Business leaders predict sluggish post recession recovery
HOT SPRINGS Va AP The Business Council comprising executives from 100 large firms released an outlook forecasting a prolonged period of weak growth due to high debt. While agreeing recession length matches historical norms, leaders expect a far below average rebound with GNP growth under 6.75 percent in the first year. Walter Shipley of Chemical Bank called it one of the more moderate recoveries in history. He cites residual imbalances from the 1980s, notably high debt across government, firms, and individuals.
MENTIONED IN THIS ARTICLE
Hot Springs
Business Council
Walter Shipley
New York
Chemical Bank
Shipley
Particu
Market falls as food costs surge and inflation data mix
The Dow Jones Industrial average dropped 50.98 points to 2920.17 marking its largest one day slide in seven weeks while food costs rose 0.4 percent led by a 34.3 percent jump for vegetables. Wholesale prices edged up 0.2 percent in April as gasoline and heating oil prices fell.
MENTIONED IN THIS ARTICLE
New York
Labor Department
Drug dealers plague John Hanson apartments residents say
Sharon Bowie describes a 24 hour racket at John Hanson Apartments with blasting music fights and noise. Neighbors report filth, drug paraphernalia and threats as dealers flame fear, corruption, and efforts to recruit residents into drug use and selling.
MENTIONED IN THIS ARTICLE
Sharon Bowie
John Hanson Apartments
Ms. Bowie
Debbie Bowie
Sharon
John Hanson
Osborn
Taney Apartments
Firm Frederick Housing chief defends resident only parking policy
Frederick Housing Authority executive director Charlie R. Smith 43, tall and forceful, defends resident only parking at John Hanson Apartments amid protests. He cites tough measures to curb drug dealing, warns noncompliance could lead to arrests, while residents recall past expulsions and form crime watch groups as women fear reporting dealers.
MENTIONED IN THIS ARTICLE
Charlie R. Smith
Frederick Housing Authority
John Hanson
Mr. Smith
Frederick
Debbie Bowie
Sharon Bowie
Mice help to conquer AIDS in genetic engineering study
At the Frederick Cancer Research and Development Center scientists led by Dr. Matthew Gonda are creating a line of genetically engineered mice to model HIV. The project aims to enable large scale, safer testing of AIDS vaccines and antiviral drugs, with two more years expected before commercial testing.
MENTIONED IN THIS ARTICLE
Frederick Cancer Research and Development Center
Matthew Gondt
FCRDC
United States
Gonda
Western Maryland Weather Patch Forecast
The forecast calls for fair and mild tonight with light winds. Sunday will be partly sunny and warm with highs in the lower to mid 80s. Map shows regional conditions for Western Maryland.
MENTIONED IN THIS ARTICLE
Maryland
Ly sid HT Hy SJ RWABA pool a TH y re
The readable fragments provide no clear persons organizations places dates or events to summarize into a valid news item.
MENTIONED IN THIS ARTICLE
Sid
Linganore Senior Named Presidential Scholar in Maryland
Linganore High School student Kathryn Benedict, 17, of Monrovia, was named one of 129 Presidential Scholars nationwide. She and twin sister Cindy share valedictorian honors with two other Linganore students, and Kathryn will travel to Washington, D.C. in June for events including a White House medal ceremony.
MENTIONED IN THIS ARTICLE
Linganore High School
Maryland
Kathryn Benedict
Monrovia
Bush
Kathryn
Singapore
Washington, D.C
White House
Cindy
Linganore
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Shookstown Road
Carroll Creek
Baughman
Violet Osborn
Emma Jackson
Taney
Smith
Julia Robb
News-Post
Charlie Smith
Wilmington
Del
North Carolina
Linda Joy
Inside the News
Eeeuee Cs
Anks
Aimee
Richard Kerns
Jessica Haczewski
Brett
Culler Lake
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