IMF Chief Sees U S Downturn Not Trigger Global Recession
IMF Managing Director Michel Camdessus said the U S recession should not spark a worldwide downturn as Germany and Japan continue growing. He urged cautious policy like avoiding inflationary risks from stimulus and praised the deficit reduction package while noting uncertainty over war impacts.
MENTIONED IN THIS ARTICLE
Washington
United States
International Monetary Fund
IMF
Michel Camdessus
Bush
Middle East
Camdessus
England
Federal Reserve
Germany
Japan
National Press Club
Europe
Romania
Bulgaria
Poland
Hungary
Czechoslovakia
The
World Bank
Trade probe could prompt EC retaliation over meat plant standards
The Bush administration opened a Section 301 inquiry into EC meat plant sanitary rules that could trigger tariffs on European goods if talks fail. The move aims to pressure Europe amid stalled GATT talks and the farm subsidy dispute, with lawmakers backing rapid investigation and recertification of U.S. plants to ease access to the European market.
MENTIONED IN THIS ARTICLE
Washington
Bush Administration
U.S
United States
Europe
Carla Hills
Ms. Hills
National Pork Producers Council
American Meat Institute
Hills
Congress
European Community
Max Baucus
D-Mont
Tom Daschle
D-S.d
Census finds white households far wealthier than black families
A Census Bureau study shows in 1988 white family median net worth was about $43,280 versus $4,170 for Black households. Married couples held $57,134 while male headed homes had $13,053 and women headed $13,571. age 65 to 69 households averaged $83,478. Homeownership owned 43 percent of wealth. businesses 9 percent.
MENTIONED IN THIS ARTICLE
Washington
Census Bureau
United States
Judith Eargle
Airlines suffer record losses in 1990 amid fuel price surge
U.S. airlines posted a combined loss of $2 billion for 1990 as fuel costs surged after Iraq invaded Kuwait on August 2. Edward A. Merris of the Air Transport Association cited recession and higher fuel prices as the main causes, even as a record 467 million passengers flew. U.S. carriers lost $240 million in the first three quarters, then $1.7 billion in the last quarter due to fuel and weak demand.
MENTIONED IN THIS ARTICLE
Washington
Iraq
Kuwait
Edward A. Merris
Air Transport Association
U.S
Association
the Trade Association
Monsanto to pay $1 million settlement in Massachusetts
Monsanto Co agreed to pay the state $1 million to settle claims it discharged untreated wastewater into the Mystic River and failed to report the leak. The deal ends an 11 month probe by the environmental crime strike force, covering 200,000 gallons leaking from Everett in February. The company reported the leak on Feb 21 after discovering it Feb 18.
MENTIONED IN THIS ARTICLE
Boston
Monsanto Co
Mystic River
Massachusetts
Monsanto
St. Louis
Everett
Department of Environmental Protection
Insurer must cover pollution cleanup for plant site
Baltimore County Circuit Judge John Fader ordered Utica Mutual Insurance Co to pay cleanup costs for polluted soil and groundwater around Bausch & Lomb Diecraft plant. The ruling, said to be potentially precedent setting, follows a 24% week trial and covers damage around the facility owned from 1965 to 1987 after disposal of solvents and metals leached into nearby properties.
MENTIONED IN THIS ARTICLE
Baltimore
Baltimore County
Kenneth Abraham
University of Virginia
John Fader
Utica Mutual Insurance Co
Bausch & Lomb Inc
Fader
Utica
Bausch & Lomb
Pet Pleasers Brings Home Pet Care to Frederick
Diane Burns and her daughters Jennifer and Julie run Pet Pleasers offering in home pet care services. They visit for consultations, feed and exercise pets, shop for supplies, perform home pet clean-up, provide mail and plant care, and offer security checks while owners are away. Bonded and insured through the Frederick County Humane Society network, emergency veterinary care is available. Contact (301) 695-0594 or write Pet Pleasers P.O. Box 3546 Frederick MD 21701.
MENTIONED IN THIS ARTICLE
Diane Burns
Standing
Jennifer and
Julie
Pet Pleasers
Frederick
Jennifer
Ms. Burns
Frederick County Humane Society
P.O. Box
New Bancroft Dairy name for Frederick plant
Morningstar Foods of Dallas will rename the former Highs Dairy site on East Patrick Street Bancroft Dairy to link to Bancroft Dairy in Madison. The Frederick plant will keep 65 workers with manager Bruce Langhoff. no staff changes. The F&IF Bancorp board declared an 18 cent quarterly dividend payable Feb 1 to shareholders of record Jan 18.
MENTIONED IN THIS ARTICLE
ED Waters JR
News-Post
High’s
East Patrick Street
Frederick
Morningstar Foods
Dallas
Texas
Bancroft Dairy
Dan Markert
Madison
Wis
Southland Corp
Markert
Bruce Langhoff
F&if Bancorp
Also Mentioned on This Page
Albania
Soviet Union
Mr. Daschle
Tal
Fort Ave
Breh
AP Stock Quotes
Vv. Ww. Yle
IBM
SAAB
Brewers Saab, Inc
Main St
Maugansville
Saab Cars USA, Inc
Mass
Florida
Calverton
Colesvire
Four Corners
Mt Ain
Rockville
Wheaton
D.C
Equitable Federal Savings Bank
Hrehn
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