Deficit at five year low as trade gap shrinks
Washington reports a 1989 trade deficit of 102.6 billion dollars, the smallest in five years, aided by December improvements. Analysts split on outlook as exports rise but imports and oil bills climb, while January industrial output falls 1.2 percent and the factory utilization rate dips to 81.9 percent amid a lingering auto sector slump.
MENTIONED IN THIS ARTICLE
Washington
Bush
U.S
America
Congress
Allen Stan
The
Boston Co
American Petroleum Institute
NEW York
Nyse l Lsted
Wilshire Associates
NYSE
Standard & Poor
S&p
S&L bailout gains approval to fund via Treasury loan
Washington notes the Bush administration can borrow from the Federal Financing Bank to finance the RTC bailout, potentially expanding the current budget deficit by tens of billions and delaying repayment through asset sales. Democratic critics warn of masking true spending and delaying deficit cuts under Gramm Rudman.
MENTIONED IN THIS ARTICLE
Washington
Bush Administration
Treasury
Justice Department
Resolution Trust Corp
Federal Financing Bank
S&l
RTC
OMB
Barbara Clay
Charles Schumer
D-N.y
Banking and Budget Committees
Mack reports 185.4 million loss in 1989
Mack Trucks Inc reports a consolidated net loss of 185.4 million for 1989 and warns losses will continue into 1990 though smaller. The firm cites weak heavy duty market, a delayed new model rollout, and lower sales. An agreement with UAW at Winnsboro raises hourly pay and a Renault loan helps refinance debt.
MENTIONED IN THIS ARTICLE
Allentown
Mack Trucks Inc
Mack
Ralph E. Reins
United Auto Workers
Macks
Winnsboro
S.C
UAW
Renault Vehicules Industriers
Reins
John Curcio
Curcio
State funds aid Mack workers retraining in Maryland
Washington AP reports the Department of Labor awarded 900000 dollars to Maryland to retrain and reemploy displaced Mack Truck workers in the Hagerstown area after job cuts. The funds arrive as many workers near exhaustion of unemployment benefits.
MENTIONED IN THIS ARTICLE
Washington
Department of Labor
State of
Maryland
Hagerstown Area
Mack Truck
Paul Sarbanes
D-Md
Mack
Sarbanes
Department of Economic and Employment Development
Western Maryland Consortium
Credit card bill aims to curb merchant data grabs
Maryland Delegate Ann Marie Doory proposes that merchants may not request a customer's credit card number when payment by check is chosen, citing privacy and fraud risks. The measure would allow seeing a card for identification but hold stores liable if card data is mishandled.
MENTIONED IN THIS ARTICLE
Annapolis
Ann Marie
Doory
D-Baltimore
House
Ms. Doory
Maryland Bankers Association
State Commissioner of Consumer Credit
Alan T. Fell
George Jones
Fell
Horch Opens Frederick HR Consulting Firm
Richard M. Horch launches Horch Human Resources Services in Frederick after a career directing personnel at RCA Princeton Marriott Plantronics Frederick Electronics. He chairs and serves on regional boards, led compensation projects for Solarex Frederick Produce and others, and offers HR policy manuals, wage structures, labor surveys, affirmative action, recruiting, and employee relations services. Call 695 6520 for details.
MENTIONED IN THIS ARTICLE
Richard M. Horch
Horch Human Resources Services
Frederick
Ohio State University
RCA
Princeton University
Marriott Corp
Plantronics
Frederick Electronics
Horch
American Compensation Association
Ethics Commission
Kiwanis Club
United Way
Presbyterian Church
Solarex
Frederick Produce
Keller-Zanger Bissell & Co
Frederick County Personnel Association
Management Recruiters International Tops Executive Search Franchisors
Management Recruiters International named number one franchisor in the executive-search industry by Entrepreneur magazine. The ranking considers years in business and franchising, total units, startup costs, and growth rate across franchised and company-owned outlets.
MENTIONED IN THIS ARTICLE
Management Recruiters International
Entrepreneur Magazine
Also Mentioned on This Page
RTC Oversight Board
Office of Management and Budget
United States
HomeCall Report
HomeCall Inc
Ed Waters II
Loyola Federal Savings and Loan
Loyola
Dawn Tepper
Elizabeth Rosemier
Lori Aleshire
Susan Strevig
Family Brand Gas Station
E. South St. Fred
Calverton
Colesville
Four Corners Frederick
Lawel
Layhill
ML Airy
Rockville
Walkersville
Wheaton
D.C
Equitable Federally Savings Bank Siz
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