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Stories tagged: economy


Inflation Woes Could Crimp Summer’s Activities Family Picnics And Long Drives In The Country Could Be More Expensive

After a seemingly endless winter, many people now yearn for leisurely drives in the country, outdoor picnics and family barbecues. But will summer be chilled by rising prices at gas …


California Emerges From Its Economic Doldrums But That Means Less Population Growth For Washington, Idaho

California is back. After five years of economic weakness, personal incomes in America’s most populous state shot up 6 percent in 1995, putting it in the top 10 for income …


Mandela Predicts Recovery Of Rand

President Nelson Mandela predicted Saturday that the plunging South African rand will eventually regain the nearly 18 percent it has lost on international currency markets over the past two months. …


Kazakstan’s Debt Could Kill Diabetics

Thousands of diabetics in the former Soviet republic of Kazakstan may die if the cash-strapped government fails to pay for more insulin in the next month, a diabetics association said …


Collapse Of North Korea Imminent, Sources Predict

Worsening food and fuel shortages in North Korea could cause the collapse of one of the world’s last communist regimes, U.S. officials said Monday. Although U.S. intelligence officials are reluctant …


Business Investment Likely To Drop In ‘96

Business investment, a major driving force during the five-year economic expansion, is expected to drop this year to its slowest pace since the last recession. The Commerce Department reported Thursday …


Sense Of The District Deep-Felt Frustrations Economic Insecurity, Social Decay Leave Region’s Voters Feeling There’s Nowhere To Turn

1. Systemic problems. Rathdrum barber Don Royse, 61, says U.S. culture is driven by pleasure, not values. “Kids get married, they don’t get their own way, they get divorced,” he …


Sense Of The District Primary Concerns Region’s Voters Are Worried About Way Things Are, Yet Skeptical Of Major Changes

1. Picking a president. Businessman Rick Walsh says the government shouldn’t abandon social programs. “You’ve got to care about other people,” he says. “And that’s what government should do.” Photo …


Refinancing Slowed By Rise In Interest Rates

As the year began it looked like a good time to refinance the mortgage. Rates were going down, and everybody thought they’d go lower. The tough call: How low was …


Retailers Report Improved Sales

Consumers returned to department stores, shopping malls and auto dealerships in February, driving retail sales up 0.8 percent after a winter-related stall. But analysts cautioned the rebound did not signal …


Housing Starts Hit 14-Month High

Housing starts shot up to a 14-month high in February as builders rushed to pour foundations in anticipation of a surge of home buyers wanting to beat rising mortgage rates. …


Factory Output Jumps 1.2 Percent But Consumer Prices Increased Just 0.2 Percent In February

The nation’s factories regained their footing in February after stumbling through much of 1995. Output increased by the largest amount in more than eight years and without fueling inflation. The …


Fall In Incomes, Housing Hurts Poor

The one-two punch of declining incomes and shrinking housing supplies forced a record 5.3 million poor families seeking federal help to spend too much on rent or live in substandard …


Stock Skid Rocks Mutual Funds

What a way to say thank you. More money was invested in stock mutual funds in January and February than in any previous month since the Investment Company Institute started …


Sunshine Mine Plans To Double Production 60 More Workers Will Be Hired As Hope Returns To Silver Valley

Workers leave the Sunshine Mine after the shift change Monday. Photo by Jesse Tinsley/The Spokesman-Review


Bad Data Lead To False Conclusions

In the 1992 election, the big issue was “the economy, stupid.” Now, pundits are saying the presidential debate this year will be about falling wages and record profits. Politicians aver …


Playing Out Their Fears Children Of Laid-Off Parents Often Show Signs Of Stress From Unemployment

The Pauker children let their feelings of stress emerge while playing Barbies as their parents watch. Photo by Knight-Ridder


Squeezing The Middle Class Gop Presidential Candidates Admit Their Main Constituency Is Having Troubles

1. Pat Buchanan was the first Republican candidate to jump on the “shrinking middle class” bandwagon. His answer: restrictions to keep jobs in the United States. Photo by Associated Press …


Budget Crunch Forces Cutbacks In Sandpoint

An unexpected budget crunch prompted the city of Sandpoint to make cutbacks this week, starting with the termination of its economic development director. Susan Johnson, a former city councilwoman, was …


Economists Horrified By Buchanan’s Views

A lot of economists sneered when proposals for a flat tax and a gold standard rose to national attention along with the presidential candidacy of Malcolm S. “Steve” Forbes Jr. …


2 Mines To Reopen In Idaho Firm Hires 100 Miners As Coeur And Galena To Reopen

Two idled North Idaho silver mines will roar back into production in coming months, the mines’ operators announced Friday, shocking the world silver market and pleasantly surprising the long-depressed Silver …


U.S. Enjoys Fourth Year Of Low Inflation Smallest Rise In Health Costs In 23 Years Helps Hold Inflation To 2.5 Percent In 1995

Consumer prices rose just 2.5 percent in 1995, helped by the smallest increase in health costs in 23 years. It was the nation’s fourth straight year of moderate inflation, the …


Precious Metal Prices Shoot Up Lower Interest Rates Fuel Big Increase

Gold and silver prices shot upward Thursday on the strength of lower interest rates and some technical factors, analysts said. Gold rocketed up $5.20 an ounce to close at $410.80 …


Spokane Bankruptcies Soar Filings Up 31 Percent In 1995

Bankruptcy filings in Spokane soared 31 percent in 1995, reaching levels not seen since the economic dog days of the 1980s. The figures are another sign, along with declining construction …


Economic Growth Expected To Slow, Panelists Say Inland Northwest Should Mimic National Trend This Year

Overheated economies will cool in 1996, but expansion - albeit at slower rates - is expected to continue nationally, regionally and locally. That seems to be the consensus forecast of …


Sandpoint Braces For Wal-Mart Downtown Stores Must Change To Survive, Consultant Says

Critics fear shoppers in downtown Sandpoint may thin out after a Wal-Mart store opens in nearby Ponderay. Photo by Jesse Tinsley/The Spokesman-Review


Work Starts On Proposed 5-Year Plan Core Group Launches Effort To Draft ‘New Century Plan’

An effort to create a broadbased five-year economic development plan was launched Wednesday by business and community leaders from the Spokane-Coeur d’Alene area. These leaders hope they can start implementing …


Stalled Talks Send Market Into Tailspin Budget Deal Unlikely Before November

The stock market plunged almost 100 points Wednesday after top Republicans and President Clinton openly acknowledged that it may take the November elections to break their stalemate over the federal …


Sell-Off Rocks Wall Street But Market Watchers Don’t See Long-Term Fall

Traders assess the damage Wednesday on the floor of the New York Stock Exchange, where the Dow Jones industrial average lost more than 97 points. Photo by Associated Press


It’s No Worker’s Paradise Bonner Has Beauty, But Few Good Jobs

With its lakes, mountains, clean air and low crime rate, Bonner County has become an ideal place to live. But it’s also becoming a tough place to make a living, …