Fed weighs another rate cut as economy shows uneven recovery
The Fed may cut the federal funds rate from 3.75 to 3.50 percent within weeks after cutting rates 16 times since July 1990. Analysts expect a new small cut at the next meeting of the Federal Open Market Committee, with official action likely in early July or after June data. Economists cite weak, uneven growth and a 7.2 percent unemployment rate as factors guiding the potential move.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve
Fed
Saet
David Jones
Textiles On Slow Recovery In South Carolina
South Carolina textile executives express uncertainty about profits despite positive 1991-92 shipment trends. Milliken & Co and Jackson Mills leaders cite volatility and unclear recession status while analysts note a plateau in orders. After‑tax earnings for the industry rose in late 1991, yet overall recovery remains modest and selective.
MENTIONED IN THIS ARTICLE
Greenville
South Carolina
Roger Milliken
Milliken & Co
Spartanburg
Butch Harris
Jackson Mills
Wellford
Ivas
Harris
U.S. Commerce Department
George Wine
American Textile Manufacturers Institute
South Carolina Textile Manufacturer's Association
Sea Island
Roger Thompson
Springs Industries Inc
Fort
Thailand Kim uprising tightens grip amid deadly clashes
Bangkok reports say hundreds of protesters remain at a downtown bridge as troops fire, baton blows and arrests surge. At least 21 demonstrators are dead and thousands jailed while Suchinda Kraprayoons government defends force to root out Marxists amid Thailand’s crisis. Supreme Commander Kaset Rochananis signals more warrants.
MENTIONED IN THIS ARTICLE
Bangkok
Thailand
Chao Phraya
Suchinda Kraprayoon
Suchinda
Kaset Rochananis
Thai pro democracy leader Chamlong arrested as emergency declared
Chamlong Srimuang a reformist leader was among hundreds detained after Suchinda declared a state of emergency in Bangkok. Protests spread to at least seven other areas including Chiang Mai Khon Kaen and Hat Yai. In Bangkok many shops and foreign firms shut amid fears of further violence.
MENTIONED IN THIS ARTICLE
Chamlong Srimuang
Suchinda
Chamlong
Chiang Mai
Theorth
Khon Kaen
Hat Yai
Bangkok
Teacher Pay Hikes Tied to State Funding in SC
Rock Hill and Lexington districts urge raises for teachers only if the state funds them. Local taxes would rise or budgets cut otherwise, as proposals differ between the House and Senate. Districts warn without state support, property taxes would increase to cover higher salaries.
MENTIONED IN THIS ARTICLE
Rock Hill
Joe Gentry
Senate
Mnntlion
House
Paul E. Risinger
Lexington
Risinger
Lexington County
Phil Kelly
Anne Suite
South Carolina School Boards Association
Suite
Wes Hayes
D-Rock Hill
School Bond Referendum Still Alive Says Blue Ribbon Panel
The blue ribbon panel led by Timothy Dangerfield says the school bond referendum has not been lost or discarded. They narrowed expenses and completed revisions but have not yet presented the updated plan to the administration or school board. The district has not officially received the new information.
MENTIONED IN THIS ARTICLE
Timothy Dangerfield
Call for News Tips at 648 2311
A request invites readers to share news leads by calling 648 2311. The brief urges community tips and local informants to help report on happenings. No further details are provided.
Lawrence Welk dies at 89 in Santa Monica
Laurence Welk the cheerful Champagne Music Band leader died of pneumonia at his Santa Monica home aged 89. The Lawrence Welk Show defined a generation with ah one an ah two and wunnerful wunnerful phrases becoming part of national speech. The North Dakota native toured 25 years before a Los Angeles TV debut in 1951 and after 16 years on ABC the show was syndicated until 1982 with 1 542 performances.
MENTIONED IN THIS ARTICLE
Los Angeles
Lawrence Welk
Welk
Santa Monica
Bernice McGeehan
North Dakota
ABC
United States
Canada
Also Mentioned on This Page
War Eagles
The
S.C
Associed Press
Key Bridge
Hailand
Araiance
Texas
Asia
Suchinda Kraprayo
Bumonedi
Mir
Word Factbook
WordArmanac
Siated Press
Cindigulofuss
Cryptoquote
Abby
Erma Bombeck
Lea M. Byers
Aiken
Gladys K. Cockrell
Monetta
Mary Withers
Warwick, Ga
Wunnerful
Ated Press
Bobby Burgess
RFUL
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