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Newspaper
Aiken Standard
Location
Aiken, South Carolina, United States of America
Date
Jan 03, 1988
Page
23
Local financial institutions in Aiken County publish new auto loan rates for buyers. Banks and credit unions are offering varied terms with online and in person applications.
Christina Johannning and George Burgess report that area merchants enjoyed a strong Christmas season with over 20 percent gains at J.B. White and about 15 percent at Belk in North Augusta. Shoppers favored local stores, focusing on apparel, gourmet foods, chocolates, and stemware while big malls saw less foot traffic. Store openings and promotions helped, though some retailers called 1987 only average to good.
Ryan Security and Computers on Silver Bluff Road opened December 9 offering ACER computers, burglar and fire alarms, security systems, telephones, car stereos, radar detectors, and novelty phones including piano and teddy bear models. The store provides on site installation, training, and warranties of four months on-site and eight months on items sold. Randy Ryan, USC Aiken graduate, leads the business expanding from Ryan Security eight years ago to include computers and software for education and business use.
President Reagan's economic chief Beryl Sprinkel warned 1988 will bring somewhat restrained growth due to the stock market crash and higher rates. He forecast 2.4% GNP growth, 4.3% inflation, and unemployment near 5.8% with no recession through 1993, while boosting exports and job creation under cautious policy.
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