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Newspaper
News
Location
Frederick, Maryland, United States of America
Date
May 24, 1991
Page
13
Barbara Hemphill told the Small Business Council that paper remains dominant despite computers. She urged centralized filing, weekly clean out days, and calendar reminders to control clutter, noting 80 percent of paperwork can be discarded and duplicates should be merged.
The IRS proposed rules to require reporting of any mix of cash and cash like instruments totaling 10,000 or more per transaction or related transactions. Under the plan cashier's checks traveler's checks money orders and bank drafts would count as cash for Form 8300 reporting. Public comments due by June 14 with a hearing set for June 28.
The Cumberland Valley Chapter of the Associated Builders and Contractors seeks applicants for construction trades apprenticeships in masonry carpentry electrical plumbing sheet metal heating ventilation and air conditioning. Classes are held at Hagerstown Frederick and Garrett community colleges. Applications at 319 W Howard St Hagerstown 8 30 a m to 5 30 p m Monday through Friday due by Sept 1. Females and minorities are encouraged to apply. For more information call 2233 Taal.
Mack Trucks will suspend five days of production at its Hagerstown engine and transmission plant starting June 17, the second spring shutdown due to weak demand. About 1,100 workers affected, with prior five-day closure in April. Other Mack plants in Winnsboro and Macungie also slated for June closures amid industrywide weakness.
President Bush told retailers the recession is bottoming out while economists foresee recovery. Durable goods orders rose 2.9 percent in April to 115.5 billion, rebounding after four months of declines, with Greenspan noting early signs of improvement. Unemployment benefit claims fell to 454,000 in early May from over half a million.
The House voted 231 to 192 to extend President Bush’s fast track negotiating authority for two years, enabling a tariff removing trade treaty with Mexico with an up or down vote by Congress. Bush hailed bipartisan support as a major foreign policy step ahead of Senate action before Memorial Day recess.
The Maryland Public Service Commission allows Baltimore Gas and Electric to raise electric rates by 123.7 million while authorizing a 58 million reduction in the fuel cost adjustment. Net increase to consumers is about 66 million or 3.7 percent to fund Brandon Shores 2, a 640 megawatt plant in Anne Arundel County. Residential bills rise about 2.98 dollars monthly for 600 kilowatt hours. The plant, costing 662 million, will reduce reliance on external power and lower BG&E generation from less efficient units.
AT&T may vacate its landmark Manhattan headquarters as part of a leasing plan while keeping corporate staff in New Jersey. Sony Corp seeks a U S base to showcase growing operations including Columbia Pictures and CBS Records, with both firms silent after The New York Times report.
Tokyo shares rebounded as the Nikkei 225 gained 44.99 points to 25,643.65, a 0.96 percent rise, while the dollar edged up to 137.95 yen from 137.45 yen. The yen strengthened against the dollar? No. sentence states dollar gained.
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