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Newspaper
News
Location
Frederick, Maryland, United States of America
Date
Apr 23, 1996
Page
12
The dollar weakened against the yen while firming versus the mark amid signs of Japan’s recovery and Italy’s election ending months of instability. Quotes from analysts note ongoing yen strength and limited G7 support for the dollar after the Washington meeting. As trades settled, the dollar traded around 1.5169 marks and 106.65 yen.
The Tokyo stock exchange pushed the Nikkei index to its highest level since 1992 signaling tentative growth. European and U.S. investors bid on the yen as Japan's economy strengthens, while the German central bank cut rates prompting a weaker mark against the yen and dollar.
Money magazine conducted a six month review finding lotteries fail to lower taxes or boost school funding. It reports 55 million Americans become compulsive gamblers and states divert lottery revenue to Medicaid costs while education shares drop. In 1995 states with lotteries raised 32 billion with only 11 billion after prizes and costs.
Sam Little brings Hancock price levels to Frederick with a new store at the FSK Mail. The shop features Amish solid wood furniture in oak cherry pine or ash and country or formal country styles plus Prime Star and Dish Network satellite systems. James Riviera will manage the Frederick location and Little will keep the Hancock store. Open 10 a.m. to 9 p.m. Monday through Saturday and noon to 6 p.m. Sunday. Call 20-0517 for more details.
John Baker Insurance Services opens at 13 W Pennsylvania Ave Walkersville offering personal and commercial lines. Baker says partnerships with top carriers enable competitive pricing with flexible payments and discounts. He notes extended hours 8 PM to 9 PM seven days weekly and community involvement with local organizations.
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