Taxes reshape American family life and work patterns
Higher taxes drive lifestyle changes as families need two incomes to cover Uncle Sam’s rising tab. Experts note tax burdens fell on savings, with wage income taxed differently than dividends and interest. Analysts warn that after tax costs push savings low while home ownership may rebound by 2000.
MENTIONED IN THIS ARTICLE
Robert Rector
Rector
Conservative Heritage Foundation
Institute For Policy Innovation
Lewisville
Texas
Uncle Sam
America
Penn
Albert Sindlinger
Sindlinger
Harvard University
Joint Center For Housing Studies
Tax Foundation
Foundation
Arthur Hall
Hall
Dollar slides drive yen mark gains amid Fed inaction
The dollar fell sharply against the German mark and later the Japanese yen, marking a record low against Tokyo rates as the Fed held rates steady. Analysts warned further declines possible unless policy shifts emerge, while President Clinton defended not using the dollar as a trade instrument and declined to discuss rate changes.
MENTIONED IN THIS ARTICLE
Washington
Clinton
Federal Reserve
Wall Street
Local market wrapup teased for Saturday Journal-World
Local readers are promised a complete market wrapup in Saturday’s Journal-World. The note highlights upcoming coverage and value for investors and shoppers seeking detailed market insights.
MENTIONED IN THIS ARTICLE
Journal-World
Midland Elevator and Livestock Prices Across Markets
Morning market snapshot shows Midland Elevator quotes: Wheat 3.23, corn 2.25, milo 3.61, soybeans 6.12. Dana Nebraska and St Joseph Missouri reports list hogs, cattle, sheep futures with varied weights, prices, and steady or down trends. Nonferrous metals in New York and London markets cited with copper, lead, zinc, gold, silver, platinum quotes and interbank rate notes. Rates provided by Commerce Bank of Kansas City with contact info.
MENTIONED IN THIS ARTICLE
Midland Elevator
London
U.S
Comex
Handy & Harman
Commerce Bank of
Kansas City
N.A
Commerce Bank
T bill rates surge asTreasury auction hits three-year high
Washington AP reports short term Treasury rates rose in Mondays auction. Three month bills averaged 4.50 percent discount, six month bills 4.94 percent. In a separate Fed report one year Treasury yield rose to 5.49 percent from 5.47 percent previous week.
MENTIONED IN THIS ARTICLE
Washington
Treasury
Treasury Department
Federal Reserve
New car loan rates rise after long stretch low
A Labor Department economist says finance charges on new car purchases jumped 2.3 percent in April and 3.7 percent in May as the Federal Reserve raised rates, signaling the steepest rise since 1988. Despite higher charges, June vehicle sales remained robust with a 6.8 percent year over year increase. At Thomason Auto Group in Milwaukie, Oregon, finance rates rose to 7.75 percent from 7.25 percent in three months, lifting monthly payments by about four dollars on a $15,000 five year loan with no down payment.
MENTIONED IN THIS ARTICLE
Detroit
Labor Department
Federal Reserve
Patrick C. Jackman
Jackman
Thomason Auto Group
Milwaukie
Ore
J.A. Justice
Justice
Baillys Farm Supply to be renamed Orscheln store
CUT TASS store at 1541 E 23rd will operate as Orscheln Farm and Home this fall with remodeling planned. Diane Conklin said the Lawrence location will change in November as Orscheln expands. the Baillys chain was bought in 1969, Plainsman Supply in 1977, and the parent company now runs 74 stores.
MENTIONED IN THIS ARTICLE
Baillys Farm Supply
Orscheln Farm and Home
Diane Conklin
Orscheln
Moberly
Lawrence
Kansas
Baillys
Plainsman Supply
Also Mentioned on This Page
Ates
Greenback
Yen
Mark Dollar
Allen Sinai
Lehman Brothmen Otears
New York
Tokyo
Bonn
Acos
DIAL
Anch
Natl Pizza
Office Depot
Allied Sig
Enone
Applebee's O'Reilly Auto
Payless Cash
Buckle Inc
JC Penney
BIA Casey's
Pepsico
CommBancsh
Quaker
Dayton-Hud
Fleming
Sallie Mae
FMC Teereeee
Santa Fe
UtiliCorp
Lone Star Sticks
Wal-Mart
Western Res
May
Mercantile
Williams
Merck
Omaha Livestock
Dana, Nes
Usba
Omaha
St. Joseph Livestock
St. Joseph
N.Y
Canada
France
Germany
Great Britain
Italy
Japan
Mexico
Switzerland
N.Y. Times News Service
Kansas University
Institute For Public Policy and Business Research
UAL
United Airlines
Publix Supermarkets
Lakeland
Fla
Oren
Baw
Massachusetts
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