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Vacuum Maker Oreck to Stay after Katrina

By Scott Horsley

Published September 14, 2005 at 12:00 AM EDT

The Oreck Corp. has assembled 20 trailers to provide emergency housing for plant workers who lost homes to Hurricane Katrina. Marketing Vice President Steve Hanson calls the RV park where the trailers are parked Oreckville.

Scott Horsley

Scott Horsley is NPR's Chief Economics Correspondent. He reports on ups and downs in the national economy as well as fault lines between booming and busting communities.

See stories by Scott Horsley

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The Fed raises interest rates again despite the stress hitting the banking system

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The Federal Reserve raised its benchmark interest rate by a quarter percentage-point in an effort to curb high inflation. Some had called for the Fed to wait after two recent bank failures.
The Fed raises interest rates again despite the stress hitting the banking system

Scott Horsley

The Federal Reserve raised its benchmark interest rate by a quarter percentage-point in an effort to curb high inflation. Some had called for the Fed to wait after two recent bank failures.
Fed is expected to boost its benchmark interest rate by a quarter percentage point

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The Federal Reserve will decide Wednesday whether to keep raising interest rates to combat high inflation. The decision has been clouded by recent turmoil in the banking system.