Chrysler Receives 500 Million Dollar Government Loan
The Chrysler Corp won a 500 million government guaranteed loan amid delays caused by a Park Avenue fire that delayed loan closing. The loan accompanies a commitment to back an additional 1 billion if needed to avert bankruptcy for the automaker.
MENTIONED IN THIS ARTICLE
Washington
Chrysler Corp
New York City
Federal
Chrysler Loan Guarantee Board
Chrysler
New York
Park Avenue
Treasury Department
Auto Company
Treasury
Robert Carswell
Senate backs four billion coal conversion measure
The Senate approved an 86 to 7 vote to fund converting 38 oil fired utilities to coal. The plan allows the federal government to cover up to half of conversion costs and loan 25 percent to a single utility, sending the bill to a House Senate conference. Northeastern boilers dominate production, sparking concerns over potential air quality impacts despite aims to reduce foreign oil dependence.
MENTIONED IN THIS ARTICLE
Washington
Senate
House
House-Senate
Carter proposes transitional Afghan arrangement with Soviet troop withdrawal
President Carter says the United States could back a transitional setup for Afghanistan if the Soviet Union withdraws its troops. In Belgrade he notes a phased Soviet pullback and potential neutral forces to protect the government of Babrak Karmal, amid Yugoslav interest in nonaligned status.
MENTIONED IN THIS ARTICLE
Belgrade
Yugoslavia
Carter
United States
Afghanistan
Soviet Union
Babrak Karmal
McDowell County leader faces impeachment trial over pay
McDowell County Board of Education Finance Director Joe Sinicrope testified that Commission President Jennings B. Boyd's pay was adjusted to reflect time spent serving as a commissioner. The removal petition accuses Boyd of dual compensation for attending sessions and teaching at Northfork High School.
MENTIONED IN THIS ARTICLE
Welch
McDowell County Board of Education
Commission
Jennings B. Boyd
McDowell
Boyd
County Commission
Northfork High School
Joe Sinicrope
Sinicrope
School Board
John P. Anderson
Princeton
Lintcrope
William Jacobs
Board of Education
Northfork
Democratic Platform Is Pro Carter for 1980 Bid
Washington AP reports Democratic platform writers completed a Carter focused 1980 campaign document but split over key issues with Edward Kennedy. Kennedy supporters vow minority reports to the August convention. panel largely backed Carter planks despite Kennedy objections.
MENTIONED IN THIS ARTICLE
Washington
Carter
Edward M. Kennedy
Kennedy
Peter Edelman
Gasoline Prices Help Slow Inflation Rise May CPI Up 0.9 Percent
Inflation eased slightly as gasoline prices declined for the first time in almost three years and food costs moderated. May CPI rose 0.9 percent, lifting five month inflation to 15.3 percent annualized. earnings fell 0.9 percent in May, with year over year after taxes down 7.7 percent. Analysts see slower inflation later year, but core costs remain high.
MENTIONED IN THIS ARTICLE
Washington
Labor Department
Sandra Shaber
Chase Econometrics
Bala Cynwyd
Roaming Suffolk Buffalo Case Solved by Local Veterinarians
SUFFOLK Virginia AP report details how Dr Aubrey Morgan and his brother Lewis captured a yearling buffalo that wandered from Lake Prince area about six miles away. Humane officers and residents had pursued it for two days before the Morgans secured the animal to breed with cattle for beefalo.
MENTIONED IN THIS ARTICLE
Suffolk
Aubrey Morgan
Lewis
Woodinds
Lake Prince
Morgan Brothers
James F. Hope
Morgans
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Earl Key
Richmond
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Earl
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Jacob Javits
Daniel Moynihan
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D-La
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D-Ky
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D-Mass
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Jody Powell
White House
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Drosick
Tony Romeo
McDowell County
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Hilda Taylor
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Mercer County Notebook
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