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To: tsigprofit who wrote (17941)	2/5/2004 1:20:12 PM
From: Bucky Katt	Respond to of 48461

Bank raises UK interest rates to 4% UK interest rates have been increased to 4% from 3.75% following the latest Bank of England meeting. The move had been widely expected after recent economic data had shown the economy growing strongly. The housing market is showing few signs of cooling, consumer spending in the High Street has remained strong and manufacturing has begun to recover. Experts believe further interest rate rises will be needed later in the year to keep the economy from overheating. The move will mean higher mortgage payments for homeowners. Lending increase If lenders pass on the full increase, monthly repayments on an average £65,000 mortgage will increase to £418.79 from £408.91, based on a new rate of 6.00% From the BBC this morn.. __________________________________ According to the Detroit Free Press, area home owners could see their electricity rates jump by a shocking 30% by 2006 unless they change the rules. That’s according to DTE Energy’s bossman who warns that deregulation is taking a big bite out of their financials. Evidently, Detroit Edison utility unit posted a 31% drop in earnings last year, primarily due to customer switching. Speaking of changing the rules, New York has figured out a way to collect sales taxes on stuff sold over the internet – they are simply demanding the money. According to Newsday, when New Yorkers complete their state income form for 2003, Line 56 calls for New Yorkers to pencil in the amount of sales tax they owe from all online, catalog or out-of-state purchases that went untaxed by New York. No word on where that number is supposed to come from, at least no hint reported in that family publication. State officials claim that Line 56 is not a new tax because New Yorkers were always supposed to pay sales tax on out-of-state purchases. Somehow the $1.50 flowing into the coffers each year didn’t alert them attention that the tax was not being taken seriously. From Prudent bear....