Rich get richer as poor slip deeper in federal study
A Ways and Means Committee report covering 1973 1987 shows the top 20 percent of U S households increasing average incomes from 60399 to 67416 while the bottom fifth fall from 5507 to 5107 after inflation adjustments. Welfare cuts and low wage jobs drive widening inequality, though elderly incomes rise 20 to 30 percent due to Social Security and pensions.
MENTIONED IN THIS ARTICLE
Washington
America
House
Ways and Means Committee
Thomas Downey
D-N.y
Subcommittee On Human Resources
Committee On Ways and Means
Drought slows growth in GNP in late 1988 report
The Commerce Department said the 1988 fourth quarter GNP rose 2.4 percent at an annual rate, weighed by last summer’s drought, with the full year up 3.9 percent. Analysts expect 1989 growth to slow to about 2.7 percent as inflation remains high and Fed rate hikes bite. Corporate profits rose 14.6 percent for 1988.
MENTIONED IN THIS ARTICLE
Washington
Commerce Department
Allen Sinai
The
Boston Co. Inc
Federal Reserve Board
Kidron Auction Receipts Patchy Yet Prices Steady Across Livestock
Kidron consignments Thursday were lighter due to a pre holiday sale but prices held. Feeder pigs rose with top pigs near a dollar. Holstein calves strong $140-$154. Holstein cows slightly down. Market hogs edged down while dairy cattle remained in strong demand. Hay and straw volumes surged to a record 203 loads with first cut hay $60-$145 and second fourth cuts mostly $90-$140, top loads $180-$190. Feeder cattle and cattle prices listed across steers, heifers, cows, and calves. sheep, goats, and dairy cattle shown with varied bids.
MENTIONED IN THIS ARTICLE
Kidron
Polaroid Beats Shamrock Takeover Bid in Court Victory
In Boston, Polaroid Corp. won a major setback for Shamrock Holdings Inc. as the Delaware Supreme Court refused Shamrock’s bid to extend a one week injunction blocking Polaroid’s plan to buy back 16 million shares. The ruling clears the way for the buyback, effectively confronting Shamrock’s 3.2 billion takeover attempt.
MENTIONED IN THIS ARTICLE
Boston
Shamrock Holdings Inc
Polaroid Corp
Delaware Supreme Court
Polaroid
Shamrock
Also Mentioned on This Page
New York
NYSE
At&t
akrHu
Omwee
Cpsyc
Conrail
Deere
duPont
Exxon
Ferro
Ford
IBM
Kmart
LaPac
McA
Merck
Wonsan
Nashua
Roy
Ucarb
Unisys
Unocal
Upjohn
Valero
Kidron Livestock
Powers & Dawley
Unden
Woolrich Lleton
Hart Schaffner & Marx
Pendleton Jaymar
Haggar
Vandeter Moe'righ
Coen Sopistan E Jantzen
Tanner Linda Lewi
Hart, Schaffner & Marx
Jaymar Jones
N.Y
Awe Flarsheier
W. College
Oberlin
Wl Jackets
Ridgeville
Aves Est
Yri
Wellington
Columbia Station
Keystone
Arthur Young
Changing Times
Ee Wik Oeaving
Depost
National City Bank
Conrad and Associates, Inc
National City Bark
Is Coments
National Cry Bank
Te Ame
Cleveland, Ohio
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