Economic data schedule shows March retail sales and industrial output
Commerce Department reports due this week include March retail sales at 1 30 p m and February inventories at 1 30 p m Tuesday along with a Fed industrial production release on Thursday 8 30 a m A revised 1981 corporate profits figure is set for Friday at 9 a m and housing starts data for March on Friday afternoon A Townsend Textron outdoor product demo and two business meetings are planned in New York during the week
MENTIONED IN THIS ARTICLE
Commerce Department
Treasury
Federal Reserve
Townsend
Textron Inc
Tavern-On-The Green
New York
Professional society meetings planned in Cedar Rapids area
Multiple groups announce gatherings this week at the Longbranch Supper Club and other venues. Cedar Valley and Cedar Rapids chapters of professional associations will host meetings with speakers on topics from inventory control to engineering education and exporting small business aid.
MENTIONED IN THIS ARTICLE
Cedar Valley
The
American Production and Inventory Control Society
Glen Eisen
Arthur Anderson Co
Russ Meeks
Cedar Rapids Consumer Credit Association
Tom Tauke
Northeast
Iowa
American Society of Mechanical Engineers
Highlander Inn
Iowa City
Robert Hering
University of Iowa
Johann Ott
Cedar Rapids
Service Corps of
Longbranch
Mike Dunn
Major new public sale issues scheduled this week
Public sale items listed by Salomon Brothers and United Press International include Allied Corp money multiplier notes 430 million and CIT Financial debentures 150 million due 1987. Also Indiana and Michigan Electric 100 million due 1992 and Southern California Ed 200 million due 2012. Additional issues include Alabama GOs 507 million and Citizens Utilities 38 million, with various tax exemptions and NJ and CT offerings. Dates, maturities, and issuers span April 1982 to 1983 with several due dates in mid-April.
MENTIONED IN THIS ARTICLE
Salomon Brothers
United Press International
U.S
Allied Corp
CIT Financial Corp
Indiana & Michigan Electric
Lst
Southern California
Pennsylvania Power & Light
Alabama
G.o.s
Citizens Utilities
Michigan State Housing Devel. Auth
New Jersey
Facg
Authority
New Jersey Mortgage Agency
Cook County
Ill
G.O
Paratrooper to Prosthetics Pioneer Mihai Patrichi of Networks Electronics
Mihai Patrichi a former thermodynamics professor and air force major who left Romania in 1947 later started Networks Electronics Corp in the north San Fernando Valley. He grew profits, earned 24 patents on industrial and medical bearings and worked on aerospace thrust bearings and afterburner components while insisting on value engineering and direct worker engagement.
MENTIONED IN THIS ARTICLE
Chatsworth
Calif
Mihai
Mike” Patrichi
Michael
Romania
Paris
United States
Patrichi
Networks Electronics Corp
Patricki
San Fernando Valley
Aerospace and Defense
Tax deadline extension not difficult to get
The IRS allows an automatic two month extension to file income tax returns by submitting form 4868. Deloitte Haskins & Sells warns that extensions do not delay payments due and estimates should be paid with the extension. Interest and possible penalties apply if taxes remain unpaid or underpaid. Extensions for those abroad extend to June 15, with further forms needed for beyond that date.
MENTIONED IN THIS ARTICLE
Bu Chet Currier
New York
Internal Revenue Service
IRS Service Center
Deloitte Haskins & Sells
U.S
Patent Office ends hand written examiner replies
The Patent Office announces a shift from handwritten to electronic replies for patent examinations. Examiners will use word processors with a 50,000 term phrase bank, ending a practice begun in 1970 to save costs and replacing earlier typewritten letters from the 19th century era of the department.
MENTIONED IN THIS ARTICLE
Washington
UPI
Patent Office
Commerce Department
State Department
Thomas Jefferson
Aging image vs reality challenges public perception
Bruce Jacobs, assistant professor at the University of Rochester, argues most elderly live in their own homes with paid mortgages and rely on Social Security. He notes poverty rates rise with conservative estimates but non cash benefits reduce official poverty counts. He warns against misperceptions affecting aid and stresses open discussion and data in shaping policy. Cedar Rapids voters rejected Daylight Saving Time.
MENTIONED IN THIS ARTICLE
New York
Bruce Jacobs
Jacobs
University of Rochester
Social Security
South
Alvin Rabushka
Hoover Institution
Wall Street worker returns $37 million in negotiable securities
James Priceman spotted a soggy envelope on Wall Street containing bearer certificates totaling 37.1 million dollars. He alerted A G Becker Inc and handed the package to them in a blizzard, earning a reward and commendation for honesty. The incident prompted praise from Doft & Co and Becker.
MENTIONED IN THIS ARTICLE
New York
UPI
Wall Street
Manhattan
James Priceman
Doft & Co
Priceman
Alan Doft
A.G. Becker Inc
Suzanne Pederson
Becker
Also Mentioned on This Page
Japan Hour Association
Hotel Roosevelt
C.R
Bond Calendar
Norwalk
Conn
Connecticut
South Carolina Public Service Authority
University of Michigan
Pratt & Whitney
Immigration Service
Canada
SAC
Gen
Curtis LeMay
LeMay
George Wallace
American Independent Party
Mike Patrichi
John Cunnitt
Charlie King
Millhiser Smith Agency, Inc
Oakland Road
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