Money Scene Observer notes 1878 unemployment and spending trends
Detroit analyst Lew Silver predicts steady unemployment and consumer spending through 1878 based on his gold and gem shop data. He cites a shifting client base from tough times to middle and lower middle class workers and gamblers influenced by holiday spending.
MENTIONED IN THIS ARTICLE
Money Scene Observer
Detroit
Lew Silver
Lew
Money
Silver
Federal Collateral Society Inc
Sterling Heights
Troy
Warren
Bloomfield Hills
Grasse Points
Liza Minnelli
New York
Merle Debuskey
Miss Minnelli
Majestic Theater
Sadat Prays For Success Expects Israeli Pullouts At Summit
President Anwar Sadat prayed for a successful Christmas summit with Menahem Begin and signaled expectation of extensive Israeli withdrawals from lands occupied since 1967. Begin proposed a joint council to administer the West Bank and Gaza, with sovereignty questions left open for five years.
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Ismailia
Egypt
Anwar Sadat
Menahem Begin
Israel Television
Begin
West Bank
Jordan River
Gaza Strip
Israel
Sadat
Suez Canal
National Security Council
Jerusalem
Prophet
Two AWOL Soldiers Rescued After Two Weeks Trapped
Two soldiers from Crailsheim Germany went missing December 5 and were found alive in an airtight cargo container aboard the Economy after two weeks. They endured dehydration and were hospitalized in Houston then to be moved to Brooke Army Medical Center in San Antonio.
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Feather
Memphis
Tenn
Boutsin
Houston
Army
Boulain
Larry Wofford
SeaLand Services Inc
Bremerhaven
West Germany
Det. 7
Wofford
Brooke Army Medical Center
San Antonio
Market Records Solid Gain
New York reports a solid market gain as a pre Christmas rally continues. The Dow Jones industrial average rises 8.06 to 895.87 and the NYSE composite climbs to 52.26 as volume dips to 20.03 million shares. Investors cite the Fed money supply decline and Carter's foreign exchange intervention stance as supportive factors.
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New York
New York Stock Exchange
NYSE
Ily
Federal Reserve
Carter
United States
Mayor Dagley sells or salvages city parking meters
Shelbyville mayor Hera Dagley offers about 1000 used parking meters no longer needed after downtown meters were removed for business reasons. Citizens supported removal with tax replacement, fines raised from 1 to 5 dollars for downtown parking, meters stored in the incinerator building, possible sale to individuals or reuse in homes.
MENTIONED IN THIS ARTICLE
Shelbyville
Ind
Hera Dagley
Dagley
Indianapolis
Dayley
Claus Wins Race to End of the Rainbow in Pigwidgen Saga
In a tale featuring Santa Claus and the Pigwidgen, Claus uses wit and a flying reindeer to outrun magic boots to the rainbow’s end. Tweedleknees counsels patience as the final contest involves lifting a magical box, with the fate of magic power hanging on the lift.
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Pigwidgen
Anless Claws
Tweedleknees
Claus
Patrick Tweedleknees
Elf
Ice
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