Greenspan Signals Possible Further Rate Cuts
Federal Reserve Chairman Alan Greenspan told the Senate Banking Committee that 2 percent GDP growth early this year is not enough to lower unemployment, signaling possible further rate cuts to sustain expansion. Economists view his comments as indicating accommodative policy at least until growth nears 3 percent and the jobless rate falls from 7.3 percent, a 64 year high.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve
Alan Greenspan
Greenspan
Senate Banking Committee
Bush
Fed
Robert G. Dederick
Northern Trust Co
Chicago
Dederick
David Seiders
National Association of Home Builders
Good Friday Observances Mark Holy Week Worldwide
Tens of thousands of pilgrims join Good Friday processions in Jerusalem amid Arab unrest and Gulf War effects. The Religious Affairs Ministry records about 40 000 Christians attending Holy Week events, triple last year.
MENTIONED IN THIS ARTICLE
Jerusalem
Religious Affairs Ministry
John Paul II
John Paul Colosseum
Rome
Poland
Germany
Angola
Pass
Easter Sunrise Service Set in Hopeland Gardens
The Greater Aiken Ministerial Association sponsors an Easter Sunrise Service in Hopeland Gardens on Whiskey Road. The Rev. Bobby Morrow associate pastor of First Baptist Church in Aiken will deliver the message. The public is invited to attend.
MENTIONED IN THIS ARTICLE
Greater Aiken
Jews Begin Weeklong Passover Celebration in Israel
Jews worldwide start a weeklong Passover with sundown services. For over 140,000 Soviet and Ethiopian immigrants celebrating their first Passover in Israel, the holiday marks personal emancipation as new arrivals join seder gatherings in more than 100 community centers. Absorption Minister Peretz urges host families and the ministry runs a hot line. Israel distributed 150,000 Hag Hendot in Russian and Amharic for the seder.
MENTIONED IN THIS ARTICLE
Egypt
Israel
Hanna Zilegov
Moldova
Jerusalem
Soviet Union
Yitzhak Peretz
Ethiopia
Death notices invite calls at 648-2311
Brief notice requests readers to report condolences or information on deaths, instructing to call 648-2311 for submissions or inquiries.
March housing surge signals steady economic rebound
U.S. construction of new homes and apartments rose 6.4 percent in March to 1.37 million units, the highest in two years. Economists warn March overstates strength due to multi family gains, while single family starts fell 2.7 percent. Mortgage rates edged down after the Fed’s rate cut, with fixed mortgages averaging 8.76 percent.
MENTIONED IN THIS ARTICLE
Washington
U.S
Federal Reserve
Alan Greenspan
David Berson
Federal National Mortgage Association
Fed
Federal Home Loan Mortgage Corp
David Seiders
National Association of Home Builders
Lawmakers Refuse Back Kremlin Accords in Russia
Russian lawmakers rejected proposed arms control pacts and other Kremlin accords as a showdown with Boris Yeltsin looms. The Communist led parliament may seek a second vote before the Congress of People's Deputies ends, risking renegotiation of treaties including the 1991 START. A separate vote on changing the constitution’s preamble to drop Soviet references also failed amid protests from non Russian regions. The body approved naming the country Russia and the move to a new federation name.
MENTIONED IN THIS ARTICLE
Moscow
Kremlin
Boris Yeltsin
Russia
Yeltsin
Soviet Union
People’s Deputies
Washington
Congress of People’s Deputies
Congress
Commonwealth of Independent States
Supreme Soviet
Russian Federation
Also Mentioned on This Page
Pope
The
Associated Press
Church of the Holy Sepulcher
Christ
By Scott Webster
Barbara Richner
Eulalie Salley & Co. Realtors
Union
Eesesesesas
Sveiaitens
Eeemenensen
Iceeesseee Geeaceniua
Cees
Catherine Holmes
Aiken Rey
Frederick Martin
North Charleston
Johnny McKinney
Aiken
Adelle Porter
Williston
Lee
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