Inflation makes borrowing money seem respectable again
New York buyers face rising debt as inflation erodes purchasing power. Consumer credit neared 233 billion in June and margin debt hit a record 11.19 billion in July, with rates at 9.5 percent on mortgages. Analysts note non‑purpose borrowing swells totals, while inflation shifts the burden toward borrowers and away from savers.
MENTIONED IN THIS ARTICLE
New York
Ralph Waldo Emerson
Thomas Jefferson
LF Morgages
New York Stock Exchange
United States
Secretary promotes state employees group on company time
In Annapolis a comptroller division secretary used state facilities during work hours to promote SEMPA, a new association for state managers and professionals. Acting SEMPA chair Serviss confirmed the activity and noted SEMPA has about 250 members, formed to better represent management staff than MCEA. A boatride invite circulated on employee boards with a state phone listing.
MENTIONED IN THIS ARTICLE
Annapolisap
Comptroller’s Department
Association of State Employees
Robert Loopcross
Kathie Swigert
State Employees Management and Professional Association
SEMP
Serviss
Miss Swigert
Annapolis
Kathie
Csemosa Wrag Iegsarac
SEMPA
Maryland Classified Employees Association
MCEA
Also Mentioned on This Page
Carter
Washington
Secret Service
Turkey
Treas
Adrian McC “Mac
Remsberg
G. Barry Lucey
Jenkins Bros. Canning
Mike Brittain
Frederick Co
William B. Crum
Barbara E. Crum
Sperry New Holland
Mullaivy
Eresville Motor, Inc
Frederick
Charlie Smith
Blair Lee
Frederick County
SEC
Fred Wineland
CHMN
John Wolfgang
Charlie
Louis Goldstein
Goodloe Byron
John Hanson Briscoe
Fred Mourhoff
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