The News Tribune from Tacoma, Washington • 20

i it A ift iV'S 1" New York stocks B5 r- A 7: i i- I 't f' j- ta taHooiig SiniffflsiDOini El I i 1 ii the 1 mimas mark for tin i In the Western statea priem moved ap 1' which Indade hotel noma root and homo- flrat la aeven to Important 04 percent compand with a low 01 per- owner coots accounted for moat of the arid Daryl Delano aaalor cent increase to May and a 0J percent connte griiL MMnniht Gahnon 11 in Boa- increase in ApriL In the IS Weatem atatea overall cbk The national gain brought the retail in- anmer costs are now 41 penont ahead df Not since the 1911-SI rrrtimlnn have flation rate for the fint half of this rear the level at which they stood in Jane last! evidence hearing start remained below a 1 million to a modest IT percent Sanaa! rate dawn yenr that the wwy is ncovering steadily annual rata for ao long ha sakL' from S1 percent in 1990 This is the lowest yeer-oror-year rate' with little threat from inflation rrinforcee my taring that the to a modest 17 percent annual rate from 11 percent in 1990 Bat the com inflation rate which ex- since May last year lUdcor may build Sovlat metals plant OAKLAND Grill Kaiser Ab-gmtaum Oorpi which owns smelter rta Tacoma la nsgotlsting a poten-tially controversial deal to help bdd a SN milUon aluminum plant tin an ecologically fragile comar of sum pmin Routora WASHINGTON Wcdnaaday that urged la Jane while retail prices tram evil only modestly providing fieri tol million ia slon ia ever hot an ss I i 1 'v i chides volatile food and energy prices and was running at 44 percent is considered a better indicator of longer-1- For the first six months of this year tha- term trende roee an anccmtartahle 04 coat of living in the West has risen 1J! percent r'- percent considerably dower than the SA- Finandri analysts were expecting com percent gain daring the same period laat- iniimi at OA percent while the overall year- Rotiert Hormats vice chairman at Gold- 'I Bat a highertiuuhexpected rise in a key leaaure of longer-term retail inflation provided a reminder of the danger of stoking growth too qaickly Tbs Commerce Department said the nation's builders registered a IS percent gain in boosing starts last month to adjusted annual rate of 194 minim mHa 1 whlck Charlas Hnrwitx bought through hk Inc hi INI could uncoun-tor attfff oppouttlon to the plan from JL aad Soviet ucotogkti If Kaiser succeeds the wnyy will help the Soviets baUd an ata- in Irfcntri that' woold pndnce 11099 tana of at Fa Securities Inc The rate of hearing starts in June still was ISA percent lower than in June 1999 In a separata report the Labor Department said the Coommer Price Index roae 9A percent last month compared with 9J percent in lfgy i j- Is' 9 in tohaffo priem rim ia ahuttur coats A LI percent and a 9A i fi 1 -i i fx i Sls I i i from home travelers home Indwtry esk aarty 91 WASHINGTON UA oil Imparts slid by mom than 11 million bands in the first half of 1991 to 7A mil-' hands per day the largest drop in nine years the American Petrolenm 1 Institute reported Bat government analysts said the by the trade group a temporary respite the rim of oil imports to up for declining UA prodne-Ltloa The API said in its midyear that the ISA percent decline far Imports resulted from higher do- mestic production a myi By Jerry Dyer h- The News Tribune poesihle some bnrtnom trav-riers actually enjoy staying in hotels living out of suitcases and eating at restaurants But Alice Sanderson and Judy Ferguson have the notion that moat of them especially if staying somewhere for weeks or months at a time Last October they pot their money where their notion was and opened Heritage on the Ridge in ncoma not really a hotel and it's not really an apartment complex but it does have dements of both said Yana Walden who manages Heritage on the Ridge a home away from home Walden said The SI one-bedroom units are fully tarriried come with fully ud on CHICAGO A federal gave preliminary approval day to a S9 nrnlian settle tar 1SA99 teiephons company 1 deemed virima of SWl aad maid service and have laundry facilities on-rite Walden not real extravagant but really she said Just Walden said she likes to add to that comfort with personal touches spoil them (residents) really she said 1 find out what their favorite cookie is and bake Telegraph Co represents the largest single cari recovery In the agency hirixy The cam involves an EEOC dam action lawsuit against the former Western Electric company JaLaA wa- mat was accmaa os denying nenems The soitea are set up to meet the of someone in town on bust- -W 1 4 Yona Waklon rotaxoa In toft anltn NeepNarThe Nows Tribune mmoN uvays LOS ANGELES Charles Kaat- tag former head of the fried Lincoln Savings A Loan requested Werieaday that he be tried ratdy from Us two co-defendants on Si- i Polish airline weighs buying Boeing 737s banks in better shape r1 Lower interest rates allowed them to boost capital reserves Reuters By graham Fyah The News Tritasw 1 Ka lawyer Stephen Neal argued 1 in a live pile brief submitted to Los 1 ftngtrlTf Superior Court Judge Lance Ito that Ms died could be unfairly i- incriminated by evidence against Ua two codefendants AD three have been charged with arier California i law tmianhtf from the mj roll epee Although some major Pacific Northwest banks and thrifts suffered a dip In profits in the last quarter analysts say the regional banking industry is among the soundest in the v- 1 situation remains said Jay TsJera analyst with Data Boswortk in Seattle not quite as strong as we have seen but that is to be expected aa we (were) in the middle of a recession and we have seen economic growth rates and capital Sound Bank anAli II i j- llnttid bid on Pan Am bias ji i A Rrst Inteiitata' 122 afeVg lftj jjtlA Banooip-'Ws- $4A3f--Mjlr Securtty Horizon Bonk-'i A7- vwj- i- $1 At 38A WARSAW Poland national airitata: LOT is talking to The Boeing Co about buying is fleet of medium-range planes dssptto a prd1 liminary agreement lari morth to buy aircraft frttai McDonnell Douglas Corp Wedneaday Be said a apodal govern vising negotiations with the rival UA manafartersro wanted the deal to investment the winner in PotanSh avtation industry i of (with m4I was an expression of our goal but it doesn't rule any other company Including he said The letter of intent was sigsed early in June'ft proposed a $150 mniine dealtar delivery of eight or nine twin engine MIVSO Jets by the end of 199L However pten reports Tuesday said Boeing afrit had offered eight of its medium range 7S7s to replace LOTs aging fleet of Soviet-made Tu-114 Jets' -t' the deal on investing in our industry was nd( Included in the talks the selection might be difforent and quicker" the unidentified official said -t Boring and McDonnell Douglas offered proposals to cooperate with the Polish aviation Industry but the farmer noverament newsnaner Raecsnosaolilh-sald they faU expectations On lonyrange routea LOT atauady ia replacing Soviet-built Jets with Boeing 797s of which thrqn ahuady are operating and one more is scheduled fog -5 -il Wff1' 1 vSM $16A $102 647-' 1061 -99A MetmpoStan federal $0A1 NEW YORK Pan American World Alfways said Wednesday it failed to agree with United Airlines over the sale of its Latin American aad Caribbean routes Pan Am spokesman Alan Loflin said the carrier wanted United to hire more Pan Am employees and that the price was not high enoq' Loflin would not my how many employees United wanted or specify the amount of the offer The Miami Herald reported Wednesday that offer neared $190 million Complied (tarn News Tribune staff and news sendee reports Dim lo has general been a good said Scott McAdams analyst with Ragen McKemie in Seattle The banks have reported on their second-quarter profit in the past few days Tacoma-based Puget Sound Bancorph report on Wednesday showed the bank markedly Improved its profit picture during the second quarter In the first quarter profits were flat but tbe poeitioa improved so much in the second quarter that the bank emerged with a I percent gain In profit The beak earned $1199 million in the quarter ending June compared with $1149 million in the same quarter of 1999 1 This performance is good to see in light of the relatively targe Increase in the amount the bank has set TsJera said This amount aside for detracts from profits In the second quarter set aside tar los of 1999 the bank had $4149 that might go sour In the Please see Banks B8 in 1991 i' fi I''1 fc Hi ffi Parting of technical colleges from school districts is painful mart fill several new positions At Bates positions win pay to $90A00 a year Bates is looking far a director of business and training director of student director of peteouneTand director of public affairs aad communications Other new positions la lead accountant lead payroll and purchasing everal yean ago what was then known as Bates Vocational Technical Institute used an advertising slogan in which it referred to itself aa Job Little did we realise Its new designation as Bates Technical "College would require Bates Uwlf A itself new technical colleges win be administered by a new state agency the state Board for Community 1 and Technical Colleges When Bates wants some fliers printed in a hurry it no kxuor will be ablate travel five mlnutea to Central School Him -and have the material printed in the own print shop It has to get In ltoefor the date printer In Olympia or pay the state printer a I percent foe if it puts the Job oat for private bid do lorn some flexibility under tho new system became under state to -Fjoba because i staff to function -autonomous Institution no 'affiliated with the Tacoma School District The Legislature acted this session to make all five vocational District and Clover Park Technical College with the Clover Park School District A1 Green whom title at Clover Park Technical College shifted from director to president March 1 1 spoke forthrightly about the ill will that has arisen from the split relationship is not very Green says 1 of the people have been super but upper management positions have been very onset to say the least about the transtar Soma people are taking this very Bill Mahler president of Bates soft-peddtaa the split from the Tacoma School District despite the fact that he and Superintendent Lillian Barna will not exactly be on each other's Christmas card liata in the future Kohler contends ia still good Wo still repair their classroom computers and the Lincoln Tree Perm heavy In trying to Justify the transition Mahler says percent of our students are residents of the Tacoma Public School District in the first place Of all our students another SO percent live outside Pierce County so we really nave been a regional Art Popham that can grant technical aad have their own boards of trustees hs so dotac these technical colleges spUtfrom the Still Mohler puts a good tarn on the possibility of maintaining a positive relationship with the Tacoma School District done business with them in buyfaM some supplies For Instance we might have access to biting some paint that we need from the To represent its true footings of ongoing Unship for Bates I think the district might be tacUaod to give the new technical cottage the same broad spectrum of color choices that Henry Ford gave to buyers of Us original automobiles You can have any color you want as fag as ift black Green figures that Clover Park will be hiring 10 to II new people In cam you wander where the money will come from to pay them new hires Clover Park VTI paid $944 AM directly to tha Clover Park School District for simitar services last year and Green thinks he can accomplish the same services for tarn money under the new system Mohler agrees were paying the school district to provide services It was not bmtd ooit ocuMotitlopi but 00 0 percentage of our operating budget When we cost it out it comes out loss Not a lot ms but leas wwv nw wsHm vus mnwi avwv swe suuw wwe souni also will give us greater accountability and responsiveness In the past aome of tha staff did not pemrive that they worked for as Now -Still tha eattagm will lorn some benefits by leaving the school districts They moot now provide their own phone service although Bates will me Clover phone training program to provide some of its needed phone switching The VTIs used the school districts' computer systems tar payroll aad other services but the Legislature ta providing $1J mtUiou to cover computer atart-up coats One of tha biggest looses could be flexibility The A new state board is scheduled to take control of the vocational schools on Sept 1 A lawsuit that several school districts had filed challenging the new legislation was dismissed last week in King County Superior Court The school districts are none too happy about losing these parts of their overall structure although tho vocational schools were in favor of the change Bates had frwn affiliated with the Tacoma School That quote reminds me of Mark famous line that there are lies there are damned lies and then there are statistics It sounds to ms aa if Mohler is taking his new title of president to heart starting to sound more like ona already Anyway the school lorn is the employment office's gain Bates aad Clover Park (Art Fopkam has covered the South Bound hr li ymn oa rtk aad TV Ufa cotama mpean ntsurisy end Tkondar Coll Art at MMML Or write htai at 4719 Eastridb Drive iVA No Thame 90421) I 1 I 1.