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IBD'S TOP 10.(A)

Investor's Business Daily

| November 01, 2001 | COPYRIGHT 2001 Investor's Business Daily, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Decade-Long Growth Streak Ends

1The longest peacetime expansion ground to a halt in the third quarter as the economy shrank at a 0.4% annual rate. It was the first drop since a 0.1% fall in the first quarter of 1993 and the worst in a decade. But consumer spending held up, and the 0.4% fall was better than Wall Street's forecasts for a 1% decline. More on this page

Bush Says Attack Stung Economy

2President Bush said declining GDP showed the Sept. 11 attack "affected our work force and affected our business base." He called on Congress to pass a stimulus package by the end of Nov. and give him more authority to negotiate trade deals. One of Bush's top economic aides said the likelihood of recession has gone up. More on A3

Treasury Kills Off 30-Year Bonds

3Bond prices and long-term yields plunged when the Treasury said it will no longer issue the 30-year bond. The move stunned investors, coming as projected surpluses turn into deficits. In recent years, the U.S. has shifted its borrowing to the short end, where rates are lower. The 30-year bond soared 5 points, and the yield fell to 5.21%, a three-year low. More on this page

Anthrax Death Is Nation's Fourth

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