Newspaper article St Louis Post-Dispatch (MO)

Morning Briefing

Newspaper article St Louis Post-Dispatch (MO)

Morning Briefing

Article excerpt

Industrial Output Surge Puts Strain On Factories

A surge in industrial output last month increased the strain on U.S. factories, mines and utilities to the highest level in two years.

Industrial production jumped 0.9 percent in March, the largest increase in 11 months, the Federal Reserve said Wednesday. That raised the operating rate at industrial firms to 84.1 percent, the highest since March 1995 and nearing the 85 percent benchmark many economists believe signals the development of inflationary production bottlenecks. The report temporarily ruffled financial markets by suggesting the Fed, which tightened monetary policy last month, would raise short-term interest rates several more times through the summer. Associated Press Belleville Director Resigns Allen Gill has resigned as executive director of Belleville Economic Progress Inc. to "pursue other professional interests," according to a statement from BEPI. Gill said he doesn't have any plans after the resignation, effective April 30. Louis Tiemann, interim director, expressed surprise at the impending departure, and said Gill "is going to be very much missed." Tiemann coordinates Proud Partners, a division of BEPI, and said he's not interested in the job permanently. While at BEPI, Gill enacted a Business Retention program, which included on-site visits to large area employers. He is a member of the Greater St. Louis Economic Development Network. Post-Dispatch CompuServe Faces Porn Charge More than a year after raiding the German offices of CompuServe Inc., Bavarian prosecutors charged the online service's German chief on Wednesday with being an accessory to the dissemination of pornography. In papers filed in state court in Munich, prosecutors charged that Felix Somm, as the U.S.-based company's German representative, "knowingly" allowed pornographic images, including child pornography, to reach customers from the Internet. Prosecutors said the online service could have blocked the images through technical or organizational means. …

Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.