GNP Declines Again In Second Quarter For U S
Washington AP reports the gross national product fell at an annual rate of 0.6 percent in the July September quarter, marking a second straight quarterly loss and signaling a shallow recession. Real GNP dropped 0.15 percent in the third quarter, with inflation measured by the implicit price deflator rising 9.4 percent. Baldrige cautioned the fourth quarter may show another decline before a recovery in mid next year, attributing the downturn to lingering high interest rates and inflationary policy legacies.
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Washington
U.S
Commerce Department
Commerce
Malcolm Baldrige
Reagan
Baldrige
GNP
NATO Endorses Plans to Deploy U.S. Nuclear Missiles in Europe
NATO defense ministers formalized support for deploying 572 cruise and Pershing missiles in West Germany Italy Britain Belgium and the Netherlands starting 1983 amid rising public opposition in five allied nations. Defense Secretary Weinberger promised to pursue possible reductions to zero in future Soviet talks while noting dissent within coalitions and protests in Bonn Paris and London.
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Gleneagles
Scotland
Western Military Alliance
U.S
Europe
Caspar Weinberger
Reagan
Soviet Union
NATO
West Germany
Italy
Britain
Belgium
Netherlands
Geneva
Bonn
Paris
London
Weinberger
Closing Stocks and Indictments Shadow Charleston Markets
Quotations from Sheat First Securities in Charleston show stocks changing throughout the day as a grand jury indicts three individuals. The report mentions retailers, correctional facilities, and various firms like Heilig-Meyers and MCI Communications, with details about an escape from a prison and related charges.
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Charleston
W.va
Sheat First Securities, Inc
Alderson
Michelle
Beard Oilivg
Aiden
Carroll Ray Hollis
Janice Lee Wensel
Ield
Stock Market Dips as Inflation Pressures Wall Street Downturn
New York stocks declined amid persistent inflation signals with the Dow Jones average slipping 0.85 to 851.03. The S&P 500 fell 0.18 to 120. Penn Central led active trading after denying new acquisition plans while Storage Technology jumped and Sony declined. Nasdaq closed up 1.15 at 192.38, while the NYSE composite eased to 69.66.
MENTIONED IN THIS ARTICLE
Colt Industries
National Semiconductor
Sony Corp
American Stock Exchange
Livestock Auction Totals in Alder Son Nonspecific Sale
A sale in Alder son moved 818 head from 131 consignors to 137 buyers, totaling 126,438.38 dollars. Slaughter cattle and hogs varied by class, with steers and heifers priced from 46 to 62 dollars, pigs and boars listing lower values, and sheep and lambs showing several color and weight-based ranges.
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Alderson
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