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Matters Financial |
17 February 2003
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Greenspan Rains of Bush's Tax Cut Parade
George W. Bush has followed arch-conservative theology in his economics policy, putting together a plan that will reduce taxes on the richest Americans to help stabilize a slow economy. Alan Greenspan, Chairman of the Federal Reserve, dumped buckets of cold water on the idea in his latest testimony before Congress. Despite that, Bush will prevail and back his way into a slight improvement.Click here to read more.
OPEC May Cut Gas Prices When War Comes
In the run up to the war on Iraq, higher prices for gasoline set in a couple of weeks ago. The concern among oil traders, oil companies, and the general public is that a war in the oil producing Mid-East will reduce supply increase prices. However, OPEC may actually step in to save the situation as the sabre rattling gives way to sabre thrusting. Click here to read more.
Philip Morris is Now Altria, Still Sells Smokes
Towards the end of January, Philip Morris changed its name to Altria. As the firm's web site put it, "By changing its name, Altria Group will clarify its identity as what it is: a parent company to both tobacco and food companies that manage some of the world’s most successful brands." Maybe, but the current TV ads designed to get the consumer to understand the name change is likely waste money. Click here for our view.