Fed Correction and a Court Reversal
Well, the Greenspan Correction continues as the Fed cut interest rates another quarter point this week
and analysts are saying there is a 75% chance that another 25 basis point reduction will come in
August. If that happens, that would be seven straight cuts by the Fed in eight months.
While there was initial concern that a quarter point was not agressive enough in the light of June
employment reports due next week, many were comforted to hear that filings for jobless claims fell
again last week, now at their lowest levels since early May.
Could this be a sign that the job market has stabilized, which would be another indication of the
economy recovering? Many think so. The four-week moving average of jobless claims, a more stable
measure, also fell, leading many to think the worst is certainly over.
That and the Appeals Court reversal of the Microsoft Anti-Trust ruling really had the markets moving
on Thursday.
This Week on Emerging Company Report-Stabilizing Rice Bran and Creating a New Food Product
Hollywood, CA-Emerging Company Report is the nationally syndicated television program profiling
emerging-growth companies (http://www.emergingcompany.com), featuring informative interviews
with the CEOs, insights into their operations and outlooks for their futures.
Featured companies this week include;
Daniel McPeak, Sr. described The RiceX Company (OTC-BB: RICX) as having engaged in recent
years in extensive R&D that resulted in the development of the RiceX Process, which stabilizes rice
bran. “Rice bran actually contains 60 percent of the nutrients of rice” said McPeak, “but that, prior
to the RiceX process, those nutrients were lost as part of the milling process”.
Patty McPeak, the company’s founder and a current Director, outlined the several nutraceutical and
health benefits of rice bran and the company’s success in marketing their products worldwide.
Rory Clarke, Chairman of Universal Ice Blast, Inc. (OTC-UIBI) spoke of his company’s patented
ice-blasting technology and announced recent progress in the automotive industry.
Roger May, CEO of Advanced Communications Technologies, Inc. (OTC-BB: ADVC) appeared on
the program via satellite from Melbourne, AU and provided updated information about their
agreement with RLM Systems Pty Ltd, a joint venture owned by Lockheed Martin.
David Duval, Executive VP of Fairchild International Corporation (OTC-BB: FRCD) appeared to
announce the company has acquired a working interest in a natural gas project in Central California.
Free information packages from the featured companies can be requested by sending an email to
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Company Report does not provide an analysis of companies' financial positions and is not soliciting
to purchase or sell securities of the companies, nor are we offering a recommendation of featured
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should be verified independently with the companies and a securities analyst. Emerging Company
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