Polish strikers clash with riot police in Gdansk protest
About 10,000 shipyard workers struck for a second day to denounce Solidarity ban in Gdansk, Gdynia, and surroundings. Riot police used tear gas and water cannons as crowds surged toward the Communist Party HQ. Arrests reached 148 as authorities report the region sees its worst violence since Solidarity protests began.
MENTIONED IN THIS ARTICLE
Warsaw
Poland
Gdansk
Communist Party
Baltic
Solidarity
Lenin Shipyards
Independent Union
Gdynia
Solidarity Shipyard
V.I. Lenin
Lech Walesa
John Paul II
Walesa
Jerzy Urban
Tri-City
Sopot
Major Banks Slash Prime Lending Rate Drops to 12 Percent
Four big banks slashed the prime lending rate to 12 percent from 13, lowest in 25 months, as rates fall and stock prices rise. Government cuts on federally backed single-family loans raise eligibility. Morgan Guaranty started the cut, followed by Bank of America, Manufacturers Hanover, and Chemical Bank.
MENTIONED IN THIS ARTICLE
New York
U.S
Federal Housing Administration
Veterans Administration
Department of Housing and Urban Development
Morgan Guaranty Trust Co
Bank of America
Manufacturers Hanover Trust
Chemical Bank
White House
Rose Garden
Federal Reserve Board
Bernard Schoenfeld
Irving Trust Co
Morgan Guaranty Trust
Rate trends lag as loan terms affect pricing
Auto loans stretch over five years, causing lag between prime rate shifts and consumer rates. Lenders avoid locking in high costs if funding costs rise. Roberts Genetski of Harris Trust & Savings Bank cautions that the recent rate declines may prove temporary.
MENTIONED IN THIS ARTICLE
Robert J. Genetski
Harris Trust & Savings Bank
Chicago
Surplus Cheese Drive Draws Thousands in Princeton
Thousands attend a surplus cheese distribution event in Princeton as residents seek food aid amid rising living costs. Officials report orderly lines and ample supply with no major incidents.
MENTIONED IN THIS ARTICLE
Princeton
Miners Picket Congress Hearing On McDowell Unemployment
McDowell County amid 25.2 percent jobless rate hears from 30 local leaders, business and labor reps as Congressmen Fauntroy and Rahall listen. UMWA speakers urge jobs over handouts while miners protest economic policy and seek active energy plans to revive coal country.
MENTIONED IN THIS ARTICLE
Daily Telegraph
Welch
Appalachian
Subcommittee On Domestic Monetary Policy
McDowell County
Joe Davidson
United Mine Workers Union
Washington
Walter E. Fauntroy
Washington, D.C
Monetary Policy Committee
Nick Rahall
D-W.va
West Virginia
National Guard Armory
Fauntroy
Billy F. Legg
Carson Bevins
Gary
Gas Rate Hike Protest At PSC Hearings In West Virginia
About 350 people attended the state Public Service Commission hearing in Charleston protesting Columbia Gas of West Virginia's rate increase request. Secretary of State A James Manchin led the opposition, accusing the utility of buying high priced gas from a sister company to boost profits. Demonstrators urged the PSC to deny the proposal as impacts on industries and jobs, including Flex O Lite's Keyser plant layoffs tied to fuel costs. Senator Bob Wise also spoke, with the event highlighting broader political and economic tensions surrounding the utility’s plan.
MENTIONED IN THIS ARTICLE
Charleston
W.va
Columbia Gas of
West Virginia
State Public Service Commission
PSC
Columbia
A. James Manchin
Manchin
West Virginia Gas
Southwestern Gas
Columbia Gas Transmission Corp
C.C. Smith
Huntington
W.L. Lammers
Flex -O-Lite
Keyser
Lammers
Baby Born To Comatose Mother In Georgia
In Floyd Medical Center a 6 pound boy named Preston Kirk Crider was born to Sherry Crider who has been in a coma since an auto accident. The baby, delivered Sunday night, is in good condition and was sent to Shallowford Hospital for observation as doctors weigh potential long term effects of medications on the mother.
MENTIONED IN THIS ARTICLE
Romf
Preston Kirk Crider
Sherry Crider
Cave Spring
Floyd Medical Center
Crider
Paul Ferguson
Cates
Shallowford Hospital
Atlanta
Mrs. Crider
Stacy
Heath
Also Mentioned on This Page
Reagan
Morgan Guaranty
Wwe
National Weather Service
Sandias
Albuquerque
N.M
Bridge
Bulletin Board
Senate
Giles County News
Hollywood
Old Dominion
Virginia
Alabama
McDowell
By Ward Morgan
Ricky Hurt
Dennis Saunders
UMWA
Umwa International Executive Committee
Saunders
Davidson
Leon Ginsberg
Ginsberg
Ward Morgan
Columbia Gas System
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