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To: goldsnow who wrote (38822)8/11/1999 5:20:00 PM
From: Rarebird  Read Replies (2) | Respond to of 116764
 
Mr. Bubble Leaving too?

WASHINGTON, Aug 11 (Reuters) - The Federal Reserve on Wednesday declined to
comment on rumors circulating through financial markets that Fed Chairman Alan Greenspan
was preparing to step down.

''Our practice is not to comment on market rumors,'' a Fed spokesman said.

Vague rumors made their way through stock and bond markets earlier that Greenspan might
step down sometime after the next Fed meeting on Aug. 24 but some traders played down the talk, attributing it to market
jitters.



To: goldsnow who wrote (38822)8/11/1999 5:40:00 PM
From: Rarebird  Read Replies (4) | Respond to of 116764
 
The Fed's Beige Book says there is no inflation in terms of rising consumer prices. The Fed must think that almost everyone is stupid or perhaps they don't even know their lying. What planet does the Fed live on?



To: goldsnow who wrote (38822)8/11/1999 6:39:00 PM
From: Bobby Yellin  Read Replies (1) | Respond to of 116764
 
right
I don't agree with him..shows how stupid I am :-)



To: goldsnow who wrote (38822)8/12/1999 12:10:00 PM
From: long-gone  Read Replies (2) | Respond to of 116764
 
Less supply of gold?
Thursday August 12, 7:26 am Eastern Time
Mine closure threatens Papua economy rescue plans
By James Regan
SYDNEY, Aug 12 (Reuters) - One of the first acts of Papua New Guinea's reformist government, installed a month ago to fix an economy teetering on bankruptcy, may be to oversee the dismantling of one of the nation's biggest export earners.
A damning environmental report on the Ok Tedi copper and gold mine in the Pacific nation's rugged Star Mountains has raised the possibility that the mine, accounting for 10 percent of PNG's annual gross domestic product, will have to shut down.
Closing of Ok Tedi would devastate the local economy of PNG's remote Western Province, where efforts to diversify into agriculture had made little economic impact, and jeopardise the new government's national economic rescue plans.
The mine's operator and majority shareholder, The Broken Hill Pty Co Ltd of Australia, has assured the government it will hold talks before making any decision on the mine's future.(cont)
biz.yahoo.com