Rates fall yet economy remains soft in Southern Illinois
First Federal Savings and Loan of Sparta reports home loan rates drop to near year lows with Monday implementation, yet Becker says the economy in Southern Illinois stays very weak. He cites weak real estate activity, rising statewide unemployment to 9.7 percent, and industry troubles in farming and coal mining, predicting potential late summer stimulation rather than immediate impact.
MENTIONED IN THIS ARTICLE
Jack Becker
First Federal Savings and Loan of
Sparta
First Federal
Southern Illinois
Becker
Washington
Illinois
University Mall in Carbondale holds strong after 11 years
A Realty Development Research Inc study shows University Mall in Carbondale attracting area shoppers after 11 years with high sales per square foot in several categories. Mall managers note a strong tenant mix and potential for more dining options as Morrison's space awaits new tenants. Local market area remains steady despite slower population growth and lower per capita income.
MENTIONED IN THIS ARTICLE
Dave DeWitte
Southern Illinoisan
University Mall
Carbondale
Chicago
West Park
Cape Girardeau
Kentucky Oaks
Paducah
Phil Favreau
Jonesboro
Lesser
Gorham
Crab Orchard
Favreau
Edie Crane
Morrison’s
Realty Development Research Inc
Meis President Sees Expansion Possible at Mall
Meis Illiana Inc. President L A Meis in Carbondale discussed expansion at the University Mall store amid a sound Southern Illinois retail outlook. He cited strong mall performance, planned service improvements, and ongoing talks with University Mall about expanding the Terre Haute based chain.
MENTIONED IN THIS ARTICLE
Dave DeWitte
Southern Illinoisan
Southern Illinois
Meis Illiana Inc
University Mall
L.A. Meis
Carbondale
Meis
Hocker & Associates
Owensboro, Ky
L.A
High tech reshapes the temp labor force in Silicon Valley
The boom and bust cycles of electronics firms and defense contractors are turning temporary staffing into a permanent feature from engineers to assembly lines. Tems are hired by agencies, raising costs but offering payroll flexibility, and are used by Apple Lockheed IBM Hewlett Packard Seagate Radionics and others to cushion layoffs and speed production. While workers gain flexibility, unions warn temps lack bargaining power and direct employer accountability in a shifting tech economy.
MENTIONED IN THIS ARTICLE
Apple Computer
Lockheed
IBM
Silicon Valley
Santa Clara County
Chris Quackenbush
Q-Tech
Santa Clara
Hewlett-Packard
Ken Lockheed
Joan Green
Seagate
Radionics
Pat Richardson
Jim Hilton
Hilton
Ellen Starbird
Afl-Cio Central Labor Council
Ed Jones
Glaziers Union
Atari
Tem
Bankers taste the changing farm credit landscape
In Pendleton South Carolina 35 bankers from Georgia Florida and the Carolinas attend a week long agricultural lending seminar at Hopkins dairy farm. Economists say Reagan era plans to cut direct farm aid shift risk to banks as lenders evaluate debt repayment capacity and cash flow over equity. The shift from balance sheet lending to income based lending leaves some farmers with limited credit sources.
MENTIONED IN THIS ARTICLE
Pendleton
S.C
Dan Smith
Clemson University
Reagan
Farmers Home Administration
Mark Hopkins
Clemson Business School
Anderson County
Hopkins
Smith
South
Midwest
Charles Broadwell
National Bank of South Carolina
Sumter
Snete
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Chaiis
John McCutchen
Ing
Apple
Garden Grove
Kathleen Dixon
Far East
Victor
Fol
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