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Fed May Skip Another Interest Rate Increase

<TAB>There are indications the Federal Reserve Board will not raise interest rates at its policy meeting today, which should result in a collective sigh by local banks.<@SM><@SM><TAB>In the past 14 months, the Fed has raised interest rates six times in an effort to curb inflation. However, Fed watchers say reined-in consumer inflation and less housing construction indicate there will not be a need to increase the rates at today

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CALENDAR

The Daily Record publishes Calendar, a daily listing of special events and ongoing programs in Baltimore and the surrounding communities. For inclusion, send items to The Daily Record Calendar, 11 E. Saratoga St., Baltimore, Md. 21202 THURSDAY, AUGUST 24NETWORKINGGaithersburg-Germantown Chamber ...

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Europeans Announce Alzheimer’s Breakthrough but Therapy Still Far Off

Swiss drugs giant Roche Holding AG and Icelandic biotech company deCODE genetics announced they have succeeded in mapping a gene linked to Alzheimer’s disease. <@SM><@SM><TAB>They said the discovery provides a beacon of hope in the battle against the degenerative brain condition, but industry analysts warned that developing therapies as a result of such discoveries could take at least a decade.

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SEC Hires Ex-Ernst & Young Partner

<TAB>Jackson Day, a former partner with major accounting firm Ernst & Young, will be the deputy chief accountant at the Securities and Exchange Commission, sources at the regulatory agency said yesterday. <@SM><@SM><TAB>The hiring of a former employee of Ernst & Young, a Big Five major accounting firm, comes at a time when the SEC is battling three of the Big Five firms over a federal proposal aimed at keeping consulting and auditing services separate.

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Movers

<b><u>ADVERTISING/PR/MEDIA</u></b><@SM><@SM><TAB><b>Strategix Inc.</b> has appointed <i>Robert Rusnak</i> as assistant account executive. Rusnak was previously an administrative assistant with New Image Press in Pittsburgh, Pa. He holds a bachelor of arts in communications from Purdue University.<@SM><@SM><b>WBAL-TV</b> announced that <i>Bill Fine</i> has returned to the station as president and general manager. Fine previously was with WBAL as a general sales manager before leaving to serve as vice president and general sales manager for WCVB in Boston. Fine is a 23-year veteran of the television business.

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