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Matters Financial |
2 February 2004
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Fed Watchers Panic and Sell
The Fed held interest rates at their lowest levels for decades, and the market decided to sell off. The pretext was a change in the language the Fed used in describing its future plans for interest rates. Rather than keep them low for a "considerable period" as it has promised in recent Open Market Committee statements, the Fed last week said it would be "patient" in raising interest rates. It is too early to say this is a change in policy. Click here to read more.
CBS Turns Down Anti-Bush, Anti-Meat Ads for Super Bowl
CBS gets to air the Super Bowl this year, and it is commanding ad rates that are plain ridiculous -- $2.3 million a pop. However, there are two entities that can't buy any air time no matter how much money they wave at the network: Moveon.Org and PETA. The decision to refuse these ads during Super Bowl XXXVIII is poor politics, but it could also be bad business. Click here to read more.
Bird-Flu Beaten Kentucky Fried Chicken Serves Fish in Indochina
Business leaders are rarely faced with a crisis like the bird flu that has hit South East Asia. While the governments there over-react, fast food chain Kentucky Fried Chicken has taken the hit and found a way to stay afloat. Out with the chicken, in with fish, and back to business. Click here for our view.