Productivity surge powers growth amid mixed retail results
Americans posted the strongest productivity gain in nearly five years with output per hour rising 4.1 percent in the third quarter, revised from 4.5 percent, fueling hopes of faster growth and lower inflation. Separately, retailers reported uneven November sales, unemployment claims fell to 303,000, and manufacturing led with a 9.3 percent productivity jump, the largest in 15 years.
MENTIONED IN THIS ARTICLE
Washington
Labor Department
Stuart G. Hoffman
PNC Bank Corp
Pittsburgh
Federal Reserve
Lynn Reaser
Barnett Banks Inc
Jacksonville
Fla
Wall Street
James Glassman
Chase Securities Inc
New York
Government seeks delay of ruling on milk pricing
Washington AP United States government asks 8th Circuit Court of Appeals to block District Judge Doty’s order halting most of the national milk pricing system. Hearings set in Minneapolis as dairy farmers worry about reduced November payments and a broader reform plan pending from the Agriculture Department.
MENTIONED IN THIS ARTICLE
Washington
Justice Department
Agriculture Department
8Th
U.S. Circuit Court of Appeals
Minnesota
U.S
David Doty
Doty
National Milk Producers Federation
Chris Galen
Minneapolis
Galen
Milk Producers’ Board
Colleges urged to cut expenses examine tenure
Washington AP report says the National Commission on the Cost of Higher Education urged colleges to curb expenses and publish cost and aid information. It questioned guaranteed faculty tenure and pushed for a mandatory retirement policy. The panel, formed by Congress, released recommendations after four months amid tuition cost growth and rising education costs.
MENTIONED IN THIS ARTICLE
Washington
National Commission On the Cost of Higher Education
Congress
White House
House Education Committee
Bill Goodling
R-Pa
Commission
Abortion Rate Drops to Two-Decade Low in 1995
The CDC reports 1995 abortion rate fell to 20 per 1000 women aged 15 to 44, the lowest since 1975, down from 21 in 1994. Explanations cite fewer clinics in rural areas and rising births, with uncertainty about unintended pregnancy trends.
MENTIONED IN THIS ARTICLE
U.S
Atlanta
Centers For Disease Control and Prevention
Sup
CDC
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