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Looking ahead
Whew. It's Friday: • Before U.S. markets open, President Bush will say a few words about the economy to the U.S. Chamber of Commerce. • More economic grist for Wall Street's mill: September housing starts and building permits, plus the initial read on consumer sentiment this month. • Health an. […]
NASA revives Hubble backup computer
NASA engineers bypassed a balky computer on the Hubble Space Telescope and revived an 18-year-old spare module powered by a relatively antique Intel 486 processor. The Hubble is in the final stages of recovery after the overnight operation. The computer collects and processes data from science instr. […]
Pentagon cancels new Army recon helicopter, buys new body armor
The Pentagon has canceled the Army's $6 billion reconnaissance helicopter program, which was grossly over-budget and behind schedule. Instead of the Armed Reconnaissance Helicopter, the Army will buy replacements for the existing Kiowa aircraft. Both are built by Bell Helicopter. The initial price t. […]
Banks borrow record amounts from Fed
Further hard proof of the credit situation: Commercial banks borrowed a record daily average of $99.7 billion from the Federal Reserve during the past week. That 25% more than the previous week's record $75 billion. Just yesterday alone banks asked for $101.9 billion — another record-breaker. Inve. […]
6.5 quake hits off southern Mexico
A magnitude 6.5 earthquake has struck southern Mexico near the Guatemalan border. The U.S. Geological Survey says the quake, in the Pacific off Chiapas state, was about 22 miles deep. It was felt in Guatemala City, 125 miles south, where residents ran from homes and buildings. No reports of damage o. […]