Economic indicators.
Market Rates and Bond Yields--% Dec. June Dec. June 2002 2002 2001 2001 Reserve Bank Discount 2.25 1.25 1.33 3.47 Prime Rate (monthly average) 4.25 4.75 4.84 6.98 Federal Funds Rate 1.24 1.75 1.82 3.97 3-Month Treasury Bills 1.19 1.70 1.69 3.49 6-Month Treasury Bills 1.24 1.79 1.78 3.45...

Confessions of a hedge fund analyst: Sheelah Moore bails out of a world where luck is more important than brains. (Casino Capitalism).
A YEAR-AND-A-HALF ago there was an opportunity to make money on the shares of a troubled energy company. Enron was being taken over by Dynegy and the bonds were trading cheap. I thought it sounded crazy -- Enron was clearly bankrupt -- but the hedge fund's two other analysts,...

TURKEY - March 20 - $2.1 Bn T-Bill Raised.
Ankara raises 2,189,300 bn lira ($2.1 bn) in a domestic treasury bill auction. It has received bids worth the equivalent of $7.5 bn for an offer of 98-day treasury bills, sold at a single price with a single annual yield of 124.99%. In Rome, finance ministers of the Group...

NEWS IN BRIEF; P/$ rate closes at P56.355.
The peso closed lower at P56.355 to the US dollar yesterday at the Philippine Dealing System of the Bankers Association of the Philippines from P56.25 the previous day. The weighted average rate depreciated to P56.355 from P56.093. Total volume amounted to $232.5 million. Govt to issue P140...

Den of Thieves.
Sure, Milken and Boesky got busted. But that's not why Wall Street went bust. ne day some smart person will refute the conventional wisdom that the hippies of the sixties and the yuppies of the eighties were polar opposites. It is true that in a short 20 years the...

Gekko.
IF YOU buy the idea of a soft landing and the rational management of the business cycle by the White House economic staff, then the long bond should be heading below 5 percent and gold tottering and about to fall to $300 an ounce or less. But if, like me,...

LEBANON LOOKS TO NEW BEGINNINGS.
Millions of Lebanese expatriates in Europe, North America, Africa and the Gulf will be hoping that the good fortunes enjoyed last year by the country's banking sector will continue. Unlike the Lebanese who stayed, the Lebanese living abroad have been both able, and willing, to invest substantial...

The structure and growth of the credit union industry in the United States: meeting challenges in the market.
I Introduction THE DEREGULATION of the financial services industry in the United States, which began to be implemented in 1977, is now more than fifteen years old. Depository, investment, insurance, brokerage and credit type financial intermediaries have evolved into what is called the financial services industry. A complex...

Corporate disability.
Last month's column was about the real possibility of us--exceptional parents--becoming disabled and how we can plan for and deal with that very possibility. Many people have no disability coverage at all. This column is about how to maximize disability benefits from corporate and group programs. If...

News In Brief.
Peso depreciates to P49.59 The peso depreciated against the U.S. dollar to P49.59, the weighted average rate pegged at the Philippine Dealing System of the Bankers Association of the Philippines yesterday from, P49.393 the previous. The local currency closed at P49.63. The total volume amounted to $174.4...