Record debt will not hurt economy\nWASHINGTON -- The record level of debt American households are carrying and soaring home prices do not appear to represent serious threats to the U.S. economy, Federal Reserve Chairman Alan Greenspan said Tuesday.\nGreenspan said that high levels of personal bankruptcies were a concern because they indicated "pockets of distress" among American households. But he said the vast majority of U.S. consumers "appear able to calibrate their borrowing and spending to minimize financial difficulties."
Women MBA's encourage 'buycott'\nTuesday 85 Broads, a group of women MBA's, encouraged members affiliated nationwide to join them in a "buycott." Women were urged to refrain from making any unnecessary purchases to demonstrate to the world their buying power. \nThe buycott was organized to speak out against the fact that women are underrepresented in the boardrooms -- only eight of the Fortune 500 companies are women, and only 5 percent of the top earning corporate officers are women, according the 85 Broads Web site.\nEvents were held in New York, Chicago, Philadelphia, Boston, Los Angeles, Denver, San Fransisco and London to celebrate the event.
