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EconNews Online is South-Western College Publishing's service to provide summaries of the latest economics news stories. Review the brief summaries and, for stories of interest, select the full summary. |
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The U.S. Senate has voted against an increase in the minimum wage. Lobbyists and Republicans thought it was 'too much, too soon'. The political damage to the Republican Party in forthcoming elections was expected to be reduced by the approval of tax cuts. (Updated November 11, 1998) |
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Some Russian territories have introduced price controls to curb inflation and panic buying. However, businesses are finding it hard to cover costs, and consumers are suffering shortages as goods are sent to uncontrolled markets. (Updated November 11, 1998) |
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