GNP Up 0.6 Percent in Q2 Despite Trade Deficit Rise
The second quarter showing a 0.6 percent GNP rise marks the slowest pace since late 1982. Personal consumption grew 6.2 percent annualized, while housing rose 14.5 percent, and inventories added 3.5 billion before being offset by a 3.4 billion trade deficit. Exports fell 9.8 percent and imports surged 15.8 percent, with after tax corporate profits up 2.1 percent in Q2 after a prior 3 percent drop.
MENTIONED IN THIS ARTICLE
U.S
Shultz to Meet Shevardnadze in Washington on Arms Talks
U.S. Secretary of State George Shultz will meet Soviet Foreign Minister Eduard Shevardnadze in Washington Friday to discuss arms control and other issues as talks continue. Kampelman reports new ideas on intermediate range and strategic nuclear weapons amid stalled progress in Geneva. Reagan says a July letter offered fresh reductions and a stable transition to defenses, while Obukhov notes no progress after five Geneva rounds and cites SDI as a major obstacle.
MENTIONED IN THIS ARTICLE
U.S
George Shultz
Shevardnadze
Washington
Reagan
Geneva
Kampelman
United States
Terry Schroeder
Gorbachev
Obukhov
SDI
Israeli Planes Attack Palestinian Camp Near Sidon
Beir ut police report Israeli warplanes struck the Mieh Mieh refugee camp on the outskirts of Sidon in southern Lebanon. No immediate casualty or damage details were provided after a pre dawn guerrilla incursion into Israel’s security zone. Air strikes began around 3 p.m. local time.
MENTIONED IN THIS ARTICLE
Beirut
Lebanon
Sidon
Mieh Mieh
Israel
Tennessee Nuclear Plant Called Most Dangerous in NRC Review
Rep. Edward Markey cites a subcommittee report faulting the Nuclear Regulatory Commission for lax safety at Nuclear Fuels Services Inc. Erwin Tennessee plant. The study says radioactive leakage is possible and warns the plant lacks adequate community alert systems while under Navy contract to supply high grade uranium fuel for submarines.
MENTIONED IN THIS ARTICLE
Washington
Tennessee
Nuclear Regulatory Commission
Edward Markey
D-Mass
Energy and Commerce Subcommittee On
Energy Conservation and Power
Erwin, Tenn
Navy
NRC
Nuclear Fuels Services Inc
NFS
The
Shiite Leader Refuses Help for Beirut Hostages
Nabih Berri the Lebanese Shiite leader who helped free 39 hostages from the 1985 TWA Flight 847 hijack has no interest in aiding efforts to free Americans held in Beirut. Former Sen James Abourezk says Berri feels burned by Reagan administration officials and declined to assist, noting a Damascus meeting last month.
MENTIONED IN THIS ARTICLE
Washington
Nabih Berri
Trans World Airlines
Beirut
United States
James Abourezk
Berri
TWA
Abourezk
South Dakota
Also Mentioned on This Page
Fall
Bentley
Mitchell Shopping Center
Kalmia Mall
Crat
Amal
Damascus
Syria
Ressu
Sleeping Beauty
Richland Ave. W
Aiken
Owe
Augusta Rd
Bill Vernon Chevrolet