Slow growth seen for economy in 1990 Beige Book
Washington AP reports the Beige Book finds slow overall U S growth in 1990 with regional variance. The West shows relative strength while most regions continue sluggish expansion. Inflationary pressures are not cited and experts foresee possible late year improvement. The survey closes Jan. 18 and guides Federal Open Market Committee planning.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve
Pank
Fed
Econ
Federal Open Market Committee
Governor backs limits on property assessment increases
Annapolis Maryland Gov William Donald Schaefer says he will back measures to curb rising property assessments in Montgomery and other suburban counties amid protests over tax bills He supports extending the 15 percent annual limit and studies county level thresholds to screen wealthy homeowners while reducing relief for hard hit families in poorer counties Officials urge greater county discretion and possible lower or higher limits by locale to ease tax burden
MENTIONED IN THIS ARTICLE
Annapolis
William Donald Schaefer
Montgomery
Montgomery County
Baltimore County
Schaefer
Gene L. Burner
State Department of Assessments and Taxation
Burner
Sidney Kramer
Kramer
Evans urges tax changes to curb corporate debt in Maryland
Maryland should end interest deduction for corporate taxes and reform profit taxation to curb leverage as the economy slows. Economic Development Secretary J Randall Evans and Commission chair R Robert Linowes warn debt finance is rising and risky. They call for studying effects on revenues while promoting saving and entrepreneurship.
MENTIONED IN THIS ARTICLE
Annapolis
Maryland
J. Randall Evans
R. Robert Linowes
State Economic Development Commission
Linowes
Evans
Ford workers approve Britain pay rise averting strike
Ford Motor Co Ltd workers in Britain vote 59 percent against union leaders to accept a 10.2 percent raise in year one and a minimum 8 percent in year two or 2.5 percent above inflation. The decision, gathered from 92,000 workers across 22 plants, signals a benchmark for industry wage talks and helps Thatcher’s inflation fight.
MENTIONED IN THIS ARTICLE
London
Ford Motor Co. Ltd
U.S
Britain
Margaret Thatcher
Ford
Engineering Union
Grain futures show mixed moves on Chicago Board markets
Chicago grain futures edges mixed with Wheat and Soybeans trading in narrow ranges. Wheat near 5.91 per bushel. Soybeans around 5.9 to 6.0 per bushel. Oats and other grain notes show small price shifts. Open interest figures reflect modest activity with occasional gains and declines.
MENTIONED IN THIS ARTICLE
Chicago
Chicago Board of Trad
Buy American boss buys foreign tools amid auto bonus backlash
Peter C. Rossin of Dynamet Inc announced a 31,000 bonus plan for American car purchases, yet revealed about 3 million dollars in Japanese machine tools and 5 million in other foreign equipment bought for Dynamet. He cites cost and delivery concerns and hopes for more domestic options, while others defend domestic makers.
MENTIONED IN THIS ARTICLE
Washington, Pa
Peter C. Rossin
Dynamet Inc
U.S
Rossin
Pittsburgh
Dynamet
Dyesmet
Cincinnati Milacron Inc
Lebanon
Ohio
Cross & Trecker Corp
Bloomfield Hills
Mich
Cross & Trecker
Dick Priebe
Florence
U.S. Small Business Administration
Pennsylvania
Mr. Rossin
Also Mentioned on This Page
White House
Commission
Liverpool
Wales
Halewood
England
A.T.C
Uniden CP
Unider
Werranty
Telecommunications
Center
AEC
Cellular
Pere Reve
Dora
LSB
SM Sithsih
Eppen
Chessie Federal Credit Union
Thessis Gaal Maa
Thomas Johnson
N.C.U.A
Mercedes-Benz
Mercedes
Hagerstown
Toyota, Inc
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