ACROSS THE BOARD : THE WEEK AHEAD.MONDAY Treasury bill auction. Federal Deposit Insurance Corp. releases fourth-quarter bank and thrift earnings. Senate Finance trade subcommittee hearing on agriculture trade disputes with European Union European Union (EU), name given since the ratification (Nov., 1993) of the Treaty of European Union, or Maastricht Treaty, to the European Community and China. TUESDAY: Commerce Department releases housing starts for February. Federal Reserve releases industrial production for February. Fed Chairman Alan Greenspan Alan Greenspan Dr. Greenspan is Chairman of the Board of Governors of the Federal Reserve System. Dr. Greenspan also serves as Chairman of the Federal Open Market Committee (FOMC), the Fed's principal monetary policymaking body. speaks in San Francisco to Independent Bankers Association of America about ``The Farm Economy.'' WEDNESDAY: Federal Reserve releases beige book Beige Book A commonly used name for the Fed report entitled "Summary of Commentary on Current Economic Conditions by Federal Reserve District." It is published just before the FOMC meeting on interest rates and is used to inform the members on changes in the economy since the last regional economic survey. Treasury Secretary Robert Rubin testifies before House Appropriations foreign operations subcommittee. Netscape shareholders meet to vote on takeover by America Online. THURSDAY: Labor Department The Department of Labor (DOL) administers federal labor laws for the Executive Branch of the federal government. Its mission is "to foster, promote, and develop the welfare of the wage earners of the United States, to improve their working releases consumer prices for February, weekly jobless claims. BIZ BYTES NO CHICKENS ALLOWED: Journalists should shun the role of ``Chicken Little'' in reporting Year 2000 computer problems and avoid undermining Americans' confidence in the banking system, Federal Reserve Board member Edward W. Kelley Jr. said last week. Kelley said the Federal Reserve is confident that the ``overwhelming majority'' of banks are preparing themselves for Jan. 1, 2000, and that banks and savings institutions should have cash on hand to meet any surge in demand late in the year from Americans nervous about losing access to their money if computers misread mis·read tr.v. mis·read , mis·read·ing, mis·reads 1. To read inaccurately. 2. To misinterpret or misunderstand: misread our friendly concern as prying. the year ``00'' as 1900 rather than 2000. As journalists report the story over the next 10 months, ``no one should be `Pollyanna' about Y2K See Y2K problem and Y2K compliant. Y2K - Year 2000 , but based on the huge amount of work being done to prepare, it is just not responsible to be a `Chicken Little' either,'' he said. ``We do not expect the sky to fall.'' - Associated Press |
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