Consumers pile on debt as credit card charges surge
Debt growth in consumer installments accelerates to an 18.7 percent annualized rate as March to May sees more than $10 billion added monthly. Visa charges rise 22 percent to $240 billion in the year ending March, while cardholders face average balances near $1,700. Experts warn if rates rise, spending could stay strong but risk higher pain later.
MENTIONED IN THIS ARTICLE
Mericans
Ruth Susswein
Bankcard Holders of America
Salem
Federal Reserve
Gary R. Thayer
A.G. Edwards & Sons
Thomas A. Layman
Visa USA
Visa
Louise Shaler
Ms. Shaler
Pennsylvania State University
Robert McKinley
RAM Research
Frederick
Ms. Susswein
Market quote tease for AE and MELE in Journal-World
The Saturday Journal-World promises a complete market wrapup with the latest stock quotes for AE and MELE. Readers are urged to watch the edition for full details and performance insights.
MENTIONED IN THIS ARTICLE
Journal-World
Local grain and livestock quotes from multiple markets
Morning market notes list Midland Elevator prices for wheat corn milo and soybeans and detail Friday quotes from Omana Nes St Joseph and Dodge City with hogs cattle and sheep results, plus Kansas City and New York metal prices and interbank rate references. Entities include Midland Elevator Omaha St Joseph Dodge City Kansas City New York Commerce Bank and various commodity terms.
MENTIONED IN THIS ARTICLE
Midland
Omana
Nes
Usba
Omaha
House approves expansive banking bills and aid to distressed areas
The House passed a broad pair of banking measures including repealing interstate banking limits to spur consolidation and authorizing 382 million dollars over four years to expand lending in inner cities, rural areas, and Indian reservations.
MENTIONED IN THIS ARTICLE
House
TWA to lay off 500 at KC base in new cuts
TWA says it will eliminate 500 jobs now at Kansas City's overhaul base and up to 2,800 more worldwide within a month, totaling about 13 percent of its global workforce. Spokesman Don Fleming notes initial cuts hit the base and a further round will affect the base again. IAM union members make up about 13,000 of the 25,000 employees, so layoffs will affect the union proportionally. The KC base will bear most of 80 cuts in U.S. reorganization ranks.
MENTIONED IN THIS ARTICLE
Kansas City
TWA
Don Fleming
IAM
Machinists Union
Fleming
U.S
Kansas cities compete for Cessna final assembly site
Lawrence officials push to join Wichita Pratt Hutchinson and Topeka among cities courting Cessna Aircraft Co. for a new piston powered planes final assembly plant. Cessna seeks 300000 sq ft, 40 to 50 acres, 500 to 900 workers, with production to begin 1996 and a Dec 1 location schedule.
MENTIONED IN THIS ARTICLE
Kansas
Cessna Aircraft Co
Clinton
Cessna
Wichita
Pratt
Hutchinson
Topeka
Newton
Parsons
Bill Martin
Lawrence Chamber of Commerce
Lawrence
Martin
Lawrence Chamber
Arkansas City
Denver to open new airport with belt system start
Denver abandons high tech baggage hauler after costly failures. City will use an ordinary conveyor belt system costing about 50 million to finally open Denver International Airport while technicians repair the 193 million computerized baggage system that has left the airport closed for 10 months.
MENTIONED IN THIS ARTICLE
Denver
Denver International Airport
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