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News in Frederick, Maryland

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Newspaper

News

Location

Frederick, Maryland, United States of America

Date

Apr 09, 1988

Page

7

Americans Add $5.3 Billion In February Debt

The Fed reports February consumer debt rose at an annual 10.3 percent, with installment debt up by 5.3 billion after prior gains. Auto sales, tax cuts, and credit conditions drive spending, while mortgage rates edge higher and overall debt reaches 619.2 billion.

Washington Federal Reserve Sandra Shaber Wasington-based Futures Group Shaber Federal Home Loan Mortgage Corp

Repayment of debts less difficult

New York AP reports Americans borrow more while monthly repayments have not grown harder. Reasons include extended loan maturities especially auto loans, lower than late 1970s rates, and growth in home equity lines. Fed data show debt payments tracking income and most debt easing by 1986.

New York Federal Reserve Fed

Business schools critiqued by Porter and McKibbin

Two professors review 60 campuses and 10 000 surveys to find business graduates excel at numbers but lag in leadership and people skills. They urge diversification and a reconsideration of curriculum, suggesting a possible split of 25 percent business in undergrad, with broader liberal arts balance.

David Stockman Ronald Reagan Lyman Porter University of California At Irvine Mr. Porter Porter Lawrence McKibbin University of Oklahoma American Assembly of Collegiate Schools of Business Porter-McKibbin Square One

Fitting EbillPromotional Notice Offers Treasury Bills Advice

Small investors review their portfolios as stable Treasury bills regain appeal. The guidance highlights Series EE bonds, tax advantages, and government backing. A promotional note urges scheduling a tax-friendly financial counseling session with a Jefferson Pilot representative at 198 Thomas Johnson Drive Suite S-1.

EBILL Will Street Treasury United States Horace Greely Jefferson Pilot Insurance/Financial services Thomas Johnson Drive S-1

Hammond Pool and Patio Opens Expanded Frederickton Store

Frederick residents get a larger Hammond Pool and Patio as the new owners expand inventory and space at Amber Meadows Business Park. The Hammonds, longtime area pool pros since 1982, plan a grand opening on April 16 with prizes including chlorine, a 600 plus dollar five piece patio set, and a free bag with purchases over ten dollars. Open hours run 10 to 8 weekdays, 10 to 4 Saturday, with May Sundays added. Contact 662-9562 or 831-4080.

Sive Woolden Patio Hammonds Hammond Pool and Patio Amber Meadows

Also Mentioned on This Page

John Cunniff Ed Waters Jr Marvin Lohr Cristian Bramatl Emilio Bramatl A&s Mount Pleasant East Patrick Street Italy Africa Vermont Tennessee Mary Gardner Brunswick Frederick County National Bank Jerry Corey Bradd Ann Creamer Hammond Matthews Pool Frederick Hammond Matthews Pool Construction Columbia First Columbia First Federal Savings & Loan Association Fpslic Rosemont Avenue Hagerstown West Washington Street Virginia Avenue Potomac Avenue
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