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Newspaper
Anderson Herald
Location
Anderson, Indiana, United States of America
Date
Dec 22, 1976
Page
4
Washington reports a moderate November inflation rise of three tenths of a percent along with the largest monthly gain in workers buying power in 18 months. Paychecks rose 0.8 percent boosting real earnings to last year’s level. Food costs declined while mortgage rates fell and medical care costs jumped.
The World Bank with U S support approved two Chilean loans totaling 60 million dollars despite appeals from nine American congressmen. Five Scandinavian nations voted against or abstained while the United States led the approval with roughly 20 percent of voting power. The loans, 25 million for agriculture and 35 million for an electric power project, were justified on economic grounds.
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