New York Exchange ready for a fling at futures
The New York Stock Exchange is poised to launch its own futures market NYFE as early as summer, moving beyond stock and bond trading for the first time in two centuries. Regulators may delay the April 1 start, but NYFE hopes to trade 90 day Treasuries five foreign currencies and possibly Ginnie Mae futures, backed by strong electronic trading systems and charter memberships raising funds well beyond the target.
MENTIONED IN THIS ARTICLE
New York
New York Stock Exchange
New York Futures Exchange
NYSE
NYFE
John J. Phelan Jr
Chicago
Treasury
Board of Trade and Mercantile Exchanges
Wall Street
Ginnie Mae
William M. Smith
Chi
Cago Board Options Exchange
American Stock Exchange
ACE
Commodity Futures Trading Commission
Phelan
Inflation and consumer behavior reshape the business cycle
The piece argues that the public, not economists, misjudged a recession timing and shifted from saving to spending as inflation erodes money's value while goods rise. This behavioral shift toward hoarding goods, not cash, alters the cycle's character and fuel for growth.
Prices rise despite recessions redefine postwar economy
The article notes a shift from price declines to price strength in postwar recessions, driven by policy and labor dynamics. It discusses 58 months of nonwar expansion, rising Producer Prices, higher prime bank rates, and a controversial view of inflation as a political liability under Carter.
MENTIONED IN THIS ARTICLE
Sion
Carter
U.S
Vietnam
Federal Reserve Board
Wall Street
Collins divisions pair on 4.5M Hitachi contract
Rockwell Collins units will merge to fulfill Hitachi Ltd Japan’s 4.5 million contract for a communications buffer system linking Japan E-2C aircraft with the Base Air Defense Ground Environment System. The buffer, first in a multiyear series, uses Tel Telecommunications Products Cedar Rapids high and ultra high frequency gear and Newport Beach Communications Systems data terminals. TRANS W ORLD Airlines selects Collins Air Transport Division WXR-700X weather radar set for 46 units on Boeing 727s with deliveries starting in April.
MENTIONED IN THIS ARTICLE
Collins
Rockwell International
Hitachi Ltd
Japan
United States Marine Corps
Telecommunications Products Division
Cedar Rapids
Data
Trans World Airlines
Collins Air Transport Division
New Officers Elected By Three Local Organizations
New officers were chosen last week by two business groups and an accounting firm. The Painting and Decor Rating Contractors Association elected Dale Kennedy as president with Wesley Kodelka as vice president and Willard Bennett as secretary treasurer. Mike Dahm as second vice president. The Eastern Iowa Chapter Data Processing Management Association named Leland Smithson president and Dick Spurlock vice president with Bob Mitchell secretary, Bob Streeper treasurer, and directors including Tom Miller John Barrack Gary Carmady Dick Johnston Dan Arndorfer John Young and Jon White. The accounting firm Davison Botkin Koranda Sieh elected Donald G. Davison president John C. Botkin vice president Thomas L. Koranda treasurer and Gregory M. Sieh secretary.
MENTIONED IN THIS ARTICLE
Painting and Decorating Contractors Association
Dale Kennedy
Wesley Kodelka
Willard Bennett
Mike Dahm
Eastern Iowa Chapter
Data Processing Management Association
Leland Smithson
Dick Spurlock
Bob Mitchell
Bob Streeper
Tom Miller
John Barrack
Gary Carmady
Dick Johnston
Dan Arndorfer
John Young
Jon White
Clearing House Reports Weekly Bank Clearings Rise
The Cedar Rapids Clearing House said weekly clearings reached 26,414,727 dollars, down from 30,065,560 the prior week but up from 20,613,529 a year earlier. The report compares current performance with recent and prior year figures.
MENTIONED IN THIS ARTICLE
Cedar Rapids Clearing House
Southland tests deterrent with taxi stands at 7-Elevens
Southland Corp partners with Austin Yellow-Checker Cab to place taxi stands at three 7-Eleven stores. Ex-convict Ray Johnson says observant cab drivers deter armed robbers, offering drivers restrooms and coffee while boosting crime reporting. Program expands to other cities. Johnson cites 60 more eyes on streets and police liaison via two way radios.
MENTIONED IN THIS ARTICLE
Austin
Texas
Southland Corp
Southland
Austin Yellow
Johnson
Colorado Springs
Kansas City
Dallas-Fort Worth
Omaha
New York
Tuffy Kirchgatter
Yellow Checker
7-Eleven
Cedar Rapids
Marion
San Diego
Anheuser Busch Marketing Motorcoach Visits Coe College
The Anheuser-Busch Marketing Motorcoach, part of a five-vehicle fleet, will tour Cedar Rapids Monday and Tuesday under Dale Lee Distributing Co. auspices. It serves as a mobile classroom on the Coe College campus for college marketing classes.
MENTIONED IN THIS ARTICLE
Anheuser-Busch Marketing
Cedar Rapids
Dale Lee Distributing Co
Coe College
Carter declares May 11 as Small Business Week
President Carter signed a proclamation naming the week of May 11 as Small Business Week to honor the backbone of the American economy. The move highlights the role of small firms in job creation and national growth.
MENTIONED IN THIS ARTICLE
Washington
UPI
Carter
Also Mentioned on This Page
New York Exchange
James A. White
Ingee
J.A. Livingston
Reime
Mee
The
Philade
Irar
J.A. Livingsto
Communications Systems Division
Newport Beach, Calif
Linn Litho
3Rd Ave
Coventry Gardens
1St Avenue
S.E
City Utilities
Iowa
Don Kuhn
First Avenue
Edward A. Popelka
2Nd Street
Certified Public Accountant Firm
Davison, Botkin, Koranda and
Sieh
Donald G. Davison
John C. Botkin
Thomas L. Koranda
Gregory M. Sieh
Gazette
Klinger Office Supply
Stouffer
J. Graham Baxter II
Pittsburgh
Pittsburgh, Pa
Day Donaldson
Terrace Hill
Thomas J. Hanrahan
Averill House
Second Avenue
Torate
EMBER
Landis
Dick Landis
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