Economic optimism slackens in Michigan report warns
A University of Michigan Survey Research Center note warns federal policy should avoid dampening consumer optimism further or risk stalling the economic recovery. It cites October and November interviews showing sentiment at 75.4, near recession lows, with some gains in personal finances and savings though.
MENTIONED IN THIS ARTICLE
Ann Ahbor
Mich
UPE
University of Michigan
Jay Schmiedskamp
George Catona
Ford signs repeal of state fair trade laws
President Ford signed a law eliminating state fair trade statutes, saying the move will boost consumer benefits by restoring competition nationwide. He noted 35 states had abolished such laws this year while 21 more still held them, tracing the measures to the 1930s ban on price competition in retail.
MENTIONED IN THIS ARTICLE
Washington
UPE
Ford
White House
Auto layoffs temper optimistic 1976 car outlook
DETROIT AP—Despite upbeat 1976 forecasts, U.S. automakers plan nearly 10 percent of their labor force off in the last full week of the year. About 69,000 workers will be on layoff with 2,800 on long-term layoff as factories close Dec 23 for a holiday break until Jan 6. General Motors chief Thomas A. Murphy predicted a 10 million unit 20 percent rebound in 1976, though recall timing remains unclear. Industry expects two days of production the week before Christmas, with more layoffs likely into next summer as plants shift and contracts loom. Leonard Woodcock of the UAW echoed a cautiously optimistic tone amid contract negotiations for over 700,000 workers next summer.
MENTIONED IN THIS ARTICLE
Detroit
U.S
Thomas A. Murphy
General Motors
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Fkde
Nabisco
Mmoowar Ont Plaza
Hayward Southland Shopping Center
Ie Eda
Mitchell
Ultra Lite
Forest
Ashinn Coints & Labelcs
Union City
Alvarado Bivd
Atdyr
REX Nite Lite
Pierre
Newark
UGO Faire
Mmovy Uty
Hye
Avery Sb
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Eri
Sylvania
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Bright Cat
San
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Inkes
Cleew
Foothill Square Shopping
Redeye
the Daily Review
Lakewood
Leonard Woodcock
United Aulo Workers
Murphy
MERV
Orig
Mervyn's
Mattel
Ideal
Barbie
Super Surfer
San Lorenzo Hesperian Blvd
Fremont
Mowry Ave
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