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Stories tagged: economy


States Reconsider Business Plans In Mexico Falling Peso, Rising Tensions Temper Post-Nafta Optimism

After a flurry of openings following enactment of the North American Free Trade Agreement, trade officials of U.S. states in this city are rethinking their roles in the wake of …


Italian Adversaries Join Forces To Try To Stop Lira’s Nose Dive

Seeking to halt the lira’s nose dive, political adversaries put aside differences Sunday to offer support for a deficit-cutting proposal by Premier Lamberto Dini. The lira crashed through a series …


U.S. Firms Face Rough Year In Mexico Devaluation Of Mexican Peso, Economic, Political Turbulence Create Unexpected Challenges

Workers clean a sign at a McDonald’s restaurant in a Mexico City suburb. McDonald’s has a major presence in Mexico. File/Associated Press


Consumer Prices Shoot Up 0.3 Percent

Increases for everything from airline fares to postage stamps sent prices rising in January with the underlying inflation rate climbing at the fastest pace in more than two years. The …


Wheat Crop Worth Millions To Economy

Wheat pumps $151 million into Washington’s economy each year, and produces another $80 million in state and local taxes, a new Washington State University study shows. About 13,400 jobs are …


Micron’s Decision Brings Sigh Of Relief From Advocates Of Slow Growth

The news that Micron won’t be coming to North Idaho is bittersweet. True, our job-thirsty and tax-dry economy could use a major river of revenue. The $1.3 billion expansion from …


Japan’s Economic Power May Be Waning

Only a few years ago, somber warnings were being heard that many major U.S. commercial banks were on the verge of collapse. That didn’t happen. Now Japan’s largest bank, Sumitomo, …


Inflation Numbers Could Be Deceiving

Inflation at the wholesale level was moderate last month. But the latest government figures provide mixed signals that reflect possible turbulence beneath the calm. The Labor Department said Friday the …


Economics: The Great Science Of Hindsight

No one has come out of the Big Peso Panic covered with glory. But aside from Mexico’s own leaders, those who have emerged with the most salsa on their faces …


New-Home Sales Hit Six-Year High In ‘94

New-home sales posted a six-year high in 1994, although rising mortgage rates and a sharp inventory buildup signaled a housing slowdown this year. While home builders were threatened with a …


Residential Building Fell In 1994 As Inventories, Interest Rates Rose

Sagging Spokane area construction activity in the last half of 1994 dragged totals for the year below those for 1993. In December, the city issued the fewest number of permits …


Clinton Puts His Neck Out For Mexico As Congress Balks At Bailout, President Acts On His Own

With Mexico on the verge of financial collapse and Congress balking at helping a neighbor, President Clinton struck out on his own Tuesday with an emergency Mexican rescue package of …


U.S. Income Growth Exceeds Spending

Americans’ income is growing more rapidly than spending, leaving analysts to wonder how soon an anticipated economic slowdown will materialize. The Commerce Department reported Monday that personal income rose a …


All-Weather Mutual Funds Not The Best Performers

Ask a group of mutual-fund investors to describe the ideal stock fund and the consensus might go something like this: The fund beats the market averages when stock prices are …


Convention Impact Hits $46 Million

Spokane’s Convention and Visitor’s Bureau reported $46 million of convention-related business last year, and predicted conventions would bring more business here in 1995. The bureau uses a formula to figure …


Necessity, Not Preference, Drives More Workers Into Part-Time Jobs

An explosion of part-time jobs is finally getting some of the attention it so desperately deserves. Part-time work as an element of economic vigor has been so strenuously ignored that …


Crafting A Budget With Balance

Addressing the subject of a balanced budget amendment to the Constitution, Sen. Chris Dodd of Connecticut, President Clinton’s choice to be the Democratic National Committee’s rhetorician, demonstrates why he may …


Rising Interest Rates, Falling Orders Eat Into Home Builders’ Earnings

Rising mortgage rates and declining new orders dealt home builders a double whammy in late 1994, knocking down earnings in the last quarter compared with a year earlier. Analysts say …


More Of Same Likely For Investors

Ed and Donna Brown worry that time is running out. They watched 30-year, fixed-rate mortgages rise more than 2 percentage points last year, and fear that the climb isn’t over …


Bailout Fund Helps Peso Stage Slight Recovery U.S., Canadian Line Of Credit Comes To The Aid Of Mexico’s Embattled Currency, But Market Confidence Is Low

The peso rose slightly Monday as Mexico began drawing on a bailout package from the United States and Canada. But the stock market plunged, with investors unconvinced of the government’s …


Consumers Are Piling Up The Debt November Marked Biggest Increase Since August

Consumer credit rose $12.9 billion in November, the 24th straight monthly advance and biggest increase since August, the government said Monday. The Federal Reserve said installment debt jumped 17.8 percent …


War Ruins Budget, Endangers Reforms

Russia’s disastrous war in Chechnya, now entering its fifth week, has shattered Moscow’s financial and budgetary plans for 1995 and thrown into question the future of economic reforms, according to …


Peso Continues Its Dramatic Decline

The Mexican peso fell to a new record low against the dollar in late trading Friday, a decline dealers attributed to a surge of speculative demand for the U.S. currency. …


Building Spending Grew In November

Led by the biggest increase in private residential and commercial outlays in eight months, construction spending grew in November for the fourth straight month despite higher interest rates. The Commerce …


Peso’s Plunge Cools Off Mexican Market As U.S. Export Destination

Jose Carlos changes signs raising the price of some of his goods in a grocery store in downtown Mexico City. The plunging peso has raised havoc for Mexican businesses and …


A Tough Year For Fund Investors

It was a year of hard knocks for mutual funds in 1994. Losses were common among both domestic and world funds alike, from the most conservative to the most speculative …


Rising Rates Sink Stocks

Investor gloom was widespread in 1994. From New York to Hong Kong to Mexico City, stocks fell. Blood spilled in the U.S. bond market. The dollar’s value dropped sharply against …