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Newspaper
Lawrence Journal World
Location
Lawrence, Kansas, United States of America
Date
Mar 16, 1994
Page
3
A digest of 1993 tax changes shows the middle class face little tax rise while high earners shoulder more. Key points include standard deduction increases, adjusted brackets to curb inflation, Social Security tax refunds for overpaid filers, and rules for retirees, home buyers, proof of payments, and capital gains.
Fannie Mae plans to boost lending to minorities immigrants and renters by 140 billion dollars over seven years raising total targeted lending to one trillion dollars by decade's end. The push includes outreach via mailings and broad media campaigns to renters and inner city residents.
Local stock notes preview for the market wrapup in Saturday's Journal World. Mentions a forthcoming complete market roundup and quotes to watch for. Promises coverage of key movers and price changes in the regional market.
Morning round up shows Midland Elevator in Lawrence listing wheat at 3.39 a bushel, corn 2.74, milo 4.43 and soybeans at 6.87. Omaha Livestock Market and St Joseph quotes cover hogs and cattle with varied weights and prices. feeders, barrows, gilts, and steer and heifer prices noted.
U S banks posted a record 43.4 billion in 1993 earnings, up 36 percent from 1992’s 32 billion. In Q4 earnings reached 11.1 billion, near the 11.5 billion quarterly peak set in Q3.
Kansas University associate professor Dennis Rosen will study how consumers use Yellow Pages to choose businesses in a partnership with Sprint Publishing & Advertising Inc. The research, covering 280 directories in 19 states, will examine category headings time pressure and color effects on decisions, with data gathered across several cities and mall interviews to broaden beyond student surveys.
Washington AP reports U S housing starts rose 4.1 percent to a 1.31 million annual rate in February after storms and an earthquake stalled construction. The Northeast led gains with a 1.2 percent rise while the South advanced and the Midwest and West fell. Economists warn mortgage rates have climbed about three quarters of a percentage point in six weeks.
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