Japanese bears sound warning on economy’s strength
Even in Japan optimism runs high as the economy shows a long expansion and record profits. But economist Johson Takahashi warns inflation and slower growth loom, urging further rate hikes and a shift to restraint to prevent a hard landing.
MENTIONED IN THIS ARTICLE
Tokyo
Japan
United States
Bank of Japan
Satoshi Sumita
U.S
Johson Takahashi
Mitsubishi Research Institute
Takahashi
Mr. Takahashi
Personal income and spending rise slows in September
Washington reports September consumer spending up 0.2 percent and personal income up 0.3 percent, the weakest pace in a year. Hurricane Hugo trimmed income and wages, with durable goods falling 8.1 billion while services spending rose 11.3 billion, signaling a broader economy slowdown.
MENTIONED IN THIS ARTICLE
Washington
Commerce Department
North
South Carolina
Keating Tried Political Help Over Lincoln S&L Collapse
Regulators say Lincoln Savings and Loan owner Charles Keating used political influence to aid a planned sale, with calls reaching top officials including Alan Greenspan and a Senate majority. FDIC later seized Lincoln, awaiting a heavy bailout. hearings probe delayed enforcement despite regulator warnings.
MENTIONED IN THIS ARTICLE
Washington (Ap
Lincoln Savings and Loan Association
William J. Crawford
California Department of Savings and Loans
House Baoking Committee
Washington
Phoenix
Charles H. Keating Jr
Lincoln
Irvine
Calif
Carolyn Jordan
Alan Cranston
D-Calif
Crawford
Dennis DeConcini
D-Ariz
Business, Transportation and Housing
John Geoghegan
DeConcini
M. Danny Wall
San Francisco
Mr. Wall
Office of Thrift Supervision
Keating
Wall
Federal Reserve Board
Ton
Henry B. Gonzalez
D-Texas
Bush
Gonzalez
Patriarca
Black
FDIC
California
S&l
FBI
Lawson resignation drives Tokyo market amid pound slump
The British Chancellor Nigel Lawson's resignation triggered a yen rise and a sharp drop in Tokyo stocks. The 225 Nikkei fell 151.90 points to 35,527.29 as the dollar strengthened to 142.75 yen, amid broad market volatility and a selloff in British pounds.
MENTIONED IN THIS ARTICLE
Tokyo
Tokyo Stock Exchange
New York
Masafumi Koyama
Bank of Tokyo
Nigel Lawson
Lawson
Margaret Thatcher
Treasury
Alan Walters
Wall Street
Market decline persists as earnings worries weigh on stocks
The Dow dropped 17.01 to 2598.72 amid a week of losses. NYSE volume reached 170.33 million on the floor with 416 advances, 1108 declines, and 418 unchanged as broader fears over third quarter results and Fed policy dampen investor activity. The Wilshire index fell 28.77 billion in value, and major indices including S and P and NASDAQ declined across the board.
MENTIONED IN THIS ARTICLE
New York
Federal Reserve
Fed
Wilshire Associates
NYSE
Standard & Poor
S&p
American Stock Exchange
Also Mentioned on This Page
Satt
eBy Hake
Winsers
Austin
Lillian Cramer
Frederick
Center
Nebraska
Ideal Buick
John Forthman
John Hough
Dow Jones Industrials
IBM
Kmart
Litton
Lowes
Loyola Corp
Bokshra
Bandec
Fedders
Fcnb Corp
Whittaker
F&m Bancorp
First Bank
Fred
General Motors
Quevtstiens Cosmesy
Giant Foods
Ferris, Baker Watts, Inc
Ed Bun
Lincoln S&l
Alan Greenspan
Michael Patriarca
Thrift
Nikkei Exchange
London
Nikko Securities Co
Construction
Sahsui Electric Co
Polly Peck International PLC
Equitable Federal Savings Bank
Sena
weRere
Olga Inehion
Calman
Joan
Frederick Area
D.C. Awa
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