BRIEFCASE MICHAELS JOINING FALLBROOK CENTER.Byline: - From Staff and Wire Reports WEST HILLS - The Fallbrook Center will have an artistic touch, as mall management announced the completion of a deal with Michaels The Arts and Crafts arts and crafts, term for that general field of applied design in which hand fabrication is dominant. The term was coined in England in the late 19th cent. as a label for the then-current movement directed toward the revivifying of the decorative arts. Store. Though square footage and exact placement of the hobby A hobby is a spare-time recreational pursuit. Origin of term A hobby-horse was a wooden or wickerwork toy made to be ridden just like the real hobby. From this came the expression "to ride one's hobby-horse", meaning "to follow a favourite pastime", and in turn, boutique Boutique A small investment firm specializing in offering specific, but limited services to a select number of individuals. Notes: These investment firms are the alternatives to large financial supermarkets. They provide a highly personalized environment for investing. has yet to be worked out, General Manager Daryl Rheingans said the store could be located near the old J.C. Penney Outlet building along Fallbrook Avenue. Though the new store, opening in 2003, will be kitty-corner from a revamped Jo-Ann Store, Michaels' arch rival, Rheingans thinks the two can co-exist. ``I think they're different stores,'' he said. ``They'll complement each other. It makes the whole area stronger, offering more choices for the customer.'' Alameda Corridor The Alameda Corridor is a 20 mile (32 km) freight rail "expressway"[1] owned by the Alameda Corridor Transportation Authority (AAR reporting marks ATAX operations start Operations began Monday on the Alameda Corridor rail line, which is intended to speed the movement of cargo from the ports of Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. and Long Beach to switching yards near downtown. The journey takes an average of 45 minutes - saving up to two hours' worth of travel time, said Phil Hampton with the Alameda Corridor Transportation Agency. By mid-May, all train movements between the port complex and downtown are scheduled to be switched over to the corridor from other branch rail lines, Hampton said. Short-term T-bill interest rates fall WASHINGTON - Interest rates on short-term Treasury securities fell in Monday's auction. The Treasury Department sold $10 billion in three-month bills at a discount rate of 1.680 percent, down from 1.710 percent last week. An additional $10 billion was sold in six-month bills at a rate of 1.905 percent, down from 1.975 percent. The three-month rate was the lowest since Jan. 22, when the bills sold for 1.670 percent. The six-month rate was the lowest since March 4, when the rate was 1.890 percent. In a separate report, the Federal Reserve said Monday that the average yield for one-year constant maturity Treasury bills, the most popular index for making changes in adjustable rate mortgages This article is about the US mortgage type. For an international perspective, see Variable rate mortgage. An adjustable rate mortgage (ARM) is a mortgage loan where the interest rate on the note is periodically adjusted based on an index. , fell to 2.53 percent last week from 2.64 percent the previous week. Ford orders halt in Focus SVT SVT supraventricular tachycardia. SVT abbr. supraventricular tachycardia SVT Supraventricular tachycardia, see there sales DETROIT - Ford Motor Co. has told its dealers to stop delivery of Focus SVT cars until it can fix a problem with the cruise control See adaptive cruise control. cable, a spokesman said Monday. The ``stop sale'' order involves 569 cars, a small number of which have already been delivered to customers, Todd Nissen said. |
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