Inflation and Trade Deficit Reach New High in November
The Commerce Department reports US goods and services trade gap rose to a record $26.74 billion for the year with November deficit at $2.13 billion, while imports held at $15.21 billion. Oil imports edged up, coal exports rose, and gold sales by the government showed a balancing effect though leading indicators fell 0.6 percent in November.
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Washington
Commerce Department
Department
Tober
Japan
Germany
United States
Cleveland Layoffs Cancelled: Kucinich
Mayor Dennis J. Kucinich canceled immediate layoffs of about 400 city workers in Cleveland, delaying further cuts amid a fiscal crisis. The move followed Cleveland Trust’s decision to delay collection of municipal notes for two months and after unions sought court blocks on firings.
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Cleveland (Ap
Dennis J. Kucinich
Cleveland
Kucinich
Cleveland Trust
Jeffrey Fox
Joseph O'Malley
George Forbes
Joseph G. Tegreene
Central National Bank
Theodore W. Jones
National City Bank
National City
Cuyahoga County Common Pleas
Richard M Markus
FEDA Approves Steel Grant For Wheeling-Pittsburgh
The Federal Economic Development Administration backs a 100 million dollar 9 percent federal loan guarantee for Wheeling-Pittsburgh Steel to fund a Monessen rail mill and pollution controls. The program aims to protect over 15,000 jobs across West Virginia, Pennsylvania, and Ohio as final approvals hinge on EPA agreement, a 40 million home loan guarantee, private loan deals, and a 10 million Pennsylvania loan.
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Charleston
W.va
Federal Economic Development Administration
Wheeling-Pittsburgh Steel Corp
Jennings Randolph
Dw.va
New York City
Lockheed Corp
George Lawless
Lawless
Monessen
West Virginia
Ohio
Pennsylvania
Wheeling-Pittsburgh
EDA
Environmental Protection Agency
Farmers’ Home Administration
Pennsylvania Economic Development Authority
Missing bomb grade uranium report blocked by CIA FBI
Washington congressional sources say a GAO investigation into disappearance of two to three pounds of bomb grade uranium has been classified as secret by the CIA and FBI. Rep. John Dingell notes the public deserves facts about possible diversion to Israel and questions surrounding Zalman Shapiro.
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Washington
Congressional
CIA
FBI
House Subcommittee
John Dingell
D-Mich
General Accounting Office
GAO
Israel
Dingell
House Commerce Subcommittee On Energy and Power
Carter aide weighs 1976 opponent and inflation issue
Hamilton Jordan, Counselor to President Carter, muses on which Democratic challenger might run against Carter. He declines to name a potential rival, arguing inflation is the pivotal issue that could imperil Carter's bid for reelection.
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Hamilton Jordan
Carter
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