Job layoffs expected as tight money rules hit small firms
Economists warn rising interest rates will hit small businesses first, limiting credit and lifting costs. Midwest micro manufacturers and retailers face higher borrowing costs, with part time workers and women in the hardest hit roles. Mortgage and auto lending will tighten, possibly deepening a coming recession and higher unemployment. SBA loans offer limited relief as banks prioritize higher interest borrowers.
MENTIONED IN THIS ARTICLE
Glenn Ritt
Associated Press
Washington
Midwest
Federal Reserve Board
Chase Manhattan Bank
Richard Landry
U.S Chamber of Commerce
Landry
William E. Gibson
Smith Barney Harris Upham & Co. Inc
Small Business Administration
SBA
Jan Nowak
Motion to drop Estes indictment remains in dispute
The Justice Department moved to dismiss the remaining indictment against Billie Sol Estes and Raymond K. Horton. Estes, a Pecos native and once partner, were convicted July 11 on fraud and conspiracy charges with a separate count deadlocked. he faces parole violation issues and awaits a Pardon and Paroles Board decision, while Horton received a three year term.
MENTIONED IN THIS ARTICLE
Dallas
Justice Department
Billie Sol Estes
Pecos
Raymond K. Horton
U.S
Jim Rolfe
Estes
Estes and Horton
Horton
la Tuna Federal Correctional Institution
el Paso
U.S. Pardon and Paroles Board
Hill
la Tuna
EPA chief says water cleanup may cost taxpayers billions
Environmental Protection Agency head Douglas M. Castle told a Houston audience and delegates at the Water Pollution Control Federation that cleaning the nation's water is possible but will demand billions of dollars and years of research. He warned of hazards from chemical waste and noted 700 man made chemicals in Cincinnati's water. He argued for steady funding and faster plant deployment, citing past successes and urging Congress to act without delay.
MENTIONED IN THIS ARTICLE
Rob Wood
Associated Press
Houston
Douglas M. Castle
U.S. Environmental Protection Agency
Castle
Water Pollution Control Federation
Congress
EPA
Cincinnati
Leaders oppose bilingual cuts in Texas education
CORPUS CHRISTI Texas AP two state Mexican American leaders condemn Texas Education Commissioner Alton Bowens call to halt expansion of bilingual education. Senator Carlos Truan warns federal intervention may be needed to preserve programs amid Bowens stance. Ruben Bonilla of LU LACIS urges Bowens resignation if he denies data showing Spanish speaking Texans lag in attainment.
MENTIONED IN THIS ARTICLE
Corpus Christi
Texas
Carlos Truan
Senate
Texas Education
Alton Bowen
Bowen
Ruben Bonilla
League of United Latin American Citizens
Bonilla
Hispanic groups push for Hispanic ambassador role after Lucey resignation
Hispanic leaders press Carter to nominate a Hispanic to fill the Mexico ambassador vacancy after Patrick Lucey’s resignation. Bonilla and MALDEF officials name candidates and urge quick action, citing the need for a qualified Hispanic in a critical post and possible other vacancies in education, justice, and immigration.
MENTIONED IN THIS ARTICLE
Valdez
Also Mentioned on This Page
Hilcrest
Precinct Four
Bernardo Martinez
CETA
Robert Hill
Willimantic River
Connecticut
Bogue Lusa Creek
Chicago
Lake Erie
River Rouge
Detroit
Federation
Martin Lang
Mexico
Sol Sussman
Washington (Ap
Carter
Patrick J. Lucey
The
Lucey
Wisconsin
Mexico City
Bob Krueger
Wilma Martinez
Southwest Regional Border Commission
Abelardo L. Valdez
White House
Floresville
Latin America
Agency For International Development
Aldrete
del Rio
Lloyd Bentsen
Border Commission
Tle
Department of Education
Immigration Service
Sea Prn Tay
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