Arrow-right Camera

Tags


Everything tagged


Sort by:

Stories tagged: economy


Greenspan: Defeat Caused Decline Plunge In Dollar’s Value Due To Amendment’s Failure, He Says

Greenspan


U.S. Dollar Getting Bad Reputation Investors Starting To Class Greenback With Peso And Lira

The world’s currencies rapidly are dividing up into winners and losers, and right now, the U.S. dollar is on the losing team. Along with the Mexican peso, the Italian lira …


Peso Falls Again

The peso hit a historic low of 7 to the dollar in midday trading on currency markets Monday, but rebounded slightly by afternoon. The peso was trading at 6.53 to …


Bank Intervention Fails To Halt Dollar’s Plunge American Currency Hits Another Record Low Against Japanese Yen

The U.S. dollar sank in value against most other major currencies Friday, hitting a record low against the Japanese yen despite a massive effort by central banks around the world …


Spending Spree Slows Despite Income Gains Sales Of New Homes Shoot Up 3.8% In Spite Of Higher Interest Rates

New-home sales rose in January despite higher interest rates, while the incomes of Americans posted a solid advance that exceeded spending increases. But analysts said the economy is slowing and …


Home Sales Drop To Two-Year Low

High interest rates are taking a toll on the housing market, pushing January sales of previously owned homes to the lowest level in nearly two years. In another report Tuesday, …


Strong Gain In Orders Surprises Reports Suggests Economy Remains On `Solid Footing’

Factory orders for interest-sensitive durable goods rose in January for the third straight month, led by bigger demand for industrial machinery and equipment. Analysts said talk of a dramatically slower …


Losing Steam Fed Chairman Says Signs Point Toward Slower Economic Growth

Senate Banking Committee Chairman Alfonse D’Amato, left, chats Wednesday with Federal Reserve Board Chairman Alan Greenspan prior to Greenspan’s testimony before the committee. Photo by Associated Press


Mexico, U.S. Agree On Financial Bailout $20 Billion In American Loans To Be Secured With Oil Revenues

Mexico agreed Tuesday to U.S. conditions for a financial bailout package which will pump up to $20 billion in U.S. treasury funds into Mexican bonds and other securities to boost …


Mexican Markets Slump Despite Bailout

The signing of a $20 billion loan package Tuesday failed to boost the Mexican stock markets or the peso. A sharp rise in interest rates, made as part of the …


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 …