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To: laura_bush who wrote (13038)4/2/2004 12:33:41 PM
From: Glenn Petersen  Read Replies (1) | Respond to of 17683
 
Reuters Denies Leaking Payrolls Report

story.news.yahoo.com

WASHINGTON (Reuters) - Reuters said it did not release U.S. payrolls data before the official embargo on Friday but that a technical glitch caused the wrong time stamp to appear on data received by some clients.

"We did not break the embargo," said Stephen Naru, Reuters global head of media relations in New York.

"We released the data when we were authorized by the Labor Department (news - web sites) to do so. We are investigating the matter with Yahoo and any other organization that has issues with the time stamp," Naru said.

The Reuters story reporting a surprising gain in U.S. employment did not appear on its own screens, which are seen by clients in trading rooms around the world, until 8:30 a.m. (1330 GMT) -- in compliance with the official embargo.

An official at the Labor Department said investigations into the possible leak of the data show a Reuters article appeared to have been posted on the Internet two minutes early, but they did not believe the story was transmitted early.

"(Reuters' position) is our position too. There was nothing out of the ordinary in the lockup," spokesman Bob Zachariasiewicz told Reuters.

"We don't believe there was a leak."

A Reuters official in London familiar the technology issues behind Friday's events elaborated on the time-stamp problem.

"The story issued with an incorrect time stamp to U.S. Online Reports customers was processed by a U.K.-based server whose clock was off by about two minutes," said Jim Craddock, Technology Owner, Media.

"The server is not automatically synchronized with an official clock source -- hence the incorrect timestamp. It is not clear how often this server is manually corrected.

"There is a new system in place at the Reuters technical center in Docklands which is synchronized, but editorial text feeds have not been migrated to this system yet."



To: laura_bush who wrote (13038)4/2/2004 3:06:44 PM
From: Ron  Read Replies (1) | Respond to of 17683
 
They certainly were cheering when those numbers came out. Funny, no one bothered to mention the big chunk of jobs that came back into the totals when several large strikes ended, including the ones at Vons and Safeway. Those wouldn't really be newly created jobs, now would they?
They didn't seem to notice that the total unemployment rate for the nation went UP last month, either. Took them until nearly noon to get around to that little gem.
One final humorous note. Elaine Chao, Bush's Secretary of Employers, uh Labor, was nowhere to be found last month when the numbers weren't so hot. But they sure trotted her out like clockwork this morning.



To: laura_bush who wrote (13038)4/2/2004 3:59:56 PM
From: Gamma Positive  Read Replies (1) | Respond to of 17683
 
Will CNBC cover the 8:28 illegal release of BLS report?

Rick Santelli was talking about the "leak" just a couple minutes afterwards.