Leading indicators show sixth gain in seven months
Washington AP reports a 0.6 percent October rise in the Index of Leading Indicators the sixth gain in seven months. The report revises September up to 1.1 percent and notes mixed signals with five components improving led by stock prices while four worsened including factory orders and raw material prices. The index sits at 131.9 percent of 1967 base, suggesting a weak but possible end to the recession.
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Washington
Economc Health
Commerce Department
Reagan Won't Seek Early Tax Cut Date Change
President Reagan abandoned plans to move up the July 1 10 percent income tax cut to January amid congressional resistance. He met with GOP leaders at the White House and prepared for a lame duck session as unemployment hovered around 10.4 percent and deficit concerns grew. He indicated the decision could shift, citing political realities in Congress and budget projections.
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Washington
Reagan
Congress
White House
Latin America
Treasury
David Stockman
Los Angeles
National League of Cities
Insured Investment Account debut at Bankers Trust
Bankers Trust announces an Insured Investment Account coming December 14 offering high yield money market rates with FDIC insurance up to 100000. Open at 110 offices with a 9500 minimum deposit and penalty-free access to funds. The bank pledges no gimmicks and top rates as practice.
MENTIONED IN THIS ARTICLE
Federal Deposit Insurance Corporation
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Ronald Reagan
Aiken Standard
Aiken, S.C
Bankers Trust