Bondhead News Archive

June 16 – June 30


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The Changing World Economy: What It Means for Canada Bank of Canada / David Dodge

Why some markets are hot, others not CNN / Sarah Max

BMA Calls for Modifications to Bank of England's Proposed Reform of the Operations in the Sterling Money Markets BMA

Treasury: Banks must abide by Patriot Act UPI via MENAFN

1 In 130 Americans A Millionaire NY Post via MENAFN / Bill Hoffmann

Non-Citizens Capture 29 Percent of U.S. Jobs, Report Says Bloomberg / Jesse Westbrook

The party's over CNN / Lou Dobbs

U.S. Treasuries stable in Asia after slip Reuters

Broaddus Says Inflation Under Control, Fed Policy Not `Behind' Bloomberg / Joe Richter

Broaddus-Neutral fed funds rate around 2.5-3.5 pct Reuters

Bank of England's King Says World Interest Rate Cycle Turned Bloomberg / Julia Kollewe

Plan 'B' for Turkey UPI / Claude Salhani

Eurozone inflation rises sharply in May AFP via EU Business

The Wealthy Have a Bigger Role in Politics AEI /Norman J. Ornstein

Kerry Misfires In Economic Blame Game Washington Post / Steven Pearlstein

Crude oil squeeze continues Globe and Mail / Mathew Ingram

Gas prices: Expert at Energy Department tells Senate committee worst may be over AP via Indianapolis Star

Does it pay to enter lion's den? Miami Herald / Gregg Fields

Reversal of fortune San Francisco Chronicle / Matthew Yi

CA: Doors may open for homebuyers Orange County Register / Hang Nguyen

SD: A mix of good and bad news as city weathers downturn Argus Leader / Kelly Hildebrandt

Bond prices soar, while dollar suffers broad-based setback AP via Orange County Register

Will the Fed raise rates just once? CNN / Mark Gongloff

CalPERS to Raise HMO Rates by 11.4% LA Times / Lisa Girion

The Big Blue Muzzle Forbes / Daniel Lyons

It's called a correction CNN / Michael Sivy

Canada: House prices are up 12.9% over past year Financial-National Post via / Garry Marr

American fairy tale CBS Market Watch / Robert Powell

Pimco chief says global outlook unstable FT / Deborah Brewster

Social Security's numbers don't lie Philadelphia Inquirer / Andrew Cassel

The summit of all fears The Economist

Brazil Maintains Benchmark Lending Rate at 16 Percent Bloomberg / Carlos Caminada

Emerging Markets Forbes / Kim Nguyen

Bank One might be close to deal over mutual fund trading practices Chicago Sun Times / Tammy Chase

SEC May Impose Rules on Public Funds Planned by Buyout Firms Bloomberg / Otis Bilodeau

Credit arm helps Ford lift forecasts FT / Jeremy Grant

Mr Greenspan's balancing act BBC News / Stephen Evans

Gradual Fed Rate Hikes Expected LA Times / Warren Vieth

Tenet Raises $1 Billion in Private Note Sale Reuters and LA Times

Bush Withdrawing Pension Rule Proposal Hartford Courant

PA: Rising milk prices lift mood on dairy farms Philadelphia Inquirer / Harold Brubaker

Comments on the Economy and Monetary Policy Federal Reserve Bank of Richmond / J. Alfred Broaddus, Jr.

The Beige Book Federal Reserve Board

Texas leads U.S. in foreclosures San Antonio Express Courier / Adolfo Pesquera

AZ: Gambling on housing Arizona Republic / Catherine Reagor Burrough and Glen Creno

Fed: Same as it ever was CNN / Kathleen Hays

Canada: Factories booming despite strong loonie Toronto Star / Steven Theobald

Revised Uniform Agreement on the Classification of Assets and Appraisal of Securities Held by Banks and Thrifts Federal Reserve Bank of Boston

Dollar Advances as Some Traders Bet Its Decline Went Too Far Bloomberg / Vivianne C. Rodrigues

There's enough oil left to last for 40 years, says BP Telegraph / Edmund Conway

Brazil's Real Reverses Gains Before Debt, Rate-Swap Expiration Bloomberg / Jeb Blount

Best Buy Earns $114M in First Quarter AP via Aberdeen News

Goodyear delays first-quarter results AP via Aberdeen News

U.S. mortgage applications rise last week-MBA Reuters

82 million people in U.S. uninsured AP via USA Today

Myth & Reaganomics National Review / Bruce Bartlett

Reagan Whipped Inflation National Review / James Glassman

The Trouble With the EU Ludwig von Mises Institute / Jude Blanchette

Treasurys reverse lower; yields gain CBS Market Watch / Rachel Koning

Home building holds up CNN / Chris Isidore

Inflation is small concern for Fed Knight Ridder via Detroit Free Press / Ken Moritsugu

Industrial Production and Capacity Utilization Federal Reserve Board

US industrial production surges 1.1 per cent FT / Christopher Swann

Bear Stearns's Profit Rises 24% on Trading, Banking Bloomberg / Margaret Popper

Get Ready: Measured or Not, Here They Come Bloomberg / Caroline Baum

Greenspan Removes Any Doubt About Rate Increase Bloomberg / John M. Berry

Why Baldwin County, Alabama, Uses Negotiated Sale Bloomberg / Joe Mysak

Inflation fears ease on consumer prices report Pittsburgh Post Gazette / Patricia Sabatini

Inflation a top threat to economy Christian Science Monitor / Ron Scherer

FedHeads Safehaven / John Mackenzie

An Anxious Time for Boeing As a Fired Worker Starts to Talk NY Times / Leslie Wayne

Inflation Doesn't Worry Greenspan Washington Post / Nell Henderson

UK: Increasing pension age is 'work until you drop' Guardian / Phillip Inman

Australia: Interest rates not affected by US AAP via Sydney Morning Herald

Japanese Bond Futures Gain; Fukui Says Interest Rates on Hold Bloomberg / Chris Cooper

Back to the future: new US-Russia arms race Christian Science Monitor / Scott Peterson

Russia: Stocks Plunge on Yukos Tax Proposal Moscow Times / Valeria Korchagina

Bill Murray Does His Bit for Japan's Economy Bloomberg / William Pesek Jr.


Strong Growth, Fear Driving Energy Markets Federal Reserve Bank of Dallas

US Economic Outlook Federal Reserve Bank of Chicago / Michael Moskow

NASD Price Abuse Cases Due Out Soon Bond Buyer / Lynn Hume

CA: California Cash Flood Bond Buyer / Anastasija Johnson

NY: City jobless dips to 7% NY Daily News / Tom Van Riper

Out of the shadows, into the world The Economist

U.S. Retail Payments: Opportunities and Challenges Federal Reserve Bank of Boston / Cathy E. Minehan

Board seeks nominations for Consumer Advisory Council Federal Reserve Board

Long- And Short-Term Mortgage Rates Flat This Week Freddie Mac

Jeffrey M. Lacker appointed President of the Federal Reserve Bank of Richmond Federal Reserve Board

Worse than it looks Globe and Mail / Roma Luciw

Savers Set to Gain From Short-Term Rate Hike LA Times / Tom Petruno

Job seekers' obstacle: Bad credit CBS Market Watch / Andrea Coombes

No company 'too big to fail,' Treasury Secretary Snow says Bloomberg via Dallas Morning News

House Passes Changes to Tax Code to Stop Sanctions Bloomberg / Ryan Donmoyer

CA: Treasury chief hails jobs, downplays inflation San Francisco Chronicle / Tom Abate

China may face anti-dumping legislation USA Today / James Cox

TX: Fed report discounts Toyota job figures AP via Houston Chronicle

Signals point to rate hike Dallas Morning News / Danielle DiMartino

Colo. businessman blames bank firm for exchange-fund losses Rocky Mountain News / John Accola

CA: Median O.C. home price: $543,000 Orange County Register / Hang Nguyen

Crude rises $1.14 to $38.46 a barrel Reuters via Houston Chronicle

Red Hat's Solidly In The Black Information Week / Larry Greenemeier

United:Loan Guarantee Rejection Premature Reuters

United Airlines Denied $1.6 Bln U.S. Loan Guarantee Bloomberg / John Hughes

Newsday Statement regarding circulation figures Newsday

Grasso case moves to federal court Reuters via CNN

Bill Clinton, on '60 Minutes,' Speaks of Affair With Intern NY Times / Courtney C. Radsch

CA: Low-price wine brings home gold Oakland Tribune / Michelle Locke

Treasuries climb as Fed survey shows weakness FT / Päivi Munter and Mariko Sanchanta

Why the Gold Standard is HISTORY Euro vs. Dollar Currency War Monitor via  Safehaven / Alex Wallenwein

AK: Changes to fund affect board and investments Anchorage Daily News / Wesley Loy

This Bush boom is a lot like the Reagan boom 20 years ago National Review / Larry Kudlow

Greed Destroyed Adelphia, Prosecutor Says in Summary Reuters via NY Times

Inflation: A real worry now US News / Paul J. Lim

Manufacturing Taking the Lead? Prudent Bear via Safehaven / Chad Hudson

Experts: IT spending in Arab world to reach $60 billion in 4 years MENAFN

Treasuries rise on weak components of Philly Fed Reuters / Pedro Nicolaci da Costa

Tax revenues spell good news for states / Pamela M. Prah

MN: 300 Federal Reserve jobs in doubt in Minneapolis Minneapolis Star Tribune / Chris Serres

Mortgage rates continue upward AP via Baltimore Sun / Jeannine Aversa

Greenspan's Bid for 5th Term Moves Forward AP via Charlotte Observer

US Democrats assail Bush on housing, mortgage firms Reuters / Mark Felsenthal

Gross exaggeration? CNN / Mark Gongloff

Argentine GDP Grows Over 10% for 3rd Straight Quarter Bloomberg / Eliana Raszewski

Treasury's Snow wants higher debt ceiling UPI via Washington Times

Nasdaq, a Perennial Yo-Yo, Is Set to Go Down Bloomberg / John Dorfman

Ups and downs of inflation rate Philadelphia Inquirer / Jeff Brown

Swiss bank raises key loan rate AP and Reuters via IHT

The Economic Value of Variety NY Times / Virginia Postrel

Survey: 1 in 4 Credit Reports Has Errors AP via Washington Times / Marcy Gordon

Business Outlook Survey Federal Reserve Bank of Philadelphia

Pension Pain: The Other Social Insurance Crisis Ludwig von Mises Institute / Carl F. Horowitz

Back to the 1970s? The Economist

Luxury's new empire The Economist

In the shadows The Economist

Ten-year government-bond yields The Economist

US 30-, 15-year mortgages up slightly in latest week Reuters

U.S. Economy: Leading Indicators Rise, Claims Fall Bloomberg / Joe Richter

Does it feel real? CNN / Kathleen Hays

Rate swaps in Japan provide a bond hedge Bloomberg via IHT / Mariko Iwasaki and Rajat Bhattacharya

Treasury Notes Decline After Report Shows Producer Prices Gain Bloomberg / Mark Tannenbaum and Steve Rothwell

U.S. May Producer Prices Rise 0.8%; Core Rate Up 0.3% Bloomberg / Joe Richter

UK: Gluttons for punishment Guardian / Jackie Ashley

Yuan forex rate needs adjustment Taipei Times / Tung Chen-yuan

India's Federal Budget Will Test New Leadership Bloomberg / Andy Mukherjee

Canada: Central bank ups economic growth forecast Ottawa Business Journal

China: Premier Wen: Economy on healthy track People’s Daily

China: Foreign investors tap mineral resources in China People’s Daily

The Price is Right NY Post / Suzanne Mcgee

Bahrain: $500m bonds issue listed Gulf Daily News

Saudi set to boost oil output Gulf Daily News

Oil chief: my fears for planet Guardian / David Adam

What it will take to put humans on Mars Christian Science Monitor / Peter N. Spotts

Japan Sets Highest Coupon in 3 1/2 Years on 20-Year Bond Sale Bloomberg / Keiko Ujikane

Dollar Holds Gains; Producer Prices May Have Risen in May Bloomberg / Taizo Hirose


Bond Fund Exodus Rolls On The Street / Gregg Greenberg

Investors Await Rush Of LBO Bank Deals Loan Market Week via Institutional Investor

Bond traders wondering whether bear market is over Globe and Mail / Allan Robinson

Investors Await Rush Of LBO Bank Deals Loan Market Week via Institutional Investor

US trade deficit widens to $1.5bn a day FT / Andrew Balls

See Jane stop running / Kathleen Murphy

UBS To Merge Credit Trading Biz Bond Week / Scott Goodwin

Canada's Dollar Rises on Speculation of Several Rate Increases Bloomberg / Sangeetha Ramaswamy

OPEC president doubts non-members can quickly ramp up output CP via

U.S. House Approves $32 Bln Homeland Security Bill Bloomberg / Nicholas Johnston

U.S. Treasury's Snow Speaks: U.S. Economy and Job Creation audio Bloomberg

Japan: Muto Says BOJ Is Closely Watching Long-Term Rates Bloomberg / Mayumi Otsuma

Emerging debt-Faith in Fed eclipses Lula vote flop Reuters / Greg Brosnan

Allen, the other Mr. Microsoft Reuters via CNN

The Fast Track To Globalization Optimize via Information Week / Ralph Szygenda

CO: Site choice for VP's talk raises brows Denver Post / Aldo Svaldi

Many Doctors Practice With No Insurance AP via Newsmax

Feast to famine CBS Market Watch / Gregory Robb

CBOT hopes to convert to for-profit status by end of year Chicago Sun Times / David Roeder

CBOT requests review Chicago Tribune

Pitt: Grasso was worth it NY Post / Jenny Anderson

Beware euphoria of housing prices Philadelphia Inquirer / Andrew Cassel

CA: O.C. housing affordability declines to 16-year low Orange County Register / Hang Nguyen

30-Year Mortgage Rates Rise to 6.32% Bloomberg via LA Times

PA: Area factories get busy, so some may add jobs Philadelphia Inquirer / Joseph N. DiStefano and Henry J. Holcomb

Brazilian Bonds Decline After Lula Loses Wage Vote in Senate Bloomberg / Katia Cortes and Charles Penty

2003 Annual Report Federal Reserve Bank of Richmond

Rethinking Convention Center Hotel Financing Bloomberg / Joe Mysak

US junk bond funds see $126 mln weekly outflow Reuters

Slowdown in UK mortgage lending BBC News

Moody's revises Slovakia outlook to positive Reuters

Dollar Falls After U.S. Current-Account Gap Widens to Record Bloomberg / Vivianne C. Rodrigues

Eurozone bond yields ease following Treasuries tone FT / Charles Batchelor

U.S. Current Account Deficit Widened to Record Bloomberg / Carlos Torres

The Coming Retirement Crisis Forbes / Dan Ackman

Detroit's big three in the slow lane The Economist

MN: Fed says Minneapolis check center won't close Minneapolis Star Tribune / Chris Serres

Stocks, Bonds Having Market-Neutral Kind of Year Bloomberg / Chet Currier

Gecina Sale Is Rare Victory for Bondholder Rights Bloomberg / Mark Gilbert

Japan's Bonds Gain as Yields Near Four-Year High Draw Investors Bloomberg / Chris Cooper

Why the Fed Can Go Easy Business Week / Christopher Farrell

`Gimmick Economics' Makes Comeback in Japan Bloomberg / William Pesek Jr.

U.K. Consumers Expect Rate Rises in Next 12 Months, Survey Says Bloomberg / Sam Fleming

UK: Brown moves to dispel fears of property crash Telegraph / Benedict Brogan

UK: Over-the-limit King breaches inflation Telegraph / Edmund Conway

Lobbying could kill reforms IHT / Floyd Norris

House Passes Major Tax Cut For Businesses Washington Post / Jonathan Weisman

Oil May Fall Next Week as OPEC Boosts Supplies, Survey Shows Bloomberg

OPEC: Demand for Oil Growing Reuters via Moscow Times / Barbara Lewis

Yen Heads for Weekly Gain on Optimism Growth Will Be Sustained Bloomberg / John Brinsley

Pensions Face Huge Asset Gap Washington Post / Albert B. Crenshaw

Russia growth likely to slow says minister Gulf Daily News

Stink Baum Golden Bar via Safehaven / Ed Bugos

Symbiotic Parenting Pimco / Mohamed A. El-Erian

China's economy on path to soft landing People’s Daily

Australia: Rates to stay put in 2004: analysts AAP via Sydney Morning Herald

Russia: Putin Tip Powers Yukos Recovery Moscow Times / Catherine Belton



Economist: NAFTA was a benefit Pittsburgh Tribune Review / Rick Stuffer

We're awash in debt. Does that spell trouble? Globe and Mail / Mathew Ingram

WI: Will jobs tell the tale of election? Milwaukee Journal Sentinel / Craig Gilbert and Joel Dresang

WI: Wal-Mart forces grocers to scramble Milwaukee Journal Sentinel / Tom Daykin

What happened to dividends? Reuters / Marc Gerstein

Ghosts of past spending Dallas Morning News / Scott Burns

CA: Economy boosts valley home prices Mercury News / Sue McAllister

What Is the Free Market, and Who Cares? Lew Rockwell / Butler Shaffer

Please Give Me a Housing Bubble Thoughts From The Frontline via Safehaven / John Mauldin

Lumber and oil prices rise, but other commodities fall CP via Toronto Star / Gary Norris

U.S. 10-Year Note Gains for Week as Fed Boosts Seen `Measured' Bloomberg / Mark Tannenbaum

KS: Wichita jobless rate falls to 5.4% AP via Wichita Eagle / John Hanna

FL: Citizens' growth 'explosive' Tallahassee Democrat / Rocky Scott

OH: Goodyear posts first-quarter loss Akron Beacon Journal / John Russell

TX: The big buzz is magnets San Antonio Express Courier / Travis E. Poling

Bush, Democrats spar on job Reuters via CNN

Yen Rises for 2nd Week Against Dollar and Euro on Japan Growth Bloomberg / Vivianne C. Rodrigues

Furniture Tariffs May Be a Mixed Blessing LA Times / Ronald D. White

MKM Partners' Darda Uses Gold Prices to Forecast Global Markets Bloomberg / Aparna Mukherjee

It's the Bubbles Stupid Daily Reckoning via Safehaven / Kurt Richebächer

The Fed's Monetary Policy Dilemma Tomorrow’s Gold via Safehaven / Marc Faber

U.S. gov employs 2.7 million civilians UPI via MENAFN

United to make 3rd try Rocky Mountain News / Joanne Kelley

Advertisers sue Sun-Times UPI via Washington Times

DA’s Paper Chase NY Post / Holly M. Sanders

If interest rates rise, bigger banks better off AP via Rocky Mountain News / Meg Richards

Sell on the Rumors and Buy on the Fed News SBRB Management Corp via Safehaven / Don Delavan

Undercover car salesman tells us all the secrets Seattle Post Intelligencer / Candace Heckman

Dad's day doesn't rate big bucks Washington Times / Jen Haberkorn

WTO finds U.S. subsidies are unfair AP via IHT

China has 236,000 millionaires MENAFN

Oil Firms' Records Subpoenaed AP via LA Times

Russia: The Kremlin's new doublespeak The Guardian / Nick Paton Walsh

Japan: Tanigaki talks down interest rates Japan Times

Saudi WTO bid hits new snags Khaleej Times

Seoul seeks $3.9 billion to stimulate economy Agence France-Presse via IHT  


MD: Sen. Mikulski's reputation as investor was restored in '03 Baltimore Sun / Jay Hancock

Interest rate upturn makes longer-term bonds risky Wichita Eagle

US Treasuries move little in Asia, FEd awaited Reuters

Wachovia-SouthTrust deal near? CNN

That Mirage in Foreign Harbors NY Times / Mark Hulbert

Good economic news leaves some breathless Dallas Morning News via Wichita Eagle / Danielle DiMartino

UK: Interest rates are edging up says top BoE official Gulf Daily News

Dollar Lacks Support As Mkt Starts Fed Watch Dow Jones via Yahoo / Tom Barkley

Snow sees 4% GDP growth CNN

Lawmaker-Turned-Lobbyist A Growing Trend on the Hill Washington Post / Jeffrey H. Birnbaum

Kerry's Clintonian economic plan San Francisco Chronicle / Tom Abate

Inner workings of a Dutch auction Mercury News / Deborah Lohse

Bad Circulation NY Post / Laura Petrecca

CT: Rate hike will mean slump's end Connecticut Post / Pam Dawkins

Savings Bonds Are Big -- But Why? Wall Street Journal via Denver Post / Jonathan Clements

Snow Expects More Jobs in Coming Months AP via Chicago Tribune / William C. Mann

SD: Rising health insurance binds small businesses Argus Leader / Jim Cheesman

Two-thirds of people link gas prices to choice of next vehicle: poll CP via

CO: Events may be cinema savers Denver Post / Tom McGhee

Deutsche Post Sees EU2.6 Bln Proceeds in Postbank IPO Bloomberg / Jeremy Van Loon

Economic recovery bypassing minorities USA Today via Argus Leader

GE Capital, Tenet Led Borrowers of $12 Bln in U.S. Last Week Bloomberg / David Russell

PA: The two views of Phila. budget dispute Philadelphia Inquirer / Nathan Gornestein

Goods Orders Rise, Home Sales Near Record: U.S. Economy Preview Bloomberg / Carlos Torres

Treasury's Snow Sees Economy Aiding Bush Reuters via ABC News

Risks Get Riskier on Brink of Rate Shift LA Times / Tom Petruno

Wachovia May Buy SouthTrust for at Least $11.5 Bln, People Say Bloomberg / Scott Silvestri

Putting price tag on happiness Philadelphia Inquirer / Andrew Cassel

Mortgage defaults lower as economy improves AP via Daytona Beach News Journal

BOK Alert Over Interest Rate `Shock' Korea Times / Kim Yon-se

Boom not felt in China's rustbelt Knight Ridder via Charlotte Observer / Tim Johnson

Good mortgage news comes with a warning Chicago Tribune / Mary Umberger

Adjustable Loans May Still Be the Right Choice LA Times / Kathy M. Kristof

Argentina: Soybean boom fuels recovery South Florida Sun Sentinel / Reed Lindsay

United CEO has another swing left Denver Post / Al Lewis

How Precarious a Lid on Inflation? Washington Post / Nell Henderson

Buffett Letter Takes Shots at Corporate Abuses Pittsburgh Tribune Review / Jack Markowitz

A Fight Against Fear as Well as Inflation NY Times / Edmund L. Andrews

Fed's on Deck: How Hard a Swing? NY Times / Jeff Sommer

What Lurks Inside Your Index Fund NY Times / Gretchen Morgenson

Capitalism on Trial in Russia NY Times / Timothy L. O’Brien

No Use Crying Over Spilled Billions NY Times / David Carr


Market timing isn't the problem Globe and Mail / Mathew Ingram

Airlines' woes may hurt us Dallas Morning News / Danielle DiMartino

When bond bubbles burst UPI / Martin Hutchinson

Bloomberg to move past terminal Status NY Post / Ben Silverman

MO: Area unemployment rises to 5.3 percent St Louis Post Dispatch / Eric Heisler

Strong growth expected in American exports Milwaukee Journal Sentinel / Rick Barrett

Emerging debt-Market rallies as Brazil issues Reuters

Wachovia Merging With SouthTrust Bond Buyer /  Shelly Sigo and Tedra DeSue

Talk is cheap; the Fed's inaction won't be MSNBC / Bill Fleckenstein

Offshoring and the Massachusetts Budget / Stephen Taub

Connecticut Governor Announces His Resignation NY Times Via / William Yardley

US Treasury backs official who rejected UAL loan Reuters

Cheap Gold: The Bankers Unintended Gift Euro vs Dollar Currency War Monitor via Safehaven / Alex Wallenwein

Ottawa boasts highest five-year return for home ownership: survey Ottawa Business Journal

Paris Detains Messier in Vivendi Probe AP via Morning Call / Laurence Frost

Brazil Sells $750 Mln of 5-Year Floating-Rate Bonds Bloomberg / Jeb Blount

Dollar Weaker as Focus Turns to Japan Reuters / Chikako Mogi

Fed's Bernanke Speaks: Benefits of Euro, Inflation Outlook audio Bloomberg

Sears strives to keep pace with retail rivals Chicago Tribune / Becky Yerak

German stores run out of change BBC News

Cuba may be spare parts bonanza WUPI via Washington Times

Merrill Lynch dropped from Google IPO filing Mercury News / Jon Ann Steinmetz

The new housing reality Wall Street Journal via Baltimore Sun / Patrick Barta

Merrill CEO O'Neal sees China's economy cooling Reuters / Greg Cresci

Fed's Bernanke says U.S. inflation stabilizing Reuters

Who's the Best Cop for Your Mutual-Fund Investment? Bloomberg / John Wasik

Chairman Greenspan sworn in for fifth term Federal Reserve Board

Fed hikes ... still guessing CNN / Kathleen Hayes

Brazil to Sell $500 Mln of Five-Year Debt, People Say Bloomberg / Jeb Blount

United States' hottest export: Jobs LA Times via Toronto Star / Warren Vieth

Defending the Reagan Deficits National Review / Brian Riedl

EU: Finally, a constitution. Now the hard part The Economist

U.S. Treasuries drift higher in data vacuum Reuters

Eurozone bond prices slip FT / Päivi Munter

Bush Faces a Harder Sell on Social Security Plan Bloomberg / John M. Berry

Older, Wiser, In Demand Orange County Register via Hartford Courant / Catrine Johansson

Corn, Soybeans May Rise as Rains May Reduce Crops, Survey Says Bloomberg / Jeff Wilson

Key Senator Speaks Up for FASB Stephen Taub

Walgreen Profits Rise 16 Percent AP via Philadelphia Inquirer

Day 2: I Learn the Books Are Cooked NY Times / Steve Lohr

Japanese 10-Year Bonds Decline as Stocks Surge, Services Report Bloomberg / Chris Cooper

Yen Rises to 2-Month High Versus Dollar as Japanese Stocks Gain Bloomberg / John Brinsley

Russia: S&P Rating Hinges on Reforms Reuters via Moscow Times / Richard Barley

John Kerry's `Blame China' Tactic Is a Loser Bloomberg / William Pesek Jr.

U.S. Treasury Investor Sentiment Holds Near Lowest of the Year Bloomberg / Heather Bandur

MN: Vacancy rates remain high Minneapolis Star Tribune / Terry Fiedler

It's wrong to think rates will keep on rising Independent / Stephen King

Are Markets Boring? Lew Rockwell via Ludwig von Mises Institute. Lew Rockwell

Japanese Bonds May Gain; BOJ Affirms Intent to Hold Down Rates Bloomberg / Keiko Ujikane

U.S. Trade Team Heads to China: Asian Events This Week Bloomberg / Philip Lagerkranser

Sorry, money still doesn't buy happiness Sydney Morning Herald / Ross Gittins

Fed Up With Filling Up Newsweek via MSNBC

Fed monetary policy stance — Why 2004 is not 1994 Business Line / V. Anantha Nageswaran

Survey: Oil futures may fall on OPEC supply China Daily / Mark Shenk

Donations rise, but not for all Christian Science Monitor / Stacy A. Teicher

Kerry's unhurried VP search Christian Science Monitor / Linda Feldman



Trends in Risk Management and Corporate Governance Federal Reserve Board Susan Schmidt Bies

New Jersey GOP Seeks To Block Debt Bond Buyer / Jill D’Ambrosio

Illinois Readies $750M Trust Fund Borrowing Bond Buyer / Yvette Shields

Getting to Know Inflation National Review / Larry Kudlow

IMF Managing Director Rodrigo de Rato's Statement at the Conclusion of His Visit to Japan IMF

CT: Rowland dodges impeachment, not disgrace / Eric Kelderman

Economy's cornerstone? Dallas Morning News via Wichita Eagle / Danielle DiMartino

2004 - 2005 U.S. Economic Outlook Fannie Mae / David Berson

General Mills ups some of its prices Minneapolis Star Tribune / Thomas Lee

Money keeps flowing into funds Philadelphia Inquirer / Jeff Brown

Are Home Prices the Next 'Bubble'? Federal Reserve Bank of New York

Shopping the world for a house CNN / Sarah Max

Donation Laws Go `Out the Window' at U.S. Conventions Bloomberg / Jonathan D. Salant

U.S. House Passes $416 Bln Fiscal 2005 Defense Bill Bloomberg / Tony Capaccio

MN: Exporting forecast appears strong Minneapolis Star Tribune / Dee Depass

Consumer confidence jumps CNN

Intellectual Property Forbes / Emily Lambert

Video rental business is taking a hit LA Daily News via Minneapolis Star Tribune / Greg Hernandez

Have Faith in the Fed, Not the Fed's Forecast Bloomberg / Caroline Baum

NY: ARMs race Journal News / Jerry Gleeson

Top Analyst Becker Exits Lehman Bros. NY Post / Paul Tharp

TX: White-collar jobs also exiting U.S. Dallas Fort Worth Star Telegram / Mark Horvit

Is the Dollar Crisis Over? Clif Droke Market Analysis via Safehaven / Clif Droke

U.K. 10-Year Gilts Drop on Expectations Key BOE Rates to Rise Bloomberg / Richard Blackden

Preparing for the 21st Century Economy Federal Reserve Bank of Philadelphia / Anthony M. Santomero

CO: Troubling bankruptcy trend Denver Post / Andy Vuong

U.S. chain store sales growth slows – report Reuters

CA: Interest rates may help cool housing market San Diego Union Tribunes / Mike Freeman

MA: Banknorth will buy Burlington's BostonFed Boston Globe / Sasha Talcott

Rich Americans are investing it safe Newsday / Regina Marie Glick

CO: Greenspan sworn in at Beaver Creek Denver Post / Leia Baez

Wal-Mart faces huge sex-bias case BBC News

Despite China's recent boom, many job seekers remain Knight Ridder via Seattle Times / Tim Johnson

Brazil’s Spreading Exports Worry Minnesota Farmers NY Times / Simon Romero

Mexican Peso Rises to 8-Week High Before Unemployment Report Bloomberg / Jennifer Coogan

How to slay America's monster trade gap? The Economist

Waterloo, Waterloo The Economist

Regulatory reform proposals Federal Reserve Board / Donald L. Kohn

Goldman and Morgan Stanley beat expectations FT / Mary Watkins

Money managers eye cash Bloomberg via Omaha World Herald

Bush, Kerry May Take Campaign to Outer Space Bloomberg / Andrew Ferguson

Learning the Hard Way Daily Standard / Irwin Stelzer

Canada: Hot housing prices countrywide trend Toronto Star / Tony Wong

France rebuilds ties, glass by glass CNN / Gordon T. Anderson

Swimming In Money Washington Post via Hartford Courant / Michael E. Ruane

Eurozone bond prices fall on weak business data FT / Päivi Munter

UK: Standard Life seeks new head of finance Guardian / Jill Treanor

Australia: Commodity exports heading for $93 billion record Sydney Morning Herald / Philip Hopkins

Taiwanese investment in China triples Bloomberg via Taipei Times

Reducing risk with derivatives IHT / Barbara Wall

Australian Dollar Rises on Optimism Exports to Japan Will Grow Bloomberg / Chris Young

Japanese Bonds Rise After MOF Backs Holding Down Interest Rates Bloomberg / Chris Cooper

Japanese Trade Surplus Probably Widened in May Bloomberg / Lily Nonomiya

World oil price 'set to ease' Australian Herald Sun / Scott Murdoch

India's Gandhi Must Burn Mother-in-Law's Recipe Bloomberg / Andy Mukherjee

Federal Help for United Appears to Be Less Likely NY Times / Micheline Maynard

Tribune to review all circulations Newsday / James T. Madore

Funds' Manager Makes $100 Million Settlement With S.E.C. NY Times / Eric Dash


State Borrowing Ballooned in 2003; Time to Reduce Bloomberg / Joe Mysak

The Next Decade for Mortgage Finance Freddie Mac / Frank E. Nothaft

Pig Book 2004 CAGW

The Pork Report 2004 Forbes / Ira Carnahan

Fed Approval Of Bank Merger Ignores Record Washington Post / Steven Pearlstein

Investor-friendly fund changes are in the wind St Louis Post Dispatch / David Nicklaus

TX: Banking on Texas San Antonio Express Courier / Bonnie Pfister

Pimco's Kiesel: Outlook for Bonds, Fed Policy and Strategy audio Bloomberg

Golfing and Massaging Japan Back to Health Bloomberg / William Pesek Jr.

U.S. to get tougher on items sent to Cuba Miami Herald / Nancy San Martin

Crude falls 68 cents to $37.57 a barrel Reuters via Houston Chronicle

Mexico Raises 2004 Growth Forecast to 4 Percent Bloomberg / Nick Benequista

What's in the new EU Constitution UPI / Roland Fleming

39 million Americans likely to travel July 4 AP via The State

Older U.S. workers grab jobs in China Wall Street Journal via The State

New jobs pay well CNN / Jeanne Sahadi

Women's Jobs Disappearing? Christian Science Monitor via ABC News / Alexandra Marks

British Billionaires Win Bid for the Daily Telegraph E Commerce News / Jim Kirk

AT&T lowers 2004 financial outlook AP via USA Today

US mutual funds to get outsiders BBC News

NYSE Seat Sells for 3% Less Than Last Week Bloomberg via LA Times

UK: Housing bubble fears 'overblown' BBC News

No Sign of a Housing Bubble, Study Says Reuters via LA Times

Milk prices may fall July 1 Newsday / Henry Gilgoff

High oil prices risk to global economy: IMF Reuters via Khaleej Times

Retail bond sale for GM Chicago Tribune

US Treasuries helped by indirect interest in sale Reuters / Chris Reese

State fairs sell good old days in new-fashioned ways / Jessica Kitchin

Monetary Discretion, Pricing Complementarity, and Dynamic Multiple Equilibria pdf Federal Reserve Bank of Richmond / Robert G. King and Alexander L. Wolman

US Treasuries supported by hopes for good auction Reuters / Wayne Cole

Summer of the Floating Rate / Stephen Taub

Beggars Can Be Choosers Ludwig von Mises Institute / Robert P. Murphy

AT&T to Stop Competing in Seven States After Ruling Bloomberg / Bill McGuire

Australia: Dark days for dollar as US prepares for rate rise Australian Financial Review / Phillip Baker

Refinancing still soft as rates dip Reuters via CNN

TN: Better budget raised state's bond outlook, agency says Tennessean / Amber McDowell

Hedge fund oversight discussed Bloomberg via Detroit Free Press / Robert Schmidt

CO: Home sales plunge Rocky Mountain News / John Rebchook

SEC Probes Brokers in $204 Billion Auction-Rate Bond Market Bloomberg / Otis Bilodeau

Eurex to end fees for year in U.S., offer payments Chicago Sun Times / Ann Saphir

Gold Little Changed in London as Traders Await U.S. Fed Meeting Bloomberg / Laura Humble

Wal-Mart Must Face Huge Sex-Bias Suit LA Times / Lisa Girion and Abigail Goldman

MD: Drivers turn to generic gas Baltimore Sun / Lorraine Mirabella

Apartment Deals on the Rise NY Times / Terry Pristin

The Fed and ECB -- Two Banks, One Oil Reality Bloomberg / Gene Sperling

Europe Starts to Look Like America's Poor Cousin Bloomberg / Matthew Lynn

New Korean Crisis? Risks Rising Bloomberg / William Pesek Jr.  

Feds Press Ahead With Investigation of Conn, Governor Newsmax

IMF chief urges nations to control inflation AFP via Business Day



Strategist predicting late-summer hurrah Globe and Mail / Shawn McCarthy

Co-operation and the Conduct of Economic Policy Bank of Canada / David Dodge

Morgan Keegan Taps Pitt to Build Midwestern Presence Bond Buyer / Yvette Shields

SEC Auction Probe Raises Questions Bond Buyer / Jacob Fine

UK: New pipeline to deliver a fifth of UK gas BBC News / Jorn Madslien

Pimco's Gross, McCulley: Bond Market, Rates and Strategy audio Bloomberg

The harder hard sell The Economist

PA: Court tosses out case against PNC Financial Pittsburgh Tribune Review / Thomas Olson

CA: Climate warnings: A manufacturing summit says the state's icy to business Sacramento Bee / Dale Kasler

Fed faces a delicate challenge Dallas Morning News / Danielle DiMartino

Canada: TD sees steady rate hikes by central bank over next 18 months Ottawa Business Journal

Crude rises 36 cents to $37.93 a barrel Reuters via Houston Chronicle

HealthSouth to pay $80 million to bondholders AP via Houston Chronicle

Two candidates, one economy, and disparate views of it AP via Philadelphia Inquirer / Martin Crutsinger

CA: Wine industry worth $45 billion to state San Diego Union Tribune / Michelle Locke

CT: State population steady; suburbs grow Connecticut Post / Rob Varnon

Why China's consumer spending rate keeps dropping People’s Daily

UK expected to change retirement age to 70 or never Investment and Pensions Europe

CA: Home costs burden Hispanics, study finds Orange County Register / Hang Nguyen

Senator: Were strings pulled on United's loan bid? USA today / Marilyn Adams

Turning Hopes to Poland NY Times / Regan Morris

Qwest No. 1 in fines by FCC Denver Post / Tom McGee

NC: Growers' co-op to make cigarettes AP via Charlotte Observer / Estes Thompson

Fed to survey small biz about financial services Washington Business Journal via Sacramento Business Journal / Kent Hoover

Average '04 raise estimated at 3.5% Dow Jones via Chicago Tribune

Chicago home sales, prices on rise Chicago Tribune

House ponders budget spending rules CBS Market Watch / William L. Watts

FASB holds meeting on expensing stock options Mercury News via Silicon Valley / Mark Schwanhausser

BofA to sell $1B in notes Sacramento Business Journal

Pimco's Brynjolfsson: Inflation-Protected Bonds, Fed Policy audio Bloomberg

China uncovers Olympic corruption BBC News

Fifth District Economic Indicators Federal Reserve Bank of Richmond

Playing it cool The Economist

Growth stocks, anyone? The Economist

EU: The right verdict on the constitution The Economist

Spain: The second transition The Economist

South Korea The Economist

US investors snap up inflation-protected debt Reuters / Dena Aubin

U.S. mortgage rates unchanged Thursday Reuters

Dollar Weakens as U.S. Durables Orders Fall, Bombs Hit Turkey Bloomberg / Monee Fields-White

Big Paydays for Bad CEOs MSN Money via The Street / John D. Markman

Prices Start to Creep Up Stephen Taub

Housing prospects seen key to currency markets Reuters / Gertrude Chavez

New home sales soar CNN / Chris Isidore

Rise of CD rates invites a short term strategy St. Petersburg Times / Helen Huntley

US Treasuries spring to life, yields hit month-low Reuters / Wayne Cole

Whose Mug on the Paper? Ludwig von Mises Institute / Clifford F. Thies

Bank of England Softens Its Hawkish Rates Stance Bloomberg / Mark Gilbert

Medicaid still busting state budgets / Erin Madigan

AZ: Cashing in on debt collection Arizona Republic / Russ Wiles

Reducing Budget Deficits Federal Reserve Board / Edward Gramlich

Emerging-Market Bonds Head for First Quarterly Loss Since 2002 Bloomberg / Gavin Serkin

Treasurys rally, dollar weakens CNN

Treasuries Rise After Drop in Goods Orders, Blasts in Turkey Bloomberg / Vivianne C. Rodrigues and Mark Tannenbaum

Eurozone bond prices rise after Turkish explosion FT / Päivi Munter

U.S. Orders for Durable Goods Declined 1.6% in May Bloomberg / Carlos Torres

Fed's Gramlich recommends tighter fiscal controls Reuters

Yen rises on bullish economic data FT / Steve Johnson

Coming Apart Hartford Courant / Stephen Franklin

The Ever More Graspable, and Risky, American Dream NY Times / Edmund L. Andrews

Russia: Way Cleared for Seizing Yukos Assets Moscow Times / Catherine Belton

Japan's April Demand for Services Expands 2.2% Bloomberg / Lindsay Whipp

UK: Expectations fall for July rate rise Guardian / Charlotte Moore

Oil exports at risk in Norwegian strike NY Times via IHT / Heather Timmons

China: Bond issue plan gets approval People’s Daily

Australia: Bonds close weaker Sydney Morning Herald

Yen Rises to 2-Month High on Speculation Japan's Services Grew Bloomberg / Taizo Hirose



New Jersey Judge Waits For Budget Ruling on Debt After McGreevey Signature Bond Buyer / Jill D’ AMbrosio

ICAP's Smith: Outlook for Global Bonds, ECB, Fed Policies audio Bloomberg

Internet Attack Exploits Microsoft Software Flaws Reuters / Duncan Martell

Lehman's Abate: Outlook for Fed Policy and Economic Growth audio Bloomberg  

US Treasuries rise on pre-weekend safety bid Reuters / Ellen Freilich

U.S. commercial real estate lags economy's upturn Reuters / Mark Felsenthal

IMF Managing Director's Statement at the Conclusion of a Visit to Singapore IMF / Rodrigo de Rato

World Bank doubles loans to India BBC News

The Perfect Real Estate Storm Realty Times / Blanche Evans

Factors deepen inflation's bite Knight Ridder via Akron Beacon Journal / Ken Moritsugu

Pay raises could be falling behind, studies find, in trend that's expected to continue into 2005 Knight Ridder via Akron Beacon Journal / Diane Stafford

On the Margin Baby Goldenbar via Safehaven / Ed Bugos

Putnam, Janus See More Withdrawals in May Bloomberg and LA Times via LA Times

Microsoft Seeks Suspension of EU Ruling, People Say Bloomberg / Matthew Newman

Leaping health costs sap pay hikes Boston Globe / Kimberly Blanton

Looking for rate hikes clues CNN / Chris Isidore

The Mortgage Finance Bubble Prudent Bear via Safehaven / Doug Noland

Are interest only mortgages safe? CNN / Walter Updegrave

Mexico Unexpectedly Takes No Action on Bank Lending Bloomberg / Nick Benequista

Canada: Embracing wind after years of cursing it Financial Post / Ian Karleff

PA: Campbell Soup lowers forecast as it cuts 400 jobs Philadelphia Inquirer / Harold Brubaker

CO: MCI to close Springs call center, lay off 650 Colorado Springs Gazette

$93 million May net loss, but United has operating profit Chicago Tribune via Ft. Lauderdale Sun Sentinel / Melissa Allison

Oil Heads for Biggest Weekly Drop in 3 Months as Strike Ends Bloomberg / Joe Carroll

Is the U.S. housing market a bubble? CBS Market Watch / Gregory Robb

Expected rate hike drives up mortgages Ft. Lauderdale Sun Sentinel / Rafael Gerena-Morales

Dalai Lama says PETA altered nature of appeal to KFC AP via USA Today

Tentative FOMC Meeting Schedule for 2005 Federal Reserve Board

Treasuries torn by slower growth, higher inflation Reuters / Wayne Cole

CBOT: Vote to be July 7 on policy decisions Bloomberg / Chicago Tribune

U.S. Treasury chief says backs strong dollar Reuters

Mexico's Central Bank Takes No Action on Overnight Lending Bloomberg / Nick Benequista

Japan still battling deflation BBC News

Gruebel, `Tough Guy' at Credit Suisse, Wins Power Bloomberg / Adrian Cox

Scandals have minimal impact on mutuals Newsday / Tami Luhby

Ex-Fidelity Director Accused Of Insider Trading Dow Jones via Hartford Courant

New-Home Sales Surge 15% in Buying Frenzy Reuters via LA Times

CA: Assessed value of property in county up 10% San Diego Union Tribune / Mike Freeman

TX: Home values rising, but pace tapers off Houston Chronicle / Nancy Sarnoff

GA: Suburbs display new appetite for luxury Atlanta Journal Constitution / Tinah SAunders

US economic growth weaker than expected FT / Christopher Swann

For sale: Provident subsidiary Cincinnati Enquirer / Jeff McKinney

1Q Economic Growth Slows to 3.9 Percent AP via Forbes

Fairness with Your Coffee? Ludwig von Mises Institute / N. Joseph Potts

Wanted: a cure for weltschmerz The Economist

Yen falls back as deflation gathers pace FT / Steve Johnson

Gold eases a little but holds above $400 FT / Kevin Johnson

Eurozone bonds rise on weak Ifo survey FT / Ivar Simensen

Mortgage rates drop slightly to 6.25 percent AP via Dallas Fort Worth Star Telegram

New SEC rules hit the little guys hard Seattle Post Intelligencer / Bill Virgin

WA: Uninsured pay a high price Seattle Post Intelligencer / Candace Heckman

There's Some Easy Money in Flipping Municipal Bonds Bloomberg / Joe Mysak

Pimco's Gross Says U.S. Treasuries Are Good Investments Again Bloomberg / Brian Sullivan

Current Account Deficit Poses Serious Risks Bloomberg / John M. Berry

Fed's Geithner Drops Some Useful Investing Hints Bloomberg /  Chet Currier

Now Hear This: Study Finds Housing Not a Bubble Bloomberg / Caroline Baum

Capitol Hill flirts with reviving sales tax deduction / Pamela M. Prah

U.S. First-Quarter GDP Seen Rising at a 4.4% Pace, Survey Shows Bloomberg / Joe Richter

Oslo under pressure to end oil strike FT / Nicholas George

Oil May Fall Next Week on Iraqi, Norwegian Supply, Survey Shows Bloomberg / Mark Shenk

Tokyo Core Consumer Prices Declined 0.1% in June Bloomberg / Tim Kelly

Bank of Japan Expected to Leave Rates Alone Bloomberg / William Pesek Jr.

UK: CBI fears wavering industrial recovery Guardian / Ashley Seager

Russia: Another Bank Loses Its License Bloomberg and Moscow Times via Moscow Times

Janus Funds suffer $1.5B in outflows Bloomberg via Denver Post / Parris Kellermann and Aaron Pressman

Credit Suisse Parts Ways With a Chief NY Times / Landon Thomas, Jr.

Japan's Bonds Gain as Consumer Prices Drop, BOJ Holds Down Rate Bloomberg / Beth Thomas

France's forecast now 2.3% AP and Reuters via IHT

EU commissioner says budget rules too strict AP and Reuters via IHT

Yen Drops After Japan's Consumer Prices Fall More Than Expected Bloomberg / Taizo Hirose

Citigroup suspends China dealmakers Business Standard / Francesco Guerrera


Annual Convention of the U.S. Conference of Mayors Freddie Mac / Richard F. Syron

Banking Agencies Announce Publication of Revised Capital Framework and Describe U.S. Implementation Efforts Federal Reserve Board

CA: Gas prices may go back up Sacramento Bee / Dale Kasler

CT: Economic numbers look good; troubles linger in real world Connecticut Post / Rob Varnon

U.S. urged to condemn oil trial Washington Times / Stephanie Wrenched

Central bankers back new bank capital rules FT

TX: Job security hopes fading Dallas Morning News / Katherine Yung

TX: Jolted workers rethink life's basics Dallas Morning News / Katherine Young

11th hour: Criminal charges were weighed for Strong Milwaukee Journal Sentinel / Paul Gores and Kathleen Gallagher

Japan's soaring debt now more than 700 trillion yen Japan Times

European Bonds Rise for Second Week as Business Sentiment Falls Bloomberg / Steven Rothwell

It's time to rethink investments in bonds AP via Tallahassee Democrat / Meg Richards

The ARMS Trade Thoughts From The Frontline via Safehaven / John Mauldin

OH: Home sales set records in Ohio Akron Beacon Journal / Brian Charlton

Capital One in $2.6 Bln Bid for UK Bank Reuters via ABC News

Few funds ended quarter on upside AP via Seattle Post Intelligencer / Michael J. Martinez

Fed chief fouls off Bunning Cincinnati Post / Michael Collins

Canada: Growing U.S. deficit could sideswipe Canada Globe and Mail / Mathew Ingram

UK: Berkeley sale ups housing crash fear Guardian / Heather Tomlinson

CA: Fighting a 'Subprime' Lender LA Times / E. Scott Reckard and Susan Anasagasti

British Pound Has Weekly Decline on House Price Growth Concern Bloomberg / John Beresford-Peirse

World's bankers update risk rules Reuters via CNN

Lockheed Martin Cancels $1.66 Bln Purchase of Titan Bloomberg / Edmond Lococo

New Jobs Beneficial, May Lack Benefits Reuters via ABC News / Kim Dixon

The multibillion robbery the US calls reconstruction Guardian / Naomi Klein

China Pays a Price for Cheaper Oil NY Times / Keith Bradsher

Mack just wasn't the sharpest knife in the drawer Telegraph / Kate Rankine



Interest-rate hike will start return to normalcy St. Louis Post Dispatch / David Nicklaus

Search for nurses crosses borders AP via Tallahassee Democrat / Morgan Lee

Many opt out of retirement AP via Houston Chronicle / Brad Foss

Gross domestic product fails to live up to advance notices Dallas Morning News / Danielle DiMartino

Too Little, Too (Inf)late NY Post / Terry Keenan

Rate boost by Fed likely to be first of series Milwaukee Journal Sentinel / Avrum D. Lank

Holding Pattern NY Post / John Motavalli

Mizuho's Quan: Fed Policy, U.S. Economy, Consumer Spending audio Bloomberg

Debt, Measuring Sticks and Tea Leaves Washington Post

The awful truth of longevity risk Miami Herald / Harriet Johnson Brackey

Emerging bond investors focus on the U.S. Fed Reuters / Hugh Bronstein

Where the rate hike will hurt CNN / Jeanne Sahadi

PA: 2004 Pittsburgh Tribune Review / Jack Markowitz

Europe to snub China on status of economy FT / Tobias Buck and Mure Dickie

EU: Tax dodgers proving quicker than tax collectors AP via Houston Chronicle / Paul Geitner

U.S. banks want same risk rules at home and abroad Reuters / Thomas Atkins

DOW Pittsburgh Tribune Review / Gregory M. Drahuschak

UK: How we won the Telegraph - by the Barclays Guardian – Observer

EC suspends Microsoft sanctions BBC News

US wants reconstruction fund to pay Saddam debts Guardian – Observer / Nick Mathiason

Fed says inflation's low; shoppers snicker Knight Ridder via Wichita Eagle / Ken Moritsugu

Rates rising Orange County Register / James B. Kelleher

It's good time to pay down credit card and home equity loan debt Akron Beacon Journal / Jim Mackinnon

AZ: Once Phoenix builds it, conventions will come Arizona Republic / John Stearns

NV: Not much interest Las Vegas Review Journal / John G. Edwards

TX: Used car lots thrive when going gets tough Dallas Morning News / Terry Box

Canada: Sure, you can lock in — for double the rate CP via Toronto Star / Gary Norris

A modest Lake Tahoe home? Try $1 million Sacramento Bee / Jack Sirard

Treasuries back in good stead, Pimco's Gross says Bloomberg via Orange County Register / Sullivan and Al Yoon

Is there optimum inflation? Orange County Register / Jonathan Lansner

Born-again IPO fanciers throw caution to the wind San Francisco Chronicle / Alan T. Saracevic

Schwab tries to polish its image San Francisco Chronicle / Amy Wu

Chinese cars coming to U.S. Reuters via CNN

Green Party Rejects Nader Newsmax

Time's running out to get cheap money Baltimore Sun / Jamie Smith Hopkins

Name of the game: Wait for the Fed Newsday / Susan Harrigan

Fed set to embark on 'measured' rate-rise campaign Reuters / Tim Ahmann

Greenspan, Fed have no bite to their bark Washington Post via Charlotte Observer / Steven Pearlstein

Corporate cash stash raises query: Where will it all go? Baltimore Sun / Jay Hancock

Is inflation protection worth it all? Chicago Tribune / Bill Barnhart

All Bonds Aren't Equal Wall Street Journal via Denver Post / Andrew Blackman

Economy should boost stocks despite rate hikes Chicago Sun Times / Mitch Zacks

Think investing in rental property is safe? Maybe not LA Times via Mercury News / Kathy Kristof

Service providers flocking to eBay AP via Ft. Lauderdale Sun Sentinel / Harry R. Weber

NC: Billions in salaries could flee Carolinas Charlotte Observe / Stella M. Hopkins and Ted Mellnik

MN: Condos go commercial Minneapolis Star Tribune / Terry Fiedler

CO: An exercise in affordable housing Denver Post / Al Lewis

Mirror:Mirror - The Command Economy Takes Hold Macroeconomic Newsletter via Safehaven / Warren Pollock

The Crude Awakening Daily Reckoning via Safehaven / John Myers

CA: Catching a Wave Out of Pricey California LA Times / Stephanie Simon and Lianne Hart

CA: And yet, we fret LA Times / Allison B. Cohen

It's Almost Unanimous NY Times / Jonathan Fuerbringer

Federal Reserve is at a turning point Seattle Times / Drew DeSilver

Biggest Fund Reforms May Lie Ahead Hartford Courant / Andrew Leckey

Janus planning sweeping changes CBS Market Watch / Jonathan Burton

Fed Chief's Next Chapter Should Be A Good Read Hartford Courant / Andrew Leckey

Simmering economy felt at work, on table, in bills Houston Chronicle / Shannon Buggs

With Kinko’s addition, FedEx continues to deliver growth The State / Ben Werner

Up, Yes. But How Much, How Fast? NY Times / Edmund L. Andrews

Reforming Hedge Funds NY Times

The Yin, the Yang and the Deal NY Times / Landon Thomas, Jr.

After Greenspan, Who? Business Week / Kevin Harris

No need to dread increase by Fed Minneapolis Star Tribune / Mike Blahnik 



The Guild of Greed UPI / Martin Hutchinson

US Sees OPEC Oil Earnings Up 19 Percent Reuters via Washington Post / Tom Doggett

Washington Mutual Cuts Profit Outlook on Rising Rates Bloomberg / Michael Nol

Merrill Lynch's Rosenberg: Fed Policy Outlook, Bond Market audio Bloomberg

Money Matters & Gold # 2 Value View Gold Report  via Safehaven / Ned W. Schmidt

AL: Merger fever's heating up for several banks based in Alabama Tennessean / Gethan Ward

U.S. is no longer the fairest Dallas Morning News / Danielle DiMartino

U.S. may boost aid for manufacturers AP via Buffalo News / Mallia Rulon

India: As bonds sag, India lenders feel pinch Bloomberg via IHT / Gautam Chakravorthy

Oil prices drop sharply on Iraq, Norway news Reuters via Houston Chronicle

What ending would you write to looming deficit drama? CBS Market Watch / Paul B. Farrell

GM: Sales not meeting expectations Reuters via USA Today

U.S. 10-Year Note Has Biggest Drop Since May on Inflation Data Bloomberg / Heather Bandur and Monee Fields-White

Dollar dips in choppy trade ahead of Fed FT / Steve Johnson

Rate Hike Fears May Be Overblown LA Times / Tom Petruno and Kathy M. Kristof

Interest rise would lift vehicle costs Detroit Free Press / Susan Tompor

CA: California, Cities in Convoluted Fiscal Pact LA Times / Michael Hiltzik

WA: Sims runs in primary on dreaded 'T' word Seattle Post Intelligencer / Angela Galloway

Mr. Compromise to lead the European Commission The Economist

Could the Fed surprise us? Globe and Mail / Mathew Ingram

UK’s BOE warns on move to alternative assets Investment and Pensions Europe

China Overtakes U.S. As Investment Target AP via Forbes

Higher rates? Bring 'em on! CNN / Paul R. La Monica

Good news expected on job front Bloomberg via Morning Call / Vince Golle

U.S. 2-Year Note Has Biggest Drop in 2 Weeks on Inflation Data Bloomberg / Heather Bandur and Monee Fields-White

How to Boost Returns in Overpriced Retirement Plans Bloomberg / John Wasik

US consumer confidence boosted by rising wages FT / Christopher Swann

Profit-hungry banks take on "tenuous" risks – BIS Reuters

Yen Declines After Fukui Says Japan Far From Ending Deflation Bloomberg / Lianne Gutcher and Mark Tannenbaum

Dollar Slips on Signs Inflation Is Muted Reuters via Yahoo / Gertrude Chavez

Rate-increase winners may contain a twist AP via Flint Journal

Raymond James's Brown: Fed Policy, Iraq Sovereignty, Jobs audio Bloomberg

DC: Inflation in Region Lags National Figure Washington Post

Big GAAP, Little GAAP / Joseph McCafferty

A Prayer and $500 Mln Might Save United Bloomberg / Doron Levin

EU 'to deny China market status' BBC News

Honk If You're OK With Oil Prices Forbes / David Simmons

Gasoline prices fall another 7 cents AP via Houston Chronicle

Fed hike likely to fuel bankruptcies Chicago Tribune / Robert Manor

U.S. Treasury Notes Decline After Report Shows Faster Inflation Bloomberg / Heather Bandur

Consumer Spending Hits Two-Year High AP via Forbes

Falling Prices Continue to Plague Japan's Economy Bloomberg / David DeRosa

College loans: Debt or investment? Milwaukee Journal via The State / Laura Steele

U.S. Notes May Rise as Fed Seen Raising Rate by a Quarter Point Bloomberg / Shamim Adam

Families, Deep in Debt, Facing Pain of Growing Interest Rates NY Times / Louis Uchitelle

ECB May Keep Rates Unchanged as Economy Recovers, Survey Shows Bloomberg / Sonja Dieckhoefer

Bank of England Says Lenders May Suffer as Rates, Debt Rise Bloomberg / Julia Kollewe

UK: Bank faces up to implications of putting our houses in order Guardian / Charlotte Moore

Japan's national debt tops $6.5 trillion Bloomberg via IHT / Lindsay Whipp

Can Indonesia Still Blame IMF Six Years Later? Bloomberg William Pesek Jr.

"My Goal for Inflation Is Zero" Business Week / William Poole

Greenspan tiptoes on a tightrope Guardian / Ashley Seager

Yen Poised to Extend Advance Against Dollar, Euro Bloomberg / Mark Tannenbaum

Mr. Donaldson's Next Move Washington Post

Hiring up, but many jobless not looking Christian Science Monitor / Ron Scherer

The rocky road to mutual-fund morality Christian Science Monitor / David R. Francis

A record year for shareholder activism Christian Science Monitor / G. Jeffrey MacDonald

Now, being a Yankee isn't dandy Christian Science Monitor / Clayton Collins

China: Insurance assets total 1trillion yuan: official People’s Daily

Russia: IMF Sees 'Emerging Signs' of Economic Peril Reuters via Moscow Times

NATO struggles as global cop Christian Science Monitor / Peter Ford


Traders drive oil prices lower AP via Tallahassee Democrat / Brad Foss

Consumer Confidence Conference Board

America: the world's biggest hedge fund The Economist

BMA’s Mid Year Forecast BMA

BMA’s Mid Year Forecast – Full Report pdf BMA

CA: State housing market called vulnerable Sacramento Bee / Andrew LePage

Fed move no surprise to the equity markets Minneapolis Star Tribune / Mike Blahnik

Buffett on the block: no bids yet CNN

Low-wage jobs rise at faster pace USA Today / Barbara Hagenbaugh and Barbara Hansen

Mystery Behind Late Release of PPI Data NY Post / John Crudele

Feeling WaMu's pain CNN / Mark Gongloff

Treasuries higher as investors look to Fed FT / Jennifer Hughes and Paivi Munter

Rising inflation may put pressure on policy-makers MSNBC / Martin Wolk

Waiting on the Fed CNN / Alexandra Twin

Interest Rate Hikes to Pinch Credit Cards AP via Hartford Courant

Gold futures close at a two-week low CBS Market Watch / Myra P. Saefong

Money Matters No More? Ludwig von Mises Institute / Joseph T. Salerno

Federal Reserve Board on Tuesday announced the appointment of Scott G. Alvarez as its General Counsel Federal Reserve Board

Credit delinquencies drop sharply AP via Baltimore Sun / Jeannine Aversa

Washington Mutual Slashes Profit Forecast Reuters via LA Times

Economist: Watch crude oil prices Milwaukee Journal Sentinel / Katherine M. Skiba

Even with rising rates, an ARM may still make sense LA Times via Ft. Lauderdale Sun Sentinel / Kathy Kristof

Bank One to Settle Hedge Fund Allegations AP via Newsday / Dave Carpenter

Fed's rate hike won't be a shock to consumers Philadelphia Inquirer / Jeff Brown

Rate hike reservations Washington Times / James Galbraith and Jude Wanniski

MN: Some businesses eagerly awaiting a rate increase Minneapolis Star Tribune / Chris Serres

Bonds Have Worst Quarter Since 1980; Rate Rise Looms Bloomberg / Elizabeth Stanton

Retail sales forecasts shivering Target, Wal-Mart lower outlooks, blaming cool June weather St. Paul Pioneer Press / Scott Carlson

Funds Manager Is Said to Face S.E.C. Inquiry NY Times / Gretchen Morgenson

Australian Trade Gap Unchanged; Exports Rise in May Bloomberg / Victoria Batchelor

Brazil's Big Stake in Cotton Likely to Become Bigger NY Times / Todd Benson

United's Bid For Backing Gets a Final Rejection Washington Post / Keith L. Alexander

Fed set to end a two-decade rate-cutting era this week NY Times via IHT / David Leonhardt

How rising interest rates will hit consumers Christian Science Monitor / Ron Scherer

Russia: LUKoil to Pump Iraq Oil in '05 Moscow Times

Oil prices slide more than $1 as Iraq exports recover Gulf Daily News

Tired of premium? These cars tank up on vegetable oil Christian Science Monitor / Elizabeth Armstrong

Rate hike a sure thing, but its effects harder to predict Newsday / James Toedtman

Yen Erases Gain After Factory Output Rises Less Than Expected Bloomberg / Taizo Hirose


Chicago PMI tumbles, below views CNN

Freddie Mac Reports 2003 Financial Results Freddie Mac

U.S. Treasuries keep gains in Asia after FOMC Reuters

First rate move over, investors ask 'what's next?' USA Today / Adam Shell and Matt Krantz

FL: Higher rates? This could be interesting Orlando Sentinel / Susan Strother Clarke

Federal Reserve prepared the bond market Dallas Morning News / Pamela Yip

SEC Issues New Muni Data Bond Buyer / Lynn Hume

Illinois Starts Bear Stearns Investigation Bond Buyer / Yvette Shields

Where the rate hike will be felt Dallas Morning News / Danielle DiMartino

CA: Home builders scurry for cement Sacramento Bee / Andrew LePage

Wachovia to split retail bank's management in two Reuters

Supply data to show slower growth CBS Market Watch / Rex Nutting

Freddie Mac In Clearer Focus Forbes / Ari Weinberg

United employees facing more painful cutbacks AP via Arizona Republic

Dollar edges lower after US rate increase FT / Jennifer Hughes and Steve Johnson

Higher Rate Doesn't Mean Much Higher Washington Post / Nell Henderson

UK: City welcomes US interest rate rise PA via Guardian

Fed Increases a Key Rate by 1/4 Point; First Rise in 4 Years NY times / Edmund L. Andrews

FOMC Statement Federal Reserve Board

FL: Rate hike won't smart Tallahassee Democrat / Rocky Scott

Fed raises rates for first time in four years FT / Andrew Balls

WA: State pension fund grows Seattle Times / Stephen Dunphy

Gas and Oil Bring Japanese Money to Russia's Far East NY Times / James Brooke

Italy can avoid warning on deficit if it offers corrective measures: Zalm AFP via EU Business

UK: King repeats warning that house prices could fall FT / Ed Crooks

Treasury Notes Rise; Fed Says Rate Increases Can Be `Measured' Bloomberg / Heather Bandur and Monee Fields-White

What to do with your bonds CNN / Walter Updegrave

Fed raises key interest rate Newsday / James Toedtman

Fed gone wild? CNN / Mark Gongloff

Fed Raises Rate to 1.25%, Maintains `Measured' Pace Bloomberg / Craig Torres

Fed Raises Interest Rate a Quarter Point Milwaukee Journal Sentinel

Canada: A mandate but no majority for Martin The Economist

Amtrak makes pitch to Congress Chicago Tribune / Jon Hilkevitch

Yes, But Forbes / James Grant

U.S. June Chicago Purchasers Index Falls to 56.4 Bloomberg / Carlos Torres

Treasuries Rise on Optimism Rate Increases Will Be `Measured' Bloomberg / Heather Bandur and Monee Fields-White

Lame-duck Greenspan is still running strong AP via Detroit Free Press / Martin Crutsinger

Fed May Raise Rate to 1.25%, Keep `Measured' Pace Bloomberg / Will Edwards

Baby steps at the Fed CNN / Kathleen Hayes

A slow dance at the Fed Chicago Tribune

Wall Street hanging on Fed's words Reuters via CNN

Mortgage demand dips as rates drift Reuters via CNN

Freddie Mac earnings are down 52 percent AP via New Jersey Star Ledger / Marcy Gordon

No one escapes justice, warns Wall St lawman Telegraph / Simon English

For Airlines, a Long Argumentative Summer NY Times / Micheline Maynard

Eurozone bond yields ease ahead of Fed rate decision FT / Charles Batchelor

Canada: Local bankruptcy rates decline again in May Ottawa Business Journal / Leo Valiquette

Polish central bank hikes rates UPI via Washington Times

Estonian economy soars in first quarter UPI via Washington Times

Will ECB Independence Threaten ECB Independence? Bloomberg / Caroline Baum

SEC Inquiry May Disrupt Auction Securities Market Bloomberg / Joe Mysak

Japan's Five-Year Notes Rose After Koizumi Supports Zero Rates Bloomberg / Chris Cooper

Dollar Rises Versus Yen; Fed May Signal Further Rate Increases Bloomberg / Taizo Hirose

Fed helps to temper dollar's gains on euro Reuters via IHT

Higher Rates Will Slam Banks and Borrowers NY Post / Diane Hess

8 Investment Firms Are Fined in Sales of Municipal Bonds Bloomberg / NY Times

Study: Gold Medals Are Linked to Economics Moscow Times / Greg Walters

Fed May Raise Rate to 1.25%, Keep `Measured' Pace, Surveys Say Bloomberg / Will Edwards

Fed’s Expected Increase May Offer Respite for Other Central Banks NY Times / Mark Landler

US interest rate poised to rise BBC News

The Pentagon's revolving door to riches NY Times via IHT / Leslie Wayne

Investors Primed for Quarter-Point Rate Increase: Taking Stock Bloomberg / Danielle Sessa

Can Greenspan Mitigate China's Rate Headache? Bloomberg / Andy Mukherjee

Japan's Five-Year Notes Gain After Koizumi Supports Zero Rates Bloomberg / Chris Cooper

Japan: Jobless rate declines to 45-month low of 4.6% Japan Times