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Home / Focus / Banking & Finance March 2008 / Fed’s latest aggressive rate cut decision not unanimous (access required)

Fed’s latest aggressive rate cut decision not unanimous (access required)

The Federal Reserve on March 18 slashed a key interest rate by three-fourths of a percentage point, moving aggressively to contain a credit crisis threatening to push the country into a severe recession. The latest action brought the federal funds rate — the interest that banks charge each other — down to 2.25 percent, the ...

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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,” ...