01 Dec 1976
Page 1
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Newspaper
Daily Capital News
Location
Jefferson City, Missouri, United States of America
Date
Dec 01, 1976
Page
1
Washington AP reports the government index forecasting the economy’s path is expected to be flat for October after two consecutive declines. Final tabulations pushed the indicator to no change, easing prior fears of a third straight drop. The last statistic delayed the release by one day while awaiting data.
President elect Jimmy Carter faces quick economic choices as Common Market nations delay decisions until inauguration and OPEC sets oil prices. U.S. Labor Department notes October factory layoffs at 1.7 per 100 employees, up from 1.5, while Agriculture reports a 3 percent drop in raw farm product prices, signaling only modest food bill rises. Foreseen data on October leading indicators may show a flat result, sparking cautious forecasts about next year. Analysts warn against overoptimism despite some negative signals in other indicators. Ford’s forecast growth, unemployment outlook, and year-end projections have softened from earlier optimism.
Former vice presidential nominee Bop Dele urged Republican governors and congressmen to restart a comeback now. He suggested drafting their own tax cut bill in January, raising the personal income tax deduction to 1000 dollars, while warning against complacency and noting GOP image challenges. The GOP Governors Association closed its winter meeting backing the party platform, with some governors wary of strict binding.
Cole County Court and the Jefferson City Library Board agreed to a $40 000 sale of the old library building but final terms depend on settling with Roy A Scheperle. Scheperle Construction Co Inc holds a demolition contract and owns the building under dispute amid an injunction.
Washington AP reports newly elected Democratic freshmen prepare a meeting to decide if they will organize and how to influence reform. Leaders say they may align with earlier class actions but dismiss any plan to oust chairmen. They aim for open, efficient procedures and closer voter focus.
Sears Roebuck and Co announced a 75 000 square foot store at Capital Mall to open in the fall of 1978. Joseph E Duggan cited local growth, 150-200 Sears jobs, and 1 200 mall jobs, while General Growth’s Matthew Bucksbaum described landscaping and a 600 000 square foot mall teaming with plans to blend local lifestyle.
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