My WBZ Afternoon Headlines 5/21/2008

[0:00]" WB ZWBZHT Boston. Yeah this is WBZ Boston on the air on line 24 hours today WBZ Newsradio 1030 yeah. Every day."

[0:14]" Good afternoon it's 330 we have a mix of clouds and sun it's breezy in Boston 65 degrees right now. I'm Diane Stern and here's what we're following in the WBZ newsroom the Dow is down 202 points as -- closes above 133 dollars a barrel on the market -- report is coming up -- food prices high gas prices are affecting more than just individual households restaurants are feeling the pinch too. I'm Lisa Meyer the WBZ AccuWeather forecast continuation of cold weather across the area through at least early Friday that it will be turning -- this holiday weekend we have sports -- Tom Cuddy at 345 on the W practice floor is open adjustments as the Celtics and pistons prepare for a playoff game two tomorrow night."

[1:00]" And this is is brought to you by Cambridge savings bank. Senator Kennedy at last check was sailing off Hyannisport hours after he left mass general hospital where he was diagnosed with brain cancer. We'll have more on that in just a moment. A couple of reports coming up in just about four minutes or so but first these stories in economic news. The Federal Reserve sharply lowers its projection for economic growth this year. But CBS's Dan review says not to look for more interest rate cuts these are the minutes of the Fed's last meeting that cut interest rates three weeks ago now we see it was quote a close call. And these federal bankers leave the clear impression that despite the weak economy they won't be cutting rates again because that could spark more inflation. This year's series of rate cuts designed in part to help the stock market apparently is -- These that is expecting higher unemployment and inflation for the rest of the year restaurant owners are struggling with a souring economy WBZ's Lisa Meyer found out that businesses flat. It costs are up."

[1:59]" In the economy money is very very tight."

[2:02]" Peter Christy of the mass restaurant association says there were a couple of reasons high gas prices mean folks that would splurge on a meal out aren't and restaurant owners are paying more to put food on the table."

[2:14]" Feel food prices were up about eight through march of this year -- much lashed."

[2:21]" Kristi says it would be simple if restaurants just passed through the -- but a lot of them are afraid to do that and that's cutting profits he hopes business bounces back but he says high fuel prices high food prices both affected intangible but a lot of restaurants need to thrive -- Lisa Meyer WBZ Newsradio 1030 a submarine man is charged in an alleged real estate scam federal prosecutors say Stephen hopper -- is more than one point five million dollars for a phony real estate fund. They say he spent most of that to pay off his credit cards and to hire clowns and Cutler's. -- also faces state and federal securities charges there's been no comment from his attorney's office."

[3:05]" WBZ news time 333 years gone ahead with the Subaru dealers of New England all wheel drive traffic on the -- is brought to you by Comcast. That Diane we're getting -- of the new problem up north 93 north under on the -- now from -- sixteen in Medford and we have reports of an accident up before once funny Dayton writing. A route our route one northbound is slow from Sargent street to win streak the -- and every three is okay everyone northbound making good time Waltham -- Danvers. Want -- southbound that's slow from sixteen to nine again -- 95 -- for in the South Shore is okay. The expressway southbound is on the brakes in the O'Neill tunnel down this avenue -- northbound slow east Milton to Neponset. Downtown Storrow Drive driving eastbound is backed up into its -- the Leverett connector outbound is heavy approaching the -- offer up. In bound connector in the lower deck of 93 or find the Mass Pike westbound moving well out through Natick and Framingham. Next reported 343 with WBZ is trapped on the third of Comcast triple play digital cable with on demand high speed Internet and digital voice all for one low price call 1800 Comcast restrictions applied not available in all areas."

[4:07]" We'll take you to Hyannisport -- of Senator Kennedy that's next on WBZ WBZ news time 335 the mix of clouds and sunshine another breezy afternoon and 65 degrees in Boston will have the details of the forecast through half of the long holiday weekend. That's coming up in just about five minutes with Bob Larson. A the FAA has made this guys around the Kennedy compound in Hyannis port. No fly zone to keep news helicopters from busing to close to the senator's home. He's they are now after being released this morning from Mass. General effect he and his wife Vickie -- sailing we have two reports starting with WBZ's mark cataract."

[4:46]" Senator Ted Kennedy and his wife -- pulled out of the compound -- neighbors shouting encouragement and reporters on the ground and overhead well. That he returned to the Kennedy compound to Mass. General few days after a seizure. And a day after the public learned the horrible news of his malignant brain tumor. Kennedy's car stopped the block of forest home to top of Maureen tie. Just seeing him today and feeling his smile. Gave me wonderful feeling and I feel very very grateful. K Crowley among the neighbors wishing him the best I could have -- out battening them mowing a -- as something as a -- going to go over and -- out of this because I think it is history outside the Kennedy compound in Hyannis port mark katic WBZ Newsradio 1030."

[5:35]" Shortly after returning Senator Kennedy was seen walking with his wife and dogs on the grounds smiling and looking full of energy. One of those who greeted them was Margaret Thai garment supporters say she worked for the presidential campaign of John Kennedy in 1960. She promised the senator a bottle of holy water he just squeezed my hand any -- out fight 92 year old mother medalists of Osterville came by to watch the media throng into wish the Kennedys well he's a fighter. Via -- career. Chad always husband Michael we've ever again. The president Herbert and her silent at this time neighbors say they will respect the family's privacy. In Hyannisport Lana Jones WBZ Newsradio 1030."

[6:13]" Revenues UN secretary general bon Ki moon is urging Myanmar to focus on saving the lives not politics. He says this is a critical moment for the cyclone ravaged country. Myanmar's military government is rebuffed a US for. Proposal today for naval ships to bring aid to the survivors the UN says as many as two and a half million people in Myanmar face hunger homelessness. And potential outbreaks of deadly diseases. The states is too many businesses are still throwing away a huge amount of recyclable cardboard. The State's department of environmental protection in the last year sent inspectors to dozens of solid waste facilities. To monitor compliance with the ban on throwing out cardboard. Ten companies and for waste haulers have been cited WBZ news 138."

[7:04]" Hear the news right here. See the news at wbz1030.com."

[7:10]" Getting to a really down closed today let's get the numbers as they stand right now with John -- marketwatch.com countdown -- Diane like commissioner Gordon trying to get in touch wood -- and the Federal Reserve is flashing a big sickle in the sky today. And that message is simple don't expect any more interest rate cuts. And appears to be the clear signal from the central bank in today's Fed minutes policy makers are worried about inflation and some members. Are worried that more rate cuts could damage the American economy the Dow Jones Industrial Average right now off. 208 points the Nasdaq down 37 the S&P 500 is dropping some eighteen points. Oil also in the mix today crude futures soaring advance in more than four dollars a barrel for the first time oil now above 133 dollars a barrel. Business reports at eight and 38 past the hour on John Wordock marketwatch.com on WBZ Newsradio 1030."

[8:09]" WBZ news time 340 a spectacular afternoon 65 degrees breezy and lots of sunshine at the moment. Let's see what's ahead end to part of the long holiday weekend here's Bob Larson with the extended WBZ AccuWeather forecast a couple of showers starting out this evening even a rumble of thunder lingering clouds overnight -- cool 49. Also cloudy breezy and chilly dorm a couple of showers around during the afternoon -- May -- early evening bars on 58 degrees partly cloudy and chilly tomorrow Diallo 47. Breezy not as cool on Friday -- clubs and -- to the issue our -- early afternoon high 68 cited a partly cloudy milder on Saturday I 71. -- weather in just ten minutes I'm -- you'd be easy AccuWeather meteorologist Bob -- sunshine in Boston and 65 degrees"