Economy Faces Slower Growth After Sharp Downturn
Economists cite limited improvement in the second half as the GDP for 1990 to 1991 shows a sharper contraction than thought. Revised figures place the downturn near the postwar average, with unemployment at an eight year high as consumer spending, exports, and housing lag while business investment and imports influence the quarterly gain.
MENTIONED IN THIS ARTICLE
Sung Won Sohn
Norwest Corp
Minneapolis
Ismal
Commerce Department
First-Time Jobless Claims Slip in Latest Week
Reports show initial unemployment claims around 410000 for the week ending July 18, down from 415000, with volatility noted. Analysts cite seasonal office closures during a holiday week and four week moving averages as a smoother labor market gauge, while most states report drops and a few see rises.
AIDS Testing Policy Sparks Debate On Health Care Risks
A commission concludes HIV transmission risks to patients are low and universal patient testing is too costly. It warns mandatory testing could drive infected providers from medicine, harming care access and potentially worsening epidemic responses. The panel notes patient fear may reduce seeking care.
MENTIONED IN THIS ARTICLE
Por
Focus
Senate plan keeps tax hike while expanding IRA deductions
The Senate plan would raise taxes on upper income earners by limiting itemized deductions and personal exemptions, tightening taxes on securities dealers and gamblers, and preserving quarterly estimated payments, while restoring IRA deductions for all workers. The proposal omits a capital gains tax cut and middle-income relief favored by Democrats and President Bush but would likely retain many workers eligible for IRA deductions, a shift from 1986 levels.
MENTIONED IN THIS ARTICLE
Oregon
Bush
Senate
Also Mentioned on This Page
Jackson Auguste
Bere
Crowder
Coward-Corley Seed Co., Inc
Aiken
Park Ave
Bible School
Town Creek Baptist Church
Town Creek
Snes
Zelda
Astercard
Resis MA
Augusta Wrightsboro Road
Augusta Mall
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