains on Report Fed's Poole Suggests `Faster' Rate Rises Bloomberg / John Brinsley

Russia: Battered Yukos Finds Unlikely Offers of Help Moscow Times / Alex Fak

China's Fast-Growing Economy Cools Off Slightly NY Times / Keith Bradsher

Japan: Experts warn that Japan isn't out of deflationary woods just yet Japan Times / Hiroko Nakata

Hissing Sound Surrounds Japan's Bond Market Bloomberg / William Pesek Jr.

Japanese Five-Year Notes Gain; Yields at Nine-Month Highs Lure Bloomberg / Beth Thomas

Home sales brisk but slowing Minneapolis Star Tribune / Jim Buchta


The wall of worry CNN / Mark Gongloff

UK: Pressure is on for homeowners to tighten belts Telegraph / Alison Steed

Merrill Lynch accused of 'institutional sexism' Guardian / Simon Bowers

We have seen the job-taking enemy, and 'they' are us Houston Chronicle / Loren Steffy

Workers Still Hold Too Much Company Stock AP via ABC News

Bond jitters: Too late to panic, but some may want to shorten maturities Milwaukee Journal Sentinel / Kathleen Gallagher

U.S. Treasuries Fall on Concerns About Expected Rate Increases Bloomberg / Monee Fields White

Options fatten CEO pay, even during lean times Milwaukee Journal Sentinel / Paul Gores

CO: Deadhead crowds alive and spending Rocky Mountain News / Joanne Kelley

IL: This year may take 1st place in U.S. sales of 2nd homes Chicago Tribune / Robert Manor 

CA: Home Prices Soar on Buying 'Frenzy' LA Times / Roger Vincent

MN: Summer work for teens in short supply Minneapolis Star Tribune / Adrienne Baker

African Leaders Open $3.7B Oil Pipeline AP via Newsday Emmanuel Tumanjong

EU is china's biggest trade partner UPI via Washington Times

Dollar Rises as Fed Presidents Join Greenspan on Rate Policy Bloomberg /
Heather Bandur

The euro's big chance Prospect Magazine via Prudent Bear / Niall Ferguson

Large Caps May Fare Best As Rates Rise AP via ABC News

China devours Asia's scrap metal NY Times via IHT / James Brooke

One Journal of Oil Industry Covers More Than Just Rigs NY Times / Simon Romero

Fed's Rate Increases May Come Quickly Washington Post / Nell Henderson

Fed Moves Would Hit Consumers Washington Post / Daniela Deane

FL: Fed holds boom market's future Miami Herald / Douglas Hanks III

Made in India vs. Made in China NY Times / Keith Bradsher

Fuel costs hitting farmers hard AP via Florida Times Union / Betsy Blaney

An Oil Enigma: Production Falls Even as Reserves Rise NY Times / Alex Berenson

Getting small Newsday / Henry Gilgoff

South Korean Won, Taiwan Dollar, Baht Give Back Week's Gains Bloomberg / Christina Soon

Spitzer Inquiry Expands to Employee-Benefit Insurers NY Times / Joseph B. Treaster




Job hunters aren't ready to party yet Dallas Morning News / Angela Shah

When all is said and done – U.S. consumers call the tune Dallas Morning News / Danielle DiMartino

EU: Late payments holding back Europe's economy: survey AFP via EU Business

OH: A matter of life and debt Akron Beacon Journal / Gloria Irwin and David Knox

WI: Some consumers angry as credit scores drive up insurance premiums Green Bay Gazette / John Dipko

Hedge funds are a risky business CBS Market Watch via Houston Chronicle

US bankruptcies set to fall as prices increase FT / Jennifer Hughes

Oil Prices Need Not Mean Inflation –Stern Reuters

Dollar Extends Gains on Fed Comments Reuters

List of the World's Most Expensive Cities AP via ABC News

Statistics point to changing of driving habits Houston Chronicle / Anjali Athavaley

Stocks Rally May Fade on Inflation Worry Reuters / Herbert Lash

Most Treasury bonds in foreign hands FT / Päivi Munter

Asian Bond Market Is Held Back by Small Debt Sales, Bank Says Bloomberg / Shamim Adam

Major business events and economic events scheduled for the coming week Akron Beacon Journal

Rising steel prices about to filter down to consumers Washington Post via Omaha World Herald

If it's delivered by car or truck, expect a surcharge Boston Globe / Nona Howard

Meteorite Descends Through Roof of N.Z. Home, Star Times Says Bloomberg / Sineva Toevai

How Americans manage their money San Francisco Chronicle / Tom Abate

Recovery is real, mid-size companies say NY Post / Victor Epstein

CA: $400,000-plus homes? Try three-quarters of the Valley LA Daily News / Gregory J. Wolcox

CA: Growing Interest: Home buyers pursue interest-only loans to stretch finances Oakland Tribune / Alan Zibel

Newspapers riding out complaints over online registration AP via Long Beach Press Telegram / Joann Loviglio

China's a dying tiger, to be feared in decline Taipei Times / Jin Zhong

China: Foreign trade grows 37.1 percent during January-May People’s Daily

US interest rate rise fears hobble European markets Reuters via Taipei Times

CA: Tiny Hong Kong a trade powerhouse Long Beach Press Telegram / Eric Johnson

Avoid foolish, costly moves with retirement accounts Baltimore Sun / Eileen Ambrose

Inflation Isn't All Bad for Investors Wall Street Journal via Denver Post / Gregory Zuckerman

Pressure building for changes in compensation Mercury News / Chris O'Brien and Jack Davis

Airlines hit the brakes NY Daily News / Tom Van Riper

CT: Gas prices taking toll on economy Hartford Courant / Rob Varnon

Old economy, with old rules, returns Philadelphia Inquirer / Andrew Cassel

Offshoring threat = union growth AP via Arizona Republic / T.A. Badger

MA: Don't blame us, say service station owners Boston Globe / Peter J. Howe

MA: Fuel economy Boston Globe / Royal Ford

Engineering a worldwide comeback Chicago Tribune / Melita Marie Garza

Gateway sells leftover goods to Best Buy San Diego Union Tribune / Mike Freeman

Cities taking job losses personally AP via Houston Chronicle / Connie Mabin

How Google Took the Work Out of Selling Advertising NY Times / James Fallows

Home lenders are scrambling via Seattle Post Intelligencer / Holden Lewis

Yen May Extend Rally as Japanese Economic Growth Accelerates Bloomberg / Vivianne C. Rodrigues

Greenspan, A Reagan Appointee Pittsburgh Tribune Review / Gregory M. Drahuschak

Greenspan to Reassure Congress on Economy Reuters via ABC News / Tim Ahmann

Bond Buyers May Want to Note This Birthday NY Times / Kenneth N. Gilpin

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

A nest egg that won't crack easily Dallas Morning News / Scott Burns

Healthier and Wiser? Sure, but Not Wealthier NY Times / Mary Williams Walsh

Daring buyers make blind bids LA Times / Diane Wedner

Portable-housing vogue makes its way to U.S. Denver Post / Lori Cumpston

Home appreciation slowing: That's good news LA Times / Kenneth Harney

Give Some Credit to BOJ for Economic Turnaround Bloomberg / David DeRosa

China to Raise Interest Rates, Economic Observer Says Bloomberg / Tian Ying

UK: Bears take little interest in the rates Guardian / David Schwartz

UK: Boom may be over as rate rises cool housing market Guardian / Maria Scott

Why we can't pin all the blame on OPEC Minneapolis Star Tribune / Susan Feyder 


Go west, not-so-young man US News / Kate Stohr

Consumers buying again but choosing foreign goods AP via Houston Chronicle

Inflation from Asia? Not Likely Federal Reserve Bank of Dallas / Jahyeong Koo and Dong Fu

Buying all that stuff is costly Dallas Morning News / Danielle DiMartino

GFOA Blasts NFMA Over Disclosure Bond Buyer / Lynn Hume

The monster awakes UPI / Martin Hutchinson

Greenspan and rates: macho ado about nothing CNBC / Bill Fleckenstein

Costs keep rolling on Washington Business Journal

Judge: Skilling can get interest from seized millions Houston Chronicle / Mary Flood

Many Lobbyists Work the Hill With Kith and Kin Washington Post / Jeffery H. Bimbaum

U.S. Lawyers Use Legalisms to Cover Lawlessness Bloomberg / Ann Woolner

CalPERS Opposes WellPoint/Anthem Deal AP via Forbes

UK profitability 'hits record low' PA via Guardian

The IMF at 60—Evolving Challenges, Evolving Role IMF / Rodrigo de Rato y Figaredo

Red Hat CFO to resign AP via Kansas City Star

German Bondholder Group Rejects Argentine Debt Offer Bloomberg / Daniel Helft

A Fed's eye view CNN / Michael Sivy

CPI data could be trigger for the Fed CBS Market Watch / Rex Nutting

Dollar rally reverses on 'alarming' deficit FT / Steve Johnson

US yields at two-year high on inflation fears FT / Jennifer Hughes, Paivi Munter and Barney Jopson

Phone rates may rise as competitors quit AP via Chicago Daily Herald

Approval of proposal by J.P. Morgan Chase & Co. Federal Reserve Board

US junk bonds perk up but rate fears limit upside Reuters / Dena Aubin

Latin American Bonds Fall After BIS Says Debt Costs May Rise Bloomberg / Jeb Blount

Huntsman to Sell Notes as Fed Meeting Draws Bloomberg / Terence Flanagan

States Mend Budgets Warily LA Times via / Stephanie Simon

U.S. mortgage delinquencies lowest in 4 years Reuters / Richard Leong

Five questions for Greenspan CNN / Chris Isidore

Steel prices on Fed's radar Washington Post via Arizona Republic / Greg Schneider

Inflation data could set the tone for rate hikes Reuters / Pedro Nicolaci da Costa

Signs of inflation. Or not. CNN / Mark Gongloff

Halliburton 'mismanaged $8bn in Iraq' FT / Joshua Chaffin

Social Security Stronger Than Thought AP via Newsmax

Flows tell where the funds go AP via Fresno Bee / Michael J. Martinez

U.S. investment bank profits seen down in quarter Reuters / Chris Sanders

EU: Unhappy voters send a message The Economist

Despite technology advances, office remains the place to be Boston Globe / Robert Weisman

Corporate criminals live well on lectures NY Times via Arizona Republic / Christopher S. Stewart

U.S. jobless rate misses "hidden" unemployed Reuters / Victoria Thieberger

Penny Stock Picking NY Post / Christopher Byron

Is U.S. Housing Boom Nearing the End of the Line? Bloomberg / John Wasik

Milwaukee's Mess Ludwig von Mises Institute / Christopher Westley

Disney deal hasn't been golden for McDonald's Orlando Sentinel / Richard Verrier

Warriors Against Inflation National Review / Bruce Bartlett

EU: Checking the bank Guardian / Mark Milner

Chinese premier says the country faces an uphill battle trying to cool economy Bloomberg via Taipei Times

Treasuries Fall as Faster Inflation May Support Fed Rate Boost Bloomberg / Mark Tannenbaum

Mortgage gamble Sacramento Bee / Andrew LePage

Dollar Drops Against Euro After U.S. Trade Gap Widens to Record Bloomberg / Vivianne Rodrigues

Canada recruiting laborers from Mexico AP via LA Daily News / Olga R. Rodriguez

Copper May Rise in London as Inventories Decline Bloomberg / Simon Casey in London and Sri Jegarajah

Gold Drops in London on Prospect of Higher U.S. Interest Rates Bloomberg / Laura Humble

MI: Debt hangs over Detroit jobs Detroit Free Press / Marisol Bello

U.S. April Trade Gap Widens to a Record $48.3 Billion Bloomberg / Courtney Schlisserman

Retail sales top forecasts CNN

Advance Monthly Sales for Retail Trade and Food Services US Dept of Commerce

Considering the "ifs" CNN / Kathleen Hays

MGM Mirage close to $7.9bn deal with Mandalay FT / Mary Watkins and Toby Shelley

Bond yields rise to six-month highs FT / Päivi Munter

Yen set for gains as bond yields rise Bloomberg via IHT / Joshua Krongold

Selling 'Nemo' Online, Trying to Repel Pirates NY Times / Saul Hansell

Has Ford Motor Co. Lost Its Focus in China? Bloomberg / William Pesek Jr.

Extra work sours workers Minneapolis Star Tribune / Chuck Martin

The new face of wealth wears lipstick Christian Science Monitor / Susan Palmquist

At home, budget heroics Christian Science Monitor / Jonathan P. Decker

U.S. Treasury Investor Sentiment Falls Before Inflation Reports Bloomberg / Mark Tannenbaum


Free Trade: Why are Economists and Noneconomists So Far Apart? Federal Reserve Bank of St. Louis / William Poole

Wanna Buy a T-Bill, Sucker? MSNBC – Slate / Daniel Gross

State economies are improving, but services not being restored LA Times via Seattle Times / Stephanie Simon

NY: Inflation soaring in NY NY Daily News / Kate Rakoczy and Tom Van Riper

WI: Consumers feel pinch of higher prices Wisconsin State Journal / Nathan Leaf

EU to launch excessive deficit procedures against Greece, 6 new members AFP via EU Business

Bond rally alleviates anxieties Dallas Morning News / Danielle DiMartino

IMF Survey pdf International Monetary Fund

MSRB Plan Would Narrow G-20 Limits Bond Buyer / Lynn Hume

IL: A Cook County Combo: Officials Plan $600 Million Variety of Debt Bond Buyer / Yvette Shields

Gold Has Biggest Gain in 2 Weeks as Concern of Rate Boost Eases Bloomberg / Choy Leng Yeong

Steel prices may be easing after big rises Milwaukee Journal Sentinel / Rick Barrett

Hopes for 2005 U.S. federal budget deal fading Reuters

U.S. House Passes Republican-Backed Energy Bill Bloomberg / Jim Efstathiou Jr.

The Reach of U.S. Antitrust Law Overseas Is Limited NY Times / Linda Greenhouse

Greenspan still here to stay UPI / Shihoko Goto

Fed on guard: Greenspan Globe and Mail / Terry Weber

Furniture sales lag retail boom NY Daily News / Soo Youn

MI: If Pistons become champs, metro Detroit would win big Detroit Free Press / Suan Tompor

See the U.S.A., win a Chevrolet / Colin Quinn

Brazil Real Has Biggest Gain in Two Weeks After U.S. CPI Report Bloomberg / Jeb Blount

World fight against poverty failing, Annan says Reuters / Andrew Hay

A Hoax to Raise Our Consciousness Ludwig von Mises Institute / Art Carden

Hedge funds expect rule from SEC in next few weeks Reuters / Svea Herbst-Bayliss

Goldman Steps Up Middle Market Lending Efforts Institutional Investor / Dan Freed

Schwab says customers reluctant to trade AP via Dallas Morning News

U.S. 10-Year Treasury Has Biggest Gain Since Jan. 2001 on CPI Bloomberg / Mark Tannenbaum

A question of interest Economist

Economic Outlook Federal Reserve Board / Mark W. Olson

Greenspan: Fed can handle economy threats AP via Seattle Post Intelligencer / Martin Crutsinger

Wall Street vs. the Fed CNN / Mark Gongloff

Fed governor suggests gradual rate hike UPI via Washington Times

EU: ECB sounds the alarm on fight against inflation FT / Tony Major

Congress Panel Votes to Curb Accounting Board on Options Reuters via NY Times

UK: Death warning over state pension BBC News

This Family Was Really Messed Up LA Times / Meg James and Sallie Hofmeister

Domain-name game heats up Arizona Republic / Jane Larson

Kerry Focuses on Economy; Bush Calls Growth `Strong' Bloomberg / Richard Keil

House debates export measure Washington Times / Jeffrey Sparshott

Greenspan repeats Fed might have to be more aggressive CBS Market Watch / Gregory Robb

Republican Urges Kerry to Quit the Senate AP via All Headline News

U.S. 10-Year Treasury Has Biggest Gain in 5 Months After CPI Bloomberg / Mark Tannenbaum

Treasurys in relief rally after CPI CBS Market Watch / Rachel Koning

Nomination Hearing Federal Reserve Board / Alan Greenspan

10-millionth customer a milestone for EchoStar Denver Post

Nokia fights back The Economist

Return of the millionaires CNN

Greenspan: Economy Must Deal With Threats AP via Forbes

Supremes To Foreigners: Get Your Own Courts Forbes / Dan Ackman

Bid to fix fund ills is flawed, critics say Boston Globe / Andrew Caffrey

Surging oil prices pump up US inflation FT / Christopher Swann and Jennifer Hughes

Eurozone bonds steady ahead of US data FT / Päivi Munter

Remember Gould's Three-Steps-and-a-Stumble Rule Bloomberg / John Dorfman

Greenspan: Economy Must Deal With Threats AP via South Florida Sun Sentinel / Jeannine Aversa

Fathers reap less on their special day San Antonio Express Courier / Melissa S. Monroe

$3 Billion in Bonds Sold by California LA Times / Tom Petruno

It's boom time for Asian economies AFP via Taipei Times

Russia: Putin: No Mass Purges of Banks Moscow Times / Catherine Belton and Alex Fak

U.S. Treasuries surge as inflation stabilizes Reuters / Wayne Cole

Fannie Mae portfolio shrinks, duration unchanged Reuters

Markets betting Fed won't jack up rates CP via Toronto Star / Malcolm Morrison

World's richest worth $29 trillion in 2003 Reuters via MSNBC

Empire State Manufacturing pdf Federal Reserve Bank of New York

UK: Bank Governor warns of house price crash Telegraph / Edmund Conway and Nina Montagu-Smith

When It Comes to Interest Rates, The Fed's Not Always in Charge Washington Post / Allan Sloan

Black Helicopter Theories Whir Through Markets Bloomberg / Caroline Baum

Senators vs. Greenspan? CNN / Kathleen Hays

Lehman Net Rises 39% on Higher Bond Trading, Banking Bloomberg / Adrian Cox

Dollar Falls as CPI Trims Expectations for Fed Rate Increases Bloomberg / Vivianne Rodrigues

U.S. Treasury Notes Surge After Rise in CPI Matches Forecasts Bloomberg / Mark Tannenbaum

To work, technology must meet a need Seattle Post Intelligencer / Bill Virgin

Japanese Bonds Gain as Stocks Decline, BOJ Rates May Stay Down Bloomberg / Beth Thomas

Australia: Bond market closes weaker AAP via Sydney Morning Herald

Japan: Corporate bankruptcies down 17th month in row Japan Times

Japan: No change in monetary policy expected from BOJ meeting Japan times

Japan Passes Law to Provide 2 Trillion Yen for Bank Bailouts Bloomberg / Mariko Iwasaki

Fed shows flexibility relating to policies China Daily / Vivien Lou Chen

Dollar May Advance; Report May Show Rising U.S. Consumer Prices Bloomberg / Taizo Hirose

Bean prices sizzle with demand for soy Bloomberg via Omaha World Herald

Bonds are in for a beating, some groups warn Reuters via IHT

Key tests loom for Bush and Kerry Christian Science Monitor / Linda Feldman

MGM wins Mandalay after offer is increased NY Times via IHT / Andrew Ross Sorkin

EU accounting rules run into hurdles IHT / Floyd Norris

Is China Moving Close to Higher Interest Rates? Bloomberg / Andy Mukherjee