Strong February jobs data reshape economic outlook
Economists praise the surprise lift in employment with 400,000 more workers than expected and note a weaker housing market. They see no recession, anticipate rising incomes boosting growth, and highlight unemployment as politically influential while wages edged down to 9.12 dollars per hour.
MENTIONED IN THIS ARTICLE
Donald Straszheim
Merrill Lynch
Straszheim
Allen Sinai
The
Boston Co
White House
George Bush
Meese Pipeline Inquiry Ties Wallach to Wigg and Rappaport
Meese said Wallach did not recall a conversation with Wigg about the pipeline but if it occurred it concerned finding a resourceful investment adviser. Wallach and adviser Chinn face racketeering charges in New York for a Wedtech bid influence scheme. Rappaport cooperates, proposed Israel guarantees and a $400 million insurance package, and profits from Iraqi oil. The 1985 NSC meeting involving Rappaport and Wallach followed Meese’s May briefing to McFarlane. the project collapsed amid falling oil prices and NSC resignations.
MENTIONED IN THIS ARTICLE
George Walker
Wallach
Wigg
Meese
W. Franklyn Chinn
McKay
Chinn
New York
Wedtech Corp
White House
U.S
Bruce Rappaport
Rappaport
Iraq
Jordan
Israel
NSC
Bechtel Group
National Security
Robert McFarlane
McFarlane
John Poindexter
Postal rate changes proposed by rate commission
The rate commission recommends a 2 cent cut for pre paid business reply envelopes but hikes most first class rates. Additional ounce postage climbs to 20 cents, post cards to 15 cents, overall first class up 14.7 percent. Second class rises about 18 percent while third class jumps 25 percent. Third class minimum increases from 12.5 to 16.7 cents. Non profit advertising mail minimum rises to 8.7 cents. A new Earth non denominated stamp will be issued as first class moves to 25 cents.
MENTIONED IN THIS ARTICLE
Rate Commission
Postal Service
Panamanian government fights fund freeze amid liquidity crisis
Panama sends a team of lawyers to New York to contest an injunction freezing about 50 million dollars held in four banks while a U S move to freeze 78 million in canal payments looms. Citizens fear cash shortages as banks suggest withdrawals may be limited. A clothing store manager notes cash is saved for food as crowds gather outside Citibank in Panama City.
MENTIONED IN THIS ARTICLE
New York
Panama Canal
Noriega
U.S
Panama
Citibank
Via Espana
Financial District
Linn County fairs face cut in county funding next year
The All-Iowa Fair at Hawkeye Downs Cedar Rapids will receive 20000 from the county, down 24550 from this year, while Linn County Fair in Central City gets 16000, down 2000. Budget hearings on March 14 could adjust totals. Fair leaders discuss higher gate fees and reduced premiums to fit the budget.
MENTIONED IN THIS ARTICLE
Dick Hogan
Garette
Linn
Hawkeye Downs
Cedar Rapids
Linn County
Central City
Bill Weber
Board of Supervisors
Weber
Leon Soukup
Soukup
Also Mentioned on This Page
Bureau of Labor Statistics
David Wyss
Data Resources Inc
Lexington
Mass
Blairs Ferry Rd
Council St
McDonald’s
America
1St Ave
Williams Blvd
6Th Ave
Marion
33Rd Ave
Dry Creek Lane
2Nd St
Duta Etearl
USA
Great Gazette
Iowa
Gazette
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