Trade deficit at all time high in 1998 amid global crisis
The Commerce Department reported a broad current account deficit of 233.4 billion dollars for 1998, the largest on record, as exports fell and farm and manufactured goods demand dropped amid Asian, Russian, and Latin American recessions. Exports declined 1.2 percent to 671.1 billion, services surplus shrank, and investment income deficit widened. The Clinton administration faces concerns over rising deficits and responds to steel import pressures.
MENTIONED IN THIS ARTICLE
Washington
America
Commerce Department
Asia
Russia
Latin America
U.S
Clinton
United States
Ground broken for Governor's Professional Center in Frederick
Drs. Greg Weakley and William August broke ground Thursday on the Governor's Professional Center at 84 Thomas Johnson Drive Frederick a one story brick building with 11162 square feet of space. Weakley and August will occupy about 4000 square feet for their dental practice with the rest leased or subdivided. Waynesboro Construction is the general contractor Proffitt and Pryor the architects Se iderman Associates the engineers financing by First Bank of Frederick inquiries to Chris Kline at Kline Scott Visco.
MENTIONED IN THIS ARTICLE
Thomas Johnson Drive
Frederick
Governor's Professional Center
Frott
Chris Kline
Kline, Scott, Wisco Real Estate Company
Greg Weakley
Jim Grimes
William August
Maria Pryor
Proffitt & Pryor Architects
Greg Brown
Waynesboro Construction Co
Dr. Weakley
Weakley
August
Waynesboro Construction
Proffitt and Pryor
Seiderman Associates
First Bank of Frederick
Kline, Scott, Visco
Americans Keep Spending as Jobs Boost Confidence
Consumer spending rose 0.9 percent in February to 2.36 billion, the seventh straight gain, supported by the strong job market, tax refunds, and rising stock prices. The report notes durable goods such as cars and furniture driving purchases, with auto sales up 1.8 percent and overall retail sectors posting solid increases. Labor data show unemployment claims near 289,000, keeping the economy in a spending loop amid favorable weather and tax relief. GE awards Thompson Gas for Service Excellence based on customer feedback.
MENTIONED IN THIS ARTICLE
Washington
U.S
Commerce Department
Mark Zandi
Regional Financial Associates
West Chester
William Daley
Labor Department
Robert Dederick
Northern Trust Cy
Chicago
ABC News-Money Magazine
Internal Revenue Service
Freddie Mac
GE Customer Care
GE Appliances Consumer Service
Thompson Gas
Frederick
New York
Saudi Arabia
Iran
Lundberg
Frederick entrepreneurs sought for annual awards event
The Entrepreneur Council of Frederick County seeks nominees for two categories Emerging entrepreneur up to five years in business and Established entrepreneur over five years. Nominations, including a brief nominee biography, are due with an official application. Awards granted May 12 at the council banquet. For details call Janis Light or Dr James Merkel.
MENTIONED IN THIS ARTICLE
The
Entrepreneur Council of
Frederick County
Entrepreneur Council
Janis Light
James Merkel
Hempen Ale suit over hemp beer from Alabama lawyer
Alabama lawyer Judd Fawwal filed a suit to block Hempen Ale and Hempen Gold from sale in Alabama, alleging false advertising if the beer implies marijuana content. Frederick Brewing Co denies active marijuana ingredients, says hemp protein aims for distinctive brewing. The suit names Georgia Crown Distributing Co and Alabama Crown Distributing Co, with state approval cited as conditional on federal clearance.
MENTIONED IN THIS ARTICLE
Birmingham
Ala
Judd Fawwal
Bessemer
Alabama
Bevr
Marjorie McGinnis
Frederick Brewing Co
Marjuana
Meinnis
Fawwal
Ms. McGinnis
Georgia Crown Distributing Co
Ing
Alabama Crown Distributing Co, Inc
Kip Little
Alabama Crown
Charlie Baugh
Alcoholic Beverage Control Board
U.S
Also Mentioned on This Page
Fa Water
Governor’s Professional Center
Exxon
Nextel
Dow Jones
Focnb Corp
Swryan
K&m Bancorp
Unwigd Oribital
New York Gold
Union
Ad Science
Potom
Entrepreneur Award
V-One
V-One Corp
Germantown
Hempen Ale
Heather Coriman
Frederick High School
Dimensions
Winston Churchill
Ee Pleshall
Gregory Powell
Suzanne Dyer-Gear
MAS, Sphr
Fansign Stock Market Report
Stock Market Ieighes
Scottsdale Securities, Inc. Discount Stock Brokers
Monroe Street Plaza
Rockville
Meinber
Scathade.com
Frederick Office
Legg Mason Wood Walker
Sinc
W. Talbot Daley
Robert G. Hagstrom
Lee Mason Funds
Hie
Hagstrom
Leggy Mason Focus Trust
Lacy Maller
Immer
Nyse, Ine Mumber SI
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