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Archive for October 5th, 2005


Wednesday, October 5, 2005
Bankruptcy Filings Soar in Days Before New Law
By Dave Berns
"Two weeks before a new, more restrictive national bankruptcy law goes into effect, financially strapped Americans are rushing to file for protection from their creditors, with filings climbing to an unprecedented average of 13,000 a day last week," reports today's Washington Post. A similar story appears in today's Arizona Republic.
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Wednesday, October 5, 2005
Bush Seeks Independent Fed Chairman
By Dave Berns
"The Bush administration sees that a successful, independent Fed will keep inflation low and the economy healthy, analysts said. That, in turn, should help the administration win support for its economic proposals, such as making permanent the president's tax cuts, altering Social Security and simplifying the tax code," reports today's Washington Post.
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Wednesday, October 5, 2005
Bush: Search Has Begun Search to Replace Greenspan
By Dave Berns
"Greenspan's nonrenewable term ends Jan. 31, when he'll attend what will probably be his last meeting of the policy-making Federal Open Market Committee. Bush has the opportunity to select the 14th Fed chairman, a position that'll be responsible for guiding the country's economy," writes Bloomberg News.
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Wednesday, October 5, 2005
CNN Video: Car Sales Skid
By Dave Berns
Click here to view story posted at 7:53 a.m. today.
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Wednesday, October 5, 2005
NPR Audio: Katrina, Rita Devastate Louisiana's Sugar Growers
By Dave Berns
"Hurricanes Rita and Katrina hit Louisiana's sugar growers hard, flattening and flooding cane fields just as the harvest was to begin. The annual harvest festival was canceled last week — for the first time in memory since World War II," reports NPR.
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Wednesday, October 5, 2005
NPR Audio: Katrina, Rita Drive Demand for Hotel Rooms in Southeast
By Dave Berns
"Hurricane evacuees have created an unprecedented demand for hotel rooms in the Southeast. Many hotel owners are working around the clock to meet the many needs of guests who aren't tourists," reports NPR.
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