Burns Dilemma Deepens as Money Pace Sparks Debate
Economist Wesley Hillendahl argues Federal Reserve Chairman Arthur Burns faces a no win choice between restraining money growth risking recession or easing it fueling inflation. He cites growing government size, rising debt, and lead indicators showing weakness as the economy edges toward a Britain-like trap. Federal debt totals and the rise in state and local debt are noted.
MENTIONED IN THIS ARTICLE
Arthur Burns
Burns
Federal Reserve Board
U.S
Wesley H. Hillendahl
Bank of Hawaii
Hillendahl
Britain
Federal Reserve
Fed
St. Louis Fed
Hilfendahl
Commerce Department
Jones Firm Opens Alton Office Expands Nationwide Reach
Edward D. Jones & Co. announced a new Alton office, bringing total offices to 200 in 31 states. The Columbus office is led by Randy Dickinson. The firm traces to 1871 and runs many services in towns with populations of 10 000 to 25 000. Frontier Airlines seeks nonstop Spokane to Denver Billings Missoula flights, expected to generate 8.1 million in first-year revenue, per judge Frank M. Whiting of the CAB. American Family Insurance Group buys 21 acres in St. Joseph to replace Midland regional office with a 100 000 square foot building, completing in fall 1979. Fortifying OSH Act tool development, hazard monitors rise in industry, with Frost & Sullivan projecting a 385 million market over 10 years.
MENTIONED IN THIS ARTICLE
Edward D. Jones & Co
Alton
Thelutled
Columbus
Randy Dickinson
Frontier Airlines
Spokane
Wash
Denver
Colo
Billings
Missoula
Mont
Frontier
Frank M. Whiting
Civil Aeronautics Board
American Family Insurance Group
St. Joseph
Midland
Missouri
Kansas
Nebraska
Colorado
Dale W. Aikenberry
Frost & Sullivan
Loss of Valuables Rent Box Security and Access Rules
New York report outlines rental boxes from small to large sizes with annual fees starting at a low amount. A two key system secures access. renter holds one key while the bank holds the other. Only the renter can access, with deputies or joint boxes as options.
MENTIONED IN THIS ARTICLE
New York
Cornell University Extension Service
Theox
Process control boom boosts profits for manufacturers
Babson's Finance Desk notes rapid advances in electronics and computers driving growth in process control equipment across chemicals, petroleum, pulp and paper, minerals, foods, and electric power. Mini and microcomputers enable distributed control networks linking to central systems, reducing engineering costs and expanding markets worldwide. Foxboro and General Electric named as top growth picks.
MENTIONED IN THIS ARTICLE
Itndustries
Babson
Foxboro Co
General Electric
Honeywell
Square D
Westinghouse Electric
Babgon
Foxboro
New York Stock Exchange
Babson’s Reports Inc
Wellesley — Hills
Massachusetts
Electric cars to be more than shoppers
American ingenuity drives a shift in the electric car industry as Chrysler teams with General Electric to develop electrics that meet the performance, comfort, and safety standards of conventional cars, moving beyond simple neighborhood use and shopping.
MENTIONED IN THIS ARTICLE
Columbus, Nebraska
Columbus Ten
Macomber Coplay News Service
Chrysler
General Electric
Devel
C. M. Kennedy
Kennedy
National Highway ‘Traffic Safety Administration
M. Altendorf
Volkswagen AG
William Haddon Jr
The
Insurance Institute For Highway Safety
America
Transportation
Brock Adams
Olson notes 20 years in power field
Glenn Olson, Loup Power District supervisor of purchasing and stores, marked 20 years of service in the electric utility industry. He joined Consumers Public Power District in 1957 as assistant storekeeper in Columbus, became storekeeper in 1970, and was promoted to purchasing and stores supervisor in 1976. The Olsons have two children, four grandchildren, belong to Immanuel Lutheran Church, and Olson is a life member of the VW and a former Columbus Fire Department member.
MENTIONED IN THIS ARTICLE
Glenn Olson
Loup
Olson
Consumers Public Power District
Columbus
Lorraine
David
Glynn Kay) Hinricha
Saugus
Calif
Tom
Newhall
Olsons
Becton Dickinson board loses four members in resignations
Four directors including W. Paul Stillman and R. V. Van Fossan resign from Becton Dickinson and Company. Reasons cited include board management differences amid prior chairman changes. The resignations leave the board at 14 members. Separately, Commerce Department reports 1978 U.S. debts at 3.4 trillion dollars, about 15 400 per person.
MENTIONED IN THIS ARTICLE
Messrs. Tompkins
Wiser
Henry P. Becton
Wesley J. Howe
Fairleigh
Commerce Department
Cengas Promotes Lincoln Men to Senior Posts
Minnesota Gas Company promotes two Lincoln men. Eugene Schroedermeier is named assistant vice president of regulatory affairs and will oversee rates regulatory affairs research and consumer inquiries from Minneapolis. Duane Mehrens becomes director of administration.
MENTIONED IN THIS ARTICLE
Minnesota Gas Company
Lincoln
Eugene Schroedermeier
Schroedermeier
Cengas
Minneapolis
Duane Mehrens
Mehrens
Minngas
Gene Nessly
Minnesota
Dongas
Glenn E. Bonacker
Nebraska
South Dakota
Towa
Taxes rise forecast for year 2000 burden on families
Chicago report notes figures from Commercial Clearing House projecting federal income tax for a median family rising from 1,831 to 5,351 by year end 2000 while family income climbs from 16,400 to over 77,090.
MENTIONED IN THIS ARTICLE
Chicago
UPL
Commerct Clearing House
Library of Congress
Also Mentioned on This Page
Omaha
Union Pacific Railroad
Union Pacific
Telegram Financial Page
Babson's Reports Inc
Sean Bias
Te Whole
Automotive Leasing Systems Inc
Bill Sunday
U.S. 30 Shopping Center
P.D. Box
You
Cesare Benke Columbds
MEME
Asee
Ker Faderal
Depart Insurance Corporation
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