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To: nextrade! who wrote (126721)10/2/2001 6:39:31 AM
From: sun-tzu  Respond to of 436258
 
<MGM Mirage — 6,000 jobs: Casino operator MGM Mirage said it had cut about 6,000 jobs since the Sept. 11 attacks as slumping air travel eroded business at its properties. Las Vegas-based MGM Mirage earlier said that it expects its third-quarter earnings to be substantially below Wall Street consensus estimates, blaming disruptions from the attacks on the World Trade Center and the Pentagon building. (Oct. 1, 01)>

Gaming, cruise lines, resorts, airlines now in the toilet. Services sector is closing gap on manufacturing sector. Not enough fingers to plug the holes. Worst case scenario rules still apply.

Now our pal AL Green will do his part to jump start the economy into the septic tank.

(~)^(~)



To: nextrade! who wrote (126721)11/6/2001 8:21:43 AM
From: nextrade!  Read Replies (1) | Respond to of 436258
 
11/06 08:03
Treasury Legal Counsel Refers Bond Probe to SEC (Update1)
By Simon Kennedy

quote.bloomberg.com

Washington, Nov. 6 (Bloomberg) -- U.S. Treasury General Counsel David Aufhauser is formally requesting the Securities and Exchange Commission investigate suspicious trading in the 30-year bond last week.

Aufhauser's office has been looking into a jump in the price of the 30-year bond Wednesday morning, shortly before the Treasury announced it would no longer issue the security.

``We're referred the matter to the SEC,'' he said in an interview, adding that he would continue his own inquiries.

The SEC has the authority to determine whether insider- trading laws have been violated.

An investment consultant, Pete Davis, who attended a press briefing on the pending announcement, has admitted telling clients about the Treasury decision before the news was released.

In addition, the Treasury press office posted the decision on its Web site 10 minutes before the news was to be officially released at 10 a.m., Washington time.

Aufhauser said his investigation was not just focused on Davis' involvement. The Treasury Internet leak is also ``material'' to the case, he said.

Jeffrey Rush, the Treasury's inspector general who joined the probe yesterday, declined to comment on whether any Treasury employee is a focus of the inquiry. ``I don't want to describe the scope of something while it's pending,'' he said.