THE NEWS HACK'S CREED:
I know more than you.
I make lots more money than you.
I'm smarter than you.
I'm sexier than you.
I appear on TV all the time.
I work ten minutes a day.
I rule the universe.
I'm going to live forever.
You are an idiot.
THE NEWS HACK'S CREED, No. 2:
A lie isn't a lie when it tells THE TRUTH.
THE NEWS HACK'S CREED, No. 3:
I've come to realize that the looseness of the journalistic life, the seeming laxity of the newsroom, is an illusion. Yes, there's informality and there's humor, but beneath the surface lies something deadly serious. It is a code. Sometimes the code is not even written down, but it is deeply believed in. And, when violated, it is enforced with tribal ferocity.
--JOHN "OMERTA" CARROLL.
THE NEWS HACK'S CREED, No. 4:
News isn't news when we don't report it.
PERMALINKS:
THE NEWS HACKS' DICTIONARY
THE EUGENE DAVID GLOSSARY
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CHRONOLOGY-Fed funds rate changes since 1990
By Reuters | June 29, 2006
NEW YORK (Reuters) - The Federal Reserve raised the benchmark federal funds rate to 5.25 percent from 5.00 percent on Thursday, the central bank's 17th consecutive interest-rate hike since it began tightening monetary policy in June 2004.
The following is a chronology of the Federal Reserve's changes in the federal funds rate since 1990.
Moves are measured in basis points (bps), each of which equals one-hundredth of a percentage point: 2006 June 29 Raised 25 bps to 5.25 pct May 10 Raised 25 bps to 5.00 pct March 28 Raised 25 bps to 4.75 pct Jan 31 Raised 25 bps to 4.50 pct 2005 Dec 13 Raised 25 bps to 4.25 pct Nov 1 Raised 25 bps to 4.00 pct Sept 20 Raised 25 bps to 3.75 pct Aug 9 Raised 25 bps to 3.50 pct June 30 Raised 25 bps to 3.25 pct May 3 Raised 25 bps to 3.00 pct March 22 Raised 25 bps to 2.75 pct Feb 2 Raised 25 bps to 2.50 pct 2004 Dec 14 Raised 25 bps to 2.25 pct Nov 10 Raised 25 bps to 2.00 pct Sept 21 Raised 25 bps to 1.75 pct Aug 10 Raised 25 bps to 1.50 pct June 30 Raised 25 bps to 1.25 pct 2003 June 25 Cut 25 bps to 1.00 pct 2002 Nov 6 Cut 50 bps to 1.25 pct 2001 Dec 12 Cut 25 bps to 1.75 pct Nov 6 Cut 50 bps to 2.00 pct Oct 2 Cut 50 bps to 2.50 pct Sept 17 Cut 50 bps to 3.00 pct Aug 21 Cut 25 bps to 3.50 pct June 27 Cut 25 bps to 3.75 pct May 15 Cut 50 bps to 4.00 pct April 18 Cut 50 bps to 4.50 pct March 20 Cut 50 bps to 5.00 pct Jan 31 Cut 50 bps to 5.50 pct Jan 3 Cut 50 bps to 6.00 pct 2000 May 16 Raised 50 bps to 6.50 pct March 21 Raised 25 bps to 6.00 pct Feb 2 Raised 25 bps to 5.75 pct 1999 Nov 16 Raised 25 bps to 5.50 pct Aug 24 Raised 25 bps to 5.25 pct June 30 Raised 25 bps to 5.00 pct 1998 Nov 17 Cut 25 bps to 4.75 pct Oct 15 Cut 25 bps to 5.00 pct Sept 29 Cut 25 bps to 5.25 pct 1997 March 25 Raised 25 bps to 5.50 pct 1996 Jan 31 Cut 25 bps to 5.25 pct 1995 Dec 19 Cut 25 bps to 5.50 pct July 6 Cut 25 bps to 5.75 pct Feb 1 Raised 50 bps to 6.00 pct 1994 Nov 15 Raised 75 bps to 5.50 pct Aug 16 Raised 50 bps to 4.75 pct May 17 Raised 50 bps to 4.25 pct April 18 Raised 25 bps to 3.75 pct March 22 Raised 25 bps to 3.50 pct Feb 4 Raised 25 bps to 3.25 pct 1993 No rate changes 1992 Sept 4 Cut 25 bps to 3.00 pct July 2 Cut 50 bps to 3.25 pct April 9 Cut 25 bps to 3.75 pct 1991 Dec 20 Cut 50 bps to 4.00 pct Dec 6 Cut 25 bps to 4.50 pct Nov 6 Cut 25 bps to 4.75 pct Oct 31 Cut 25 bps to 5.00 pct Sept 13 Cut 25 bps to 5.25 pct Aug 6 Cut 25 bps to 5.50 pct April 30 Cut 25 bps to 5.75 pct March 8 Cut 25 bps to 6.00 pct Feb 1 Cut 50 bps to 6.25 pct Jan 9 Cut 25 bps to 6.75 pct 1990 Dec 18 Cut 25 bps to 7.00 pct Dec 7 Cut 25 bps to 7.25 pct Nov 13 Cut 25 bps to 7.50 pct Oct 29 Cut 25 bps to 7.75 pct July 13 Cut 25 bps to 8.00 pct REUTERS
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Gee thanks again for those swell stats!