Household debt triples over decade study finds
Washington reports that U S household debt nearly tripled in the last decade with about 85 percent owing money on mortgages autos credit cards and department store purchases. Fed study by Canner and Luckett shows mortgage debt at 2 6 trillion end 1990 and consumer debt around 800 billion the economy sensitive to spending patterns amid recession.
MENTIONED IN THIS ARTICLE
Washington
U.S
Federal Reserve
Bruce Steinberg
Merrill Lynch Capital Markets
Steinberg
Glenn B. Canner
Charles A. Luckett
Federal Reserve Bulletin
Samuel D. Kahan
Fuji Securities
Chicago
Kahan
Hard-liners press for Soviet Congress session
Moscow reports the crisis plan may fail without an anti-crisis program to hasten market transition. Pavlov warns two scenarios with 18 to 30 million unemployed and 20 to 30 percent GDP declines if strikes continue or fast privatization proceeds. Gorbachev faces mounting criticism while hard-liners push for a special session and possible emergency measures.
MENTIONED IN THIS ARTICLE
Moscow
Valentin Pavlov
Mikhail S. Gorbachev
Communist Party
Pavlov
Supreme Soviet
Gorbachev
Soviet Congress of People’s Deputies
Kremlin
White House defends Sununu travel on military jets
Washington says Sununu must be reachable at all times as Bush aides defend use of military aircraft for fundraisers and personal trips. Cheney cites Reagan policy that chief of staff and national security adviser always fly military craft. House panel may seek GAO probe.
MENTIONED IN THIS ARTICLE
Washington
White House
John Sununu
Bush
National Security
Cheney
Kennedy poll shows strong backing amid Florida rape claim
The Boston Globe poll finds Sen Edward M Kennedy still enjoys broad Massachusetts support despite an alleged rape at the Kennedy family villa in Florida. Voters also oppose naming rape victims in news reporting, while Palm Beach police report a 29-year-old woman has accused William Kennedy Smith of raping her at the beachfront villa on March 30.
MENTIONED IN THIS ARTICLE
Boston
Edward M. Kennedy
Florida
Massachusetts
Boston Globe
Palm Beach
Fla
William Kennedy Smith
Schwarzkopf Returns Home as Gulf War Ends
General H Norman Schwarzkopf arrives at his Tampa home after commanding U S Central Command from MacDill Air Base during the Gulf War. His return signals no immediate end to duties as the command oversees ongoing postwar and security responsibilities.
MENTIONED IN THIS ARTICLE
Tampa
Fla
H. Norman Schwarzkopf
U.S. Central Command
MacDill
Baker gains Saudi support for peace conference
Secretary of State James A. Baker II won Saudi backing for an early Middle East peace conference during talks in Jiddah with King Fahd and Saudi officials. He proposed Moscow join as co sponsor if Israel ties are restored. Baker also eyed a possible Moscow trip to plan the talks. Meanwhile Gen Schwarzkopf toured Kuwait oil fields and returned to the United States to a large welcome at MacDill Air Force Base.
MENTIONED IN THIS ARTICLE
Kuwait City
James A. Baker II
Saudi Arabia
Kuwait
Jiddah
Baker
Alexander A. Bessmertnykh
Moscow
Israel
King Fahd
Prince Saud
Schwarzkopf
Persian Gulf
MacDill
Brenda
Saud Nasir al- Sabah
Gen Schwarzkopf
Tampa Stadium
Queen Elizabeth II
Tampa
Also Mentioned on This Page
David Denton
Sununu
Detroit
Michigan
Discovery
Cape Canaveral
NASA
Shuttle
al Sorge
Gordon B. Schatz
Pompignan
France
Antonin Faucani
Kennedy
S Colonial Jewelers
Frederick’s
Gers
Mikimoto
Colonial Jewelers
Patrick Street
Frederick
General Schwarzkopf
Teleflora Florists
Teleflora
Damascus
Beall’s Florist
Damascus Centre
Janet's Florist
Liberty Rd
Lhertytown Shopping Ctr
Wamsville
Big Woods
Urbana
van Wilvon
Thurmont
Roy, Ltd. & Grise
Fredenck Rd
Devilbiss Badge Road
Lo Ey
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