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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: T L Comiskey who wrote (1915)	9/17/2000 6:33:40 PM
From: T L Comiskey	Read Replies (1) \| Respond to of 65232

Parry: No reason to cut growth By CBS.MarketWatch.com Last Update: 5:26 PM ET Sep 17, 2000 cbs.marketwatch.com NewsWatch Latest headlines SAN FRANCISCO (CBS.MW) - Robert Parry, head of the Federal Reserve Bank of San Francisco, has told Barron's of his belief that the U.S. economy can continue to grow at a robust rate without setting off inflation. The newspaper reported in its September 18 edition the bank president calculates that annual growth of 5 percent over the next few years can be maintained without the economy overheating. "It's been an extraordinarily favorable period, one where the economy has performed in an outstanding way," Barron's quoted Parry as saying. While Parry said the Fed should always keep an eye on inflationary trends, he displayed no particular concern over recent harbingers, specifically sky-high oil prices. Crude oil's climb to $36 a barrel "is an event that clearly has an impact on the economy," Parry told Barron's, "but presumably, since energy prices and oil prices are volatile, there's no reason to expect that they are going to be permanently affecting the economy." He said his rosy forecast is partially based on high productivity levels although he warned it is "dangerous to assume" those will continue to accelerate indefinitely.

To: T L Comiskey who wrote (1915)	9/17/2000 8:19:19 PM
From: Clappy	Read Replies (1) \| Respond to of 65232

Hi Tim, RE: Increased Air Rage Statistics. As a former smoker, I wonder how much of these statistics coincide with smoke free flights. Especially those long flights that last more than 4 hours... During my "two packs a day" times, I remember being trapped on a grounded jetliner on a Puerto Rican runway for over 1 1/2 hours in the blazing sun. Thoughts of telling the Captain to pull back to the terminal had crossed my mind... Especially each time he would get on the microphone telling us that they were searching for the reason why that pesky indicator light kept going off... -CleanLungsClappy