Thursday, May 29, 2008

Inflation concerns rise as Dow Chemical signals 20% boost

Date: Thu, 29 May 2008 05:46:33 -0500

NEWS

Moving day looms at FEMA trailer parks
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The Federal Emergency Management Agency wants to close its last six
trailer parks by Sunday, the first day of hurricane season.

Ex-Bush aide's criticisms stun a team built on loyalty
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Former press secretary Scott McClellan levels the harshest criticism to
date from a Bush insider in his memoir, What Happened: Inside the Bush
White House and Washington's Culture of Deception. He claims the
administration manipulated facts to "sell" the Iraq war. On Wednesday,
McClellan's sharp critique drew the wrath of administration officials,
past and present.

Investigators seek to wind up Olmert case quickly
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Investigators are speeding up their corruption probe of Prime Minister
Ehud Olmert in an effort to wind up a case that has upended the
country's politics, a Justice Ministry spokesman said Thursday.

MONEY

Yahoo CEO says company is not 'under siege'
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Yahoo CEO Jerry Yang rejected the image of his company as "under siege"
Wednesday, telling conference goers that executives are rallying to
streamline Yahoo's offerings and make it more relevant to consumers and
to advertisers.

Resignation of Mishkin leaves Fed board ranks thin
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Federal Reserve Gov. Frederic Mishkin said Wednesday that he would
resign from the central bank at the end of August to return to his
Columbia University teaching post.

Inflation concerns rise as Dow Chemical signals 20% boost
---------------------------------------------
Dow Chemical's announcement Wednesday that it would raise prices as much
as 20% is just the most recent of a flurry of price hikes by major
companies, affecting everything from tissues to coffee to paint.

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