Benefits November 7, 2001

OSHA Courses Available Online

November 7, 2001(PLANSPONSOR.com) - Employers in the manufacturing and general industries sector who want to help their workers improve their skills and make workplaces safer and more productive can now enroll employees in online versions of popular Occupational Health and Safety Administration (OSHA) courses.
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Among the online training programs accepted by the OSHA Training Institute as alternatives to traditional classroom training are:

  • the OSHA 10-Hour General Industry Outreach
  • Principles of Ergonomics Applied to Musculoskeletal and Nerve Disorders, and
  • OSHA Guide to Industrial Hygiene

The online courses are available through Eastern Michigan University, Niagara County Community College and the University of Cincinnati, which OSHA’s Office of Training and Education has designated as outreach Education Centers.

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Investing November 6, 2001

Fed Cuts Rates by 0.5%

November 6, 2001 (PLANSPONSOR.com) - As anticipated, the Federal Open Market Committee slashed its target for short-term interest rates by a further half a percentage point.
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The cut lowers the fed funds rate, which influences borrowing costs throughout the economy, to 2.0%, its lowest level since the 1960s.

“Heightened uncertainty and concerns about a deterioration in business conditions are dampening economic activity,” the Federal Reserve said in a statement announcing the cut.

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The statement also noted that “although the necessary reallocation of resources to enhance security may restrain advances in productivity for some time,” the Fed remained positive about the long-term prospects for growth.

This is the tenth time this year that the FOMC has cut rates, and many analysts believe that this is the end of the easing cycle.

See also: The Fed’s News Release

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