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CALIFORNIA | LOCAL
November 11, 1995
The Port of Long Beach shines as the "crown jewel" of U.S. economic strategy, U.S. Trade Representative Mickey Kantor told port and city officials Friday. He said the port--the nation's busiest--must continue to grow as international trade agreements eclipse Cold War military alliances, and noted that trade "has become a national strategic issue." Kantor could offer no federal aid for local ventures--such as the $1.
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NEWS
December 24, 2001 | RONALD BROWNSTEIN
Shed no tears for the demise of the economic stimulus plan in Congress last week. Bloated and extravagantly expensive, the bill promised little benefit for the economy even as it threatened great harm to the federal treasury. It amply deserved its burial. But the manner of the legislation's death is still ominous, for it signals a return to the partisan polarization that defined--and often derailed--Congress before Sept. 11.
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BUSINESS
April 8, 1993 | From Associated Press
American consumers increased their borrowing for the sixth consecutive month in February, bringing their total debt to the highest level in 16 months, the government said Wednesday. Consumer installment credit outstanding rose at a seasonally adjusted annual rate of 1.9% to $728.8 billion, the highest level since October, 1991, the Federal Reserve said. February's gain followed a 1.6% rise at an annual rate in January and a 5.3% rate advance in December, the best in two years.
NEWS
March 31, 2000 | ROBERT A. ROSENBLATT and ALISSA J. RUBIN, TIMES STAFF WRITERS
The booming economy is generating huge tax revenues that will extend the life of the Social Security fund another three years until 2037 and give Medicare a big eight-year boost until 2023, federal officials reported Thursday. "Americans will live longer and grow richer than previously thought," Treasury Secretary Lawrence Summers said at a news conference.
BUSINESS
March 12, 2000 | TOM PETRUNO
Attention, citizens! Here are the New Commandments, as handed down by your Federal Reserve Board: I) Thou shalt not spend thy money on new homes, cars, major appliances or anything else that might boost the economy or otherwise result in a wider gap between demand and supply. (Los Angeles Clippers tickets, naturally, aren't covered by this commandment.
BUSINESS
June 10, 1998 | From Times Wire Services
Sales by U.S. distributors rose at their slowest pace in five months during April and inventories stopped rising, suggesting the second-quarter slowdown the Federal Reserve Board would like to see may be underway. In a separate report, a private employment group found that a surge in merger-related layoffs in the last two months could also foreshadow slowing. The report by Challenger, Gray & Christmas Inc.
BUSINESS
March 2, 1991 | From Times Wire Services
The government's main gauge for forecasting economic activity fell 0.4% in January, its sixth straight drop, but some analysts said the relatively moderate decline signaled a mild recession. The index of leading economic indicators' string of declines, which included a revised 0.1% drop in December, matched the six consecutive drops from May through October, 1984, the Commerce Department said. The December index first was reported to have edged up 0.1%.
NEWS
December 24, 2001 | RONALD BROWNSTEIN
Shed no tears for the demise of the economic stimulus plan in Congress last week. Bloated and extravagantly expensive, the bill promised little benefit for the economy even as it threatened great harm to the federal treasury. It amply deserved its burial. But the manner of the legislation's death is still ominous, for it signals a return to the partisan polarization that defined--and often derailed--Congress before Sept. 11.
BUSINESS
June 20, 1992 | From Times Staff and Wire Reports
Consumer Confidence Rises, Survey Says: A closely watched measurement of American consumer confidence increased in mid-June, economists said, substantiating evidence that the recovery from recession is strengthening. The University of Michigan's index of consumer sentiment registered 80.6 in a preliminary reading, up from 79.2 at the end of May, 77.2 for April and 76 for March. The Michigan survey measures consumer attitudes on a range of pocketbook issues.
NEWS
February 14, 1987 | OSWALD JOHNSTON, Times Staff Writer
Energy prices jumped 9.9% in January, the biggest one-month oil price surge since OPEC's heyday in the '70s, pushing wholesale prices up 0.6% for the month, the Labor Department reported Friday. The January jump, after a year in which wholesale prices dropped 2.5%, reflected the recent production and price agreement of the Organization of Petroleum Exporting Countries.
BUSINESS
March 12, 2000 | TOM PETRUNO
Attention, citizens! Here are the New Commandments, as handed down by your Federal Reserve Board: I) Thou shalt not spend thy money on new homes, cars, major appliances or anything else that might boost the economy or otherwise result in a wider gap between demand and supply. (Los Angeles Clippers tickets, naturally, aren't covered by this commandment.
BUSINESS
June 10, 1998 | From Times Wire Services
Sales by U.S. distributors rose at their slowest pace in five months during April and inventories stopped rising, suggesting the second-quarter slowdown the Federal Reserve Board would like to see may be underway. In a separate report, a private employment group found that a surge in merger-related layoffs in the last two months could also foreshadow slowing. The report by Challenger, Gray & Christmas Inc.
CALIFORNIA | LOCAL
November 11, 1995
The Port of Long Beach shines as the "crown jewel" of U.S. economic strategy, U.S. Trade Representative Mickey Kantor told port and city officials Friday. He said the port--the nation's busiest--must continue to grow as international trade agreements eclipse Cold War military alliances, and noted that trade "has become a national strategic issue." Kantor could offer no federal aid for local ventures--such as the $1.
BUSINESS
April 8, 1993 | From Associated Press
American consumers increased their borrowing for the sixth consecutive month in February, bringing their total debt to the highest level in 16 months, the government said Wednesday. Consumer installment credit outstanding rose at a seasonally adjusted annual rate of 1.9% to $728.8 billion, the highest level since October, 1991, the Federal Reserve said. February's gain followed a 1.6% rise at an annual rate in January and a 5.3% rate advance in December, the best in two years.
BUSINESS
June 20, 1992 | From Times Staff and Wire Reports
Consumer Confidence Rises, Survey Says: A closely watched measurement of American consumer confidence increased in mid-June, economists said, substantiating evidence that the recovery from recession is strengthening. The University of Michigan's index of consumer sentiment registered 80.6 in a preliminary reading, up from 79.2 at the end of May, 77.2 for April and 76 for March. The Michigan survey measures consumer attitudes on a range of pocketbook issues.
BUSINESS
March 2, 1991 | From Times Wire Services
The government's main gauge for forecasting economic activity fell 0.4% in January, its sixth straight drop, but some analysts said the relatively moderate decline signaled a mild recession. The index of leading economic indicators' string of declines, which included a revised 0.1% drop in December, matched the six consecutive drops from May through October, 1984, the Commerce Department said. The December index first was reported to have edged up 0.1%.
BUSINESS
February 11, 1990 | JAMES FLANIGAN
The entrepreneur, the much ballyhooed hero of U.S. business in the 1980s, is in for tough times in the years ahead and, in fact, hasn't had it too good lately. The flow of seed money that wealthy families and corporate pension and development funds invest in new companies declined last year to $2.6 billion, according to Venture Economics, a Wellesley Hills, Mass., research firm. That was down from a $3-billion-plus average for 1983 to 1988 and well down from the $4.
BUSINESS
December 31, 1990 | From Associated Press
In the anemic environment that prevailed on Wall Street in 1990, medical and drug stocks proved to be the best prescription for financial health. At the same time, shares of bank and savings and loan holding companies dominated the market's sick list as the year drew to a close. Most broad-based indicators of stock-price trends showed double-digit percentage losses for 1990 as of late December. That was the poorest performance since the bear market of 1981-82.
BUSINESS
December 31, 1990 | From Associated Press
In the anemic environment that prevailed on Wall Street in 1990, medical and drug stocks proved to be the best prescription for financial health. At the same time, shares of bank and savings and loan holding companies dominated the market's sick list as the year drew to a close. Most broad-based indicators of stock-price trends showed double-digit percentage losses for 1990 as of late December. That was the poorest performance since the bear market of 1981-82.
BUSINESS
February 11, 1990 | JAMES FLANIGAN
The entrepreneur, the much ballyhooed hero of U.S. business in the 1980s, is in for tough times in the years ahead and, in fact, hasn't had it too good lately. The flow of seed money that wealthy families and corporate pension and development funds invest in new companies declined last year to $2.6 billion, according to Venture Economics, a Wellesley Hills, Mass., research firm. That was down from a $3-billion-plus average for 1983 to 1988 and well down from the $4.
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