Greenspan gets third term at Federal Reserve amid debate
The Senate confirmed Alan Greenspan for a four year term as Fed chair 91 to 7 despite criticism that his policy keeps inflation in check. Supporters cited steady growth and low unemployment while opponents argued for faster expansion and questioned inflation risks. Also approved was Laurence Meyer to the Fed board by a 57 to 41 vote.
MENTIONED IN THIS ARTICLE
Washington
Nati Greenspan
Senate
Nation Central Bank
Federal Reserve
Tom Harkin
Iowa
Greenspan
Fed
Sen
Paul Wellstone
D-Minn
Banking Committee
Alfonso D Amato
R-N-Y
Uaticlub Scenar
Serere
St Louis
Laurence Meyer
Paul Getman
Regional Financial Associates
West Chester
David Jones
Aubrey G. Lanston & Co
Paul Volcker
Geoffrey Faux
Economic Policy Institute
Harkin
Dorgan
Reid
Aiss
General Accounting Office
Reagan
Bush
Clinton
Union
Wall Street
Faux
William McChesney Martin Jr
Ms. Rivlin
Meyer
Christopher Bond
R-Mo
Rivlin
Ford Club hosts third Ali Ford Car Show in Frederick
The Mid-Maryland Ford Club and Frederick Motor Co present the Ali Ford Car Show from 9 a.m. to 3 p.m. on Saturday July 13 at 1 Waverley Drive Frederick. The event offers 55 classes, dash plaques for the first 250 registrations, swap meet, car corral, door prizes and a DJ playing oldies. All Ford or Mercury vehicles welcome. For details call Michael Smith at 663-6903.
MENTIONED IN THIS ARTICLE
Ed Waters Jr
Mid-Maryland
Ford Club
Frederick Motor Co
Ford
Elwood Wenzel
Michael Smith
Ronnie Jacobs
Kenny Crim
Waverley Drive
Fred
Mercury
Manda
F&m National Bank
Frall Developers
Keller Bruner & Co
Morgan Keller Inc
Don Phillips
Jeep Eagle
Dan Chaney
Patrick Blackwood
Jeep-Eagle
Ann Ryan
Advocates For the
Nee Guyton
Morgan-Keller Inc
James Frey
U S trade deficit rises amid record imports and exports
The Commerce Department reports April imports and exports at record highs with the goods and services deficit at 8.83 billion, up 7.7 percent from March. Analysts warn the deficit remains in a wide range and may temper growth while exports reach new records and oil prices surge.
MENTIONED IN THIS ARTICLE
Washington
U.S
Commerce Department
Clinton
Dow Ends Higher After Slipping In Late Trading
The Dow Jones average rose 11.08 points to 5659.43 as technology shares fell amid profits worries while blue chips held near opening levels. Nasdaq dropped sharply and traders awaited Friday options expirations amid signs of rising wages and potential Fed rate moves.
MENTIONED IN THIS ARTICLE
New York
Philadelphia
Federal Reserve
mid-Atlantic
Hugh Johnson
First Albany Corp
Fed
Treasury
Stock market slides as Nasdaq leads drops despite S&P gain
U.S. stocks swung with the Nasdaq slipping for a sixth straight session and the Dow pressured by financials after higher borrowing costs. The Nasdaq fell from a session high while the S&P 500 rose, helped by gains in Infinity Broadcasting and mixed overseas markets. Dell and Gateway 2000 dropped on the Nasdaq, while IBM and American Express weighed on the NYSE.
MENTIONED IN THIS ARTICLE
New York Stock Exchange
NYSE
Standard & Poor
Johnson
Dell
Gateway
Citicorp
Westinghouse Electric
Infinity Broadcasting
Uide
Infinity
Tokyo
Frankfurt
London
Winterland Ponders Move Amid Redevelopment Pressure
MCA Inc plans to sell Winterland Production to Maryland firm MML Inc with not disclosed price. Winterland, known for licensing rights to Clapton, Led Zeppelin, the Doors and films like Jurassic Park, may leave its San Francisco base as redevelopment looms.
MENTIONED IN THIS ARTICLE
San Francisco
Bill Graham
MCA Inc
Winterland Production
MML Tne
Maryland
Winterland
MCA
Fred Ordower
MML
MCA Viliais Souk Wales
Lui Wan Toran
San Francisco Bay Area
Aileco Inc
Allegheny Beverage Co. Inc
Hyattsville
Also Mentioned on This Page
Lawrence Chimering
Economic Strategy Institute
Labor Department
Federal Reserve Bank of Philadelphia
Marilyn Schain
Donaldson, Lufkin
Jenrette
Boor Wynn Laws
Giant Foods
IBM
AllgPwr
Kmart
Alpha Ind
Bell Ad
Wittbannie BieWhittaker Bils Bnks
Econse Ann
Ify Citizens Bank
Anidy
Icpenney
Orp
Pepsico Oa
Sa Cola
Sears
Wit
Fcnb Corp
F&m Banco
First United
Fred. Breth
Ferris
Baker Waits Inc
Wed
Jan Ty
Eric Clapton
Boyz II Men
Brighton, Mich
Ap)fretter Inc
Michigan
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