Bondhead News Archive

December 15 – December 31


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Boeing's Finance Unit: Fuel for Scandal? / Roy Harris and Kris Frieswick

WI: Still feeling tariffs' weight Milwaukee Journal Sentinel / Rick Barrett

U.S. HUD's Ginnie Mae plans two new bond programs Reuters / Aleksandrs Rozens

U.S. reaches Central America free trade deal FT / Edward Alden

Rapid rise of euro is 'risk' for Eurozone FT / Tony Major and Andreas Krosta

Treasury yields fall amid relief over prices FT / Paivi Munter, Charles Batchelor and Bayan Rahman

Treasuries Rise to Reflect Low Inflation Reuters via ABC News / Ros Krasny

Old black magic CNN / Justin Lahart

Bush's bonus depreciation perfectly fits election cycle Baltimore Sun / Jay Hancock

Interest Rates to Rise - Fed Must Unwind Bond Bubble Zacks / Ed Bugos

MSRB Plans G-37, G-38 Guidance Bond Buyer / Lynne Hume

RBC Wins Hough Over Bond Buyer / Susanne Walker

Swiss funds cut reserves too far – survey Investment and Pensions Europe

Figuring out numbers game reg Newhouse News via Chicago Tribune / Alison Grant

Canada: U.S. agency upholds need for lumber duties CP via Toronto Star

Canada: Assets help lower Canada's foreign debt CP via Toronto Star

California mortgage delinquencies drop Inman News

Real estate market won't repeat 2003 Inman News / Jessica Swesey

Manufacturing jobs vanish as economy keeps evolving AP via Tucson Citizen / Dave Carpenter

China's Fixed Asset Spending Rises AP via ABC News

Owners get zero in Yukos, Sibneft breakup UPI via Washington times

Schroeder Alienates SPD Members With Labor Accord Bloomberg

CA: EU Averts Wine War With U.S. for Now reg LA Times / Corie Brown

No relief in sight for battered greenback Ottawa Business Journal

DIARY - Top economic Events - to January 10 Reuters via Forbes

Castro, U.S. farm officials discuss trade AP via Seattle Post Intelligencer / Anita Snow

We found the rally! CNN / Bethany McLean

BoJ optimistic on fight against deflation FT / David Pilling

Bank of Japan takes a more optimistic line Bloomberg via International Herald Tribune / Lily Nonomiya

Wal-Mart forecast concerns some analysts Detroit Free Press

Supreme Court Takes On The World Forbes / Dan Ackman

A teaspoonful of tax cuts The Economist

NY: LI Home Prices Leveling Off Newsday / Christian Murray

Where's the inflation? CNN / Mark Gongloff 

Weak dollar pressures Europe Reuters via CNN

Calpers files suit against NYSE and specialists FT / Elizabeth Wine

Why mood went uncaptured Philadelphia Inquirer / Jeff Brown

Citigroup Adds $150 Million to Unit in Argentina Bloomberg

Precious metals boosted by weaker dollar FT / Kevin Morrison

Industrial Production and Capacity Utilization Federal Reserve

Spitzer's Fund-Fee Hounds Bark Up the Wrong Tree Bloomberg / Chet Currier

Current account offers respite for the dollar FT / Ivar Simensen

Through Holes In The Floor Of Heaven Pimco / Paul Mculley

Puff the magic dragon The Economist

Hot Economy, Lagging Fed National Review / David Malpass

Anti-Gravity and Oil Prices Daily Standard / Irwin Stelzer

Strong dollar? CNN / Justin Lahart

Industrial output surges CNN 

Dick Cheney fighting to keep 'Enron papers' secret UK Business Telegraph / Simon English

The New Medicare Dallas Fort Worth Star Telegram / Mark Horvit

WI: Beef prices soar with demand Green Bay Gazette / Richard Ryman

U.K. Inflation Rate Down to 1.3 Percent AP via Tallahassee Democrat

China's consumer class keeps growing NY Times via International Herald Tribune / Louis Uchitelle

Yen Falls on Speculation Japan Will Sell Currency to Stem Gains Bloomberg

Asian Leaders See Stock Price as Bottom Line Bloomberg / Andy Mukherjee

Attempt to Revive WTO Negotiations Falters Bloomberg via Moscow Times

BOJ Will Probably Keep Zero Rates Today as Prices Extend Slide Bloomberg



The risks for the world economy in 2004 AFP via Yahoo

Resisting eviction, EU assembly buys second home in France AFP via EU Business

UK business spending seen hit by pensions Investment and Pensions Europe

Corridors of power UPI / Roland Flamini

Will Continental Blockbuster Spark More Airline bond Deals? Corporate Financing Week via Institutional Investor

Real estate purchases climb Inman News

Stores slashing prices to wrap up holiday sales Reuters via San Diego Union Tribune / Emily Kaiser

2 banking firms will lend United $2 billion Denver Post

Budget Deficit a Concern - W.House Aide Reuters via Yahoo

Extending unemployment benefits extends unemployment National Review / Bruce Bartlett

Weaker dollar justifies high oil prices-UAE oil minister Reuters via Yahoo and Prudent Bear

Oil prices surge to highest level since Iraq war Reuters via Houston Chronicle 

China's Velvet Glove reg NY Times / Nicholas D. Kristof

UK: Concern over relaxation of bankruptcy laws Press Association via Guardian

WA: Official word on 7E7 was what battered region was waiting for Seattle Post Intelligencer / James Wallace and Paul Nyhan

WA: State jobs moving to workers overseas Seattle Post Intelligencer / John Cook

NY: Wall St. Bonuses Adding To State Coffers AP via Newsday

Fannie Mae key to US housing policy-CEO Raines Reuters via Yahoo

UK: Brown plays Father Christmas reg Money Telegraph / Robert Watts

Dollar Falls to a Record as Investors May Shun Low U.S. Rates Bloomberg

U.S. mortgage applications rebound Reuters via MSNBC

CA: The refi race hits the finish line reg Orange County Register / Jonathan Lansner

CA: Housing prices slow their rise reg Orange County Register / Hang Nguyen

Market timers spun a profit from noise reg Dallas Morning News / Scott Burns

Fannie Mae, Freddie Mac bill sale calendar Reuters via Yahoo

Corporate/Agency Bonds Community Events Calendar Reuters via Yahoo

WA: State jobs moving to workers overseas Seattle Post Intelligencer / John Cook

The Case for Silver Forbes via Yahoo / James Grant

Bonds Refusing to Yield Smart Money via Yahoo

Making Sense of Money Supply Data Ludwig von Mises Institute / Frank Shostak

Why Doesn't the Output Gap Work for Industries? Bloomberg / Caroline Baum

Heartland Insider Case Shows Banality of `Me, First' Bloomberg / Joe Mysak

Lehman, Bear Stearns Earnings Rise on Bond Trading Bloomberg

A profits problem CNN / Justin Lahart

Dollar under pressure as trend continues FT / Jennifer Hughes

Bonds rise as US Treasuries rebound FT / Charles Batchelor

Minehan says Fed to watch economy grow Reuters via Boston Globe

How trading is handled at the NYSE Sacramento Bee / Jack Sirard

Gasoline prices drop to 1-year low Sacramento Bee / Dale Kasler 

Putnam fires another 9 employees Boston Globe / Andrew Caffrey and Jeffrey Krasner

Euro swap spreads set to widen in 2004 Reuters / Sabrina Ghani

UK: Bank voted 8-1 to hold UK rates BBC News

Air Wars / Tony McAuley

Zimbabwe's inflation hits record BBC News

Australia: Secret meetings, cash bribes and dirty deals Sydney Morning Herald

America in reverse Guardian / Larry Elliott

UK: Bills, not mortgages, strain housekeeping Guardian / Jill Treanor

UK: Inflation falls short of Brown's target Guardian / Larry Elliott

As Commuter Planes Shrink, Worries Grow Newsday / Tom Incantalupo

Qatar to become major player among gas producers Gulf Daily News

S&P Says Russia Still Too Hooked On Oil Reuters via Moscow times / Todd Prince

A Bigger EU Threatens Russian Steelmakers Moscow Times / Simon Ostrovsky

Russia Seen Setting World Grain Prices Reuters via Moscow Times / Valerie Parent

Greenspan Offers Economics 101 on China Bloomberg / William Pesek Jr.




Unpopular Nafta at ten UPI / Ian Campbell

A treasure hunt The Economist

Humbled The Economist

Volume Cap Increases to $25.8 Billion Population, Inflation Trigger $1.57B Rise Bond Buyer / Carig T. Ferris

Western Hemisphere Free Trade Race Heats Up Bloomberg / David DeRosa

The Fed's Predecessors in American History Ludwig von Mises Institute / H.A. Scott Trask

EBay pulls plug on sale of flu shots Boston Globe / Stephen Smith

Guiding Principles To Promote Integrity of Fixed Income Research Bond Market Association

NYSE Appoints Goldman's Thain as Chief Executive Bloomberg

Banks back SK family against foreign fund FT / Andrew Ward and Song Jung-a

Gold is solid again as investors bid up prices Knight Ridder via Morning Call / David Sylvester

WA: Let's not squander a chance to learn: Economic development is key Seattle Post Intelligencer / Bill Virgin

Fed Reserve Banks to Cut Up to 300 Jobs AP via Tallahassee Democrat / Devlin Barrett

Summit group confirms use of ID chip Washington Times / Audrey Hudson and Betsy Pisik

Conflict of interest at the Big Board CNN / Justin Lahart

US Chamber of Commerce bullish on 2004 UPI / T.K. Maloy

Profit-taking provides dollar with respite FT / Jennifer Hughes

Russian tanks invade, fill U.S. cars with fuel Baltimore Sun via South Florida Sun Sentinel / Marego Athans

Argentine Welfare Payments Help Reduce Unemployment Bloomberg

Giscard calls for year-long delay to EU constitution talks AFP via EU Business

IMF tells UK to cut spending or raise taxes FT / Ed Crooks and Anna Fifield

UK projects 12% rise in pensioners Investment and Pensions Europe

Chile Peso Rises on Copper Gain; Brazil Falls Bloomberg

A Pact on Central America Trade Zone, Minus One reg NY times / Elizabeth Becker

Bonds head into data vacuum Reuters / Dean Patterson

Fitch cuts California's bond rating to BBB Reuters

Leaning On The Bond Crutch Forbes / Ari Weinberg

Schwarzenegger Declares Fiscal Crisis AP via NY Times and IWon

Fannie Mae to buy back up to $400 mln bonds Friday Reuters

Strong Demand, Weak Dollar Aiding U.S. Steelmakers reg AP via Hartford Courant / Judy Lin

Deflation cutting toy, clothing prices: report Chicago Sun Times / Sandra Guy

Enforcement Actions Involving Credit Lyonnais, S.A. Federal Reserve Board

Putin calls for higher taxes for oil industry Reuters via Houston Chronicle

Rocky road to US recovery BBC News / Steve Schifferes

Low inflation continues to be blessing Philadelphia Inquirer / Jeff Brown

U.S. workers feel burn of long hours, less leisure USA Today / Stephanie Armour

Parting the veil The Economist

Business Outlook Survey Federal Reserve Bank of Philadelphia

Congress unlikely to harm Freddie, Fannie ratings Reuters via Yahoo 

UK: Who killed the constitution? The Economist

Ex-Freddie Mac Execs Face $8.4M in Fines AP via St Louis Post Dispatch / Marcy Gordon

U.K. November Retail Sales Rise Slowest in 4 Months Bloomberg

Brown Says Global Recovery Makes Britain's Deficit `Affordable' Bloomberg

Yields suffer as investors snap up euro debt FT / Charles Batchelor

UK: Premium Bonds power savings boom This Is London

Frankfurt rumour pushes euro to new high Guardian / Mark Milner and Larry Elliott

Wall Street warms to China Guardian / David Teather

South Korea trade deficit hits record Japan Times

Asia Worries About Getting Less U.S. Investment Bloomberg / Andy Mukherjee

Argentine Welfare Payments Help Reduce Unemployment  Bloomberg

Former Freddie Mac CEO Brendsel Faces Civil Action Bloomberg

Has Housing Topped? Prudent Bear via Safehaven / Chad Hudson

Bush’s Inflation-Free Boom National Review / Larry Kudlow

MA: Gov's economy whiz quits: Bureaucracy tired in-demand Pozen Boston Herald / Elisabeth J. Beardsley, Jay Fitzgerald and Scott Van Voorhis

Gold Slips in Europe Reuters via Boston Globe

Job seekers give up, so jobless rate goes down Detroit Free Press / John Gallagher

Vanishing jobs CNN / Leslie Haggin Geary

U.S. population passes 290 million Inman News

Overnight interest rates down, benchmark bond down Inman News

Paris Club process rapped by Iraq debt campaigners Gulf Daily News

N.Z. Cuts Bond Sales; Economic Growth Swells Surplus Bloomberg

Russia: UN Think Tank Rips 'Naive' Reforms Moscow Times / Simon Ostrovsky

Bank of England hints at rise in interest rates Gulf Daily News

Russia: Economists: Forget WTO, Economy Just Fine Moscow Times / Alla Startseva

Chicago traders to loosen remaining links FT / Jeremy Grant

End to Russia oil merger could be long and bitter NY Times via International Herald Tribune



CA: Fewer seasonal retail jobs for more overqualified workers Santa Cruz Sentinel / Karen A. Davis

An Educating Use of Business Practices Washington Post / Steven Pearlstein

Japan sets 2004/05 budget, debt costs mean no cut Reuters via Yahoo / Ritsuko Ando

US SWAPS-Spreads wider for shorter maturities Reuters via Yahoo

Canada: Inflation steady in October Globe and Mail / Terry Weber

FL: Mortgage jobs fall off Orlando Sentinel / Richard Burnett

Blankfein Next In Line At Goldman NY Post / Jenny Anderson

Hank Yanks $21M From Goldman NY Post / Paul Tharp

UK warned over deficit as population ages Investment and Pensions Europe

BofA dragged into Parmalat scandal FT / Fred Kapner and Andrew Parker

Russia: Governor's Pipeline Talk Causes a Stir Moscow Times / Valeria Korchagina

Russia: Reserves Jump to $71.8Bln Reuters via Moscow Times

Taiwan: Bankers extend rollover plan for troubled loans Taipei Times / Joyce Huang

Gold - The Weekly Perspective  Gold-Authentic Money via Safehaven / Julian D. W. Phillips

Illusions of Power Ludwig von Mises Institute / Llewellyn H. Rockwell, Jr.

An election year rally? CNN / Alexandra Twin

Where'd all our money go? CNN / Mark Gongloff

Bolten’s Fuzzy Math National Review / Tad DeHaven

WI: State’s economic future may be bleak Green Bay Press Gazette / Richard Ryman

CA: Home prices reach record high Oakland Tribune / David Morrill

Striking Calif. workers, grocers return to talks Reuters via Forbes / Gina Keating

Boomers will drive '04 Inman News / Claude & Nina Gruen

Latest economic data 'uniformly positive' Inman News / Lou Barnes

WI: Strong plans changes to reassure fund investors Milwaukee Journal Sentinel / Avrum D. Lank

NV: Nevada's jobless rate at lowest point in 34 months Las Vegas Sun / Cy Ryan

TX: Jobless report points to rebound Dallas Fort Worth Star Telegram / Maria M. Perotin

Parmalat admits $4.9bn black hole BBC News

Argentina's threadbare recovery BBC News / Elliott Gotkine

Bond Prices Finish Somewhat Lower AP via Miami Herald

Banker Rose Through Ranks Newsday / Pradnya Joshi

Fall in foreigners' U.S. investments helps to put pressure on the dollar Philadelphia Inquirer / Andrew Cassel

Everything's Pointing Up Except Money Supply Bloomberg / Caroline Baum 

Arnold Pages Mr. Hanks, Mr. Howard, Mr. Spielberg Bloomberg / Joe Mysak

Dollar near lows in holiday-thinned trade FT / Jennifer Hughes 

US muni bond funds see $294 mln weekly outflows Reuters

Taiwan: No rift exists in relations with US Taipei Times / Paul Lin

Italian and German Consumer Prices Probably Rose in December Bloomberg

Japan to Sell 36.6 Tln Yen of New Bonds Next Year Bloomberg

Accountants urged to take moral stand FT / Andrew Parker and Adrian Michaels

U.S. Begins Investigation Of United reg NY times / Micheline Maynard

Slow economic times foster a bartering boom NY Times via International Herald Tribune / Julie Flaherty

NY: Some from WTC Vow Not to Return to New Tower Newsday / James Bernstein

European leaders show worry over euro's rise AP, Reuters and International Herald Tribune



UK: A way to combat company pension Scrooges FT / Martin Dickson

European 10-Year Bonds Log Third Weekly Gain as Euro Advances Bloomberg

Canada: Stock options to be an expense after Jan. 1: Accounting Standards Board CP via

A golden hedge for investors reg Dallas Morning News / Scott Burns

WA: 32,000 in state to lose extra weeks of unemployment benefits Seattle Times / Sarah Anne White

IL: Out of work and full of worry reg Chicago Tribune / Imran Vittachi

CA: Shoppers wait, win -- at a cost Sacramento Bee / Jon Ortiz

Ruling that CBOT needs OK on plan is upheld Chicago Sun Times / Ann Saphir

REIT's go global as hunger for yields grows International Herald Tribune / Miki Tanikawa

Talks in L.A. Grocery Strike Break Down AP via Newsday / Alex Veiga

How bad is it? Boston Globe / Robert Gavin

Euro Rises for 6th Straight Week After ECB Officials' Comments Bloomberg

Japan: Ministry set to propose 82.11 trillion yen budget draft Japan Times

Japan: Real growth seen at 1.8% in fiscal 2004 Japan Times

Parmalat 'is Europe's Enron' Guardian / John Hooper and Mark Milner

Cayman Islands to investigate Epicurum FT / Andrew Parker

UK: Pumped-up pound is a poser Guardian / Edmond Warner

EU aims payback at U.S. trade law Washington times / Jeffrey Sparshott

Venezuela courts oil investors NY Times via International Herald Tribune Juan Forero

U.S. faults progress by China on trade AP, AFP and International Herald Tribune

Why America couldn't give two hoots for the strong euro reg UK Business Telegraph / Neil Collins

Former Merrill trader exposes earnings scam FT / Joshua Chaffin and Adrian Michaels




Oil Rally Could Bring Economic Gusher NY Post / Kaya Laterman

Retailers hope last-minute shoppers loosen up St Louis Post Dispatch / Thomas Lee

CA: Talks break down after 12-hour session San Diego Union Tribune / Frank Green

Flu bug bypasses Wall St. San Francisco Chronicle / Kathleen Pender

UN targets tax-avoiding multinationals Guardian Observer / Nick Mathiason

Dominican Republic bonds hinge on budget Reuters via Yahoo

European trio set to build on trilateral ties FT / James Blitz in London and George Parker

Japan adds firepower to fight yen's rise FT / Bayan Rahman and Anna Fifield

After Backing U.S. in Iraq, Poland Waits for Economic Payback reg NY Times / Mark Landler

The 'job-loss' recovery Seattle Times / Stephen Dunphy

Dollar, Even in Decline, Makes World Go Round reg LA Times / James Flanagan

The hell with mission statements CBS Market Watch / Marshall Loeb

The debt set: 20-somethings are racking up big credit bills Washington Post via Seattle Times / Margaret Webb Pressler

Online sales growth tops 30% CNN / Parija Bhatnagar

Stores Cross Their Fingers for Profits AP via ABC News / Patrick Walters and Ellen Stapleton

More state treasurers join campaign to clean up Wall Street AP via Buffalo News / Jim Wasserman

Rocky start, big finish Boston globe

Across US, jobless losing benefits Boston Globe / Susan Milligan

Is recovery a reality? AP via Arizona Daily Sun / Adam Geller

Dollar's Drop Becomes Ominous –Investors Reuters via Yahoo / Nick Olivari

Manufacturing, House Sales Seen Rising: U.S. Economy Preview Bloomberg

U.S. Fund Troubles Are Spilling Into Europe reg NY Times / Conrad De Aenlle

As dollar tumbles, gold rises Sacramento Bee / Jack Sirard

Jobless workers get no holiday gift from Congress Minnesota Star Tribune / Elizabeth Dunbar

Detailed disclosure of fees the best option Philadelphia Inquirer / Jeff Brown

Your insurer has a holiday present for you reg Chicago Tribune / Mary Umberger

CO: Lawsuits fail to faze spammer Denver Post / Al Lewis

Has Wal-Mart met its match? Minnesota Star Tribune / Eric Wieffering

EU: Berlusconi goes cool on the euro BBC News

Why Gaddafi gave up WMD BBC News / George Joffe

UK: Worst Christmas sales for years Guardian – Observer / Nick Mathiason

UK: It's the Treasury model, but a different answer Guardian – Observer / Faisal Islam

Euro falls from its dizzy heights as traders take profits AFP via Taipei Times

India's foreign currency reserves reach $100 billion Gulf Daily News

Pondering the Year's Mysteries reg LA Times / Tom Petruno

CO: Colorado concerned as ski numbers continue downhill Denver Post via Omaha World Herald

Emerging-Market Bonds May Be Better Than Junk reg NY times / Jonathan Fuerbringer 

A Recovery for Profits, but Not for Workers reg NY times / Louis Uchitelle

Japan Arms to the Teeth Over Strong Yen Bloomberg / David DeRosa




Survey Reports Strong Support for Longer Dated TIPS Bond Market Association

Gold - The Implications of a China-centric World Maison Placements via Safehaven / John Ing

Making sense of money supply data Brookes News / Dr. Frank Shostak

Internet Grinches National Review / Sonia Arrison

Freddie Tries to Fix Foundation Washington Post / Kathleen Day

Freddie Mac’s Misstep NY Post / Christopher Byron

Condo sales outpace apartment demand Inman News

CA: More small firms borrowed reg Orange County Register / Jan Norman

Christmas keeper Minnesota Star Tribune / Mike Blahnik

Weak Dollar Seen Magnifying Chip Recovery Reuters via ABC News

Pennsylvania Budget Pact Raises Taxes Bond Buyer / Gillian D'Ambrosio

Canada: U.S. dollar's weakness boosts loonie CP via Toronto Star / James Dalziel

CIBC to pay $80M US in Enron-related settlement CP via Toronto Star

China's war: Against wires AP via Toronto Star / Ted Anthony

Why Austrians Should Care About Network Science Ludwig von Mises Institute / Gene Callahan

OSFI and Federal Reserve Board Announce Agreement with CIBC Federal Reserve Board

Fannie, Freddie don't expand homeownership, Fed says Bloomberg via Omaha World Herald

Rising commodity prices not a U.S. inflation signal Reuters via San Diego Union Tribune / Alden Bentley

Yield gap drawing buyers to Australia Bloomberg / Hamish Risk

Treasury prices dip despite terror fears FT / Päivi Munter and Bayan Rahman

Oil falls more than $1 a barrel Reuters via Houston Chronicle

Fed: Mortgage rates remain high AP via Baltimore Sun / Martin Crutsinger 

Euro hits fresh peak on dollar FT / Neil Dennis

Industry body condemns soft dollar charges FT / Ellen Kelleher

Mexico's Fox Calls Tax Defeat a `Historic Mistake Bloomberg

Auditor defends role at Parmalat reg UK Business Telegraph / Philip Aldrick

China mulls move from dollar peg BBC News

Parmalat 'falsified its accounts' BBC News

In China: Profit at your own peril USA Today / David J. Lynch

Why the U.S. Treasury Market Just Won't Go Down Bloomberg / Caroline Baum

More turbulence ahead for bond investors in 2004 Royal Gazette / Kees van Beelen

Risk-takers rewarded by junk bonds Barron’s via National Financial Post / Jennifer Ablan

Too little, too late? CNN / Mark Gongloff

Canada: Bondholders may control Hollinger fate Globe and Mail / Richard Blackwell

Brazil Jobless Rate Falls First Time in Three Months Bloomberg

Dollar Weakens to Record Versus Euro After Terror Alert Raised Bloomberg

Euro 30-year corporate market faces growing pains Reuters / David Wigan

China prepares for Christmas with mass toys, gifts exports People’s Daily

U.S. to Sell $26 Billion of Debt Tomorrow; Japan Plans Sale Bloomberg

Dollar May Fall After U.S. Raises Terror Threat Level to `High' Bloomberg

Insolvency stalks Italian food giant NY Times via International Herald Tribune / John Tagliabue

For executives in Europe, life appears rosier International Herald Tribune / Eric Pfanner

Islam 'doesn't' slow economies Christian Science Monitor / David R. Francis

Dollar May Drop Against Euro for Seventh Week, Survey Suggests Bloomberg



Addicts and Pushers Gary North's Newsletter via Lew Rockwell / Gary North

Risk from mad cow case is rated low Omaha World Herald / Jake Thompson

Japan, S. Korea to Halt U.S. Beef Imports AP via Morning Call / Audrey McAvoy

Limited U.S. Mad Cow Impact Reuters via Yahoo

Gaps seen as economy rebuilds reg Chicago Tribune / Thomas A. Coffman

Boom in emerging market debt FT / Päivi Munter

Relief Is on the Way Bond Buyer / Matthew Vadum

UK pension funds switch to bonds Investment and Pensions Europe

Argentina debt talks tenor seen worrying IMF Reuters via Yahoo

U.S. Companies Moving More Jobs Overseas Reuters via Yahoo / David Zielenziger

Toys struggles amid holiday slump Wall Street Journal via Houston Chronicle and Prudent Bear

Vouchers: Another Central Plan Ludwig von Mises Institute / Laurence M. Vance

After a Scandal-Filled Year, CEOs Still Get Bonuses Washington Post / Allan Sloan

US mortgage bonds spreads wider on profit-taking Reuters via Yahoo

Have Gold and Silver Seen Tops? Clif Droke via Safehaven

OH: Last-minute Santas Ohio Beacon Journal / Mary Ethridge

CA: Median home price in county up to $454,600 San Diego Union Tribune

GA: GOs Would Bolster Loans to Atlanta Bond Buyer / Tedra DeSue

Treasuries slip further as $26bn auction disappoints FT / Päivi Munter

Nasdaq says it made no NYSE move FT / Andrei Postelnicu

Parmalat 'missing up to €10bn' FT / Fred Kapner

Taipei rejects reports of spy ring in China FT / Mure Dickie

Russia may vet post-Soviet rich BBC News

IL: Shoppers turn tightwad in season's last weekend AP and Chicago Sun Times / Sandra Guy

CA: Amid the rise of plastic, layaway plans stay strong LA Daily News / Brent Hopkins

CT: Charging Headlong into Debt Connecticut Post / Rob Varnon

Vehicle tax deduction stirs interest, controversy reg Dallas Morning News / Terry Box

TX: Where's the JINGLE? Dallas Fort Worth Star Telegram / Heather Landy

New life for Japan bonds as yen rises Bloomberg via International Herald Tribune / Chris Cooper

Moscow Court Extends Detention of Russia's Richest Man reg NY Times / Erin E. Arvedlund

Euro takes a well-earned rest FT / Neil Dennis

When Paycheck Is Low, Discount Retailers Have Pull reg NY Times / Constance L. Hayes

Freddie, Fannie aren't helping enough USA Today / Thomas A. Fogerty

FDA on Canada drugs: 'No way' USA Today / William M. Welch

Boosting Business Spending Forbes / Bernard Condon

States To Move Against Mutual Funds Forbes / Neil Weinberg

Stock Markets hit 52-week highs AP via Washington Times

Investigators Outline Parmalat's Efforts to Hide Liabilities reg NY Times / John Tagliabue

Chinese wooing thinkers on right Boston Globe / Stephen J. Glain

PA: Holiday shopping failing to sizzle Philadelphia Inquirer / Tom Beldon

NV: Fewer new-home permits issued Las Vegas Sun / Jennifer Shubinsi

For Profits, Is It a Case of Back to the '60s? Bloomberg / Caroline Baum

Econ 2004: 5 maybes CNN / Mark Gongloff

Crude oil rises 8 cents to $31.95 a barrel Reuters via Houston Chronicle

GDP Roars Ahead at 8.2 Percent in Q3 AP via Newsday / Martin Crutsinger

Agencies under fresh pressure on rating worth FT / Charles Batchelor

China considers pegging yuan to 10-currency basket AFP via Taipei Times

Japan: Trade surplus climbed 11.3% in November Japan Times

Taiwan: Lin urges expansion of government's fixed investments CNA via Taipei Times

UK: Dejected stores count on 11th-hour rush Guardian / Tania Branigan

Parmalat founder and two ex-directors investigated Guardian / John Hooper and Mark Milner

Freddie, Fannie's Role Questioned Washington Post / David S. Hilzenrath

Japan scrambles to limit dollar damage reg UK Business Telegraph / David Litterick

Russia: Residential Prices Soar in 2003 Moscow Times / Denis Maternovsky

Ballmer's Idea to Save U.S. Jobs Won't Work Bloomberg / Andy Mukherjee

Oil Seen Falling as Iraq, Russia Raise Output Bloomberg via Moscow Times / Stephen Voss and Angharad Couch

Putin Offers to Wipe $5Bln of Iraqi Debt AP via Moscow Times / Jim Heintz



European Bonds to Extend 3 Years of Declines in 2004 Bloomberg

U.S. Cites KPMG's Tax Shelters as Being Abusive Bloomberg / Lee Berton

Bank of China to Get $20 Billion Bailout Before IPO Bloomberg

Wal-Mart juggernaut sweeps through Mexico NY Times via International Herald Tribune / Tim Weiner

Mexico to impose 50% tariff on Japanese autos Japan Times

Nickel hits 14-year high on Chinese demand FT / Kevin Morrison

U.N. Passes Two-Year Budget Topping $3 Billion reg Reuters via NY Times

Treasuries Lit Up by Weak Durables Data Reuters via Boston globe / Ros Krasny

Mad cow: Buy now? CNN / Parija Bhatnagar

The Auditors Never Noticed reg NY Times / Floyd Norris

Brazil to Be `Sparing' About Further Rate Reductions Bloomberg

PA: Critics say state budget slams business Pittsburgh Tribune Review / Michael Yeomans

WI: Heartland flourishes while Strong struggles Milwaukee Journal Sentinel / Kathleen Gallagher 

Commerce or Commissar? Ludwig von Mises Institute / Paul Cantor

Pre-Christmas Economic News Not So Cheery Reuters via Yahoo / Glenn Somerville

Mad cow case will have impact on US industry, economy AFP via Yahoo

On The Madness Of Cows Forbes / Dan Ackman

Dollar steady as strategists eye the new year FT / Neil Dennis

Interest rates, benchmark bond trend higher Inman News

NY: Increase in Office Leases Offsets Market Turnover Newsday / Jamie Herzlich

Raymond James Faces $13M in Penalties AP via Mercury News

Russia: Courts Deny Bail to Khodorkovsky, Lebedev Moscow Times / Simon Ostrovsky

Russia: Putin Threatens To Revisit Sell-Offs Moscow Times / Alla Startseva

Taiwan: Grinches across the Strait Taipei Times

Everything but Christmas spirit 'made in China' AP via Houston Chronicle

New orders for big-ticket items plunge in US AFP via Channel News Asia

BofA raises stakes in Parmalat case reg Charlotte Observer / Rick Rothacker

Harvard Sets `Demand' Standard for Municipal Credits Bloomberg / Joe Mysak

U.S. November New Home Sales Fall 2.4% to 1.082 Million Rate Bloomberg

Durable goods orders plunge Reuters via CNN

Sales of Heavy Construction Equipment Gaining Ground reg Reuters via LA Times

Splurge sustains retail outlook Dallas Fort Worth Star Telegram / Heather Landy

Barriers go up against US beef BBC News

Betting on southeastern Europe Bloomberg via International Herald Tribune

Consumers Spent More Last Month Washington Post / John Berry

Executives Spend Lavishly on Defense Washington Post / Carrie Johnson

Italian Officials Say They Suspect $11 Billion Ruse at Parmalat reg NY Times / John Tagliabue

Taiwan: Ratings agency sees high consumer debt for 2005 Taipei Times / Amber Chung

Dollar Flat, No Mad Cow Fallout Yet Reuters via ABC News / Naomi Tajitsu

Russian Oil Companies Face New Taxes reg NY Times / Erin E. Arvedlund

Euro, Friedman's `Big Mistake,' Heads for Largest Annual Gain Bloomberg

UK economy growing faster than expected reg Business Telegraph / David Litterick

10 Things Asia Could Use This Christmas Bloomberg / William Pesek Jr.




Fewer are carrying 'Made in U.S.A.' labels AP via Philadelphia Inquirer / Siobhan Mcdonough

Organic Beef Industry Expects More Sales AP via St. Louis Post / David Dishneau

China Talks of Fixing Yuan to Currency Basket Bloomberg / David DeRosa

Long-term mortgage rates flat Inman News

Mad Cow in America Prompts Ban on Beef Moscow Times / Alla Startseva

U.S. beef banned by 15 nations Washington Times / Jeffrey Sparshott

Banks feel the pinch as refinancing winds down reg Chicago Tribune / Mark Skertic

TX: Retail crews juggle season's demands Dallas Fort Worth Star Telegram

Internet sales up 31% over last year Seattle Post Intelligencer / Greg Wiles

US shifts on mad-cow risk Boston Globe / Stephen Smith

Heading back to malls: Brush up on rules governing returns Minnesota Star tribune / Melissa Levy

Free Trade to Underwrite India, Pakistan Peace? Bloomberg / Andy Mukherjee

U.S. Asks Japan to End Beef Ban; Mad Cow Case Confirmed Bloomberg

IA: Iowans hope Santa brings jobs Des Moines Register / Donnelle Eller

WA: Lots of last-day shopping may not add up to growth in sales Seattle Post Intelligencer / Christine Frey

CT: State Home Permits Slip, Still Outpace 2002 reg Hartford Courant / John M. Moran

Unilateralism Has Its Price reg NY Times / Jeff Madrick

German euro-deputy wants bigger EU role for language of Goethe AFP via EU Business

Japan: Cabinet approves 82 trillion yen budget Japan Times / Hiroko Nakata

Japan Shouldn't Weaken Yen, Ex-BOJ Chief Hayami Says Bloomberg

Dollar Holds Near Record Low Against Euro; U.S. Growth May Slow Bloomberg



The Games Economists Play Ludwig von Mises Institute / Robert P. Murphy

Christmas' future: more shopping Christian Science Monitor / Susan Llewelyn Leach

Deflation continues to haunt Japan reg NY Times / Savid Ibison

Canada: Loonie is bird of the year: continued currency appreciation seen for 2004 CP via

Bondi to focus on Parmalat's bondholders FT / Tony Barber

US Treasuries run up on McTeer inflation comments Reuters / Ros Krasny

Bank of Japan, ministry agree on bond deal UPI via Washington Times

Pentagon's War Needs Are a Lifeline for Airlines reg NY Times / Micheline Maynard

Russia to Audit Sales of State Assets AP via Newsday / Mara D. Bellaby

Treasury Notes Rise on Concern of Increased Terrorist Activity Bloomberg

Ringing at NYSE Has Become Belle of the Ball reg LA Times / Thomas S. Mulligan

California Earthquake Doesn't Shake Municipal Market Bloomberg / Joe Mysak

Concerns Rising With Dollar's Continued Fall Washington Post / Jonathan Weisman and John M. Berry

Don’t bet on it: Our business forecasts for the new year NY Post / John Crudele

Dollar slumps despite Bush's strong-dollar policy AP via Buffalo News / Rachel Beck

Parmalat Bondholders See Little Repayment as Banks Come First Bloomberg

Euro's Gains Spotlight Diversity in Markets Washington Post / Peter S. Goodman

Russia: CB to Crack Down on 'Hot Money' Moscow Times / Alex Fak

Japan: National wealth down to 2.79 quadrillion yen Japan Times

The New Boom in Dividends Is Off to a Quiet Start Bloomberg / Chet Currier

Easy credit, temptations lure many to the edge Detroit Free Press / Susan Torpor

Why mad cow scare won't sap U.S. economy Chicago Sun Times / Brian Wesbury

Small-business hiring on hold as year ends USA Today via Arizona Republic / Jim Hopkins

Steady Shopping Boosts Malls and Markets Washington Post

Fast Food Fears NY Post

Fed official says policy steady until inflation a danger Reuters via USA Today

McTeer: Inflation still at bay CNN 

MA: Falling gasoline prices a present for Mass. consumers Boston globe / Thomas Grillo  

Prices of electronic goods see steady fall Washington Post via Omaha World Herald

Retailers poised to slash prices further to help meet sales goals AP via St. Louis Post Dispatch / Anne D'innocenzio

Fewer smiles at Wal-Mart Reuters via CNN

Results Mixed, Stores Await a Final Burst of Shopping reg NY times / Tracie Rozhon

Parmalat's fall reveals Italian flaw Gulf Daily News




Canada: Fiscal squeeze forecast Globe and Mail / Heather Scoffield

2004: Year of the weird reg Dallas Morning News / Scott Burns

Germany Plans to Raise Taxes on Spirits, Bild am Sonntag Says Bloomberg

Big borrowers benefit from best bond market in 15 years Bloomberg via St. Louis Post / Terence Flanagan

OH: Retail spirit soars in the stores after Christmas Toledo Blade / Jon Chavez

CA: Retailers put on a full-court press San Diego Union Tribune / Frank Green

WA: Expect a price drop in beef, but it may take a few weeks Seattle Post Intelligencer / James Wallace

The Dropping Knife The Euro vs Dollar Currency War Monitor via Safehaven / Alex Wallenwein

Americans volunteering in higher numbers Washington Times / Tom Ramstack

U.S. Decisions On Iraq Spending Made in Private Washington Post / Jackie Spinner and Ariana Eunjung Cha

U.S. Oil Stockpile Draws Criticism reg LA Times / Dana Calvo 

Parmalat Founder Tanzi Detained in Probe Reuters via Yahoo

Life turns sour for Parmalat's patriarch Guardian / Philip Willan

Americans to pay more to eat next year USA Today via Journal News / Barbara Hagenbaugh

Missing on Wall Street? Rash of profit warnings reg AP via Oralndo Sentinel / Joyce M. Rosenberg

CA: County home prices reach 9 times the average wage San Diego Union Tribune / David Washburn

CA: Commercial real estate emerging from doldrums San Francisco Chronicle / Dan Levy

Where was Greenspan during the '90s bubble? Miami Herald / Dean Baker

KS: 13th-hour shopping Wichita Eagle / Dan Voorhis and Kathleen Leal Unmuth

MN: In search of sales Shoppers looked for discounts and retailers hoped to boost business in post-holiday buying St. Paul Pioneer Press / Sheryl Jean

Executive M.B.A. Grads Decide to Look Elsewhere Career Journal via / Perri Capell

Doubts linger over euro's success amid price rise Gulf Daily News

Nations gear up for trade fight with US Gulf Daily News

How to fool auditors: not so hard, it seems NY Times via International Herald Tribune / Floyd Norris
NE: Christmas may be past, but shoppers still are present Omaha World Herald / Stacie Hamel

IA: Retailers tighten policies on returning gifts Des Moines Register / Patt Johnson

Imports of calves' brains revealed Japan Times

S. Korea Joins Japan, Mexico in Banning U.S. Cattle Products Bloomberg

Cow parts used in candles, soaps recalled AP via Albany Times Union / Rukmini Callmachi

Perception fuels scare over beef, experts say Baltimore Sun / Jamie Smith Hopkins and Paul Adams

UK: Employers face fresh liability premium rises Business Telegraph / Yvette Essen

Japan's Bond Futures Have 2nd Weekly Gain on Smaller Sale Plan Bloomberg

South Korean Won Has Biggest Slide in 5 Weeks; Thai Baht Gains Bloomberg



New Zealanders spend, debt soars and economy nears capacity AFP via Yahoo

ECB fears strength of euro will undermine recovery FT / Tony Major and Andreas Krosta

Will Boomers Take Away Bull Market? Newsday / Susan Harrigan

What Scandals Loom in 2004? Newsday / Charles Zehren

Japan to forgive large part of Iraq debt FT / David Pilling

China relaxes rules on lenders FT / Robert Orr

High-risk returns in China AP via Minnesota Star Tribune

WI: China's economic boom hits home Milwaukee Journal Sentinel / John Schmid and Rick Romell 

How Wal-Mart may kill the bar code reg Dallas Morning News / Crayton Harrison

Investor Buffett: Stem that trade deficit Pittsburgh Tribune Review / Jack Markowitz

Inflation worries? Try these bonds Seattle Times / Chuck Jaffe

Canada: CEOs on the bubble Toronto Star / David Olive

China trade to top 840 billion dollars in 2003 AFP via Yahoo

Changes in GDP Since 1984 AP via St. Louis Post

When It Came to Saving, Big Mama Knew Best Washington Post / Michelle Singletary

Oil price trend may surprise next year Globe & Mail / Patrick Brethour

Bonds A Bad Buy At Moment, But Here’s A Strategy NY Post / Desmond MacRae

Factories Seen Expanding, Boosting Jobs: U.S. Economy Preview Bloomberg

Longer auto loans carry bigger payback Chicago Tribune via Morning Call / Humberto Cruz

CA: No place to go reg LA Times / David Voda

Count Your Blessings: 2003 One Of Housing's Best Years reg Hartford Courant / Kenneth Harney

Japan's Takenaka Says Banks Recovering Faster Than Expected Bloomberg

Parmalat Founder Calisto Tanzi Being Interrogated in Milan Jail Bloomberg

Cow's link to Canada may save beef trade NY Times via Omaha World Herald  

Inflation's on a holiday, but don't forget how it can eat up savings Knight Ridder via Seattle Times / Jeff Brown

Bear May Be Playing Possum Newsday / Pradnya Joshi

Factory Work Shifts to Mexico After NAFTA Goes to Asia Newsday / Jim Toedtman and Letta Tayler

Budget airlines beginning to take off around world Cox News via Omaha World Herald

Jobless wait for real recovery AP via Chicago Tribune / Adam Geller

MD: Fund scandal: Did it have to be so bad? Baltimore Sun / Bill Atkinson 

WA: Welcome to America's workforce Seattle Times / Mary Lou Sanelli 

CO: Western farmers wonder if water is best crop AP via Houston Chronicle / Seth Hettena

CO: Tales of the job hunt Denver Post

Weak Dollar Has Put U.S. Assets on Sale reg NY Times / Daniel Gross

A Homespun Hedge Fund, Tucked Away in Texas reg NY Times / Simon Romero

Australia, U.S. May Sign Trade Agreement Next Month, Paper Says Bloomberg

Asia burns beef, gobbles up fish Bloomberg via Taipei Times

US dollar mired in all-time lows over deficit fears AFP via Taipei Times

TX: 22,000 jobs were lost in the industry, but situation looks better AP via San Antonio Express News / Matt Slagle

Australia: Moneylenders fuel family binge Sydney Morning Herald / Clarissa Bye, Sean Berry and Kerry-Anne Walsh



Brazil's Real Has Biggest Gain in Four Months Bloomberg

The Bear's Lair: Put Grandpa back to work! UPI / Martin Hutchinson

The Gold Sector Speculative Investor via Safehaven / Steve Saville

Pittsburgh Is Deemed 'Distressed' Bond Buyer / Gillian D’Ambrosio

Survey: Recovery less 'jobless' in 2004 Washington Business Journal / Jeanine Herbst

Fannie Mae PACs for politics Inman News

Mad cow meat sent to 42 additional locales UPI / Steve Mitchell

Low-carb craze knocks spaghetti out of spaghetti sauce Reuters via USA Today / Michele Gershberg

US agency spreads narrow, prices sink in thin trade Reuters via Yahoo

U.S. population increases every 12 seconds Inman News

Californians may face real estate pickle in 2005 Inman News

Asset-backeds - All's quiet until new year Reuters via Yahoo

Most people switch financial managers because they're ignored Orange County Register via Akron Beacon Journal / Jan Norman

Milking lessons The Economist

NC: How much longer can job cuts go on? reg Charlotte Observer / Amber Veverka

Iraq reconstruction on hold Chicago Sun Times / Robert Novak

China mulls reducing Iraq debts BBC News

For a cool 8.8 trillion dollars, all Britain can be yours...  AFP via Yahoo

U.S. Misses WTO Deadline on Payments; Sanctions Loom Bloomberg

UK: Forever blowing bubbles The Guardian / Larry Elliott

DIARY-U.S. Treasuries, Tuesday, Dec. 30 Reuters

US dollar slides to $1.25 against euro FT / Jennifer Hughes

Euro's gain not a major pain CNN / Mark Gongloff

Waiting for the flood CNN / Justin Lahart

Treasuries hit as stocks continue to surge FT / Alex Skorecki and Barney Jopson

US Corp Bonds - Spreads firm, helped by equity rally Reuters / Dena Aubin

Prospects brighten for tech spending AP via Boston Globe

Canadian Firms Lose Nafta Boost as U.S. Dollar Falls Bloomberg

Help-wanted ads rise in November Reuters via CNN

Short German bond yields near 3-month low FT / Alex Skorecki and Barney Jopson

Treasurys slip as stocks, dollar eyed CBS Market Watch / Rachel Koning

Bond Prices Lower at Midday AP via Aberdeen News

State treasurers are getting on Wall Street's nerves AP via Morning Call / Jim Wasserman

Gold nears 8-year high as dollar slumps FT / Kevin Morrison

Inflation: The Grand Illusion Ludwig von Mises Institute / Sean Corrigan

Fannie Mae, Freddie Mac bill sale calendar Reuters via Yahoo

U.S. corporate bond new issues Reuters via Yahoo

US mortgage-backed spreads widen as lenders sell Reuters via Yahoo

Another Reelection Economy National Review / Larry Kudlow & William P. Kucewicz

Jobless Count Skips Millions reg LA Times / David Streitfeld

New Year Worry NY Post / Suzanne McGee

FDA won't budge on Canada AP via Indianapolis Star / Lolita C. Baldor

When the yogurt hits the fan reg Business Telegraph / Neil Collins

PA: Pittsburgh Deemed Financially Distressed AP via NY Post

Many Churchgoers Put Savings in O.C. Funds reg LA Times / Don Thompson

Dollar Hits Record Low Against Euro Reuters via Washington Post / Dhara Ranasinghe

The pillars of the US' Taiwan policy Taiwan Times / Nat Bellocchi

Japanese unable to shake off the deflation monkey AFP via Taipei Times

Australian Manufacturing Growth Increases in 4Q, Survey Says Bloomberg

When Chinese Workers Unite, the Bosses Often Run the Union reg NY Times / Joseph Kahn

Bring on the Women! They May Help Japan Grow Bloomberg / William Pesek Jr.

Are We OK Yet? Washington Post / Neil Irwin

U.S., China Growth to Boost World Economic Expansion in 2004 Bloomberg

Singapore's Economy Probably Expanded Annual 12% in 4th Quarter Bloomberg

WTO lost much of its credibility at Cancun Business Standard / T N C Rajagopalan

Treasury Note Investors Most Bearish Since 2000, Survey Shows Bloomberg

Dollar May Drop for an Eighth Week Against Euro, Survey Shows Bloomberg



The year of changing unexpectedly The Economist

Worker shortage may be ahead The Record via Houston Chronicle Theresa McAleavy

Pension gap narrower, but shortfall remains NY Times via Houston Chronicle

Michigan Loses Last Triple-A Bond Buyer / Yvette Shields

Healthy Issuance Ahead Bond Buyer / Emily Newman

Extremely rare illness cows world into panic Denver Post / Al Lewis

U.S. beef will be a tough sell in Japan AP via Tallahassee Democrat / Gary Schaefer

Dairy farmers get less for meat amid mad cow scare Milwaukee Journal Sentinel / Tom Daykin

Money and mad cow disease AP via Grand Forks Herald / Frederic J. Frommer

New methods to test for mad cow disease would give results sooner Knight Ridder via Grand Forks Herald / Paul Jacobs

California real estate reaps record gains Inman News

OH: Smucker named top place to work Akron Beacon Journal / Candace Goforth

 Mad Cow? Canadians Don't Seem to Notice reg NY Times / Bernard Simon

The history of an idea The Economist

Prince for a Weill The Economist

GDP growth forecasts, 2004 The Economist

Consuming passions The Economist

The year of the car The Economist

It's an ill wind The Economist

NASD Barred, Suspended Record Number of Individuals in '03 AP via Washington Post

PA: City is distressed Pittsburgh Tribune Review / David M. Brown 

Don't blame the IMF, always BBC News

The Unkept Promise reg NY Times

Central America's Progress Washington Post

Argentina Says It Wants to Remove Advisers From Talks Bloomberg

Securities Firms Seen Earning $15B in '03 AP via Newsday

Longer-Dated Treasuries Lower Reuters / Pedro Nicolaci da Costa 

US Corp Bonds- Tighten on late buying; Tyson battered Reuters / Nancy Leinfuss

Oil prices climb while awaiting data Reuters via Houston Chronicle

U.S. bans 'downer' cattle from beef supply AP via Houston Chronicle

Beef glut to sway prices Sacramento Bee / Jon Ortiz

US 'mad cow' fears hit Japanese food chain FT / Barney Jopson

CA: Housing gap predicted Sacramento Bee / Clint Swett

1st year MBA students must take new course Boston Globe / Robert Weisman

November proves cruel to scandal-tainted funds Boston Globe / Jeffrey Krasner

Yen intervention at record high FT / Barney Jopson

China's grid giant to issue 5-bln-yuan bonds China Daily

Don’t believe the hype The Economist 

Grasso Heads the Parade in 2003's Animal Kingdom Bloomberg / Caroline Baum

G7 to discuss dollar's slide Reuters via CNN

Why the State Is Different Ludwig von Mises Institute / Llewellyn H. Rockwell, Jr.

Dollar slips as consumer confidence falls FT / Jennifer Hughes

Treasurys trim decline after reports CBS Market Watch / Rachel Koning

California's Home Boom Looks Like A Bubble Forbes / Dan Ackman

Victims Become the Heroes in Mutual Fund Scandals Bloomberg / Chet Currier

A big year overseas CNN / Justin Lahart

Our So-Called Boom reg NY Times / Paul Krugman

TX: Reliant can sell bonds to buy power plants Bloomberg via Dallas Fort Worth Star Telegram / Bradley Keoun

FedEx buys Kinko's for $2.4bn in cash FT / Mark Hendry

Russia: Kremlin Reloading After Shot At Yukos Moscow Times / Catherine Belton

Russia: China Buys Russian Oil Producer Reuters via Moscow Times

Japanese Bonds Have First Losing Year Since 1994 as Stocks Gain Bloomberg

China May End Yuan's Peg in 2004 to Slow Inflation Bloomberg

China: New rules aim to protect China's securities investors People’s Daily

U.S. Officials to Seek End to South Korean Ban on Beef Imports Bloomberg

NE: Ranchers scramble for insurance Omaha World Herald / Chris Clayton 

Concerns over trade still dog the dollar Bloomberg via International Herald Tribune



US mortgage-backed issuance hits record in 2003 Reuters via Yahoo

US army ends Halliburton oil deal BBC News

Analysis: Is the U.S. the next Haiti? UPI / Martin Hutchinson

IA: Iowa's lost jobs may never return Des Moines Register / Donnelle Eller

US SWAPS-A volatile year ends quietly, now comes 2004 Reuters via Yahoo

US external debt up to $6.494 trln at end-Sept Reuters via Yahoo

NE: Swift launches cattle tracking Omaha World Herald / Mark Kawar

Base metals look to happy new year FT / Kevin Morrison

Euro ends year at fresh lifetime high FT / Jennifer Hughes

3 Economic Measures Off Recent Hot Pace Washington Post / Jonathan Weisman

Mad Cow and the Media Washington Post / David Ropeik

Boston Goes From Strong to Weak in a Short Time reg NY Times / Susan Diesenhouse

Boom time for India's economy BBC News

Germany faces problems in meeting EU budget rules in 2005: Eichel EU Business

U.S. asset-backed bond supply hits record in 2003 Reuters

Bond prices finish flat in thin trading AP via Seattle Post Intelligencer

Mortgage Rates Inch Up AP via Newsday

MA: Mass. condo sales jump 14% in Nov. over '02 Boston Globe / Thomas Grillo

U.S. beef ban may hurt other exporters Knight Ridder and Wichita Eagle via Dallas Fort Worth Star Telegram / Kevin G. Hall;Alan Bjerga

Treasuries Post First Decline in 4 Years as Economy Strengthens Bloomberg

U.S. Dollar Ends Worst Year Against Euro as Rates Remain Low Bloomberg

Dollar extends fall to new low against euro FT / Jennifer Hughes

Israel in a price showdown with Microsoft AP via Seattle Post Intelligencer / Peter Enav

Mexican Congress passes austere budget FT / John Authers

Japan: Affluence of retirees makes them targets Japan Times / Hiroko Nakata

Parmalat's Crisis May Be Italy's Opportunity Bloomberg / Matthew Lynn

CFOs Who Focus on CEO's Pay Find It Rewarding Bloomberg / Graef Crystal 

A cheese company smell bad? Who knew? Toronto Star / Jennifer Wells 

UK house prices to continue upward trend FT / Jennifer Hughes and Matthew Jones

Mortgage demand falls to year low Reuters via CNN

Gold comes close to reaching 13 year high FT / Kevin Morrison

Outsource? Of Course National Review / Bruce Bartlett 

Rational Exuberance National Review / Larry Kudlow

Market timers upset fund scandals smear valid money strategy Seattle Times / Alwyn Scott

U.S. Initial Jobless Claims Fell to 339,000 Last Week Bloomberg

Canada: Information economy jobs are Canada's future Toronto Star / David Crane

Canada: Dollar rockets to 10-year high Globe and Mail / Dave Ebner and Marian Stinson

Brazil, Argentina Beef Exports Limited by Foot-and-Mouth Bloomberg

G7 concern as Europe takes brunt of dollar fall Guardian / Mark Milner

Australia: Debt market fund raising doubles Sydney Morning Herald

Australian Dollar Heads for Biggest Annual Gain in 20 Years Bloomberg

Australian Credit Rises at Fastest Pace in 14 Years in November Bloomberg

Nervous Europe puts G-7 focus on dollar's slide Gulf Daily News

S. Korea Central Bank Sees 3% Increase in 2004 Prices Bloomberg

Dollar Heads for Worst Year Versus Euro; Holds Near Record Low Bloomberg

If Asian Currencies Rise Now, Don't Thank Snow Bloomberg / Andy Mukherjee