Lower interest fails to help construction in November
The Dodge Division reports a 10 percent drop in new building contracts in November as higher interest rates and budget cuts erode the industry. The Dodge index sank to 142 from 157, with total November construction at 9.7 billion dollars and year to date 136.9 billion. Housing led the decline, while office and industrial construction rose 10 percent. Non building contracts fell 22 percent to 1.6 billion.
MENTIONED IN THIS ARTICLE
New York
UPI
Dodge Division
McGraw-Hill Information Systems
George A. Christie
McGraw-Hill
Christie
Credit questions before buying on credit
The Money Mechanics guide from Iowa State University urges three checks before credit purchases: Do I need it, is it worth the extra cost, and can I repay. It notes credit is borrowing and should be avoided unless real repayment is feasible, with six months as a rough payoff horizon and faster is better to curb finance charges.
MENTIONED IN THIS ARTICLE
Money Mechanics
Cooperative Extension Service of
Iowa State University
Trading Dims as Yearend Uncertainty Lingers in New York Stocks
Stocks edged lower for the second straight session amid economic uncertainty for the coming year. The Dow slipped 2.09 to 868.25, with the NYSE composite down 2.04 to 316.49 and the NASDAQ off 1.23 to 193.91 as volume rose on a thin holiday market.
MENTIONED IN THIS ARTICLE
New York
UPI
Standard & Poor
Perkin-Elmer
Phillips Petroleum
Warner Communications
New York Daily News
Cox Broadcasting
Republic Financial Services
Goldman, Sachs
Integrated Energy
Houston Oil Trust
Dome Petroleum
National Association of Securities Dealers
Trade deficit widens as November shortfall reaches billions
The United States posted a merchandise trade deficit of 4.41 billion dollars in November, pushing the year’s total to 38.4 billion. Exports rose 0.4 percent to 19.12 billion while imports fell 3.2 percent to 23.53 billion, with the dollar’s strength cited as a key factor.
MENTIONED IN THIS ARTICLE
Washington
UPI
United States
Commerce Department
U.S
Cleaned Half of Three Mile Island Unit 2 Radioactive Water
General Public Utilities reports that more than half of the 600000 gallons of radioactive water in the Unit 2 containment building at Three Mile Island has been cleaned. The water accumulated after the March 1979 nuclear accident at the plant.
MENTIONED IN THIS ARTICLE
Middletown
UPI
General Public Utilities, Inc
Three Mile Island
OSHA shifts blame on multi employer sites to subcontractors
OSHA changes policy to cite the subcontractor who commits the violation rather than the general contractor on multi employer worksites. Assistant Secretary Thorne Auchter says the revised rule clarifies accountability by targeting the employer most responsible and able to correct the hazard while stressing that the basic rule of holding each employer responsible for their own employees remains unchanged.
MENTIONED IN THIS ARTICLE
Washington
UPI
Occupational Safety and Health Administration
OSHA
Thorne Auchter
Auchter
Also Mentioned on This Page
General Motors
Frank B. Hall
Ryder System
Hall
Ryder
Baldwin-United
MGIC
Univar
Chicago
Milwaukee
Oppenheimer & Co
Delta Airlines
New York-Florida
Eastern Airlines
Trans World
Pan American World Airways
Bohemian Savings
Bohemian
Smulekoff
1St Street
3Rd Avenue
Cedar Rapids
Twa
F.d.sc
First National Bank OF Iowa
8Th Ave
Marion
Iowa
33Rd Ave. S.W
FDIC
Fray Fray
Los
Ates
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