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Stories tagged: economy


Japanese Unload U.S. Investments

Spurred by a need to salve economic wounds at home, Japanese investors have sharply accelerated their retreat from the U.S. real estate market they galloped into last decade, said a …


Greenspan Raises Odds Of Recession

Federal Reserve Chairman Alan Greenspan said Wednesday that the economic slowdown is “quite pronounced,” but chances of a recession are small because businesses have already adjusted to weaker demand for …


Economic Slowdown Raises Odds Of A Recession Several New Reports Cast Doubt On Prospects For ‘Soft Landing’

A flurry of fresh data, including the sharpest drop in factory orders in nine months, suggests the economy’s slowdown is more drastic than analysts suspected and the risk of a …


U.S. Manufacturing Growth Stalls

American manufacturing shrank in May after 20 straight months of expansion and the overall economy’s growth slowed, a survey of industrial executives showed Thursday. It was the first pullback by …


Economic Growth Slows To 2.7 Percent

Slowing from last year’s booming pace, the economy was weaker in the first quarter this year than it has been for 18 months, a change welcomed by analysts. The Commerce …


Lawmakers Predict Economic Hardship

Western Republicans warned President Clinton on Thursday he will bring further economic hardship to timber communities and exacerbate fire threats on national forests if he vetoes a spending bill that …


Sales Of Existing Homes Plunge To Three-Year Low April Drop Raises New Concerns About Economic Slowdown

Sales of previously-owned homes fell during April to the lowest level in almost three years, suggesting that lower mortgage rates may not be enough to keep the U.S. economy from …


Fed Takes No Action On Interest Rates

Confronted with mounting evidence of an economic slowdown, the Federal Reserve did the expected Tuesday and left interest rates unchanged. Analysts said the central bank may keep interest rates on …


Forecaster Sees Strong Job Growth Spokane County Likely To Add 9,000 Positions During 1995

Nearly 9,000 new jobs will be created in Spokane County this year, driven largely by gains among distributors, retailers and business services, a new economic report predicts. The growth would …


Economic Reports Signal Slowdown

More signs of economic sluggishness emerged Tuesday - the fourth straight decline in singlefamily home building and the lowest industrial output in nine months. Analysts attributed the lackluster performance in …


Good Feelings As Clinton Meets With Ukraine Chief Economic Reform, Eliminating Nuclear Weapons Earns Praise

Ukrainian Presiden Leonid Kuchma welcomes President Clinton. Photo by Associated Press


Silver Prices Reach $6 For First Time Since ‘88

Silver prices finally pushed over the $6 an ounce barrier Thursday, rising a hefty 14 cents on the New York Comex spot market to close at $6.10. The last time …


Indicators Point To Slowdown Some Economists Say Drop May Be Prelude To Recession

The government’s main economic forecasting index took its biggest tumble in two years in March, prompting some talk of recession as financial markets rallied in hope inflation will remain at …


Incomes And Spending Increase In March Farm Subsides Boost Incomes; Spending Shows Economic Expansion Isn’t Running Out Of Steam

Boosted by farm subsidies, the income of Americans rose more strongly in March than it had in two months and spending nearly kept pace. The Commerce Department said Monday that …


Personal Incomes Climb 4.9 Percent

Iowa, South Dakota and North Dakota, helped by record crop production last year, led the way as personal income in the nation rose 4.9 percent, the Commerce Department reported Thursday. …


Housing Starts Hit Two-Year Low Soggy Weather Blamed For 20.7% Plunge In West

Construction of new homes fell in March to the lowest level in two years as builders paused for lower mortgage rates to pare inventories and for the West Coast to …


Prosperity Overshadowed By Concern

Many Americans are worrying less about the status of their pocketbooks, yet believe the country is on a long-term slide and don’t trust government a whit. Money magazine’s 10th poll …


Greenspan: Inflation Under Control Fed Chief Says Central Banks Must Maintain Progress

Inflation is under control around the globe and the job of central banks worldwide is to keep up the progress, Federal Reserve Chairman Alan Greenspan said Tuesday. On another issue, …


Inflation Almost Nil During March

Decreases in food and energy prices helped offset small increases for other consumer goods to keep the U.S. producer price index for finished goods unchanged in March, the Labor Department …


Trickle Down Is A Tricky Way To Rationalize

The nation again is being asked to believe that tax breaks for the wealthy somehow trickle down to others. It’s part of the GOP’s “Contract With America.”


Consumers Add To Installment Debt

Consumer credit rose $8.2 billion in February, a strong gain but less than the previous month’s increase of $9 billion. The latest rise in installment debt - the 27th straight …


Batt Asks Federal Aid For Beleaguered Timber Town

Gov. Phil Batt has formally asked federal officials to provide financial help to the beleaguered timber town of Council, making it the first Idaho community placed under an economic disaster …


Leading Indicators Plunge Sharpest Drop In 19 Months Signals Slower Growth Ahead

The government’s main economic forecasting gauge recorded its sharpest drop in 19 months in February. Big stock market gains prevented it from falling even further. “The signs point to slower …


Region’s Fast Growth Likely To Last Knowledge-Based Industry Offsets Loss Of Boeing Jobs

Economic growth in the Northwest, powered in large part by inmigration, will outstrip that for the nation as a whole for at least the next year, First Interstate Bank Senior …


Mexican Outlook Revised Downward

Standard & Poor’s Corp. on Wednesday affirmed Mexico’s foreign currency debt ratings but revised downward the outlook, reflecting concerns that the country faces acute difficulties ahead. The ratings agency affirmed …


Mexican Banks Confident They Will Survive Crisis The Biggest Challenge Is Expected To Occur During The Next Three Months

The next three months will be the toughest for Mexican banks, but most will pull through their country’s economic crisis, Mexican banking leaders said Thursday. The government’s bank stabilization plan …


Consumer Prices Shoot Up 0.3% But Housing Construction Drops To Lowest Level In A Year

Higher costs for food, education and airline fares combined to push consumer inflation up by 0.3 percent in February while housing construction fell for a second straight month. Financial markets, …


Mexico Plan Props Up Peso

The government is asking Mexicans already stung by rising prices to swallow a bitter pill of tax hikes, wage restrictions and other austerity measures to help cure the country’s worsening …


U.S. Vows To Defend Weak Dollar Currency Markets Shrug Off Treasury Secretary’s Remarks

The world should be “absolutely clear” that America will defend its currency, the Clinton administration declared Thursday, striking a resolute note as financial markets continued to pound the dollar. While …


Mexico Unveils Economic Austerity Plan

Treasury Secretary Guillermo Ortiz announced stiff austerity measures late Thursday to brake Mexico’s financial tailspin, hours after the peso had tumbled to its fifth-straight record low. “The program that the …