Economists say Clinton plan slows growth and costs jobs
Private economists broadly backing the president’s plan warn it will trim economic output by about a half percent annually and cost up to 1 million jobs through 1996. They say higher taxes and lower spending will drag short-term growth despite long-run benefits.
MENTIONED IN THIS ARTICLE
Washington
Clinton
America
House-Senate
Financial House
Allen Sinai
Econome Advisers Inc
Boston
Peesee
Congress
Nut
Laurence Meyer
St Louis
David Wyss
DRI
Wefa Group
Bala Cynwyd
WEFA
Karl
Midwest flood damage viewed as modest on national economy
Economists say the Mississippi and Missouri flood will barely dent GDP, with 1993 gains offset by late 1993 rebuilding. Inflation may rise slightly, and food prices could rise about 1 percent. Transport and rail disruptions cost hundreds of millions, but long term effects are limited.
MENTIONED IN THIS ARTICLE
Midwest
Mississippi
Missour
Wefa Group
Bala Cynwyd
Wefa
Diane Swank
First Chicago Corp
South
Florida
Federico Pena
Dallas
Penas
Mississippi River
Gulf of Mexico
Association of American Railroads
Penn
Anthony Hatch
PaineWebber Inc
GM wins appeal to close Willow Run plant in Michigan
A state appeals court cleared GM to shutter the 4500 employee Willow Run factory near Detroit, ending years of local fights over tax abatements and promises of jobs. GM said keeping the plant open would cost about 300 million annually as it shifts production to Arlington, Texas.
MENTIONED IN THIS ARTICLE
Lansing. Mich
General Motors Cou
Willow Run
Ypsilanti
Doug Winters
Michigan Supreme Court
Detroit
Arlington
Texas
Washtenaw County
Donald Shelton
Peg Holmes
Kaiser- Frazer
Auctioning airwaves could raise billions for U.S. treasury
Washington reports the federal government plans to auction radio spectrum to raise about 102 billion dollars over five years to fund the treasury. The move targets licenses for personal communications services and new wireless devices, expanding space for voice and data transmission amid a growing industry.
MENTIONED IN THIS ARTICLE
Washington
Federal Treasury
House
Senate
Sayi
Port of Baltimore recovers with cargo rise in first half
The Port of Baltimore reports a 31 percent increase in general cargo at state terminals in the first six months of 1993, lifting six years of declines with four straight quarters of growth. Exports fell 36 percent while imports rose nearly 10 percent. Chrysler shipped 3,614 cars to China as part of a 4,600 vehicle deal to a Chinese government delegation.
MENTIONED IN THIS ARTICLE
Baltimore
Maryland Port Administration
James Gring
MPA
Sevice
Chrysler Corp
China
Also Mentioned on This Page
Poryeey Dri-Mcgraw Hill Inc
Laurence H Meyer & Associates
Laura Tyson
President’s Council of Economic Advisers
The
Associated Press
Minneapolis
American Insurance Services Group
Port of
Fcnb Bank
Marty Lapera
Brad Duggan
Becks Harbaugh
Terry Lee
FDIC
CIA
Uttar
Tns
Uts
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