Sears sees new credit rules raise prices by 166 million
Sears Roebuck warned at a Federal Reserve hearing that the government rules banning credit discrimination against women would cost about 166 million dollars, with over 140 million in the first year, forcing higher consumer prices and fueling inflation. Executives urged compromise to limit changes to new accounts and borrower requests, while consumer groups pressed for stricter protections.
MENTIONED IN THIS ARTICLE
Washington
UPI
Sears Roebuck
Hlr
Lively
Sears
Federal Reserve Board
Congress
American Banking Association
National Retail Merchants Association
Susan Onaitis
National Organization For Women
Jeffery M. Bucher
Federal Reserve
Marcia D. Greenberger
Center For Law and Social Policy
Bucher
Ford signs $1 oil tariff law amid energy push
President Ford signed the oil import tariff raising the levy by $1 per barrel. The proclamation, effective June 1, will add about 14 cents per gallon to gasoline by August and aims to cut about 50,000 barrels per day of imports this year. Ford announced the measure Tuesday before a six day European trip.
MENTIONED IN THIS ARTICLE
Washington
Ford
Congress
White House
Welfare rolls hit record high as aid recipients rise
Washington reports 11,298,611 people on Aid to Families with Dependent Children in February, topping the March peak of 11,155,999. Ford administration downplays the rise, noting ongoing increases but fewer new entrants to welfare.
MENTIONED IN THIS ARTICLE
Washington
UPI
Health, Education and Welfare Department
Ford Administration
James Dwight
News Social and Rehabilitation Service
Record April Gain in Leading Business Indicators
Washington reports the government's index of leading business indicators rose a record 4.2 percent in April with 11 of 12 components up and only the money supply down. The rise follows a 1 percent increase in March, signaling possible bottoming of the recession though economists urge caution against over-optimism.
MENTIONED IN THIS ARTICLE
Washington
UPI
Commerce Department
James L. Pate
Also Mentioned on This Page
ABA
Kenneth V. Larkin
Bank of America
Barika
National Association of Commissions For Women
Consumer Federation of America
Barrows
Therm
Larkin
Business Index A
Povernment
Metric
Grand Auto
Uae
Ali Road
Sati
Cordovan
Fon
Frites
Bonneville
Super Traction
Steaders
Depens
Etriel
Hayward Ea Corwer Off
Peers
SAN Lorenzo
San Leandro
Fremont
Smdetsoniang Maghere
Oakland
Ordovan
Volt OY
Lifetuae
Ixclide Commercial
Marine Ue
Dublin
Esqhowal ST
OU Lye
Arbi Carwash
Livermore Asv
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