January 3-9
→ The Blackfeet tribe of Montana purchased the 65 year old Advertising Corp. of America, a stationary company in Massachusetts, while it was in the middle of labor strike (Jan 3)
→ The decline of the dollar was great news for exporters, but bad news for the Federal Reserve who could not restrict the money supply or expand it because of how fragile he US economy was after the October crash and the falling dollar (Jan 3)
→ The US Canadian Free Trade deal headed for debate over ratification in the governments of the two nations (Jan 3)
→ American Steel began a comeback from its decline (Jan 4)
→ Airfare war began as companies like Continental and Eastern slashed prices by more than 20% (Jan 4)
→ It was reported that hospital costs had increased by 16% (Jan 5)
→ US and Mexico worked out a trade pact that would lower some barriers and allow Mexican textiles into America (Jan 5)
→ Inflation fears begin to ease as the dollar begins to climb (Jan 6)