Bondhead News Archive

July 01 – July 15


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'The Fed's behind the curve' USA Today Barbara Hagenbaugh

May's Muni Fund Losses 2d-Highest on Record Bond Buyer / Jacob Fine

SEC Doing Pay-to-Play Examinations Bond Buyer / Lynn Hume

The Yield Curve: Its Not Bearish But The Trend Has Changed The Technical Take via Safehaven / Guy M. Lerner

25 Basis Points Down, How Many More? Prudent Bear via Safehaven / Chad Hudson

The Austrian Threat to Poland? Ludwig von Mises Institute / D. W. MacKenzie

Fed's raising interest rates -- here's what it means Akron Beacon Journal / Jim Mackinnon

Treasury frustrated by Freddie Mac delay in reporting results Bloomberg via Ft. Lauderdale Suns Sentinel / James Tyson

Tech Boom Veterans Return, Quietly Washington Post / Shannon Henry

MO: Holden signs jobless-fund bill St. Louis Post Dispatch / Terry Ganey

OK, now what? Seattle Times / Stephen Dunphy

Greenspan gambles on low inflation BBC News / Stephen Evans

Interest-rate rise signals end of easy-money era Seattle Times / Michael Oneal

Interest Rate Hike Will Hurt Borrowers LA Times / Kathy Kristof

Economic data have short life Dallas Morning News / Danielle DiMartino

Surprise informer in Newsday scam New York Daily News / Paul D. Colford

MA: Home prices poised to take a hit Boston Globe / Thomas C. Palmer Jr.

It's not the bank you used to know Seattle Post Intelligencer / Bill Virgin

Analysts don't see coming increases as election issue Boston Globe / Robert Gavin

Fed raises key interest rate for first time in over 4 years Boston Globe / Robert Gavin

Treasuries recover after car sales disappoint FT / Jennifer Hughes, Charles Batchelor and Mariko Sanchanta

Oil prices soar for second straight day Reuters via MSNBC

UK: Fed relief shortlived as warnings hit London FT / Chris Flood

Brazil Had Record $3.8 Billion Trade Surplus in June Bloomberg / Carlos Caminada

Life in the vault The Economist

Fed toiled over word "measured" Reuters via CNN

Greenspan held steady with his holdings in '03 AP via Minneapolis Star Tribune / Jeannine Aversa

Inflated expectations The Economist

How long can jobs grow? CNN / Chris Isidore

U.S. June Auto Sales Decline 2% as General Motors, Ford Fall Bloomberg / Bill Koenig

White House Has Wary Eye on Fed's Plans LA Times / Janet Hook

Russia: Yukos bankruptcy threat as accounts frozen FT / Andrew Jack

Alcohol consumption The Economist

Mortgage rates drop after Fed move Orange County Register / Hang Nguyen

Yen lifted by strong Tankan survey FT / Steve Johnson

India Sets a Fast Pace, Expanding 8.2% in Year NY Times / Saritha Rai

Buffett, lunch? You're buying Newsday / Pradnya Joshi

Facts defuse most anger over Fed's rate increase Chicago Tribune / Bill Barnhart

Rates rose as the Fed dithered IHT / Floyd Norris

WI: Judge OKs bond fund deal Milwaukee Journal Sentinel / Kathleen Gallagher

Higher long-term rates hit some funds San Francisco Chronicle / Kathleen Pender

J.P. Morgan's Dimon to Show Citigroup Who's Boss Bloomberg / Edward Robinson

The Greenspan putt Economist

HI: Mortgage rates not tied to Fed Honolulu Star Bulletin / Dan Martin

TN: Higher Fed rate may turn 'nothing' to something Tennessean / Getahn Ward

U.S. 10-Year Note Falls; Manufacturing Index Near 20-Year High Bloomberg / Heather Bandur and Monee Fields-White

Bunds unmoved by ECB rate decision FT / Charles Batchelor

Manufacturing activity increases in June AP via Seattle Post Intelligencer / Adam Geller

Drug Prices Outpace Inflation Hartford Courant / John A. McDonald

CBOT June volume growth slower, still up 21 pct Reuters

US Treasuries ease back, divided on business data Reuters

ECB Holds Key Rate at 2%, Declining to Follow Fed Bloomberg / Christian Baumgaertel

Fed's Greenspan Still Doing Backbends at Age 78 Bloomberg / Caroline Baum

Fed Raises Rate, Sticks to `Measured' Approach Bloomberg / John M. Berry

Fed rate hike may scarcely be felt Dallas Fort Worth Star Telegram / Ilene Aleshire

Surprise! Fed Hikes Short-Term Rates / Stephen Taub

The only way is up for interest rates and inflation London Times / Anatole Kaletsky

Inflation to affect Fed's rate policy Bloomberg via Detroit Free Press / Craig Torres and Alison Fitzgerald

Playing Catch Up NY Post / Suzanne McGee

As Greenspan Chases Inflation, Critics Shout, 'Faster!' NY Times / Gretchen Morgenson

Jobless Claims Rise Unexpectedly Reuters / Namncy Waitz

FASB Might Delay Options Expensing / Stephen Taub

JP Morgan sued on Bank One price NY Post / Jenny Anderson

U.S. Treasuries Drop; Jobs Report May Spur More Rate Increases Bloomberg / Shamim Adam

America the richest - depending on how you count Christian Science Monitor / David R. Francis

Output levels adequate: Saudis Reuters and Riyadh via Taipei Times

US interest rates go up for first time in four years Telegraph / Simon English

Fed's Rate Move May Not Kill Goldman's `A-B-C' Bloomberg / Andy Mukherjee

Russia: Yukos Refuses to Pay Full Bill Moscow Times / Catherine Belton

Trichet Should Hold Out Against Global Rate Moves Bloomberg / Matthew Lynn

Yen Rises; Tankan Shows Business Optimism Gains to 13-Year High Bloomberg / Taizo Hirose

Russia: World Bank Upbeat Despite Oil Worry Moscow Times / Maria Levitov


Bankers Say NFL's Jets Could Use Munis for Most of Stadium Costs Bond Buyer / Michael McDonald

Jordan completes IMF programme BBC News

Yukos' Bank Accounts Arrested Moscow Times / Catherine Belton

Yahoo: 47% of workers looking for new jobs CBS Market Watch via Wichita Eagle / Andrea Coombes

Hedge-fund cowboys are about to be corralled by SEC St. Louis Post Dispatch / David Nicklaus

Bank merger may cost Sallie Mae some business Washington Business Journal / Jeff Clabaugh

Dex owners milk cash cow with IPO Denver Post / Al Lewis

May Semiconductor Sales Rise 37 Percent Reuters / Daniel Sorid

NY: City fumbled numbers Newsday / Errol A. Cockfield

TX: Dallas workers uneasy Dallas Morning News / Victor Godinez

Bush touts 'stong, steady' economic growth UPI / Marie Horrigan

Treasury's Snow: U.S. June Jobs Report and Mortgage Rates audio Bloomberg

Bush Says Economy Strong; Kerry Says Workers Struggle Bloomberg / Roger Runningen

House prices and the Fed CNN / Walter Updegrave

Inflation rears its ugly head as prices climb at 5.1% rate Milwaukee Journal Sentinel / Tom Saler

Burger King CEO Blum Steps Down AP via Philadelphia Inquirer / Adrian Sainz

Euro growth 'to beat forecasts' BBC News

Brazil's real gains on dollar UPI via Washington Times

Dollar sinks as US payroll data disappoint FT / Neil Dennis

U.S. Treasury Notes Surge After Economy Adds Fewer Jobs in June Bloomberg / Heather Bandur and Monee Fields-White

Bond broker eSpeed sinks 28 pct on lowered view Reuters / Jonathan Stempel

U.S. junk bonds funds see $2.1 mln inflow in week Reuters

Unemployment Rate Holds Firm in June AP via Forbes

White Indictment Shows Why Auction Sale Is Better Bloomberg / Joe


Winning The Peace Pimco / Paul McCulley

Middle Market Bond Dealer Research Report pdf BMA

It's Time to Revisit Business-Cycle Dynamics 101 Bloomberg / Caroline Baum

Independent Chair at Funds Bound to Be a Hot Seat Bloomberg / Chet Currier

Buyer’s Remorse? National Review / Larry Kudlow

Enough Rope? Contrary Investor via Safehaven

Taiwan: Central bank decides against changing key interest rates following U.S. move Central News via Taiwan News

India: Age of soft interest rates is truly fading away: Bankers Indian Express / George Mathew

Fed members differed on rate rise message FT / Andrew Balls

Minutes Show Fed's Caution With Target Rate Washington Post / Nell Henderson

Nice and Easy at the Fed Christian Science Monitor

Can Rising Rates Stimulate Housing? Fed Makes It Happen, for Now NY Times / Floyd Norris

Morningstar joins ETF parade CBS Market Watch / John Spence

AZ: Rental car companies flocking to suburbs Arizona Republic / Meghan Moravcik

UK: Bank's deputy governor warns house buyers to sober up Guardian  / Ashley Seager

UK: Standard takes hit on finance worries Guardian / Rupert Jones

Foreign direct investment The Economist

Maybe Japan's Bond Market Does Make Sense Bloomberg / William Pesek Jr.
Japanese Bond Futures Rise as Nikkei 225 Stock Average Slumps Bloomberg / Chris Cooper

Oil May Fall Next Week as OPEC Shipments Arrive, Survey Says Bloomberg / Mark Shenk

Yen Declines Versus Dollar, Euro After Japanese Stocks Drop Japan Bloomberg / John Brinsley


Despite new increase, interest rates still seen as good deal AP via Grand Forks Herald / Jeannine Aversa

Prime rate standard in borrowing Connecticut Post / Paw Dawkins

Managers defend hefty cash reserves Bloomberg via Seattle Post Intelligencer / Chet Currier

Reforms, globalization make latest Japanese revival more than a 'bubble' AP via Jacksonville Democrat / Yuri Kageyama

Kerry to Announce Running Mate in E-Mail AP via Ft. Lauderdale Sun Sentinel

MN: The best money managers in Minnesota Minneapolis Star Tribune / Mike Blahnik

Exodus of white-collar talent is draining nation's potential Dallas Morning News / Ricardo Sandoval

As Bills Mount, Debts on Homes Rise for Elderly NY Times / Jennifer Bayot

Hey, kid: Got $8.6 trillion? Dallas Morning News / Scott Burns

Don't dump bonds; diversify AP via Minneapolis Star Tribune / Meg Richards

KS: Sales of patriotic items fall to earth this Fourth Wichita Eagle / Daxton Spencer

CA: Economist says Home Prices to Decline Santa Cruz Sentinel / Heather Boerner

CA: What it Takes to Buy a Median Priced Home Santa Cruz Sentinel / Peter Boutell

Canada: Building innovative economy Martin's first task Toronto Star / David Crane

U.S. 10-Year Treasury Note Has Biggest Weekly Gain in 6 Months Bloomberg / Heather Bandur and Monee Fields-White

Freedom Tower Lew Rockwell / Mark Thornton

Why Interest Rates Will Rise Safehaven / John Mackenzie

Kukla, Fran, and Alan Lew Rockwell / Gary North

The Real Growth in Housing Thoughts From The Frontline / John Mauldin

Shrimpers strike back Houston Chronicle / Nelson Antosh

S.E.C. Chief Won't Take Part in Inquiry AP via NY Times

Economy wears 2 faces for campaign Knight Ridder via Detroit Free Press / Ken Moritsugu and Thomas Fitzgerald

Calm before the storm CNN / Mark Gongloff

FL: Truckers extend port strike Ft. Lauderdale Sun Sentinel / Dorren Hemlock

CA: Yen for L.A. Is Coming Back LA Times / Debora Vrana

Tired gains for mutual funds; risk-aversion strategies fared the best AP via Seattle Times / Michael J. Martinez

S.E.C Wants To Know How Telecoms Count Customers NY Times / Ken Belson

Police Enter Offices of Oil Giant Yukos AP via Newsday / Jim Heintz

MN: Microsoft settlement: Much ado, but tiny rebates Minneapolis Star Tribune / John Reinan

Ford, GM plan new incentives Chicago Tribune via Buffalo News / Rick Popely

Amtrak workers can't walk AP via Clarion Ledger

Is there a 'housing bubble' and will rate hike burst it? AP via Clarion Ledger / Bruce Meyerson

Mortgage Rates Fall AP via NY Times

Italy's Finance Minister Resigns as Economy Struggles Bloomberg / Steve Scherer

China to let insurers move money abroad Bloomberg via IHT

The Sluggish Wage Recovery NY Times

US Fed's move unlikely to impact real estate sector Taipei Times / Amber Chung

Fed's rate rise tells us some home truths Australian / Terry McCrann

South Korea's anti-US stance getting quieter Guardian via Taipei Times / Simon Brandon

Fear of damnation yeilds a dividend FT / Jeremy Grant

Japanese Bonds Have First 2-Week Gain Since February on Stocks Bloomberg / Chris Cooper



WaMu may need to go back to banking basics-analysts Reuters / Aleksandrs Rozens

Bond Investing Gets Tricky Wall Street Journal via Denver Post / Richard Ten Wolde

To see the housing industry's upside, look to apartments Dallas Morning News / Danielle DiMartino

Home loans - what's ahead Sacramento Bee / Andrew LePage

Quarterly profits surge at U.S. firms Bloomberg via Milwaukee Journal Sentinel / Margot Habiby

Are we all going for broke? Guardian / William Keegan

UK rate rise expected to be put on hold FT / Anna Fifield

How Fed rate increase will affect the interest you pay on your credit cards Baltimore Sun / Eileen Ambrose

Goldman's former star to launch $3bn fund FT / Elizabeth Rigby

Janus cuts its mutual-fund fees AP via Seattle Times

Fed takes a national perspective but regions feel impact Seattle Times / Stephen Dunphy

NV: Is it in the cards? Las Vegas Review Journal / Mark Anderson and Dave Berns

Mind Your Money, and Your Broker Washington Post / Brooke A. Masters and Lauren Bayne Anderson

U.K. Chancellor Brown Set to Break `Golden Rule,' Times Says Bloomberg / Steve Rothwell

'Interest-only' loans can give buyers a jolt LA Times / Kenneth R. Harney

Lower your stock-market expectations but don't panic St. Louis Post Dispatch / David Nicklaus

TN: $60 million buys a bankruptcy Tennessean / Naomi Snyder

Load or no-load? St. Louis Post Dispatch / Jack Naudi

Mutual fund investors have reason to grumble Dallas Morning News via Indianapolis Star / Bill Deener

Exchange-traded funds a good fit for portfolio Dallas Morning News via Seattle Times / Scott Burns

It's the Economy, Right? Guess Again NY Times / Louis Uchitelle

United's value hard to figure Chicago Tribune / Susan Chandler

Service Industry Seen Expanding in June: U.S. Economy Preview Bloomberg / Vince Golle

Wachovia sets fast pace for merger Charlotte Observer / Rick Rothacker

First-half numbers reveal uncertainty Philadelphia Inquirer / Jeff Brown

Suddenly, a Bond Manager's Life Is Tougher NY Times / Carla Fried

After a Moment in the Sun, Bear Funds Go Back to Sleep NY Times / J. Alex Tarquino

MN: The best money managers in Minnesota Minneapolis Star Tribune / Mike Blahnik

Is buy-hold strategy still sound? CP via Toronto Star / Malcolm Morrison

When Funds Have to Show Their Hand NY Times / Gretchen Morgenson

Loyalty to Janus may pay off CBS Market Watch / Chuck Jaffe

Federal aid to airlines is a thorny question Minneapolis Star Tribune / Liz Fedor

Japan Gets New Finance Chief in Charge of the Yen Bloomberg / David DeRosa

The Chinese Century NY Times

Crude prices fall; pipeline in Iraq `cut' AFP via Taipei Times

High price of energy runs deep AP via Arizona Republic / Brad Foss  

It's the Economy, Right? Guess Again NY Times / Louis Uchitelle

The Forecast: Partly Rosy NY Times / Jonathan Fuerbringer

A Wide Lens Helps in Emerging Markets NY Times / Conrad De Aenlle


Donaldson questions fund pricing FT / Deborah Brewster

Canada: Mutual fund sales continue climb in June Globe and Mail / Keith Dansell

Dollar Rises Versus Yen Reuters / Chikako Mogi

Asset managers at “inflection point” – KPMG Investment and Pensions Europe

Stick with your sense of balance Dallas Morning News / Scott Burns

How to react to the Fed's move Wall Street Journal via Baltimore Sun / Jeff D. Opdyke

Service base drives June's job growth USA Today / Sue Kirchhoff

Mexico's Femsa to Sell Less Peso Debt Than Planned Bloomberg / Thomas Black

Crude oil rises on signs of increase in demand FT / Kevin Morrison

The Fiscal Crisis of 2005 UPI / Martin Hutchinson

'Sleepwalkers' sinking America CBS market Watch / Paul B. Farrell

Echoes of the Wild West in gold bidding war FT / Richard Beales

The Quarter-Life Crisis Strikes in the U.K., U.S. Bloomberg / Matthew Lynn

Economists give troubles cold scrutiny Denver Post / Christine Tatum

The Presidential Cycle and 2005 Clif Droke Market Analysis via Safehaven / Clif Droke

U.S. to Sell $25 Billion of Government Debt This Week Bloomberg / John Beresford-Peirse

U.S. slowdown fears overdone: analysts Globe and Mail / Terry Weber

Workers advocate outsource penalty Knight Ridder via Miami Herald / Diane Stafford

Funds: Thinking Outside the Style Box Reuters via ABC News / Clint Willis

Canadian Dollar Stays Close to Three-Month High on Rate Outlook Bloomberg / Greg Quinn

Yen falls in quiet day's trading FT / Steve Johnson

Can you say high risk? Globe and Mail / Mathew Ingram

Kerry Is Only Days Away From Announcing Running Mate, CBS Says Bloomberg / Chris Peterson

Bill would mandate paid sick days Minneapolis St Paul Star Tribune via Orange County Register / H. J. Cummins

Iraqi Oil Exports Are Cut Nearly in Half AP via The State / Tarek El-Tablawy

China's Boom Brings Fear of an Electricity Breakdown NY Times / Howard W. French

Canada: Economic forecast to be released by RBC Financial Group Comtex via Stockhouse

Renaissance? What renaissance? The Economist

Berlusconi escapes EU reprimand AP via IHT

For now, Berlusconi to lead Italian economy Reuters via IHT

AZ: Tucson commercial real estate market boom not quieting Arizona Republic / David Pittman

Slowing U.S. job growth new headache for Bush NY times via IHT Edmund A. Andrews

EU: Bond prices firmer as service sector growth slows FT / Charles Batchelor and Mariko Sanchanta

Wall Street Traders Expect Quiet Week Reuters via LA Times

Yukos defaults on $1bn bank loan BBC News

Economist Advises on African Debt AP via Philadelphia Inquirer / Anthony Mitchell

Dollar near 1-month low against euro Reuters via CNN

Uniting assets with lost owners Philadelphia Inquirer / Peter Binzen

Yen Drops as Polls Show Koizumi May Lose Support, Stocks Slide Bloomberg / John Beresford-Peirse

Yukos Investors Janus, Deka, Seek Putin Meeting Bloomberg / Todd Prince

Beating Inflation Possible With Stock Index Funds Bloomberg / John Wasik

Beware TIPs in months ahead CBS Market Watch / Kelli Grant

Japanese Bonds Gain After Slide in Stocks, U.S. Jobs Figures Bloomberg / Keiko Ujikane

US payroll numbers have the power to shock and awe Guardian / Ashley Seager

Bulls snorting, but not ready to bolt CBS market Watch / Peter Brimelow

Bank of England May Leave Benchmark Rate at 4.5%, Survey Shows Bloomberg / Julia Kollewe

Australia, New Zealand look at single regulator for both economies CP via

Australia: Strong defense to tackle rate rises Australian / Mark Westfield

Australia: Rates tipped to remain on hold Sydney Morning Herald

Dollar May Fall as Jobs Report Reinforces `Measured' Fed Pace Bloomberg / John Brinsley

Interest Rates Stay "Real Easy" Benson’s Economic and Market Trends via Safehaven / Richard Benson

U.S. 10-Year Treasury May Have First Weekly Drop in a Month Bloomberg / Monee Fields-White


Biz uneasy about Edwards NY Daily News / Soo Youn

Inmates vs. outsourcing USA Today / Jon Swartz

Tough test awaits new job figures Dallas morning News / Danielle DiMartino

It's not good to be king of Adelphia Denver Post / Al Lewis

Yukos: Russia's policy battleground BBC News / Mary Hennock

Credit default swaps given twist FT / Charles Batchelor

Yahoo! search results: overvalued? CNN / Paul R. La Monica

The patrician and the populist The Economist

Chinese banks told to be cautious on loans FT / Richard McGregor

NY: Making their move with rates on the rise NY Daily News / Tom van Riper

Changes in GDP by the Year AP via Ft. Lauderdale Sun Sentinel

Heating homes may cost more this winter AP via Indianapolis Star / Brad Foss

Big financial firms step up pace of offshoring jobs San Francisco Chronicle / Amy Wu

Billion-dollar club at Procter gains three products Cincinnati Enquirer / Cliff Peale

Impatient With Fed, Rates Are Dropping On Their Own NY Post / John Crudele

CA: Banker says Fed on target Orange County Register / Jonathan Lansner

Tight Is Right National Review / Bruce Bartlett

Reformers Take a Hard Look at 'Soft Dollars' LA Times / Walter Hamilton

Economic institute raises forecast for German economy, unemployment slips AP via San Diego Union Tribune / David McHugh

Bar code birthday Baltimore Sun via Orlando Sentinel / Tricia Bishop

Dividend funds pay off long term AP via Washington Times

Fed's Broaddus Speaks: U.S. Economic Outlook and Fed Policy audio Bloomberg

Yukos chief offers to surrender his shares FT / Andrew Jack

Oil nears $40 after Nigeria disruption FT / Kevin Morrison

History's Highest-Priced Ticket Forbes

U.S. economy stronger, but rising costs weigh: NABE Reuters / Laura MacInnis

Analysts See Banner Year Ahead for Economy AP via ABC News

Freddie Mac's Impending Fiasco Forbes / Richard Lehmann

Buffett attacks options bill CNN

Hedge funds popularity on the rise Financial Post via / Keith Kalawsky

Mexican Peso Falls After President Fox's Spokesman Resigns Bloomberg / Jennifer Coogan

AL: Investors turn juicy profits by 'flipping' high-end condos Mobile Register via USA Today / Mike Kittrell

Treasuries little changed amid mixed US data FT / Charles Batchelor

D.R. Horton to sell $200 of senior notes Reuters

Emerging markets, emerging risks The Economist

Post Fed emerging debt issuance expected Reuters / Greg Brosnan

US Treasuries make little ground out of mixed data Reuters

Oil jumps above $39 Reuters via CNN

Wall Street no fan of Edwards CNN / Mark Gongloff

UK industry in 'dramatic' decline BBC News

Broaddus-U.S. inflation will remain contained Reuters

U.S. ISM Services Index Falls to 59.9 in June From 65.2 Bloomberg / Carlos Torres

ISM Services Institute for Supply Management

Wal-Mart Serves Humanity Ludwig von Mises Institute / Art Carden

Canada Dollar Hits 3-Month High; September Rate Boost Expected Bloomberg / Joshua Krongold

Yen undermined by Koizumi resignation talk Bloomberg / Steve Johnson

EEOC takes aim at Morgan Stanley CNN

Donaldson's Former Company Probed by SEC / Stephen Taub

Delta to ask pilots for $1B cut USA Today / Marilyn Adams

Foreigners Own More of Nation's Debt Washington Post / Allan Sloan

Fed Is More Likely to Continue Moving Carefully Bloomberg / John M. Berry

U.S. Notes May Rise; Service Report May Show Fewer Jobs in June Bloomberg / Shamim Adam

Australia: Bond market holds onto gains AAP via Sydney Morning Herald

Japan Sells 1.9 Tln Yen of 1.8 Percent 10-Year Bonds Bloomberg / Chris Cooper

China: CCB bond plan to replenish capital base People’s Daily

China: Energy woes plague Shanghai Taipei Times

India Gets Serious About Paring Budget Deficit Bloomberg / Andy Mukherjee

Is Russia really that scary? IHT / Barbara Wall

The Kremlin vs. the Tycoon: A Battle for Russia’s Future NY Times / Erin E. Arvedlund

Taiwan: A few more cheers for free trade Taipei Times / Chao Wen-heng

Italy pledges budget cuts Gulf Daily News

Progress in Corporate Governance Washington Post / John J. Castellani

Crude Oil Rises After Pipeline Rupture in Iraq Halves Exports Bloomberg / Gavin Evans

Preparing for a "Micro-Mini" Recession Clif Droke Market Analysis via Safehaven / Clif Droke

Blowing Bubbles New Yorker / John Cassidy

Yukos in Default, Carve-Up Looms Moscow Times / Catherine Belton

Yen May Drop on Concern Koizumi Will Lose Support in Elections Bloomberg / John Brinsley

No leader just yet for euro zone AP and Reuters via IHT



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

Canada: `Spring fever' drives up house prices Toronto Star / David Bruser

Productivity: Past, Present, and Future Federal Reserve Board / Roger W. Ferguson

Measures of Productivity Federal Reserve Bank of Dallas / Julia Kedrova

Another $280 billion, please The Economist

Brazil Sells $750 Mln of Bonds in 2nd Sale in 3 Weeks Bloomberg / Elzio Barreto

US Treasuries static in Asia after 5-year auction Reuters

CA: Fitch Lowers L.A. School District Debt Bond Buyer / Gavin Murphy

Lawyers and Conflicts Bond Buyer / Susanna Duff Barnett

WI: Contractors' costs are building Milwaukee Journal Sentinel / Rick Barrett

OH: Boomers opt to hire themselves Akron Beacon Journal / Brian Charlton

California still without budget, talks grind on Reuters

Inflation Holiday Daily Standard / Irwin M. Stelzer

Lay's wife shuts second-hand store Reuters via CNN

UK In The Dock Over Customs Ananova News

Clinton Economics National Review / Bruce Bartlett

The Anti-Growth Ticket National Review / Larry Kudlow

Experts warn House panel of potential e-voting problems Knight Ridder via

The Mystery of Wall Street's Stubborn Fees Bloomberg / Michael Lewis

Gold tops $400 as dollar slides FT / Kevin Morrison

Dollar resumes downward spiral FT / Steve Johnson

CalPERS critic has conflicts San Francisco Chronicle / David Lazarus

Yukos circling the drain Globe and Mail / Mark MacKinnon

GM, Ford heat up incentives battle AP via Ft. Lauderdale Sun Sentinel / John Porretto

Letter to a senator Globe and Mail / Mathew Ingram

TX: Chinese cars hit early bump Houston Chronicle / David Kaplan

Korea: Spending remains weak as Koreans rein in debt Bloomberg via IHT / Seyoon Kim

Europe Reluctantly Deciding It Has Less Time for Time Off NY times / Mark Landler

Empty nesters flocking to cities AP via Philadelphia Inquirer / Seth Sutel

Bond prices muted as auctions dominate FT / Jennifer Wiggins, Alex Skorecki and Mariko Sanchanta

Morgan Stanley And The Women Forbes / Dan Ackman

Yahoo's tough spot CNN / Paul R. La Monica

TX: Providian to close San Antonio office, cut 220 jobs San Antonio Express Courier / Sanford Nowlin

A hard bargain Baltimore Sun / Dan Thanh Dang

Edwards' words are at odds with his portfolio Baltimore Sun / Jay Hancock

Bush Accuses Vietnam and China of Dumping Shrimp on U.S. Market NY times / Elizabeth Becker

NE: FDIC fears banks may fade from rural areas Omaha World Herald / Steve Jordan

MI: Newspapers fetch $415 million Detroit Free Press / Greta Guest

The Myth of Shock-Free Monetary Policy Ludwig von Mises Institute / Frank Shostak

Mortgage Rates Largely Unaffected by Fed Actions Freddie Mac

Grasso Manages, Weill Leads All-Star Pay Hogs Bloomberg / Graef Crystal

Running a fund? Then don't be shy Detroit Free Press / Susan Tompor

Mexican Peso May Fall; Rates Drop Before Central Bank Meeting Bloomberg / Jennifer Coogan

Yen Gains Versus Dollar as Japan May Boost Outlook on Economy Bloomberg

Kerry, Edwards Opposed Tax Cuts, Diverged on Trade Bloomberg / Jeff Bliss

UK: Bonds back away from the precipice Telegraph

Debt woes hitting elderly AP via The State / Eileen Alt Powell

Regulator Details How Bond Buyers Are Shortchanged Bloomberg / Joe Mysak

US Treasuries touch cheaper before 5-year auction Reuters / Wayne Cole

U.S. mortgage applications jump on rate drop Reuters / Richard Leong

WA: King County home prices keep rising Seattle Post Intelligencer / Christine Frey

Business takes a look and does not like what it sees The Hill / Josephine Hearn

Crude oil prices slip as traders cash in FT / Kevin Morrison

Chain stores' comp sales up 0.9% in latest week CBS Market Watch / Mike Maynard

Italy's Rating Cut by Standard & Poor's on Deficit Bloomberg / Heather Harris

Merger mania? Not at Piper Minneapolis Star Tribune / Chris Serres

Google's golden egg awaits San Fran Cisco Chronicle via Seattle Post Intelligencer

Japan: Key economic index back in boom territory Japan Times

China struggles against a fickle tide NY Tmes via IHT / Keith Bradsher

Spanish company gambles on search for oil in Cuban waters NY Times via IHT / Simon Romero

NE: Late rains hurt wheat crop Omaha World Herald / Chris Clayton

Americans put away their wallets Christian Science Monitor / Ron Scherer

Russia: Guta Bank Locks Out Its Depositors Moscow Times / Denis Maternovsky

Russia: City Commuters May Hop on a Helicopter Moscow Times / Lyuba Pronina

Back to the Garden Pimco / Bill Gross

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

Russian fears as bank runs out of cash Telegraph / Tessa Thorniley

Japan's Tankan Survey Adds to Expectations Deflation Is Easing Bloomberg / Mayumi Otsuma


Bankruptcies likely to set another record this year Knox News / Mary Deibel

U.S. computer firms shed 13,500 jobs Minneapolis Star Tribune / H.J. Cummins

Hate to burst your bubble ... Dallas Morning News / Danielle DiMartino

Treasuries steady, ignore TIPS sale, alert chatter Reuters / Pedro Nicolaci da Costa

Loonie hits 3-month high against greenback Reuters via Toronto Star / Ka Yan Ng

Oil Rises to 5-Week High on Fund Buying After Supply Report Bloomberg / Mark Shenk

Funds Put Dollar in Gold, Price Soars Reuters

Bank of Canada overnight rate not necessarily tied to US Fed rate increases Canada News Wire via Stockhouse

The Flight of the Sell-Side Analyst / Marie Leone  

Running out of steam The Economist

Mortgage rates hit 10-week low CNN

WA: Annoying new home signs line our roads Seattle Post Intelligencer / Bill Virgin

Keep an eye on it The Economist

Dollar falls to three-month low against euro FT / Jennifer Hughes

Ruble Has Biggest Drop in Month on Concern About Russia's Banks Bloomberg / Marta Srnic

Are investors a bunch of Yahoos? CNN / Paul R. La Monica

Global TV The Economist

U.S. Treasuries pare gains as threat level holds Reuters / Wayne Cole

The Bear Market Needles National Review / Tom Nugent

UK: Jack Straw The Economist

UK: What good has the money done? The Economist

Poland The Economist

UK: Interest rates frozen at 4.5% The Statesman

Italy's Berlusconi Turns to Reaganomics Bloomberg / David DeRosa

Roll up! Roll up! Safehaven / Sean Corrigan

Delayed Shutdowns Affect Jobless Claims AP via Forbes

CA: State's Fiscal Formula: Squeeze Cities, Counties LA Times / Michael Hiltzik

U.S. June mortgage prepayments drop for 2nd month Reuters

US Treasuries unmoved by distorted job claims data Reuters / Wayne Cole

Eurozone bond yields rise after ECB bulletin FT / Charles Batchelor

View From Eight Mile Road Is Rows of Unsold Cars Bloomberg / Doron Levin

Lay surrenders to authorities CNN

No Hope For Enron's Kenneth Lay Forbes / Dan Ackman

Low pay keeps families in state of hopelessness Knight Ridder via The State / Christina Hoag

China: Bank approved to issue bonds China Daily via People’s Daily

Australia: Ratings assigned to ANZ bonds AAP via Sydney Morning Herald

Australia Sheds Jobs as Jobless Rate Rises to 5.6% Bloomberg / Victoria Batchelor

Lay likely to be charged today over Enron collapse FT / Joshua Chaffin and Adrian Michaels

Bye-bye, Bush boom: turning dismal statistics into `steady growth' NY Times via Taipei Times / Paul Krugman

Russia: Nervous Depositors Make Run on Banks Moscow Times / Denis Maternovsky

OECD: Russia Risks Latin America's Fate Moscow Times / Maria Levitov

Dollar Trades Near 3-Month Low on Scaled-Back U.S. Growth View Bloomberg / John Brinsley


China losing jobs as productivity soars UPI / Dar Haddix

The week ahead US News / Paul J. Lim

CD interest rates creep higher Milwaukee Journal Sentinel / Paul Gores

Is paid leave near for all US workers? Christian Science Monitor / Marilyn Gardner

What happens when a church goes bankrupt Christian Science Monitor / Brad Knickerbocker

TX: North Texans still hungry for homes Dallas Morning News / Steve Brown

UK's trade deficit edges higher BBC News

Consumer spending is biggest economy driver AP and Bloomberg via Chicago Sun Times

Tribune Co. Sued Over Inflated Circulation AP via NY Post

MCI Sues Former CEO Ebbers for $408M AP via Chicago Tribune / Ellen Simon

Jury chosen in Morgan Stanley case AP via Newsday

Highlights of Fund Performance LA Times / Tom Petruno

CA: Fewer can afford to buy home here San Diego Union Tribune / Lori Weisberg

What Fed Rate Hike? Buyers Find Mortgages Dropping NY Post / Holy M. Sanders

Mortgage rates fall for third straight week AP via Buffalo News

Most Expensive Homes In America 2003 Forbes / Betsy Schiffman

Forbes Russia Editor Murdered In Moscow Forbes / Steve Forbes

Russia: Illarionov: Central Bank Fueled Crisis Moscow Times / Denis Maternovsky and Simon Ostrovsky

Korea: Roh's Economic Philosophy Misunderstood Overseas Korea Times / Cho Hyung-kwon

Hoenig urges caution on rates Reuters via CNN

Case against Michael Rigas ends in mistrial AP via Philadelphia Inquirer / Erin McClam

Brazil June Inflation Rises to 0.71% on Transport Bloomberg / Carlos Caminada

Oil May Fall Next Week on OPEC Output, Survey Shows Bloomberg / Mark Shenk

CA: Bonds get 'negative outlook LA Daily News Troy Anderson

Treasury secretary: We're recovering Portland Press Herald / Edward D. Murphy

Treasury's Snow repeats US strong dollar mantra Reuters

Investors Give a Thumbs Down to Indian Budget Bloomberg / Andy Mukherjee

CA: New-home prices: Up, up, away Sacramento Bee / Jon Ortiz

Consumer Borrowing Rises AP via Hartford Courant / Leigh Strope

Why Capitalism is Inevitable Ludwig von Mises Institute / Joseph Stromberg and Jeffrey Tucker

U.S. Wholesale Inventories Rose 1.2% in May; Sales Up Bloomberg / Carlos Torres

Russia: Alfa Depositors Withdraw $200 Mln in Russian Bank Run Moscow Times / Todd Prince

Ken Lay's Miracle Worker Forbes / Dan Ackman

U.S. junk bonds see $439.7 mln inflow in week Reuters

Freddie Mac expects lower debt issuance in Q3 Reuters

GE 2nd-Qtr Profit Rises as Industrial Orders Grow Bloomberg / Rachel Layne

NASD Shows Broker Bids on Bonds Can Be Funny Things Bloomberg / Joe Mysak

US crude eases but remains above $40 a barrel FT / Kevin Morrison

Eurozone bond yields hold steady near highs FT / Charles Batchelor and Mariko Sanchanta

Psst! Mortgage Rates Almost Down To 6% Again Hartford Courant / Kenneth R. Gosselin

Cuffed but confident, Lay pleads not guilty Dallas Morning News / Bruce Nichols and Michelle Mittelstadt

Buffett lunch fetches $202,100 CNN



UBS tries family ties in China Bloomberg via IHT

TX: Hot market for homes is cooling Houston Chronicle / Nancy Sarnoff

Preforeclosures can offer good bargains Bankrate via Seattle Post Intelligencer / Elaine Zimmerman

How to Recognize a Housing Bubble Thoughts From The Frontline via Safehaven / John Mauldin

Less Credit, More Cards Lew Rockwell / Gary North

Consumers feeling better despite economic news Spartanburg Herald Journal

NV: State gaming revenue on a roll Las Vegas Review Journal / Ed Vogel

WI: Hoping to reverse the flow of trade Milwaukee Journal Sentinel / Rick Romell

Kerry Gets 5-Point Lift in Newsweek Poll After Picking Edwards Bloomberg / Kristin Jensen

Head of commodity futures agency resigns AP via Spartanburg Herald Journal / Marcy Gordon

Mindful of 401(k) monkeys Dallas Morning News / Scott Burns

Anthem, WellPoint deal faces more criticism AP via Orange county Register / Jim Wasserman

Hedge Funds Brace for New Rules Reuters via ABC News / Svea Herbst-Bayliss

The Fed Is to Blame Forbes / A. Gary Shilling

Earnings Season Unlikely to Boost Market AP via Newsday / Meg Richards

Is your child's ring unleaded? Philadelphia Inquirer / Jeff Gelles

Japan to issue Microsoft warning AP via Mercury News / Yuri Kageyama

Stock Options Bill Stalls as House Leaders Contest Jurisdiction Bloomberg / Bill Arthur

S'pore eBay bidder wins lunch with Warren Buffett Singapore Press / Chen Huifen

CA: Few new jobs in weak recovery San Francisco Chronicle / David Armstrong

U.S. 10-Year Treasury Note Ends Rally Before Inflation Reports Bloomberg / Monee Fields-White

Dollar Drops for 4th Week Versus Euro on Lower Growth Forecasts Bloomberg / Vivianne Rodrigues

Real estate agents turning to assistants AP via The State

Markets End Second Straight Losing Week AP via Washington Post

Yukos case is defining economy under Putin NY Times via IHT / Erin E. Arvedlund

Japan: Mizuho back at top of asset rankings Japan Times

U.S. Investigative Journalist Is Shot to Death in Russia NY Times / C.J. Chivers and Sophia Kishkovsky

Japan's Bonds Have First Weekly Drop in Three After Stocks Gain Bloomberg / Keiko Ujikane

UK: Backroom bruiser steps out from Brown's shadow Guardian / Larry Elliott and Ashley Seager



WI: Factory jobs continue up Milwaukee Journal Sentinel / Joel Dresang

Eurozone data seen confirming inflation past peak AFP via EU Business

Fed looks at overdraft plans Kansas City Star / Paul Wenske

Koizumi dealt heavy blow in Japanese poll FT / David Ibison

Deutsche nears settlement with regulators FT / Adrian Michaels and David Wells

The best free reading materials offered by fund firms CBS Market Watch via San Francisco Chronicle / Chuck Jaffe

Index ETF focuses on stocks that promise payout boosts CBS Market Watch / John Spence

Google aims for IPO this month- FT CBS Market Watch

The simple truth about octane ratings Knight Ridder via Miami Herald

Banks could be vulnerable to rising rates Minneapolis Star Tribune / Chris Serres

Retail Sales Seen Falling: U.S. Economy Preview Bloomberg / Vince Golle

Morningstar prepares to go public Newsday / Tami Luhbyt

Japan's MOF Puts the Squeeze on Bond Traders Bloomberg / David DeRosa

Refineries run at capacity, with no new processing plants being built Knight Ridder via The State / Jocelyn Parker

Bear market ate up fund managers, too USA Today via Cincinnati Enquirer / John Waggoner

Our new epidemic: compulsive buying Akron Beacon Journal / Mary Etheridge

An insider's look at how the Fed sets monetary policy Boston Globe / Martha E. Mangelsdorf

They didn't go down with their ships Philadelphia Inquirer / Jeff Brown

MO: Lagging convention hotels might need a state bailout St. Louis Post Dispatch / David Nicklaus

Kerry's economic balancing act Boston Globe / Charles Stein

Mortgage-rate decline expected to be short-lived Hartford Courant via Mercury News

PA: A housing crisis in Pa.? AP via Philadelphia Inquirer / Mark Scolforo

Experts: Now Is Time for Mortgage Rates AP via Knox News / Jeannine Aversa

Dollar regaining ground against euro; yen gains AFP via Taipei Times

Penny-stock fraud deal in big bucks on the Internet AP via St. Louis Post Dispatch / Kendra Locke

Will the Fed Have to Play Catch-Up? NY Times / Jonathan Fuerbringer

As expected, rates are picking up New Straits Times

Feds of the class Portland Business Journal via MSNBC / Andy Giegerich

Hedge fund thrills now tempt the little guy Baltimore Sun / Jay Hancock

Workers told: Longer week or your job goes abroad Chicago Sun Times / Kate Connolly

White-Collar Prison Terms Under Debate LA Times / Jonathan Peterson

CO: Cabin fever in housing market Denver Post / Chryss Cada

CO: Out of work, out of state Denver Post / Julie Dunn

CO: Golden exec felt sting of Adelphia Denver Post / Al Lewis

Time running out in trade talks BBC News

People stock up, bail out of bonds Minneapolis Star Tribune / Mike Blahnik

That High-Tech Balloon Is Going Ssssssssss NY Times / Gretchen Morgenson

Yahoo plunge nothing to worry about Toronto Star / Bill Carrigan

Beyond a President's Control NY Times Louis Uchitelle

How the Futures Market Can Miss the Mark on Rates NY Times / Jonathan Fuerbringer

Do Mutual Funds Take a Back Seat to Hedge Funds? NY Times / Riva D. Atlas

Sticky times for candyfloss chancellor Guardian – Observer / William Keegan

China's efforts to cool its economy are paying off NY times via Taipei Times


FL: Furniture stores cash in on nesting craze Orlando Sentinel / Sarah Hale Meitner

Spending freely has its costs Dallas Morning News / Danielle DiMartino

Who pays the most in taxes? Dallas Morning News / Scott Burns

Fannie Mae Weekly Yield Fannie Mae

Canada: Business Outlook Bank of Canada

WI: Factories chug toward prosperity Wisconsin State Journal / Judy Newman

UK: If this bubble bursts it will be the bears' turn to smile Guardian / Larry Elliott

Money in the Bank Safehaven / Warren Pollock

N.J. Agency Could OK Up to $2.7B Bond Buyer / Jill D'Ambrosio

Mass. Official Says $3B Needed For School Construction Bond Buyer / Adam Cataldo

The return of the rentier UPI / Martin Hutchinson

Flaws still seen in stock research Dallas News / Bill Deener

Wildfires reveal underinsured homes AP via Washington Times

From Turtle to a trader NY Daily News / Phyllis Furman

J.C. Penney lab stops the stains from staying and the buttons from breaking Dallas Fort Worth Star Telegram / Heather Landy

UK: 'There is such a thing as society' Guardian / Matthew Tempest

UK: Treasury defends spending increases Guardian / Mark Tran

China's economy expected to achieve soft landing: economist People’s Daily

UK: Will hot 'heir' rise? Guardian / William Keegan

Fed's Santomero says Fed closely watching prices Reuters

Chicago Fed Economists ‘op-ed’ Published in American Banker Federal Reserve Bank of Chicago

IL: Auditor reprimands newspapers Crain’s Chicago Business / Jeremy Mullman

U.S. 10-Year Treasury Rises; Economy Shows Signs of Slowing Bloomberg / Elizabeth Stanton

Morgan Stanley, EEOC Settle Sex Discrimination Case Bloomberg / David Glovin

Oil prices higher as speculative interest grows FT / Kevin Morrison

Google plans to list on Nasdaq AP via Seattle Post Intelligencer

Brazil's Real Rises for 3rd Day in 4 on Debt, Inflow Outlook Bloomberg / Jeb Blount

Earlier Release of Fed Minutes Would Help Market Bloomberg / John M. Berry

Junk Market Seems More Appealing / Stephen Taub

Linux Open Source Shows Way Forward for Business Bloomberg / Matthew Lynn

Asian Economies Have Gross Domestic Problem Bloomberg / William Pesek Jr.

EU Hints at U.S. Farm Export Compromise AP via Forbes

A Recovery Trying to Keep Its Legs Suddenly Feels Woozy NY Times / Eduardo Porter

US Treasuries up, anticipating weak U.S. data Reuters

Domino's Unappetizing IPO Forbes / Scott Reeves

Yen Near 2-Week High as Koizumi Wins Enough Votes to Keep Job Bloomberg / John Beresford-Peirse

Dollar May Fall on Trade, Sales Figures, Survey Shows Bloomberg / Heather Bandur

Sterling hits four-month high against dollar FT / Neil Dennis

Laurance Rockefeller dies at 94 CNN

The Lure of High-Risk Loans Washington Post / Jonathan Finer and Charles R. Babcock

HSBC said to be trying for first stake in Japan Bloomberg via IHT / Rajat Bhattacharya and Jonathan Rosenthal

Running on Bush Time Christian Science Monitor

Yukos offers 8 billion to Kremlin NY Times via IHT / Erin E. Arvedlund

Europe to Lag Global Growth on Aging Population, Labor Costs Bloomberg / John Fraher in Frankfurt and Christian Baumgaertel

Yen Gains, Stocks May Rise; LDP Loss Seen Limited Bloomberg / Tim Kelly

Ruble Drops for a Fourth Week on Yukos, Banking Crisis Fears Bloomberg via Moscow Times

BOJ Will Probably Keep Monetary Policy as Deflation Persists Bloomberg / Mayumi Otsuma

How Lay will play to a hometown jury Christian Science Monitor / Kris Axtman

How to swim with the tide when interest rates rise Christian Science Monitor / Thomas Watterson

Retooled Europe may fuel investing Christian Science Monitor / Thomas Watterson




A European Golden-Boy? Daily Standard / Irwin M. Stelzer

KS: Wheat harvest's bad news just gets worse Wichita Eagle / Phyllis Jacobs Griekspoor

Brokers to soon offer two times the advice LA Times via Wichita Eagle / Thomas S. Mulligan

CA: Grocery talks at critical stage Sacramento Bee / Dale Kasler

Execs grab big payouts in mergers Charlotte Observer / Rick Rothacker

Congress may give GE a tax break on $21 billion in foreign income Bloomberg via Ft. Lauderdale Sun Sentinel / Ryan J. Donmoyer and Rachel Layne

Hedge Funds Dirty Secret NY Post / John Crudele

Lay goes on CNN, says he's innocent AP, CNN and Orange County Register

ATA cutting hundreds of positions Indianapolis Star / Chris O’Malley

EU ministers 'should have punished France and Germany over deficits' Guardian / Mark Tran

UK: Spend, spend ... no, don't spend Guardian

Productivity Is the Gift That Keeps On Giving Federal Reserve Bank of St. Louis / William Poole

The Housing Giants in Plain View Federal Reserve Bank of St. Louis

Light Rail: Boon or Boondoggle? Federal Reserve Bank of St. Louis

Manufacturing growth moderates in June Federal Reserve Bank of Richmond

Fifth District Service-Sector Activity Federal Reserve Bank of Richmond

Fed Study: House-Price Growth to Be Slow AP via Chicago Tribune

Fannie Mae's Cooperation 'Spotty' AP via ABC News

Court annuls EU ministers' deficit decision AFP via EU Business

Fake euro mint busted in Colombia AFP via EU Business

EU: Where now for stability pact? BBC News

Yukos scrambling to find tax cash CNN

Chauvinist piggy bank hit for $54 million NY Daily News / Robert Gearty and Dave Goldiner

PA: Amid scandal, Commerce Bancorp withdraws from bond market AP via Philadelphia Inquirer / Linda A. Johnson

How will rising interest rates affect housing prices? CNN / Sarah Max

Intel profit soars, but ... CNN / Paul R. La Monica

Qwest's Former Chief Executive Returns To Telecom Industry AP via Hartford Courant / Jeffrey Gold

Merrill looking at energy trading once again Reuters / Greg Cresci

Fed's McTeer-higher inflation probably just a blip Reuters / Nicole Mordant

Gates: DVDs Obsolete Within Ten Years Forbes / Greg Levine

Toshiba to unveil new laptop with TV capabilities AP via Mercury News

Brazil's Real Falls 1st Day in 3 on Rising U.S. Interest Rates Bloomberg / Jeb Blount

Japan economy stronger, but no rate change UPI / Shihoko Goto

Sell now while stocks last The Economist

U.S. Treasury Notes Drop on Speculation Yields Are Too Low Bloomberg / Elizabeth Stanton

Fed's McTeer-U.S. inflation should stay low Reuters

Fannie Mae asset quality under regulatory scrutiny Reuters

Deutsche Asset May Lose $913 Million of Pension Fund Contracts Bloomberg / Peter Woodifield

EU: If only they could all be like Luxembourg The Economist

Canada: Dollar hammered by import surge CP via Toronto Star Malcolm Morrison

Russia's Run on Deposits and Yukos Demands: Ominous Signs for the Global Economy? KWR International via Safehaven / Sergei Blagov

Improving job market means boon for workers CBS Market Watch via Tennessean / Andrea Coombes

Are there Cycles in Commodity Prices? Bonneuil Report via Safehaven

Paper Mache Safehaven / John Mackenzie

‘For us, $140 billion is nothing’: Holtz-Eakin The Hill / Bob Cusack

Dollar steadies as short positions squared FT / Steve Johnson

US Treasuries retreat, economy proves resilient Reuters / Wayne Cole

Merrill Lynch profits top $1bn Reuters via FT

Jefferies Group second-quarter profit rises Reuters

Morgan Stanley: Big Bucks For Bias Forbes / Dan Ackman

Economic recovery is congesting rail lines Bloomberg via Detroit Free Press

NE: Smaller wheat crop projected Omaha World Herald / Chris Clayton

Low-Pay Industries With High-Pay Jobs Bloomberg / Caroline Baum

U.S. May Trade Gap Narrows to $46 Billion on Record Exports Bloomberg

Firm makes a play to buy majority of MCI Chicago Tribune / Jon Van

Dollar Rises After Report Shows U.S. Trade Deficit Narrowed Bloomberg / Bob Brennan

Snow: Terror puts economy at risk Reuters / CNN

Women say it's still a man's Wall Street Wall Street Newsday / Lindsay Faber

Weigh the risks, costs of fixing asset makeup Philadelphia Inquirer / Jeff Brown

IEA Foresees Slowdown in World Oil Demand AP via Forbes

Nasdaq lands belle of IPO ball Boston Globe / Robert Weisman

Bad News Bears Philadelphia Inquirer / Porus P. Cooper

MD: Baltimore region's homebuyers dig deeper Baltimore Sun /Jamie Smith Hopkins

CA: Home Prices Continue to Soar in L.A. County LA Times / Annette Haddad

Gambling craze not a good bet for states Seattle Post Intelligencer / Bill Virgin

Oil Retreats as Traders Take Profits Reuters

Investment still pours into China BBC News

UK: Brown takes three-year gamble with golden rule Telegraph / Edmund Conway and David Litterick

UK: Holiday spending spree pushes up inflation Guardian / Mark Tran

Audit bureau censures Sun-Times, 2 Trib papers Chicago Sun times / Eric Herman

Treasury bill rates mixed in auction AP via Baltimore Sun

Yen Declines for Third Day in Four Against Dollar, Euro in Asia Bloomberg / John Brinsley

Caution on trade talks IHT / Brian Knowlton

Australia: Bonds close slightly firmer AAP via Sydney Morning Herald

Sri Lanka's Stocks Surge Defies Bearish Outlook Bloomberg / Andy Mukherjee


TX: State debt up 200 percent in past 10 years AP via Houston Chronicle

The American recession vindicated the Austrian School of economics Brookes News / Gerard Jackson

Mortgage growth up 4.4 percent nationally LA Daily News / Gregory Wilcox

WA: State job market 'anemic' Tacoma News Tribune / Barbara Clements

Brazil Real Gains to 9-Week High on Plans to Limit 2005 Budget Bloomberg / Jeb Blount

U.K. Wages Grow at Fastest Pace in Two Years in May Bloomberg / Sam Fleming

Stash of Cash Makes MCI Attractive To Buyers Washington Post / Christopher Stern

Big-Splash Trade Shows Sinking Fast Washington Post / Steven Pearlstein

Under SEC Eye, Red Hat Restates NY Post / Holly M. Sanders

Underground Dwellers National Review / Bruce Bartlett

Another Sign of an Economic Recovery Clif Droke Market Analysis via Safehaven / Clif Droke

Abject Failure Safehaven / John Mackenzie

FDIC Revises March 31, 2004, Reserve Ratios for Deposit Insurance Funds FDIC

Molinaro of Bear Stearns Is Highest Paid CFO Bloomberg / Graef Crystal

MN: Pace of job creation slows Pioneer Press / Mike Hughlett

KS: Wichitans confident in local economy Wichita Eagle / Dan Voorhis

Spending binge may be over Dallas Morning News / Danielle DiMartino

US Treasuries flat in Asia ahead of U.S. PPI Reuters

Jilted bondholders say Argentina can pay back more Reuters / Greg Brosnan

Qwest pensioners sue government for audit details AP via Denver Post / Sandy Shore

Think The FDIC's Tough? China Banker Is Executed AP via Hartford Courant / Elaine Kurtenbach

Dollar Little Changed Vs Major Currencies Reuters via ABC News / Mariko Hayashibara

Soaring Oil Prices, but No New Boom in Houston NY Times / Simon Romero

India Sees Backlash Fading Over Boom in Outsourcing NY Times / Saritha Rai

Big Tobacco's train has one destination Denver Post / Al Lewis

New 'W Ketchup' pours on the politics Scripps Howard via Rocky Mountain News / Marcela Carrera

Spymasters or spinmeisters? The Economist

House votes to allow Canada drug access AP via Philadelphia Inquirer / Ira Dreyfuss

Divided SEC Proposes More Oversight of Hedge Funds Bloomberg / Robert Schmidt

Everything is going up, except salaries of middle-class voters Baltimore Sun / Jay Hancock

Brown Brothers' Rhame: Retail Sales, Housing and Dollar audio Bloomberg

Apple's income triples thanks to iPod BBC News

Harley cruises past 2Q estimates Reuters via CNN

Green abandons M&S takeover plan BBC News

United Airlines defers $72.4 million in pension contributions Bloomberg via Dallas Morning News

Japan: Minister welcomes Japanese bank plan FT / David Ibison, Michiyo Nakamoto and Barney Jopson

Canada: High commodity prices expected to keep oilpatch awash in profits CP via National Post / James Stevenson

Argentine Creditors Seek to Build Opposition to Offer Bloomberg / Daniel Helft

Economic Trends July 2004 Federal Reserve Bank of Cleveland

Raises to remain below 4% CNN

Nymex Oil Rallies to Six-Week High as U.S. Crude Supplies Drop Bloomberg / Joe Carroll

Yahoo!'s battle with Google escalates AP and Bloomberg via Seattle Post Intelligencer

Many employers keeping pay raises restrained AP via Minneapolis Star Tribune / Adam Geller

Yen slides on gloomy news from Intel FT / Steve Johnson

How Schieffelin Beat The Street Forbes / Dan Ackman

US Treasuries lower despite soft retail sales data Reuters / Wayne Cole

PA: Fuzzy reasoning for legalized slots Philadelphia Inquirer / Andrew Cassel

Conference, Movie Mark Orange County '94 Bankruptcy Bloomberg / Joe Mysak

UK: Marks & Spencer Bondholders Are Sacrificial Lambs Bloomberg / Mark Gilbert

In Fiscal Discipline, It's a Race to the Bottom Bloomberg / Caroline Baum

Watching the consumer wane CNN / Kathleen Hayes

Tech Pulse Index Federal Reserve Bank of New York

Dollar Falls Against Euro After Retail Report, Issing Remarks Bloomberg / Bob Brennan

BoA profit jumps 41% Reuters via CNN

U.S. June Retail Sales Fall by Most Since Feb. 2003 Bloomberg / Joe Richter

Move Aside Citigroup, Here Come the Japanese Bloomberg / William Pesek Jr.

AZ: Home resales race to record territory Arizona Republic / Glen Creno

Exploding the Myths of Offshoring McKinsey and Co. via

Russia: WTO Bid Timed to American Election Moscow Times / Greg Walters

Japan: Talks seek to create world's biggest bank FT / David Ibison

Japan: Ultraeasy monetary policy to stay despite steady growth Japan Times / Hiroko Nakata

China: FDI used by China totals $33.9 bln in first half People’s Daily

Gender, work, and Wall Street Christian Science Monitor / Ron Scherer


Factory reports welcome Dallas Morning News / Danielle DiMartino

Inflation- linked bonds 'set for solid growth' FT / Ivar Simenson

From alpha to omega The Economist

The health of nations The Economist

Oil reserves The Economist

UK: A Rose-tinted vision The Economist

The Fed stays in the picture CNN / Mark Gongloff

New Bond Market Association Web Site BMA

South Korean growth lags Seattle Times / Stephen Dunphy

Latin American markets roundup UPI / Gonzalo Baeza

Texas crude nudges $41 Dallas News

Greenback, loonie in stalemate Ottawa Business Journal

Funds: Butt Out NY Post / Jenny Anderson

Certificates of deposit Orange County Register

Freddie Mac hires JPMorgan manager Washington Business Journal / Jeff Clabaugh

U.S. House Blocks Export-Import Loans to Tax-Haven Companies Bloomberg / Laura Smitherman

PA: Weiss Gets 'Expert' Help Bond Buyer / Lynn Hume

CA: Of Flies and Shopping Malls: City May Cure Default of 'Dirt Bonds' Bond Buyer / Rich Saskal

S&P blesses new Maryland debt Washington Business Journal / Jeff Clabaugh

Fed's Bies-Fed must be alert to higher inflation Reuters

Pressing for Fed transparency CBS Marketwatch / Gregory Robb

Fed: Manufacturing conditions improve UPI via Washington Times

Business Financial Conditions and Relationships with Bankers Federal Reserve Board / Susan Schmidt Bies

Hong Kong Sells $1.25 Billion of Bonds in First Global Sale Bloomberg / Netty Ismail

Md. keeps its treasured AAA bond rating AP via Baltimore Sun / Gretchen Parker

TX: Moody's cuts EDS debt rating to junk Dallas Morning News / Pamela Yip

Westpac Banking Says to Buy Put Options on Dollar Versus Yen Bloomberg / Joshua Krongold

Interstate competition is fighting wrong battle Seattle Post Intelligencer / Bill Virgin

OPEC Cancels a Meeting; Output Plan to Stay the Same NY Times / Simon Romero

World Bank warned over policy reform FT / Andrew Balls

30-year benchmark level falls to 6 percent AP via CNBC

Tribune finds more circulation errors Chicago Tribune / Leon Lazaroff

Oil giant Shell's investors shocked BBC News/ Terry Messenger

Southwest Airlines CEO Resigns Reuters via Airwise

Marriott earnings up 29 percent on travel boost AP via San Diego Union Tribune / Stephen Manning

MGM Could Buy Back Up to 10 Million Shares Bloomberg and LA Times

Apple Thanks Its Lucky iPods Washington Post / Cynthia L. Webb

Business Outlook Survey Federal Reserve Bank of Philadelphia

US 30-, 15-year mortgage rates change little in week Reuters

Snow Presses Bush's Economic Agenda in Battlegrounds Bloomberg / Simon Kennedy

Why the Bush ticket still needs Mr Grumpy FT / Josh Chaffin

Citigroup asset management income slips 16% Investment and Pensions Euorope

Global investors' outlook slumps to three-year low Bloomberg via Australian Financial Review / Kotaro Miyata

Three largest Dutch funds post quarterly returns Investment and Pensions Europe

Harrah's to Acquire Caesars AP via Morning Call / Adam Goldman

Swallow hard The Economist

US Treasuries strangely subdued despite soft data Reuters / Wayne Cole

Default Is Becoming a Way of Life in Argentina Bloomberg / David DeRosa

Japanese 10-Year Bonds Drop After Gain in Stocks, Note Auction Bloomberg / Keiko Ujikane

U.S. June Producer Prices Fall 0.3%; Core Up 0.2% Bloomberg / Joe Richter

Oil prices rise sharply amid terrorism fears AP via Dallas Fort Worth Star Telegram / Masood Farivar

Nokia posts lower income, warns Reuters via CNN

Bolstered by improved sales, Sony Ericsson beats Q2 expectations CP via / Matt Moore

US senator "concerned" about SEC's hedge fund push Reuters

Political divisions on SEC San Francisco Chronicle / Kathleen Pender

Khodorkovsky Led Criminal Gang, Russia Court Told Reuters / Richard Ayton

Industrial Production and Capacity Utilization Federal Reserve Board

Empire State Manufacturing pdf Federal Reserve Bank of New York

Schwab Fire Sale / NY Post / Jenny Anderson

Deal sets stage for Japanese giant FT / David Ibison, Michiyo Nakamoto and Barney Jopson

Letting the Chips Fall Where they Must Sage Capital Zurich via Safehaven / Sean Corrigan

NV: Two More High Rollers Discuss a Merger NY Times / Andrew Ross Sorkin

Europe reluctantly eyes a longer work week Christian Science Monitor / David R. Francis

China: Premier Wen warns of economic pitfalls People’s Daily

Japan: Currency official happy with recent movements Japan Times

Japan: Corporate bankruptcies down 19.3% in first half Japan Times

The Paradox of Prosperity NY Times / Virginia Postrel

70s Style Stagflation Is Possible in Asia Bloomberg / William Pesek Jr.

Yukos offers its whole cash pile to pay part of tax bill NY Times via IHT / Erin E. Arvedlund