Producer Prices Jump 0.4 Percent In March
The Labor Department reports a 0.4 percent rise in the Producer Price Index for March, the second straight monthly gain and marking a 3.9 percent annual inflation rate for the first quarter. Energy prices surged 1.3 percent and food rose 0.5 percent, while core prices gained 0.1 percent.
MENTIONED IN THIS ARTICLE
Washington
Labor Department
Jobless Claims Edge Down in Slow Labor Recovery
The Labor Department said new unemployment claims for the week ending April 3 totaled 369,000, down from 378,000 the prior week. Economists note the data show a painfully slow recovery with weekly volatility.
MENTIONED IN THIS ARTICLE
Washington
Labor Department
Lawmakers discuss deficit cuts health care and jobs in Charleston forum
Derrick and Rep. Inglis joined by Rep. Ravenel to examine Clinton deficit reduction plan and job creation at Charleston Naval Hospital forum sponsored by the South Carolina Chamber of Commerce. Derrick defends the package while Inglis questions tax and spending impacts. Thurmond critiques the stimulus program.
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Charleston Naval Hospital
South Carolina Chamber of Commerce
Arthur Ravenel
R-S.c
Robert Inglis
John D. Beckler
Chamber
Rep
Derrick
Clinton
Inglis
Quickl
United States
Sen. Thurmond
Senate
Republican Party
Prices Rise Slower as Early Quarter Inflation Fears Ease
The report notes prices tend to creep up in the first quarter while arguing the economy lacks momentum to trigger a strong inflation surge. Analysts point to subdued demand and modest wage growth as factors keeping price pressures in check.
DOE Reassures After Tomsk-7 Nuclear Incident
The United States vows vigilance after a Tomsk-7 explosion with radiation levels in a village rising over seventeen times safe limits. Secretary Hazel O Leary says DOE will review safety at facilities and assist as needed while noting low risks of similar events in the United States and ongoing monitoring at sites like Savannah River.
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Chernobyl
Ukraine
Hazel O'Leary
DOE
Savannah River
Department
United States
Tomsk-7
O’leary
Kaurov
Tomsk
Clinton budget proposals seek tax hikes and spending cuts
President Clinton asks for continued support to move the economy and restore confidence. He outlines raising taxes by 320.7 billion over five years targeting the wealthy and corporations, new energy levies, slower growth in spending, defense cuts, and investment in roads high speed rail and retraining, with unemployment expected to fall gradually.
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Congress
Clinton
Texan department selects White for Senate race support
White, 38, chairs the U.S. Senate campaign of Bob Krueger to retain the seat vacated by Lloyd Bentsen. Appointed by Gov. Ann Richards in December to fill Bentsen's term, he is Harvard magna cum laude with a BS in economics and a UT Law degree, top of his class, with broad anti trust and securities experience.
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White
U.S. Senate
Bob Krueger
Senate
Treasury
Lloyd Bentsen
Texas
Ann Richards
Bentsen
Harvard University
University of Texas School of Law
DOE study outlines cost savings from non-nuclear consolidation
Consultants say the plan would not raise risks and could save between 1.5 billion and 3 billion dollars if fully carried out. The non-nuclear restructuring would cost up to 1,000 jobs at Mound 400 to 500 at the Pinellas plant and 500 to 700 at Rocky Flats.
MENTIONED IN THIS ARTICLE
SRS
Department
DOE
Mound
Pinnellas
Clearwater
Fla
Rocky Flats
Denver
Colo
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