FSLIC says lower rates saved savings industry despite failures
Federal regulator H Brent Beesley told the Mortgage Bankers Association that the thrift industry is saved overall by falling short term rates and profits should recover in early 1983 though many S and Ls will still fail. He urged recapitalization or mergers where feasible and warned nonviable thrifts should be closed to protect the FSLIC system.
MENTIONED IN THIS ARTICLE
Washington
UPI
Savings and Loan
H. Brent Beesley
Federal Savings and Loan Insurance Corp
U.S. League of Savings Associations
Capitol Hill
Alan Wade
Jonathan Gray
Sanford Bernstein and Co
Beesley
S&ls
Tax incentives fail to boost business capital spending
The Commerce Department reports a 4.4 percent drop in planned capital spending for the year despite supply side tax incentives. The 1982 decline would be the worst since 1975 as recession and high interest rates damp modernization and expansion plans. The latest quarterly survey shows a steady downward trend since mid last year.
MENTIONED IN THIS ARTICLE
Washington
UPI
Commerce Department
Commerce
Malcolm Baldrige
Baldrige
Stock market wavering as blue chips retreat from rally
UPI reports a mixed session with 73.1 million shares traded as blue chips eased and the Dow fell to 912.53. Takeover chatter and merger bets dominated the floor while large U S Steel and Bendix activity reflected ongoing corporate consolidation amid shifting rates.
MENTIONED IN THIS ARTICLE
New York
UPI
Business dinners still deductible but take care
The article explains that business meal deductions remain allowed at 100 percent under the new tax law, despite proposed cuts to 50 percent. It advises thorough recordkeeping, receipts above 25, and daily expense records to withstand audits, and discusses scenarios like bringing spouses to meals and nightlife entertainments.
MENTIONED IN THIS ARTICLE
New York City
Congress
Mr. Black
Internal Revenue Service
Prentice-Hall
Postal Financial Corp Sale Clears Phase-Out
Sioux City based Postal Financial Corp began phase-out as 30 employees transition. St Paul Companies said Security Pacific Corp of Los Angeles bought the consumer finance firm and will move home office functions to its San Diego headquarters. Terms were not disclosed. Labor Dept reports 4.4 million unemployment benefits for week ending Aug 21, down 55,900, with initial claims at 507,000 for week ending Aug 28.
MENTIONED IN THIS ARTICLE
Sioux City
Postal Financial Corp
Washington
UPI
Labor Department
Bell sues to block Iowa refund order in 1981 case
DAVENPORT Iowa UPI A Scott County District Court suit by Northwestern Bell could delay refunds to about 750 000 Iowa customers. The Iowa Commerce Commission ordered refunds totaling 11 million dollars for higher rates collected, with residents expected to gain about 2 40 in 1981.
MENTIONED IN THIS ARTICLE
Davenport
UPI
Scott County
Northwestern Bell
Iowa
Telephone Company
Iowa Commerce Commission
Four Rack Total Time Limit
Yesterday's solution discusses a four rack total time limit set at 20 minutes. It outlines constraints for pacing and scoring, noting the time cap and the need to manage multiple racks within the allotted period.
Also Mentioned on This Page
FSLIC
Federal Home Loan ‘Bank
Cedar Rapids
Bruce McGrath
Pontiac
Center Point Road
Age
Dow
New York Stock Exchange
Standard & Poor
Superior Oil
General American Oil
Bendix
Martin Marietta
United Technologies
Hospital Corp. of America
ASA Ltd
Campbell Red Lake
Dome
Homestake
IBM
Amdahl
American Stock Exchange
Hitachi
Minnesota Mining & Manufacturing
Dome Petroleum
Wang Laboratories
Alaska Airlines
IRS
Sylvia Porter
Universal Press Syndicate
Ford
Dearborn, Mich
Henry Ford II
Ford Motor Co
Philip Caldwell
Morrell
Sioux Falls
S.D
United Food and Commercial Workers Union
John Morrell and Co
Chicago
Postal Finance
Bell
Scribble Begoe
Scrabble
Judd
United Feature Syndicate, Inc
Seichow and Righter Co
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