Fed Cuts Discount Rate Amid Sluggish Economy
The Federal Reserve lowered the discount rate citing slower money growth and tighter lending while inflation pressures ease. President Bush said the economy is a major concern as analysts weigh a possible further cut in the federal funds rate and watch for a softer landing.
MENTIONED IN THIS ARTICLE
Fed
Bush
United States Congress
Federal Reserve
Wayne D. Angell
Federal Open Market Committee
Central Bank
Fed Board
Open Market Committee
Kuwait
Voters conflicted over charter as backers cite fear
Backers say fear confused voters while average citizens understood and saved the county. The charter faced criticism for pit falls in practice. Mrs. Williams urges a county manager to run daily operations. Former commissioner Bollinger credits an anti charter editorial with influence. Frederick Mayor Gordon, a charter opponent, says the proposal failed due to lack of clear justification and alternatives.
MENTIONED IN THIS ARTICLE
Williams
Sterling Bollinger
Election Board
Kozol blasts funding gaps amid school inequality
Best selling author Jonathan Kozol told Rosenstock Auditorium that the education system fails inner city students due to underfunding. He cited Chicago and New York disparities, called for a progressive tax to fund districts, and argued testing alone cannot measure excellence. He urged reallocating funds to raise per-child spending nationwide.
MENTIONED IN THIS ARTICLE
Jonathan Kozol
Secesio A
Rosenstock Auditorium
Educa Uo 8
United States
New York City
South Brocx
Ierorick inBiaea
Chicago
Kozol
East Saint Louis
Wofford wins Pennsylvannia Senate race amid national fallout
With 95 percent of votes counted, Democrat Wofford led Thornburgh 55 to 45 in Pennsylvania as the national signal states a GOP turn. Bush faced criticism from Senate figures while Specter and others urged focus on domestic issues, and nationwide results reshaped the Senate balance at 57 to 43 for Democrats. Independent and state results showed shifts on term limits and other ballot questions nationwide.
MENTIONED IN THIS ARTICLE
Wofford
Washington
Pennsylvania
Mr. Thornburgh
Bush
Sen
George Mitchell
Maine
Thornburgh
Dan Quayle
Ronald H. Brown
Arlen Specter
Mr. Bush
Mr. Specter
Mr. Wofford
Senate
Mississippi
Mabus
Anrhant Thege
Mark Gearan
Democratic Governor's’ Association
Fordice
David Duke
Louisiana
Kentucky
Jones
Rep
Larry Hopkins
Hopkins
Mr. Jones
Quayle
Foley
al Swift
House
Frederick County Charter Home Rule Vote Returns Low Turnout
In Frederick and Cecil counties voters considered charter home rule proposals. Turnout reached about 25 percent, with Frederick County narrowly failing similar to Cecil where the measure lost 52 to 48. Officials note apathy and debate future charter efforts.
MENTIONED IN THIS ARTICLE
Frederick County
Teacher fined in drug case tied to Virgin Islands shipment
A Montgomery teacher faced a drug case after narcotics officers seized a package from the Virgin Islands containing about 21 grams of cocaine. Surveillance led to a Feb. 14 pickup by Anderson, then a warrant search uncovered scales and cocaine traces. the main package was not found and traces of marijuana were present. Anderson claimed no cocaine requests from friends in the Virgin Islands and had recently worked at Fort Detrick after losing teaching duties.
MENTIONED IN THIS ARTICLE
Virgin Islands
Anderson
Mr. Kramer
Alderson
Montgomery
Fort Detrick
School field project faces delays from drought and terrain
Principal Perini says the plan to finish the playing fields at Sassenger Cree Miaue School is moving forward with the school board. He notes delays from a tight construction schedule and drought, plus topsoil scraping that left rocks and deep ruts. Teams will collaborate to restore a usable, attractive field.
MENTIONED IN THIS ARTICLE
Sassenger Cree Miaue
Perini
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Great Neck
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Tely
Sehoo! Netelet
Sais
Sabato Dinette
Kotolepee
America
Oklahoma
California
Colorado
Congress
Cincinnati
Houston
White Plains
Worcester
Mass
Supreme Court
Wotersbury Charter Home Rule
Bollinger
Mr. Barrick
Cottey
Mr. Way
Optician
Aiso
B&l
Ultra
Adescory
Royal Optical
Doctors OF Optometry
Frederick Memorial Hospital
Frederick Memorial
Seventh Street
Ederick
Maryland
Particosting
KFC
Willowdale Dr
Spectrum
Fsk Mall
E. Patrick SI Frederick
E. Patrick St
Frederick
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