Fed likely to loosen credit as recession fears rise
Federal Reserve officials gather for two days of closed meetings on monetary policy after warning that looser credit could lower fixed rates and consumer loans before summer. Analysts expect the Fed to ease to sustain the aging recovery, with Greenspan due to report July 20.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve
Fed
Robert Dederick
Northern Trust Co
Chicago
Federal Open Market Committee
Federal Reserve Board
Fed Bank
Alan Greenspan
Central Bank
Congress
PRI Concedes Baja California Governor Race Loss
The Institutional Revolutionary Party accepts defeat in a Baja California gubernatorial race won by PAN candidate. Luis Donaldo Colosio confirms results from the party's national executive committee, marking PRI’s first losses in key state elections since 1929. A Salinas de Gortari spokesman notes the de facto concession.
MENTIONED IN THIS ARTICLE
Mon Lly
Institutional Revolutionary Party
Luis Donaldo Colosio
National Action Party
PAN
Baja California
PRI
Michoacan
Mexico City
Carlos Salinas de Gortari
Colosio
China breaks corruption cases in Beijing crackdown
China announced major arrests and confessions in a sweeping anti graft drive targeting Beijing officials. Reports say officials defrauded work units and took bribes as the Communist Party pushes to purge wrongdoers and curb protests linked to a seven week movement.
MENTIONED IN THIS ARTICLE
Beljing
China
Beijing
Communist Party
Prcy
Address Change Notice from Post Office Stands in 50608
Fragments indicate a postal address change notice issued by a post office. The readable text mentions a P O box and a New address, with postal assistant or postmaster handling the change.
MENTIONED IN THIS ARTICLE
Aten Communeatons
Role Models urged to curb drugs among professionals
Drug czar William Bennett calls on doctors and lawyers to control drug use and supports drug testing by firms if abuse exists. He argues high-status professionals must set standards, while AMA and ABA stress treatment over credential actions.
MENTIONED IN THIS ARTICLE
Washington
William J. Bennett
Bennett
Bennet
Nespito
American Medical Association
American Bar Association
Bryant Galusha
Fort Worth
ABA
Robert Raven
AMA
James H.sammons
Office of National Drug Control Policy
The
Raven Nor
Sammons
Rain Soaks East Heat Roasts West Across Nation
Rain drenched the East with flood warnings across eight states while the West faced scorching heat after Independence Day records. Thunderstorms flooded roads from the Atlantic to the Gulf. in Tennessee and Pennsylvania rainfall totals spiked. Four feet of water closed Highway 9 in Louisiana. Blythe California hit 121 degrees with Phoenix reaching 118 in a hot spell that tied/ set multiple records.
MENTIONED IN THIS ARTICLE
North Dakota
California
Atlantic
Gulf Coasts
Hamilton County
Tenn
New Paris
Grandfather Mountain
North Carolina
Arts of
North
South Carolina
Tennessee
Georgia
Ohio
Maryland
Virginia
Pennsylvania
Louisiana
Highway 9
Campti
Creston
Mississippi Valley
Plains
Blythe
Calif
Phoenix
Tucson
Ariz
Jamestown
N.C
Laramie
Wyo
Duluth
Minn
Salt Lake City
Appalachians
Mississippi
Minnesota
Fire Damage Surveyed By Residents
In Hacienda Heights residents returned to their canyon neighborhood after a wind driven fire leveled 13 homes and caused about 4.3 million dollars in damage. Firefighters contained the blaze and about 200 crews were sent to a 100 acre Santa Ana Canyon fire. Looting arrests were reported as residents surveyed loss and many found personal records destroyed.
MENTIONED IN THIS ARTICLE
Hacienda Heights
Calif
Canyon
Los Angeles County Fire Department
Joe Silva
San Bernardino National Forest
Santa Ana Canyon
Los Angeles
Colorado
Utah
Wyoming
New Mexico
Hadenna Heights
Silva
Gorbachev Visits France Seeks Europe Unity and Peace
In Paris on a senior visit, Mikhail Gorbachev urged Europe toward unity and a balance of real interests. He spoke at a gala hosted by President Mitterrand, stressed post war shifts, and visited Place de la Bastille amid historic crowds.
MENTIONED IN THIS ARTICLE
Paris
Mikhail S. Gorbachev
Kremlin
Europe
Gorbachev
Francois Mitter- Fane
Asia
Six Perish In Louisville House Fire
Six youngsters aged 9 to 14 died in an early morning Louisville fire that investigators say may have been sparked by a candle or smoldering cigarette. The home had no adults present and electricity was shut off for overdue bills. A malfunctioning smoke detector and nonworking batteries were cited as factors.
MENTIONED IN THIS ARTICLE
Louisville
Mike Brown
Louisville Fire Department
Henry Ott
Ott
Chuck Randall
Louisville Gas & Electric Co
Brown
Maj
Dayle Forthey
Also Mentioned on This Page
By the
Bakker
Charlotte
PTL
Jim Bakker
David
James Taggart
Cartier
New York
Richard Dortch
Dortch
Chavez
ST. Paul
United Mine Workers
Pittston Coal Group Inc
United Farm Workers
Cesar Chavez
West Virginia
Kentucky
UMW
Aiken
Aiken Standard
Rutland Drive
P.O
Aiken, S.C
Aiken Standard - Pbm
Frese
van O'Neal
Volkswai
Iated Press
Ing
George Podunovich
Sammy Wigington
Paul Lukather
Lukather
France
Corby
Corbyn
West Germany
Mary- Louise Medir
Donald Cummins
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