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Lawrence Journal World in Lawrence, Kansas

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This newspaper page contains 8 articles. Subscribers can read the full text of each article.

Newspaper

Lawrence Journal World

Location

Lawrence, Kansas, United States of America

Date

Jan 24, 1994

Page

2

Adam Smith Defenders Reframe the Father of Economics

Analysts argue Smith is not a laissez faire idol but a nuanced thinker whose ideas on self interest and the common good shaped liberal and conservative thought alike. They cite his sympathy for public works and taxation of luxury to aid the poor, and his defense of national defense as a government priority.

Adam Smith Reagan Smith James Buchanan George Mason University Robert Nozick Harvard Gordon Gekko Wall Street Church University Empire Paul Samuelson MIT Eamonn Butler Adam Smith Institute London

Stocks of local interest update note

Local stock interest brief notes that a market wrapup will be published in Saturday's Journal-World after dialing the local quote lines for the latest figures.

Journal-World

Midland Elevator Midland Wheat and Livestock Quotes

Morning market notes from Midland Elevator Lawrence list wheat at 3.67 a bushel, corn 2.88, milo 4.71 and soybeans 36.78. Osana Nea markets show Monday quotes for hogs and cattle with mixed price declines and gains across U S hogs, sows, cattle and calves, with steers and heifers varying by weight and grade.

Midland Lawrence Osana Nea Omaha U.S

U S presses Japan for concessions in trade talks

U S Treasury Secretary Lloyd Bentsen warned Japan Sunday that failure to concede in framework trade talks could push Washington to pursue other measures to address the large trade imbalance. He met with Prime Minister Hosokawa and Finance Minister Fujii in Tokyo with a personal message from President Clinton noting limited progress over six months. Debut Chey vd Kassias feedlot sales show very slow demand with few slaughter cattle confirmed.

Tokyo Treasury Lloyd Bentsen Washington United States Japan Bentsen Morihiro Hosokawa Hirohisa Fujii Clinton Kassias

Theory: Interest rates to stay low Bond market retreat is a myth

The article reports that a minority of economists believe rates will keep falling, defying consensus. Despite a decade of declines and a modest rise in rates, these analysts argue room remains for further decreases, predicting long-term yields could fall toward 4 percent on 30-year Treasuries before 2000.

Wall Street Treasury Richard Hokenson Donaldson, Lufkin & Jenrette Securities Corp Mitchell Held Smith Barney Shearson Inc Hokenson U.S Held

Bond bulls forecast 4 percent 30-year Treasury yield by 2000

Economists challenge fears of rising rates arguing inflation remains tame and demand for long bonds stays firm. Hokenson foresees 4 percent 30-year yields by 2000 while Held and Yardeni caution that Fed tightening is unlikely before inflation cools further.

Lease change won’t alter Riverfront Plaza operations

The Riverfront Plaza lease will be assigned to Chelsea GCA Realty Partnership in a formal consent item. City approval is required due to industrial revenue bonds issued for the mall, which opened in 1990. Chelsea GCA Realty is the merger of The Chelsea Group and Ginsburg Craig Associates and trades on the NYSE. The mall’s management remains unchanged. only the lessee name shifts.

Riverfront Lawrence Riverfront Plaza City of Lawrence City Hall Chelsea Gca Realty Partnership Michele Rothstein Chelsea Gca Realty Chelsea Group Rosemont N.J Ginsburg Craig Associates Newport Beach Calif David Longhurst Riverfront Plaza Rothstein Tanger Factory North Lawrence East Lawrence Kansas Turnpike Chelsea New York Stock Exchange

Tokyo stocks plunge on political turmoil fears

Japanese shares tumbled as political turmoil fueled by Morihiro Hosokawa's electoral reform setback spooked investors. The Nikkei 225 fell 954.19 points to 18,353.24 amid one way selling, with March futures unable to start, while overseas markets echoed the decline.

Tokyo Robert Sasaki Jardine Fleming Securities Morihiro Hosokawa London

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