Commerce Department reports set to show January trade gaps
The January trade deficit, likely to mirror 1982's $36.1 billion red ink, is due today with a 1:30 p.m. release. Other data include new home sales, durable goods, money market funds, unemployment claims, and February unemployment rate figures. The Fed money supply report and a Donoghue yield update are expected later in the week. The Service Corps of Retired Executives will meet Wednesday at 10 a.m. at the Cedar Rapids Chamber of Commerce.
MENTIONED IN THIS ARTICLE
Commerce Department
Labor Department
Federal Reserve
Service Corps of
Chamber of Commerce
Cedar Rapids
THE
TAX Foundation
Non-Profit Foundation
Maury Harris
Paine Webber
Treasury
Bond calendar lists major new issues for week of Feb 28
Salomon Brothers provided the schedule with UPI distribution noting U.S. Agencies none. Corporate issues include Gulf States Utilities 1st mortgage bonds 2013, Guardian Industry notes 1993, Hospital Corp of America convert subordinated 2008, Florida Power & Light first mortgage 2013, Citicorp floating rate 1992, Entex sinking fund debentures 2008, and large totals for Fannie Mae pass throughs and state and local notes with March and April maturities. Also includes various tax exempts and project notes. National money rates listed for prime, discount, bankers acceptance, commercial paper, certificates of deposit, U.S. Treasury bills, broker call loans, and federal funds.
MENTIONED IN THIS ARTICLE
Gulf States
Guardian Industry Corp
Hospital Corp. of America
Florida Power & Light
Citicorp
Entex
U.S
U.S. Treasury
Deere chief Hewitt retires to Jamaica as ambassador
William A. Hewitt leaves Deere & Co after reaching mandatory retirement at 68 to become Ambassador to Jamaica. He accepts a salary of 55000 while resigning a 500000 annual Deere pay, calling the post a new and different career. Hewitt helped steer Deere from 300 million to nearly 6 billion in sales and will be replaced by Robert Hanson as the first non family head in 145 years. He cites a shift to professional management and notes his artistic and ethical interests. Hewitt supported Jamaica as a key Caribbean Basin Initiative ally for economic stability.
MENTIONED IN THIS ARTICLE
Moline
Ilc
William A. Hewitt
Jamaica
U.S
Hewitt
Deere & Co
Deere
Reagan
San Francisco
Lowell High School
University of California
Harvard Business School
Pacific Tractor and Implement Co
California
Patricia Deere Wiman
John Deere
Charles Deere Wiman
Port of Spain
Robert Hanson
Soviet Union
National Advisory Commission On Food and Fiber
Task Force On International Development
National Council For United States
Where did the 1981 tax cut go
A New York analysis explains that the 1981 Economic Recovery Tax Act may deliver far less relief than promised. Projections show net reductions through 1986 shrinking to around 176 billion and possibly 92 billion after assumed future changes. State and local tax hikes further erode the cut’s impact.
MENTIONED IN THIS ARTICLE
New York
Congress
Kenneth Simonson
ERTA
Simonson
Great 1983 tax rebate could outpace official tax cut
Wall Street watchers expect a large unofficial tax refund this spring as withholding adjustments and IRA effects create a $22.5 billion to $26 billion windfall. Goldman Sachs says the lump sum refunds could outsize last summer’s 10 percent cut and July’s 10 percent cut, boosting early recovery while savers may dominate among higher income taxpayers.
MENTIONED IN THIS ARTICLE
New York
Wall Street
Reagan
Congress
Goldman, Sachs & Co
Internal Revenue Service
Gary Wenglowski
Rosanne Cahn
Goldman, Sachs
Goldman Sachs
Don’t lose cool over IRS audit, expert advises
The piece counsels calm handling of tax audits, noting audits can be single issue focused and not always ruinous. It cites 1981 data, outlines common red flags, and explains appeals up to possible Supreme Court review, urging outside help if needed.
MENTIONED IN THIS ARTICLE
New York
Internal Revenue Service
IRS
Matthew Bender & Co
Matthew Bender
Supreme Court
Also Mentioned on This Page
Savings and Loan
Investment Company Institute
Donoghue
Bond Calendar
Salomon Brothers
United Press International
Federal
National Mortgage Association
Texas Municipal Power Agency
State of California
Broward County
Fla
Alabama
Philadelphia
Authority Pn
Houston
Texas
New York State
UPI
Telerate Syster
By Alice Noble
William Hewitt
John Cunnift Dross
U.S. Chamber of Commerce
Washington Report
Chet Currier
the Gazette
Tom King
Millhiser
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