US: OECD CALL TO RAISE INTEREST RATES

Article Abstract:

US interest rates should be raised over the coming few months by 1% at least in order to prevent the adverse impact of an inflationary surge, warned the Organisation for Economic Co-operation & Development (OECD) on 11 May 2000. Rates should be boosted by end-summer 2000 to 7% to reduce GDP growth from the 4.5% envisaged for 2000 to less than 3% the following year, the global economic body believes. The OECD's Ignazio Visco says that the rate of US economic growth had exceeded expectations, amid indications that the current projection for 2000 of 4.5% could be upgraded over the coming two weeks.

Interest rates

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US: COBHAM GAINS BOEING CONTRACT

Article Abstract:

Cobham has obtained a contract involving the production of duct and tube assemblies for Boeing's C-17 Globemaster III aircraft. The order for the Boeing cargo aircraft is worth US$ 100mn to the high-tech aerospace engineering business, which also revealed the GB[pound] 2.7mn sale to Wardle Storeys of its ML Lifeguard Equipment arm.

Aircraft Parts, Other Aircraft Parts and Auxiliary Equipment Manufacturing, New orders received, Aircraft parts and equipment, not elsewhere classified, Contracts, Boeing Co., BA, Aircraft equipment and supplies industry, Aircraft parts industry, Cobham

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Being there

Article Abstract:

The terrorist attacks in the US have created a climate of anxiety that cannot be dispelled by the traditional Thanksgiving celebrations. It is clear that nobody will forget the terror that has been planted within US society.

Social aspects, Influence, Holidays, Terrorism, Thanksgiving Day

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