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To: Tunica Albuginea who wrote (11)	5/2/2000 3:23:00 PM
From: Tunica Albuginea	Respond to of 35

There is an error in previous post: Merrill 1 year target is 33.5 and not 44 as I previously posted. Nonetheless, that gives a 50 % 1 year return. That will certainly beat the S$P and Fidelity Magellan's 1 year prospective returns !! <VBG>, TA

To: Tunica Albuginea who wrote (11)	5/3/2000 4:36:00 PM
From: Tunica Albuginea	Read Replies (1) \| Respond to of 35

MSNBC; The Fed, today:" Improved Health insurance ". Just what we where talking about. msnbc.com Fed says wages up, prices steady Central bank sees strong to moderate economic growth REUTERS WASHINGTON, May 3 ? An acute shortage of workers pushed up wages all over the United States in March and April but retail prices remained generally well behaved, the Federal Reserve said Wednesday. IN ITS LATEST Beige Book summary of the economy, the Fed reported moderate to strong economic growth across the country, restrained to some degree by a severe scarcity of workers. ?Employment costs remained under pressure and appeared to intensify in the last two months,? the report said. Employers were forced to offer signing bonuses and other benefits like child-care and improved health insurance to try to attract employees, the report said. Prices for imported oil and other raw materials were rising, but were not generally being passed on to consumers. ?There were only a few reports that increases in input costs were resulting in higher prices at the retail level,? the summary of conditions in all 12 Fed districts said. Fed policymakers will use the report when they meet to set interest rate strategy on May 16, when they are widely expected to announce their sixth interest rate increase since last June. After the report was released, the 30-year U.S. Treasury bond extended the day?s losses to more than a full point on lingering interest rate concerns and its yield, which moves in the opposite direction, climbed to 6.10 percent. San Francisco Reports from contacts indicated continued strong performance by the Twelfth District economy in recent weeks. Labor markets were tight in most areas, and respondents reported increased upward pressure on wages and total compensation. High oil prices led to increases in petroleum-based goods prices, as well as higher costs in the transportation and agriculture sectors. In addition, some contacts noted increases in the price of natural gas at the wellhead and in the prices of paper-based goods. Otherwise, materials costs and final product prices remained fairly stable. District manufacturers, retail trade contacts, and service providers reported strong demand and no capacity constraints or material shortages. Activity in real estate and construction markets remained vigorous, but growth slowed a bit in some areas during the most recent survey period. Financial institutions reported strong loan demand and good credit quality. The report said construction at commercial projects was robust, but there was some softening in home building as well as in applications for home mortgages. Advertisement Quick Gifts Swimwear Books Music & Video Computing Electronics Toys & Games More . . . On a similar note, manufacturing activity remained generally strong, although several regional Fed banks said activity was mixed and the Richmond Fed reported some easing. The Fed report said that recent swings in share prices had not significantly affected economic activity yet, but said that some of the survey respondents said it might do so in the future.