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Home / Focus / Banking & Finance Dec. 2007 / US Fed cuts key interest rate for third time in 3 months (access required)

US Fed cuts key interest rate for third time in 3 months (access required)

The Federal Reserve cut a key interest rate by one-quarter of a percentage point Dec. 11, trying to keep the U.S. economy out of recession.The reduction in the federal funds rate to 4.25 percent marked the third rate cut in the past three months. Fed officials signaled that further cuts were possible if a severe ...

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This is Tombstone’s Oriental Saloon, photographed in the 1930s after its conversion for use as a drug store.

The Oriental Saloon (access required)

Owned by Jim Vizina, its bar and restaurant rented to Cochise County Supervisor M.E. (Milt) Joyce, the Oriental was considered Tombstone’s finest saloon. “Last evening,” ...