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 Preshow Return to index of stories... |
Next on New Hampshire Outlook. The rollercoaster ride of the stock market, investor confidence and alan greenspan. it's a good time to brush up on financial literacy. and making money the old fashion way. with the first cut of haying season. |
| Hello Return to index of stories... |
Hello. I'm Allison McNair. Welcome to NH Outlook. |
| Intro Greenspan Return to index of stories... |
Another down day on Wall Street Tuesday. The Dow was off 166 points. That's the 7th straight day sell-off. The first of its kind since 1984. If you're feeling shakey about this week's rollercoaster ride, you might take some comfort in Alan Greenspan's outlook for the U-S Economy. |
| Greenspan Return to index of stories... |
track The federal reserve chairman told the Senate Banking Committee he expects the economy to grow between 3-point 5 and 3 and three quarters percent this year. Greenspan said he expects continued growth despite setbacks since September 11th. -- SOT 111B The US economy has confronted very significant challenges over the past year or so. Those problems, however, led to only a relatively brief and mild downturn in economic activity reflecting the underlying strength and increased resiliency that the economy has achieved in recent years. The effects of the recent difficulties will linger for a bit longer, but as they wear off, the absent significant further adverse shocks, the US economy is poised to resume a pattern of sustainable growth. -- track In the wake of the barage of corporate scandals, Greenspan blamed the "infectious greed of the 1990's." And he called for a major overhaul in corporate structure. -- SOT 111D-- GREENSPAN/CHANGE BEHAVIOR TRT: 29 Although we may not be able to change the character of corporate officers, we can change behavior through incentives and penalties. That in my judgment could dramatically improve the state of corporate governance. Our most recent experiences clearly indicate, however, that adjustments to the original structure of corporate governance and accounting, beyond addressing the role of the CEO, are needed. -- |
| Intro Stock Market Return to index of stories... |
Joining me to talk about the market and Alan Greenspan's remarks is AG Edwards and Sons Tom Sedoric. |
| Stock Market Disc. Return to index of stories... |
Tom, we've had you come in before to help us make sense out of the market. Greenspan says our economy will grow 3 and 1/2 to 3 and 3/4 percent. How can that be if the market continues to go down. Historically the market and economy move in the same direction. If Greenspan is right, and the market continues to fall, it would be an historic disconnect between the market and the economy. ======================== Put this in perspective - some are drawing comparisons to 1920s leading up to the depression. Some say capitalists are destroying capitalism There appears to be a perception that President Bush has lost control of the economy The President's remarks haven't been enough to bolster confidence. Why? Could it be questions surrounding his own business dealings as well as Vice President Cheney? ======================== The House has approved new criminal penalties for corporate fraud. The vote was 391-to-28. Republican leaders say their measure is even tougher than Senate-approved bill. Are the efforts to enact stiffer regulations on corporate accountability just cosmetic? Congress is calling for criminal penalties for CEO fraud. But the lines are blurry - what responsibility do board of directors have? Who would want to serve on a board if criminally liable? Board of directors - generally get there via those who head the company Should that change Are shareholders ill equipped to be vigilant over companies. Who is responsible? Shareholders feeling disenfranchised - stock holders have been burned yet these CEOs - their assets seem untouchable What about power of state pension funds and mutual funds that have 5 to 10% of shares can they make the difference - do they have clout will this be a new constituency? Money managers have clout but because they've been burned some are saying they'll stay with the index so it will absolve them of any responsibility. It is safer. ================================= We keep hearing about people either in retirement, or just a few years away, suddenly finding their nest egg gone. What now? Are these people going to have to work longer than they thought they would? What if someone has stock - feels the urge to get out now. |
| Intro Jumpstart Return to index of stories... |
Since we're talking about money, we thought it would be a good time to bring back a story on Financial Literacy. How much do you really know about handling your own money? What about the young people in your life? Consumer groups estimate teenagers spend about 153 billion dollars a year. According to an organization called the JumpStart Coalition, they could be managing their money better. |
| Jumpstart Return to index of stories... |
narration sound "We are made up of volunteers." narration Their mission, in part, is to help high school teachers prepare students for a world of credit cards and IRA's. suzann clip "4 out of 5 students do not receive the financial education." narration Suzann Enzian Knight is a member of JumpStart and a UNH Cooperative Extension specialist. She provides educators like Carlo Nitolli with programs that help students become more aware of their personal financial matters. clip-Carlo "We start off the program with values.the time value of money." clip -Suzann "That's the beauty of the High School Personal Financial Program, it.they end by writing their personal financial plan." sound of Pond narration Jonathan Pond is a financial advisor and author. He recently spoke to a group of teachers at a NH JumpStart convention. clip Pond "It can be an uphill battle to get kids interested in money matters, but it's so important.importance of it." sound Hazel "She writes cheques now." narration Hazel Molin works at NH Public Television and is a parent whose ten year old daughter came to her asking to open a chequing account. clip Hazel "What I did is I went to an educational store and bought this cheque book.it has taught her about writing cheques, saving money and keeping a balance of where her money went to." clip Pond "I've always said that if we teach our children about money matters then they won't need to move back home when we're retired." |
| Tag Jumpstart Return to index of stories... |
For more information on New Hampshire Jumpstart you can visit their website at jumpstart - dot - org |
| Intro first cut Return to index of stories... |
There was a time when hay was as important as money. Because hay fed the horses and oxen that provided transportation and did the work on the farms. That was over a hundred years ago. But, some of the traditions of harvesting hay has survived thanks to an event called First Cut in Lyme. Which, also happens to be on our Commissioner of Agriculture, Steve Taylor's list of slices of the "real" New Hampshire. |
| First Cut Return to index of stories... |
First Cut - Steve Taylor takes us to First Cut in Lyme, a celebration of the traditions of harvesting hay by hand. The event is organized by the Upper Valley Land Trust a conservation trust preserving land in the Monadnock region. Steve Taylor introduces us to hand mowing demonstrations with sythes and horse drawn mowing and raking machinery used to cut hay. We also meet some of the people who keep these traditions going. |
| News Briefs Return to index of stories... |
Finally, here's a brief look at the news. |
| Education Funding Return to index of stories... |
New Hampshire's Business and Industry Association is trying to spread the word to its members that they could see another business tax hike next year to pay for schools. The group plans to distribute brochures aimed at educating people about how schools are financed and how the system affects their companies.The brochure points out that one out of every three dollars in the fund comes from businesses. The group says that unless things, change, it's likely businesses would see further tax increases. We'll hear more from the BIA next week. |
| Receiver Towns Return to index of stories... |
A moveto organize is being launched by towns who receive money from the statewide property tax. The 199 communities called "receiver" communities are concerned with the mounting political force of the donor towns. The goal of organizing is to pull together the political voices of receiver towns so they will have a stronger voice in the tax debate. Letters are apparently being sent around the state. |
| Osram Sylvania Return to index of stories... |
Osram Sylvania is laying off about a third of its employees in Maine, but the company says work at its Hillsboro plant is going strong, with no layoffs planned. The company says it's moving some of its production in Maine to the Czech Republic. Osram Sylvania makes lighting components. |
| Tomorrow Return to index of stories... |
On the next New Hampshire Outlook - The race for governor. We begin our special series of reports on the 2002 election. Political Editor Richard Ager profiles Republican gubernatorial candidate Bruce Keough. We're talking politics every wednesday through the November General Election. |
| Goodnight Return to index of stories... |
That's it for this edition of our program.Thanks for joining us. We'll see you next time on New Hampshire Outlook. |
| founders Return to index of stories... |
Thanks to our founding sponsors who have provided major funding for the production of New Hampshire Outlook: New Hampshire Charitable Foundation Public Service of New Hampshire Alice J. Reen Charitable Trust Putnam Foundation Stratford Foundation |
| WEB PROMO Return to index of stories... |
Tonight on New Hampshire Outlook. A special report on the race for governor. A profile of Republican candidate Bruce Keough. Tonight at 10pm on New Hampshire Public Television. |
| key: economy / business Return to index of stories... |
NEW HAMPSHIRE OUTLOOK Air Date/Time:7/16/02 / 2200 HOST: Allison McNair Length: 12:09 In addition to a summary of the day's top New Hampshire stories, this edition of New Hampshire Outlook, NHPTV's nightly news magazine, included a discussion with AG Edwards and Sons Tom Sedoric. Tom talked about the stock market and Alan Greenspan's remarks that day. PRODUCER/REPORTER:Allison McNair NAME OF PARTICIPANTS: Tom Sedoric\AG Edwards & Sons |
| key: economy / business Return to index of stories... |
NEW HAMPSHIRE OUTLOOK Air Date/Time:7/16/02 / 2200 HOST: Allison McNair Length: 5:09 In addition to a summary of the day's top New Hampshire stories, this edition of New Hampshire Outlook, NHPTV's nightly news magazine, included a feature report on First Cut in Lyme, a celebration of the traditions of harvesting hay by hand. The event is organized by the Upper Valley Land Trust a conservation trust preserving land in the Monadnock region. Steve Taylor introduces us to hand mowing demonstrations with sythes and horse drawn mowing and raking machinery used to cut hay. We also meet some of the people who keep these traditions going. PRODUCER/REPORTER: Chip Neal NAME OF PARTICIPANTS: Steve Taylor\NH Comm of Agriculture Don Elder\Lyme Bruce Streeter\Orford Earl Silloway\South Strafford, Vt |
| Tonight 10:00 Return to index of stories... |
Tonight on New Hampshire Outlook. Join us tonight at 10:00 only on New Hampshire Outlook. |
| ATV Return to index of stories... |
The controversy regarding all terrain vehicles continues as officials in Carroll County are worrying that illegal ATV riding may be damaging railroad tracks. Officials are concerned that the erosion of stone shoulders could cause derailments. State and local officials are looking for answers. One possibility is having ATV riders join clubs, where they will learn more about safety and get permission to ride on private land. |
| website Return to index of stories... |
For information on our program, and links to our guests and interviews, Visit our web site at nhptv.org. Every program is online, and available via streaming video. If you've got a story idea or comment on our program, click the feedback button on our website. Or, call us at 800-639-2721. |
| border Return to index of stories... |
AP-NH--Gregg-Border dewho Gregg pushes for 24-hour border crossing staffing -- Senator Judd Gregg is pushing to make sure the border crossing between New Hampshire and Canada is staffed around the clock. He has included a provision in the next budget bill urging the Customs Service to give 24-hour staffing at the Pittsburg crossing a high priority. He says the threat of terrorists trying to enter the country is very real, and the government should take every precaution to block them from entering through the border with Canada. AP-NY-07-17-02 0555EDT |