It pays to be a cheapskate in consumer culture
Social change in America elevates bargain hunting as normal. Discount pricing reshapes retail, finance, and real estate, aided by computers and media. Consumers now seek lower costs, while sellers push cut rates, boosting volume and undermining legacy brands. The inflation era shifted power to buyers, cementing frugal habits.
MENTIONED IN THIS ARTICLE
America
Cape Cod
Seymour Savings
Scrooge
Mark Skousen
Fourth quarter productivity at eight year high in 1993
U S workers productivity rose 6.1 percent in Q4 1993 at a seasonally adjusted annual rate, the strongest since 1986, boosting annual nonfarm productivity to 1.7 percent. unit labor costs fell 3.1 percent, marking the first quarterly cost drop since 1962, while output climbed 8.6 percent in Q4.
MENTIONED IN THIS ARTICLE
Washington
Labor Department
Merger Fits U S Strategy for Post Cold War Defense
The proposed Grumman Corp and Martin Marietta Corp merger aligns with Defense Department aims to preserve a smaller yet robust base of contractors. With Cold War winds down, Pentagon budgets shrink and consolidation becomes key, as Perry urges orderly industry realignment for affordable advanced tech and future flexibility.
MENTIONED IN THIS ARTICLE
Washington
Grumman Corp
Martin Marietta Corp
Defense Department
Pentagon
Defense
William J. Perry
America
Comany
Bill Perry
John M. Deutch
Martin Marietta
General Electric
Aerospace
General Dynamics
US consumer borrowing rises again with slower pace
The Fed reported January consumer credit up 6 billion, the eighth straight gain but at a slower pace than December. Borrowing grew at a 9.1 percent annual rate after 11.5 percent in December, drawing concern from analysts that policy isn’t tightening enough to curb inflation. Citicorp paid chairman John S. Reed a total 4.2 million for 1993, including a 3 million cash bonus and 1.2 million in salary and benefits, a 92 percent rise from 1992.
MENTIONED IN THIS ARTICLE
Federal Reserve
Fed
Open Market Committee
Citicorp
John S. Reed
Reed
Inck
General Dynamics
Atlas
Centaur
Lawrence CVB launches Retreats to lure meetings
The Lawrence Convention and Visitors Bureau introduces Retreats, a 16 page brochure mailed to about 600 meeting planners to attract small and large gatherings. CVB officials aim to grow Lawrence’s convention business, noting 1993 turnout exceeded 20,000 and bookings for 1994 already surpass 1993. A revised Visitors Guide and Events calendar also debuts to boost spring and summer promotions.
MENTIONED IN THIS ARTICLE
Lawrence
Judy Billings
CVB
McCabe
Mortgage index rises as T-bill rates advance
U S Treasury three month bills sold at 3.52 percent, up from 3.40. Six month bills at 3.75 percent, up from 3.61. Fed report shows one year T-bill yield rising to 4.16 percent from 4.01.
MENTIONED IN THIS ARTICLE
Washington
Treasury
Treasury Department
Federal Reserve
Local Stocks and Market Update Notice
Local stocks and stock market update information appears in the dial basis notice guiding readers to call 865-5000 for details and to watch for the complete market wrapup in Saturday's Journal World.
MENTIONED IN THIS ARTICLE
Journal-World
Local Market Quotes From Midland and Other Regions
Market reports list Midland Elevator Lawrence wheat 3.47 per bushel corn 2.76 milo 4.50 and soybeans 6.65. Omaha livestock quotations Tuesday include hogs 1-3 230-260 lbs 45.50-46.00 and cattle 600-1300 lbs with steers at 72.50-75.25 and heifers 72.50-74.50, no sheep. Kansas and Missouri notes show slow trade and mixed prices for slaughter steers and heifers. Nonferrous metals in New York spot prices include aluminum copper lead zinc tin gold silver mercury platinum, with rates from 8 a.m. Friday quotes.
MENTIONED IN THIS ARTICLE
Midland Elevator
Lawrence
Omaha
Oman
Nesap
Uspa
U.S
Dodge City
Handy & Harman
Comex
New York
N.Y
Mon
Also Mentioned on This Page
Consumer Watch
Dept. of
Labo
N.Y. Times News Service
Grumman
Benson
Caporali
Perry
Congress
Bethesda, Md
Bethpage, N.Y
Martin
J. Castello
Steve Sakson
Jurce, Martin Marietta
Uns
Allied Sig
Applebee's
O'Reilly Autorerety
Anch
Buckle Inc
Asavinees
JC Penney Eeeeenay
Casey's
Ssece
CommBancsh
Pepsico
Quaker
Dayton-Hudsonsaee
Fleming
Sallie Mae
Santa Fe
Sealright Goodyear Sears
Hercules
Sthwest B
Kmart
TRW Eseosovee
Kroger
Trinova
Labone
Syeneanie
Lone Star Sticks
UtiliCorp
Wal-Mart
Western Res
Mercantile An
Williams
Ithe
Merck
Woolworth
Edward D. Jones & Co
St. Joseph Livestock
St. Joseph
London
Commerce Bank of
Kansas City
N.A
Commerce Bank
Canada
France
Germany
Great Britain
Italy
Japan
Mexico
Switzerland
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