White House credits GNP boost to auto stimulus
Detroit area auto financing cut rates push third quarter growth to 2.9 percent Commerce Department reports. Analyst Thomas O Grady says gains were driven by marketing and incentives rather than policy, with fourth quarter risk if discounts end.
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White House
Detroit
Thomas O’grady
Integrated Automotive Resources Inc
Wayne
Commerce Department
Washington
General Motors Corp
Ford Motor Co
Chrysler Corp
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Budget director to push sale of government loans and farm cuts
Budget director James C. Miller III urged selling future government loans to private investors and selling more than $1 billion of existing loans. He signaled possible sharp farm subsidy cuts to meet the Gramm Rudman deficit target for 1988. Ambrose urged Army budget restraint as defense planning faces zero or negative growth.
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Washington
James C. Miller III
Miller
Reagan
Citizens For A Sound Economy
Wall Street
Congress
Office of Management and Budget
Washington Post
Gramm-Rudman
OMB
CIA taps Mexican officials in covert narcotics probe
A San Diego Union report says a CIA wiretap operation in Mexico tied to narcotics investigations implicated high ranking Mexican government and police officials. The effort targeted the disappearance and murder of DEA agent Enrique Camarena Salazar, with the extent and continuity of taps unclear.
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CIA
Mexico
San Diego Union
Drug Enforcement Administration
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Guadalajara
Union
Mexico City
U.S
George Lauder
DEA
State Department
United States
Duffy tavern killings: two held in Montana
In Boulder Montana Terrence and Marie Duffy were slain at The Lounge bar. Two Helena youths Sean Wentz and Kenneth Miller were arrested after a mention by a girlfriend and a high speed chase. The case centers on a robbery motive with a shotgun recovered.
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Boulder
Mont
Patrick Duffy
Terrence
Marie Duffy
Bobby Ewing
Montana
Los Angeles
Judi Saarinen
Joanne
Seattle
Denise Sutherlin
Dallas
Duffy
Lorimar-Telepictures
Barbara Brogliatti
Sean A. Wentz
Kenneth A. Miller
Helena
Justice of the Peace
Joe Miller
Miller
Duffys
Prospector Chevrolet
Schild
Wentz
Ron Morley
Morley
Smokers who cut back may inhale more tar and nicotine study finds
An AP report notes that reducing cigarette use may lead to compensatory deeper puffs. Experts urge quitting or switching to ultra low yield brands. the study emphasizes health gains from stopping.
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Boston
Peyton Jacob Ill
Soviet approves law to permit self employed services
The Supreme Soviet approves a law allowing citizens to moonlight as self employed taxi drivers restaurateurs and repairmen to earn extra cash in the socialist economy. The measure, effective May 1, follows Gorbachev’s push to expand consumer services and loosens long standing prohibitions dating to 1921.
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Moscow
Supreme Soviet
Mikhail Gorbachev
Lenin
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