Maryland 1995 Growth Seen Slower as Fed Rate Hikes Bite
Maryland's economy, after a strong 1994, is expected to slow in 1995 as the Federal Reserve's rate increases bite. Economists foresee only modest employment gains of about 1.5 percent, with growth concentrated in a few counties while Baltimore and the metro area face continued drag. The outlook hinges on Congress and any tax-cut moves.
MENTIONED IN THIS ARTICLE
Baltimore
Maryland
Charles W. McMillion
Federal Reserve
Europe
Congress
Mahlon Straszheim
University of Maryland College Park
William Donald Schaefer
Anne Arundel
Howard
Harford
Cecil
Frederick
Worcester
Michael A Conte
University of Baltimore
Four more senior VPs leave First Maryland Bancorp
Four more senior vice presidents exit First Maryland Bancorp this month, easing morale at the bank’s parent after similar losses in September. The departures, including general counsel Gary Sutton, follow a mass exodus of Maryland National Bank veterans and a pointed memo from HR chief Andrew Hiduke noting morale problems amid influx of MNC Nations bankers.
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Baltimore
First Maryland Bancorp
Maryland
Gary Sutton
Maryland National Bank
First Maryland
Andrew Hiduke
MNC Nations Bank
Hiduke
Frank Bramble Sr
Bramble
NationsBank Corp
MNC Financial Inc
NationsBank
Ryland revamps to boost sales amid design shift
Ryland Group Inc plans a real estate and new home design shift to close the gap with competitors as it reports 1994 nine month earnings of 222 million while a year earlier showed a 102 million net loss. The Columbia based builder will move away from its long time Hamilton colonial style homes.
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Columbia (Ap
Ryland Group Inc
Ryland
David Beeghly
Scott & Stringfellow
Richmond
Columbia
Delaware resorts seek annexation to curb growth
Lewes and Rehoboth Beach plan annexation of undeveloped land south of their towns to slow Delaware 1 growth outside city limits. Officials argue annexation costs may be recouped by preserving land while avoiding new development, as county resists moratoriums and local councils push to control edges of town influence.
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Lewel
Del
Delaware
Sussex County
Rehoboth Beach
Lewes
Delaware 1
James L. Ford
Kmart
Ocean Outlets
Sussex County Council
Rehoboth
EU expands to include Austria Finland and Sweden
The European Union admits Austria Finland and Sweden on January 1 raising members to 15 and expanding its population to about 370 million with a combined economy near 6.7 trillion dollars. The move signals a potential future growth to 25 30 members and a larger single market across Europe.
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Austria
Finland
Sweden
Institute For International Affairs
Hague
Netherlands
United States
Canada
Mexico
Union
Arctic Circle
Mediterranean Sea
NAFTA
Clinton targets $2.8 billion in Chinese goods for tariffs
The Clinton administration moves to curb piracy of U S products by listing 23 Chinese product categories for possible 100 percent tariffs totaling about 2.8 billion dollars. U S Trade Representative Mickey Kantor says piracy costs U S firms nearly 1 billion annually and China must act to curb it.
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Washington
Clinton
United States
China
U.S
Mickey Kantor
Kantor
India Gains Access as US and EU Ease Textile Quotas
India signs trade pacts with the United States and the European Union to open markets for textiles. Deals remove or raise quotas, liberalize tariffs over three to seven years, and grant flexibilities through 2004 for restrained exports, benefiting handloom and powerloom sectors.
MENTIONED IN THIS ARTICLE
New Delhi
India
United States
European Union
Washington
Brussels
E.U
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America
Baltimore-Washington International Airport
Bg&e
Baltimore Gas and Electric Co
Public Service Commission
BGE
Home Products & Services
Commission
Maryland Court of Special Appeals
Gary Alexander
Delaware Resorts
Lewes & Rehoboth Canal
City
Ford
Millville
Amos “Butch” Evens
Belgium
Jan Rood
The
Clingendael
Bese Boma
Wahl
Systems
Canon
GOTE
Call Wahl Business Systems
East Fifth Street
Frederick Produce
Tad Leasing
Open Door
Textiles
Frederick News-ost
Frederick Towne Mall
Frederick News-Post
Art Miesemer
Che Frederick Nems
Vas
Niewera
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