GDP slows as household demand drags growth in Q2
Government figures show GDP at a 14 percent annual pace in the April to June quarter, a sharp slowdown from 2.9 percent in Q1, driven mainly by weaker consumer spending. Housing and commerce data reveal June new home sales up 7.9 percent, led by the Northeast and West, while the Fed trims the discount rate to 3 percent amid easing rates and hopeful housing gains.
MENTIONED IN THIS ARTICLE
Washington
Merce Cent
Greant Bush
Housing and Commerce Ents
Federal Reserve
Timmerman dealerships close in Aiken amid bankruptcies
Timmerman Nissan and Timmerman Chrysler Plymouth Dodge have ceased operations in Aiken after Chapter 11 cases were converted to Chapter 7 liquidation for the Chrysler unit and dismissal of Nissan’s filing. Chrysler Credit Corp seeks asset seizure after missed reports, while Nissan faces a murkier future with unpaid creditors and disputed actions.
MENTIONED IN THIS ARTICLE
Timmerman Nissan
Timmrman _ Chrysler
Plymouth Dodge
Aiken
Chrysler
Timmerman
Nissan
U.S
Cota
Nis
Timmerman-Chrysler-Flymouth
Dodge
Chrysler Credit, Corporation
Buzhardt
Senate Hopes To Restore Popular IRAs
The Senate Finance Committee backed a broad tax measure to restore popular tax deductible retirement accounts and offer incentives to create jobs in inner cities and rural poverty areas. The plan would cut more than 30 billion dollars in taxes over five years while raising the same amount elsewhere and could reach the Senate floor next week after House passage.
MENTIONED IN THIS ARTICLE
Washingson
Senate Finance Committee
Bush
Senate
House
Textile PACs Donate Big to Candidates in 1991-92
Federal records show textile industry political action committees gave over 375 thousand dollars to 381 candidates in the 1991-92 cycle. ATMI led with 105,675 dollars to 59 Democrats and 38 Republicans, while Hollings and Fowler each received 5,000 from ATMI. several regional and company PACs also operated, including Easley Manufacturing, Arkwright Mills, and Inman Mills.
MENTIONED IN THIS ARTICLE
Washington
Representtiny
American Textile Manufacturers Association
Federal Elections Commission
ATMI
Ntional Trade Association
Northern Textile Association
The
Textile Machinery Association
South Carolina
Easley
Alice Manufacturing Company, Inc
Spartanburg
Arkwright Mills
Inman Mills
Inman
Enoree
Hoechst Celanese Corporation
Pac
Ernest F
Fritz) Hollings
D-S.c
Wyche Fowler
D-Ga
Hollings
Sen. Hollings
Community message line with voter notes and contacts
Readers are invited to call with story ideas at 648 231. The notice lists names Mary Burton Tage Spring Kenneth Rosier Beatrice Staley Wagoner Hubert Thompson Sr Beech Island Mattie Weadon Aiken Jessica White West Columbia Terrel White Linden N C Earl Womack Johnston for possibly coordinating local coverage or tips.
MENTIONED IN THIS ARTICLE
Mary Burton
Tage Spring
Kenneth Rosier
North Augusta
Beatrice Staley
Wagoner
Hubert Thompson Sr
Beech Island
Mattie Weadon
Aiken
Jessica White
West Columbia
Terrel White
Linden
N.C
Earl Womack
Johnston
AIDS Commission Defers Health Worker Testing Policy
The National Commission on AIDS recommended against mandatory HIV testing for health care workers and said infected doctors and nurses should not be obliged to disclose their status to patients. It argued public fear is misplaced and that policies should focus on reducing real risks rather than presumed ones.
MENTIONED IN THIS ARTICLE
Washington
National Commission On Aids Today
Florida
Commission
David Acer
Kimberly Bergalis
Federal
Centers For Disease Control and Health
Acer
First-Time Jobless Claims Decline To 21-Month Low
Washington reports 400000 Americans filed first time unemployment claims in the week ending July 1 the lowest in 21 months. Labor Dept notes a 21000 drop from 421000 the prior week, with earlier weeks showing 382000 in October. Economists had expected around 415000.
MENTIONED IN THIS ARTICLE
Washington
Labor Department
Also Mentioned on This Page
Philip Lord
San
Joseph F. Buzhardt II
Chrysler Credit Corporation
Syeeting
Offair
Steven W. Romig
Columbia
Timmerman Nissan Dealership
Aiken- Augusta Highway
Congress
White House
Los Angeles
Lloyd Bentsen
Texas
Finance Committee
Bob Packwood
Pease
Aiken Standard
Aiken County
Sharyn Wizda
States News Service
Horosex
Uaybal USA Tit Span Boxing
Dedy
Roan Incom
Rowegontas
Sonic Gsb
United States
China
Germany
Japan
Sweden
South Korea
Beta Briain Romani
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