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Stories tagged: economy


Consumer Outlook, Home Sales Drop

Lower consumer confidence and falling home sales added to the picture of U.S. economic weakness Wednesday, raising expectations that the Federal Reserve may lower interest rates again in early 1996. …


Boom Times In Ponderay New Commercial District Brings Giant Boost To City’s Budget

Ponderay Mayor James Hunt is proud of his town’s new commercial district. Photo by Jesse Tinsley/The Spokesman-Review


Markets Plummet Drop Driven By Fear That Interest Rate Cut Won’t Materialize

Computer glitches and political squabbles made Monday an eye-rubbing day at the New York Stock Exchange. Photo by Associated Press


Budget Forecast: Continued Squalls

A mere seven days ago, congressional Republicans seemed ready to put the screws to Bill Clinton. The president had finked out on his promise. He had said he’d recommend ways …


Orange County Bankruptcy Filing Produces Pain, But No Meltdown

Robert Citron, former Orange County, Calif., treasurer, enters the U.S. Federal Securities and Exchange Commission in Los Angeles last January. Photo by Associated Press


Shoppers Tightfisted; Holiday Sales Sluggish Consumers Likely To Wait Until Last Minute To Go On Buying Binge

The holiday shopping season is off to a slack start despite efforts by retailers to boost sales. An FAO Schwarz employee dressed as a toy soldier beckons shoppers in front …


Holiday Shopping Season A Real Turkey

Like an overstuffed turkey, the holiday shopping season began sluggishly the day after Thanksgiving in Seattle and much of the rest of the nation, a check-acceptance company said Saturday. Friday …


Year-End Calendar Drives Economic Decisions

The calendar tells the story. Thanksgiving is this week, and Christmas looms ahead. Before you know it we will be into a new year and - gads! - a presidential …


Idaho Employment Drops 4 Percent

Total employment in Idaho fell more than 4 percent between March and August, dropping from 488,000 to 467,000, according to a First Interstate Bank newsletter. The bank put construction employment …


Mixed Signals Raise Economic Doubts

Factory orders rose strongly in September for the second straight month, spurred by rising business demand for big-ticket durable goods. But analysts said the gains were uneven and noted that …


Lower Interest Rates Boost Home Sales

Falling mortgage rates helped boost sales of previously owned homes in September to the highest level in nearly two years. The National Association of Realtors reported Wednesday that sales of …


Car, Plane Exports Shrink Trade Deficit

The U.S. trade deficit narrowed sharply to $8.82 billion in August, the smallest gap this year, as exports climbed to an all-time high. Big gains in sales of autos and …


Cda To Share Festival Stage With Sandpoint

Controversy over the use of Memorial Field finally has taken its toll on the Festival at Sandpoint. Organizers said Wednesday they will yank up festival tent stakes and move half …


Sales Up; Consumer Prices Steady Economic Reports Encourage Economists, Stock Market

News of slowing inflation helped spark activity on the New York Stock Exchange Friday. The Dow Jones industrial average gained 28.9 points. Photo by Associated Press


Spokane County Home Sales Show Decline In September But Sale Prices Manage To Show Slight Increase Over Previous Year’s Figures

Homes sales in Spokane County fell significantly in September compared with August and the same month a year ago. But, according to the Multiple Listings Service of the Spokane Association …


New-Home Building Rose 0.6% In August

Construction of new homes rose in August for the fifth straight month, but the increase was the smallest since the housing industry began its rebound from a winter slump. Analysts …


Industrial Output Shoots Up 1.1 Percent

The nation’s industrial production rose more rapidly in August than it had since last year, as assembly lines churned out new cars and power plants ran full blast to cope …


U.S. Productivity Hits Nine-Year High

The productivity of the American work force posted its best quarterly performance in nine years, an efficiency that helped drive down labor costs. The Labor Department said Thursday that non-farm …


Wages Steady While Profits Climb, Institute Reports Only Top Wage Earners Better Off Over 6 Years, Labor-Linked Group Says

Business profits have soared in the 1990s largely because the wages of American workers have been kept stagnant, according to a report released Saturday by a think tank affiliated with …


Reports Signal Sluggish Growth

Factory orders for big-ticket durable goods are down for the fifth time this year and claims for jobless benefits are up for a third straight week, new signs of economic …


German Bank Trims Key Interest Rates

The Bundesbank cut a half-point off Germany’s two main official interest rates Thursday, giving an initial boost to the U.S. dollar and pleasing German government officials who hope for stable …


Low Rates Fuel Housing Boom

Housing starts posted a fourth straight gain in July - the biggest in 16 months, providing new evidence that low mortgage rates have helped rouse the industry from its winter …


Business Inventories Increase During May

In a fresh sign that recession worries are receding, businesses added to their inventories in May at the slowest pace in five months. Analysts said a slower buildup in stockpiles …


Trial Brings Out Media, Capitalists

Marion Hawkins has waited for months for Susan Smith to come back to Union to face murder charges, but he’s more concerned about keeping his drinks cold than learning why …


U.S, Japan Put Economies On Line In Trade Feud At Worst, Unresolved Dispute Could Trigger A Worldwide Recession

With a deadline only two days away and both sides still far apart, some are beginning to think the unthinkable - that the world’s two largest economies could really be …


Fed Chief Says Recession Possible Greenspan Warns Of ‘Very Little’ Second-Quarter Growth

Greenspan


Price Swings Rock Timber Industry Logs May Be Worth More As Chips Than Lumber

1. Greg Stensland thins pine trees for a North Idaho private landowner. Companies have discovered profits in harvesting smaller trees for chip wood. Photo by Craig Buck/The Spokesman-Review 2. Andre …


Consumer Outlook Is On The Upswing

A widely followed measure of consumer sentiment turned in a much stronger showing than expected in June, adding a mixed signal to economic figures that have been pointing toward slower …


Gambling Pays Off For Tribe Kootenais Using Profits To Buy Land, Improve Other Businesses

Tribal Chairman Velma Bahe, center, Dianne David, right, Raymond and Dixie Abraham in the Kootenai River Inn’s new pulltab room. Photo by Craig Buck/The Spokesman-Review


Americans Buckle Up For Bumpy Landing Consumers Pull Back As Signs Point To Tougher Times Ahead

Rising jobless claims. Falling factory orders. The stock market diving 82 points in mid-May, then shooting up two weeks later. Many Americans are trying to figure out whether the five-year …