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To: JohnM who wrote (3774)7/25/2003 2:55:58 PM
From: LindyBill  Respond to of 793936
 
NY DAILY NEWS

Awaiting Siegal report

The New York Times may someday have to add two names to its masthead - not including the managing editor whom new executive editor Bill Keller has yet to choose.

A report due from a committee that's investigated the Jayson Blair reporting scandal and reviewed newsroom operations is expected to recommend the appointment of a career development editor and an ombudsman.

Sources said the ombudsman - typically a watchdog who also acts on readers' concerns - would have the recommended title of "public editor."

Though The Times has long resisted having an ombudsman, critics have argued that one would have been well positioned to find out how Blair went from error-prone reporter to serial fabricator.

Interest in having an editor oversee career development appears designed to get a better grip on how staffers advance in the ranks, plus how they are cultivated and evaluated.

The report of the committee, headed by assistant managing editor Allan Siegal, will be out next week.



To: JohnM who wrote (3774)7/25/2003 3:32:07 PM
From: LindyBill  Respond to of 793936
 
DARK DAY FOR KRUGMAN: His hopes for recession seem to be receding.

2 Key Economic Barometers Post Large Gains in June
NEW YORK TIMES

Filed at 3:06 p.m. ET

WASHINGTON (AP) -- The economy is showing fresh signs of snapping out of its funk: Orders to factories for big-ticket goods registered the biggest increase since the beginning of the year and new-home sales climbed to the highest level on record.

The latest batch of economic news Friday reinforced hopes that a much anticipated revival will take hold in the second half of this year.

``It really is beginning to look as if the train has finally left the station,'' said Joel Naroff, president of Naroff Economic Advisors. ``The news was very good and adds to the belief the economy is on the mend.''

Especially heartening to Naroff and other economists was a Commerce Department report showing orders placed to U.S. factories for ``durable'' goods -- costly manufactured products expected to last at least three years-- went up by a solid 2.1 percent in June from May.

The increase -- nearly double what economists were forecasting and the biggest since January -- suggested that the battered manufacturing sector is finally turning a corner. The advance came after America's manufacturers saw demand for their products fall by 2.4 percent in April and stay flat in May.

In more welcome news, sales of new, single-family homes rose 4.7 percent in June from the month before to a seasonally adjusted annual rate of 1.16 million units, the best month for sales on record, the department said in a second report. That comes on top of a 10.9 percent jump in new-home sales from April to May.

The National Association of Realtors, in a separate report, said sales of previously owned homes dipped by 0.3 percent in June from the previous month to a seasonally adjusted annual rate of 5.83 million units. Even with the decline, though, June's sales matched the fourth best month on record.

Low mortgage rates have kept the housing market healthy. Rates on 30-year mortgages hit a record monthly low of 5.23 percent in June, down from 5.48 percent in May. Although a recent rise in mortgage rates may slow home sales in coming months, economists said they still expected sales of both previously owned and new homes to set new records this year.

``Some people jump in when they worry that rates will go higher,'' said Michael Carliner, economist at the National Association of Home Builders.

While the housing market has been a main prop for the economy, manufacturing, hardest hit by the 2001 recession, has been a major drag.

Factories have cut production and workers amid lackluster demand at home and overseas, where countries are struggling with a global economic slump. At the same time, manufacturers have to compete against a flood of imported goods flowing into the United States.

However, the durable goods report along with other economic data on factory activity suggest that the industry may be seeing better days head. That's good news for manufacturers as well as the national economy's efforts to get back to full throttle.

``The sun is breaking through at last,'' said Jerry Jasinowski, president of the National Association of Manufacturers. Friday's report ``adds to the mounting evidence that the manufacturing recovery, which stalled last August, is on the rebound,'' he said.

The gains reported for June were broad-based, with orders for commercial aircraft, automobiles, machinery, computers, electrical equipment and home appliances all going up. There were a few soft spots: orders for communications equipment and fabricated metal products went down.

In a bid to energize the economy, the Federal Reserve on June 25 cut a key interest rate by quarter-point to 1 percent, a 45-year low. Economists believe the Fed is likely to hold rates steady at its next meeting on Aug. 12.

Fed Chairman Alan Greenspan and private economists are hopeful the economy, which has been poking along, will pick up speed in the second half of this year as near rock-bottom short-term interest rates and President Bush's fresh round of tax cuts take hold.

Policy-makers are banking on the notion that the combination of extra cash from tax cuts and lower borrowing costs will motivate consumers and businesses to spend and invest more, which would boost economic growth.

``An extraordinary nexus of expansionary policies ... is gaining traction towards spurring new business growth, causing companies to take out their checkbooks to gear up for and take advantage of it,'' said Ken Mayland, president of ClearView Economics.
nytimes.com



To: JohnM who wrote (3774)7/25/2003 8:28:55 PM
From: LindyBill  Respond to of 793936
 
BBC World News - now with all content guaranteed sexed down
By Mark Steyn
(Filed: 26/07/2003)

Good evening. Reports that the former Italian leader Benito Mussolini is "dead" and "hanging" "upside down" at a petrol station were received with scepticism in Rome today. Our "reporter" - whoops, scrub the inverted commas round "reporter", the scare-quotes key on the typewriter's jammed again. Anyway our reporter Andrew "Gilligan" is "on" the scene "in" Milan. Andrew...

Andrew Gilligan: I'm leaning on a lamp post at the corner of the street in case a certain little duce swings by, and I don't see any dead dictators, John. But then the Allies have a history of making these premature announcements...

He's just above your head, Andrew. I know you don't like to do wide shots, but, if the camera pulls back, I think you'll find that's definitely a finger tickling the back of your ear...

AG: Well, there you are. He's not hanging from a petrol station, is he? He's hanging from a rope attached to a girder on the forecourt of a petrol station. We've become all too familiar with the Allies playing fast and loose with the facts.

Yes, indeed, Andrew. And contradictory reports that he was hanging from a lamp-post have led some observers to question the accuracy of the intelligence on which the "liberation" of Milan went ahead.

AG: That's very true, John. Senior figures in Downing Street are said to have demanded the whole story be "sexed up" by inserting a glamorous mistress, preferably knickerless. Hang on, I've been plunged into total darkness. Must be another power failure caused by inept Allied administration.

I think that's a skirt that's just fallen over your head. And what about those crowds behind you dancing the tarantella, singing "Funiculi, Funicula", and so forth?

AG: Well, John, it's yet another protest at the deteriorating security situation. As you can see, people are very worked up. Many haven't been paid in days. My own translator says it's over a week since his last cheque from the National Fascist Party Propaganda Office.

Thank you, Andrew. Joining us now is Harold Pinter. What do you think when you see these bodies hanging outside a petrol station?

Harold Pinter: No blood for oil, chum. Isn't that what they told us? Ha-bloody-ha.

Yet more spin, Robert Fisk? Or is that really him on that girder?

Robert Fisk: I doubt it. Gerda is more of a German name, and I can't see him with a German mistress. And if he had one, he wouldn't take her to a petrol station. A railway station, maybe. The Mussolini I know - the Mussolini who says, "Mister Robert, if only more Englishmen could make linguini as good as yours" - has a full head of hair, like Harpo Marx. But, if he is dead, then following the disastrous setback of D-Day, this is just more bad news for the Allies.

Thanks, Robert. Meanwhile, international aid organisations continue to express concern about Italy's worsening humanitarian catastrophe. Joining us now are Jonathan Steele of the Guardian and Will Day of CARE International. Mr Day, you recently wrote in The Daily Telegraph that Italy is "on its knees"...

Will Day: Absolutely. The Allies have been in Milan several hours, and there's still a total lack of basic services. I was just in the Piazzale Loreto and I was staggered by the chaotic queues outside the petrol station there.

Jonathan Steele: That's right, Will. Many are upset at the damage that's being done to Milan's infrastructure by random dangling. Does the coalition seriously expect us to believe it can invade an entire continent but it's powerless to prevent an outbreak of girder dangling?

Thank you, gentlemen. Meanwhile, the turbulent region's only independent TV network, al-Dente, reported that most Italians refuse to believe that the former duce is really dead. Joining me now are French intellectual theorist Michel Foucault and the leading Italian fundamentalist cleric, Pastor Al Forno, a vocal critic of the Allied administration.

Pastor Al Forno: This is yet more Hollywood-style trickery from the Americans. In the bars of Rome they are certain that this is a doctored still from Esther Williams's aquatic ballet in Million-Dollar Mermaid, with Esther and the girls diving off the boards retouched to look like hanging fascists. If you look closely, you can see the outlines of the swimsuits under the blackshirts. And the cheering Italian peasants in the background are Victor Mature and Walter Pidgeon. This propaganda is so crude it's laughable.

But it's 1945 and Million-Dollar Mermaid won't be made till 1952. Isn't that the case, Professor Foucault?

Michel Foucault: Ah, mon cher BBC ami, the very concept of time is a social construct intended to produce effects of reality within a false chronological discourse. For all we know, Mademoiselle Williams's movie may already be in development at MGM.

Thank you, M le Professeur. As the situation in post-war Europe deteriorates, a new poll shows that 20 per cent of Germans believe the British were behind the invasion of Poland.