Higher interest rates pushed

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					E       Friday, February 5, 2010

Higher interest rates pushed                                                                                                                       Ford to fix brakes
                                                                                                                                                   on Milan, Fusion hybrids
                                                                                                                                                                                                drop away as the car makes a
                                                                                                                                                                                                transition from regenerative
• A Federal Reserve                 from having a maximum              … bring a little bit of risk back    a little different perspective,”                                                    brakes to the conventional
                                                                                                                                                                                                system. The Ford hybrids have
                                    number of options as circum-       to the markets, if you will, be-     he said.                                  Ford Motor Co. plans to fix
official says they                  stances change,” Hoenig said.      cause if you guarantee some-            The economic recovery is            17,600 Mercury Milan and Ford                regenerative brakes, which
must increase as the                “Because you’ve agreed that        thing, they act accordingly          well under way, boosted by             Fusion gas-electric hybrids                  capture energy from braking
                                                                                                                                                                                                to help recharge the battery,
                                    it’s going to be that way for an   and therefore perhaps just a         federal stimulus dollars that          because of a software prob-
economy recovers.                   extended period, it removes        little less safely,” he said.        will continue to flow this             lem that can give drivers the                in addition to a conventional
                                    and reduces your ability to           Hoenig also reiterated his        year, monetary stimulus and            impression that the brakes have              system that stops the car using
BY DON MECOY                        conduct policy in the future.      opposition to federal bailouts       a resurgence of business and           failed.                                      hydraulic pressure.
The oklahoman                       And that, I think, is fine dur-    of financial institutions con-       consumer spending, he said.               The automaker says the                       Deep says Ford will notify the
                                    ing the crisis but not during      sidered “too big to fail.”              “I think the outlook is over-       problem occurs in transition                 car owners to bring their cars in
   The Federal Reserve Sys-         the recovery.”                        “We all learned a lesson          all positive,” he said.                between two braking systems                  for a software fix.
tem must prepare to raise              He forecast growth of about     from the ’80s that we haven’t           But tough economic times            and at no time are drivers with-                The automaker called the
interest rates as the economy       3 percent in the U.S. economy      forgotten, and that is that you      are ahead, and that requires           out brakes.                                  repairs a “customer satisfaction
recovers, the president of the      this year, which would sup-        cannot extend yourself in ex-        an independent Federal Re-                The decision to fix the 2010              program” and said it was not
Federal Reserve Bank of Kan-        port an eventual increase in       cess leverage and expect to          serve “to be insulated from            model cars came after a test                 a full-fledged recall. Deep said
sas City, Mo., said Thursday        borrowing costs toward more        be bailed out,” he said. “It is      the daily political emergen-           driver for Consumer Reports                  Ford reported the problems to a
in Oklahoma City.                   normal levels.                     extremely important that we          cies to be able to think longer        magazine experienced the                     U.S. safety agency, the National
   President Thomas Hoe-               “Now what’s normal is           change some of the finan-            term,” Hoenig said.                    problem.                                     Highway Traffic Safety Admin-
nig, a voting member of the         very difficult to know, but I      cial incentives in this coun-           “We have a great country,”             Ford spokesman Said Deep                  istration.
Fed’s Open Market Commit-           do know one thing — it’s not       try if we’re going to have the       he said. “We have issues.              says braking power seems to                                —from wire reports
tee, which sets interest rates,     zero,” he said.                    strong, capitalistic system.”        We have a good outlook, but
made headlines recently                The Fed cut interest rates         Oklahoma is in the Federal        there are risks. We have a
when he dissented from the          to their current zero to 0.25      Reserve’s 10th District, which       great financial system, but             
panel’s consensus that inter-       percent range to stimulate an      is based in Kansas City. Hoe-        we need to make sure it stays             	       Online
est rates will remain very low      economy in crisis, but policy-     nig said Oklahoma is “near           great. And we have a central
for an extended period. He          makers must resist pressure        and dear to my heart.”               bank that I hope serves this              Sign up for the Tulsa World Business e-mail newsletter. You
discussed his dissent at the        to keep the rates artificially        “I very much appreciate           country well and I want it to             will receive Business headlines e-mailed to your inbox every
Oklahoma Bankers Associa-           low during the recovery, Hoe-      the opportunity to have input        continue serving this country             day. Go to and click Choose Email
tion Economic Forum.                nig said.                          into the policies (of the Fed),      well.”                                    Newsletters.
   “I believe that kind of lan-        “I think that’s extremely,      and that I am from the center

                                                                                                                                                   Anthony lacks case
guage keeps the policymaker         extremely important that we        of the United States and take     

AT&T will allow slingPlayer for iPhone                                                                                                             standing, says AG
BY JESSICA MINTZ                    ming to devices such as smart      AT&T spokesman Mark Sie-             operate over its 3G network.
Associated Press                    phones and laptops over the        gel said, and the improved              AT&T, which is based in             by Jay f. marks                              as a private citizen to ask the
                                    Internet, would clog its net-      version doesn’t threaten the         San Antonio, Texas, changed            The Oklahoman                                appeals court to intervene,
  SEATTLE — AT&T Inc.               work.                              3G network.                          its mind about Internet phone                                                       according to the attorney
said Thursday it will now al-         Meantime, versions of the          Sling Media, which had             applications — Voice over In-            The state’s top attorney                   general.
low Sling Media Inc.’s tele-        program that used the 3G net-      been selling a Wi-Fi-only            ternet Protocol or VoIP — af-          maintains a member of the                      Anthony said last week he
vision-viewing program for          work were available for use        iPhone app, has submitted an         ter the FCC began looking              O k l a h o m a C o r p o ra t i o n         wanted the court to deter-
the iPhone to operate over its      on other smart phones sold         updated version with 3G fea-         into Apple’s decision to not           Commission has no stand-                     mine whether the 2-1 vote
“3G” high-speed mobile net-         by AT&T. But distribution of       tures for Apple’s approval.          approve a Google Inc. calling          ing to question a 1980s rate                 that settled the rate case in
work.                               programs for Windows Mo-             Sling Media spokesman              program last year.                     case involving AT&T Inc.                     1989 was valid since the de-
  The reversal comes as the         bile and BlackBerry phones         John Santoro said the pro-              In written responses to FCC           Commissioner Bob An-                       ciding vote was influenced
Federal Communications              aren’t as tightly controlled as    gram as it was originally            questions in August, it came           thony last week asked the                    by a bribe paid by an attor-
Commission is drafting rules        those for Apple Inc.’s iPhone,     written wouldn’t have taxed          out that Apple had agreed              Oklahoma Supreme Court                       ney retained by the tele-
to keep broadband providers         and AT&T said it had not ap-       AT&T’s network because it            to seek AT&T’s permission              to consider whether the rate                 phone company.
— including wireless compa-         proved those 3G apps, either.      tests conditions before decid-       before approving VoIP pro-             case was tainted by a brib-                    The case has been re-
nies — from favoring or dis-          The wireless carrier said        ing whether to send out band-        grams that used AT&T’s 3G              ery scandal that landed one                  viewed multiple times by
criminating against Internet        Thursday that it has been          width-intensive, high-quality        network.                               of his former colleagues in                  the commission and the
traffic flowing over their net-     testing the SlingPlayer Mo-        video or lighter-weight, low-           The FCC kicked off a wide-          prison.                                      court, so there is no rea-
works.                              bile program for the iPhone        er-quality files.                    ranging inquiry into compe-              Attorney General Drew                      son to revisit it, lawyers for
  AT&T said last May it wor-        since December.                      This is the second time in         tition in the wireless indus-          Edmondson and his staff                      AT&T say.
ried SlingPlayer Mobile,              Sling Media, which is based      recent months that AT&T has          try. Then, in October, AT&T            objected to that request                       The state Supreme Court
which sends a user’s home           in Foster City, Calif., has fur-   revised its policy on the kind       started allowing 3G VoIP               Wednesday, arguing that                      rejected a similar filing by
cable or satellite program-         ther optimized the program,        of iPhone programs that can          programs.                              Anthony cannot act on be-                    Anthony in 1997, the lawyers
                                                                                                                                                   half of the three-member                     said.
                                                                                                                                                     He also has no authority                

                                                                                                                                                   OklahOma agriculture
                                                                                                                                                   Oklahoma Markets                             4.94, Manchester 4.96, Medford 5.07,
                                                                                                                                                      The state Department of Agriculture       Ponca City 5.16, Miami N/A, Shattuck
                                                                                                                                                   reported the following closing prices        5.33, Gulf 7.48.
                                                                                                                                                   Thursday:                                        SOYBEANS: 3 to 6 cents higher.
                                                                                                                                                      U.S. No 1 HARD RED WINTER                 7.99-8.44.
                                                                                                                                                   WHEAT: 5 to 6 cents higher. 3.74-4.02.           Shattuck 7.99, Hooker 8.00, Alva,
                                                                                                                                                      Davis 3.74, Frederick 3.87, Lawton        Buffalo 8.38, Medford 8.39, Stillwater
                                                                                                                                                   3.88, Hobart, Temple 3.89, Buffalo, Shat-    8.43, Ponca City 8.44, Miami N/A, Gulf
                                                                                                                                                   tuck 3.92, Miami N/A, Clinton, Eldorado,     9.64½.
                                                                                                                                                   Okarche 3.93, Manchester, Medford,               CORN: 1 cent higher. 2.98-3.25.
                                                                                                                                                   Weatherford 3.94, Alva, Cherokee, Pon-           Manchester 2.98, Ponca City 3.04,
                                                                                                                                                   ca City 3.97, Banner, El Reno 3.98, Geary,   Keyes 3.21, Hooker 3.25, Miami N/A,
                                                                                                                                                   Okeene, Perry, Stillwater, Watonga 3.99,         Gulf 4.04.
                                                                                                                                                   Keyes 4.01, Hooker 4.02, Gulf 5.08½.             CANOLA: N/A
                                                                                                                                                      MILO: 1 to 5 cents higher. 4.01-5.33.         Grade 41, Leaf 4, Staple 34 Cotton
                                                                                                                                                      Eldorado 4.01, Keyes 4.75, Alva,          in Southwestern Oklahoma averaged
                                                                                                                                                   Buffalo 4.83, Weatherford 4.89, Hooker       63.50 cents per pound.

                                                                                                                                                   jobs:                                        nologies creates software
                                                                                                                                                                                                for weather forecasting and
                                                                                                                                                                                                delivering that information
                                                                                                                                                                                                to Internet customers. The
                                                                                                                                                   Cymstar is to em-                            Norman company is eligible
                                                                                                                                                   ploy 83 people                               for up to $3 million in state
                                                                                                                                                                                                incentives if it makes up to
                                                                                                                                                   within the period.                           100 new hires.
                                                                                                                                                                                                   To qualify for Quality Jobs
                                                                                                                                                   From e1                                      incentives, the company
  Seats are in place in the passenger cabin of the first Boeing 787 to have its interior installed, displayed Wednesday at the production                                                       must have its central admin-
plant in everett, Wash. Boeing designers and marketers are betting that a lot of subtle changes in the interior of the new jetliner will           six or seven times the initial               istrative, manufacturing or
generate strong passenger demand for the plane. ELAinE ThomPson/Associated Press                                                                   capital investments.                         research and development
                                                                                                                                                      CymStar offers engineer-                  facility in Oklahoma or make

                                    look better. Cabin pressure is     throughout the cabin, and            senger jet to be made mostly           ing and technology help for                  75 percent of sales to out-of-
                                    lower than in earlier aircraft,    several windows have been            from composite materials.              flight training, simulation                  state customers. Most ap-
                                    which should make people           replaced with test instru-           Boeing says it will use far less       and other military applica-                  plicants also must achieve
                                    feel better during and after a     ments.                               fuel, be quieter and produce           tions. The Broken Arrow                      a $2.5 million taxable pay-
The model will un-                  flight, designers said.               Besides making sure all the       lower emissions than compa-            company will receive up                      roll for any four consecu-
                                       Boeing executives say many      passenger comforts work,             rable planes and should cut            to $2.3 million in payroll                   tive quarters during the first
dergo tests in flight,              of these features could be ad-     the jet will test cabin safety       maintenance costs.                     tax rebates if it employs 83                 three years in the program.
including how the                   opted in their other models,       systems, including oxygen               The first flight of the 787         people within the qualifying
                                    including the 737.                 masks, evacuation slides and         was in December, after which           time period.
kitchen functions.                     Components of the 787           methods of fighting onboard          Boeing began its nine-month               Weather Decision Tech-
                                                                                                                                                                                                      Rod Walton 581-8457
From e1                             are being produced in Tulsa        fires, said Derek Muncy, a           test program. Japan’s All Nip-
                                    by Spirit AeroSystems Inc.         flight test engineer.                pon Airways is to receive the
gers who have just endured a        of Wichita and NORDAM                 In the air, engineers will fill   first plane to be put into ser-
cramped, crowded jetway, he         Group, a Tulsa manufacturer        the plane’s 135 seats with pas-      vice late this year.
said.                               and aircraft maintenance           sengers to check air circula-           Boeing has produced 12
   The cabin’s LED lights have      business.                          tion and to see how the cabin        787s in Everett, with four
a full range of colors, with           The 787 test plane is spar-     responds to their body heat.         more on the assembly line.
airlines able to pick different     tan, with only economy-class       Engineers also will load the         Customers have ordered 851
lighting schemes during the         seats and its midsection filled    galleys with food and drink          of the jetliners.
flight, including a sky blue        with nine racks of electronics     and cook 100 meals while air-
while boarding and “warm            and workstations for engi-         borne, Muncy said.                      The Tulsa World Business staff
lighting” to make the food          neers. Orange test wires run          The 787 is the first pas-              contributed to this story.

dow:                                and become more expensive
                                    to foreign buyers when the
                                    dollar climbs.
                                                                       U.S. and make it harder for
                                                                       the economy to overcome its
                                                                       biggest problem: unemploy-
                                                                                                               The Dow fell 268.37, or 2.6
                                                                                                            percent, to 10,002.18. The in-
                                       The market’s drop was the       ment.                                dex has fallen 723 points, or
The dow fell 268.37,                latest leg of a stumble that be-     The Labor Department said          6.7 percent, since closing at a
or 2.6 percent, to                  gan in mid-January.                Thursday that claims for un-         15-month high of 10,725.43 on
                                       Stocks fell then in response    employment benefits rose by          Jan. 19.
10,002.18.                          to China’s attempts to curb its    8,000 to 480,000 last week.             The broader Standard &
                                    overheated growth.                   It was the fourth increase         Poor’s 500 index fell 34.17, or
From e1                                Those moves raised fears        in the past five weeks.              3.1 percent, to 1,063.11, while
                                    that the other world econo-          DeShazo, the Sapulpa-              the Nasdaq composite in-

contain rising debts and to
borrow the money they have
                                    mies could suffer as a result.
                                       “The market is becom-
                                    ing aware that the wall of
                                                                       based banker, said a jump in
                                                                       unemployment can create a
                                                                                                            dex slid 65.48, or 3 percent,
                                                                                                            to 2,125.43. Just 273 stocks
                                                                                                            rose on the New York Stock
                                                                                                                                                     “I keep things
been using to try to spend
their way out of recession.
                                    cash that lifted it last year is
                                    coming to an end,” said Jon
                                                                         But jobs are a lagging indi-
                                                                       cator, he noted, and a signifi-
                                                                                                            Exchange, while more than
                                                                                                            2,800 fell. Volume came to 1.5                      light in my life.”
  The euro hit a seven-month        Merriman, chief executive          cant improvement in job cre-         billion shares, compared with
low against the dollar on the       of Merriman Curhan Ford in         ation probably won’t occur           1 billion Wednesday.                          In a rare interview,rare interview, Leonardo DiCaprio
                                                                                                                                                                          In a Leonardo DiCaprio reveals
news.                               San Francisco.                     until midyear.                                                                                     reveals the man behind the camera.
  The rising dollar hurt               Investors also worry that         Employment news “creates            Laurie Winslow of the Tulsa World
demand for commodities,             a slowdown in foreign coun-        these flashes once in a while”         Business staff contributed to this
which are priced in dollars         tries would spill over to the      in the stock market, DeShazo            story by The Associated Press.
                                                                                                                                                   This Sunday in...