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Aiken Standard in Aiken, South Carolina

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Newspaper

Aiken Standard

Location

Aiken, South Carolina, United States of America

Date

Oct 16, 1990

Page

3

Nobel Prize Winners Honored For Economic Theories

The Nobel Academy cited Markowitz of Chicago for pioneering portfolio choice theory in the 1950s, Miller of Boston for corporate finance innovations and firm valuation, and Sharpe of Cambridge for applying Markowitz ideas to price formation in financial assets.

Markowitz Chicago Miller Boston The Academy Franco Modigliani United States Sharpe Cambridge Mass

County eyes flood control plan for Wise Hollow basin

Councilman Brodie outlines a flood containment plan for the Wise Hollow drainage basin. Projections call for extensive storm drains and a 30 acre detention pond to relieve flooding in Bonnieview Estates Woodwardia Glen and College Acres. The effort follows a Corps of Engineers briefing and a bipartisan delegation visit.

Wise Hollow Powderhouse Road Brodie Bonnieview Estates Woodwardia Glen College Acres Aiken Glen Bonnieview Helow

Proposed federal cuts would raise bills for patients and farmers

The plan holds Medicare reimbursements below inflation, prompting higher costs for patients. Farm subsidies would fall 15 percent per eligible farmer starting 1992, with a revised payment formula. Veterans lose automatic disability status at 65 and pay $2 for government prescriptions. The Guaranteed Student Loan program would cap new loans for about 3 million students.

Tax plan shifts burden, taxes rise for high earners

The Joint Committee on Taxation says 1,000 schools show over 35 percent loan default rates while the House plan raises taxes on most Americans except the poorest. Under the proposal those earning over 200 thousand face a 7.4 percent rise. those under 20 thousand see a small cut.

Congress Joint Committee On Taxation

Also Mentioned on This Page

Harry Markowitz Merton Miller William Sharpe Corps of Engineers U.S Butler Derrick Nancy Thurmond Kalmia Mall J. Hudson Silver Bluff Rd Aiken, SC Goody Goody's Famous Maker & Memphis Junior Twill & Canvas Pants Orig Aikenny Plaza Ood Centerwood Drive Augusta Ge Plaza Center Jnininy Jones Monty Bates Pires Mason Royal Reynolds
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