Fed halted rate hikes on economy worries
Aug. 29, 2006

Worries about short-term damage to the economy led Federal Reserve policymakers at their August meeting to halt a more than two-year-old interest rate-raising campaign. By taking a breather, the Fed would have time to assess the toll on economic activity and inflation of its 17 rate increases since 2004, according to minutes of the Fed's Aug. 8 meeting, released Tuesday. It can take time for rate increases to work their way through the economy. "The full effect of previous increases in interest rates on activity and prices probably had not yet been felt, and a pause was viewed as appropriate to limit the risks of tightening too much," the minutes said. The Fed's goal is to push up rates to thwart inflation but not so much as to cripple economic activity. It's a tricky task, economists say.

Iran plays games with nukes as Hizbollah gets ready again - Israel looking at controlling the UN forces
Kirt Waldheim
The situation is complex. Iran has taken a delaying technique. Israel plans to contain Iran and Iraq by controlling the UN peacekeeping forces led by Italians.
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45 children dead in Russian Aircraft crash - terrorists involved?
Media Release
A Russian commercial jet crashed in Ukraine on Tuesday, killing all 170 on board, the Russian Emergency Situations Ministry reported. Among the dead were 45 children, Pulkovo Airlines said.
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America opts for Initial involuntary Marine recall of 2,500, but there is no cap
Media Release
The recall was authorized last month, and will begin in spring 2007 to fill positions for upcoming rotations, Marine officials said. The Marine Corps is currently picking volunteers from the Marine Individual Ready Reserve, the officials said.
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Hillary gets ready to shine as the next President of US and guess who will be the running mate?
Peter Ostanovich
While her opposition is fixed conservative 30% far right, her supporting base is stronger than ever.
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Taliban uses Hezbollah tactics
Media Release
A senior NATO official likened the tactics of Taliban militants who hide among civilians to those of Hezbollah in Lebanon on Tuesday. U.S. and Afghan forces killed an al-Qaida suspect disguised as a woman during a raid.
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Israeli forces will complete their pullout from southern Lebanon within 10 days
Media Release
Israeli forces will complete their pullout from southern Lebanon within 10 days
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The Israel-Lebanon conflict has resulted in a strategic win for Lebanon and for the resistance : Hezbollah leader Sheikh Hassan Nasrallah
Media Release
Hezbollah will begin with the reconstruction effort to compensate those whose homes were destroyed in the conflict, he added.
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