Fed's Objectivity Questioned Faces Strong Critique
Rep Henry Reuss, chair of the House Banking Committee, said the Federal Reserve System may be in a serious conflict of interest due to business ties of its directors with banks and holding companies. The 421 page staff report cites a network of ties linking 269 directors across district and branch banks to large corporate sectors, questioning diversity of economic views guiding policy.
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Washington
Federal Reserve System
Henry
Reuss
Hose Banking Committee
Hig
Federal Reserve
House
Senate
The
Star
Fed
America
Financial
Stevens
Uist
National Labor Relations Board
Brewer
Roanoke Rapids
Robert E. Coleman
Riegel Textile Corp
Carolina
Coleman
South Carolina Textile Manufacturers Association
Belfast Housewives Rally for Peace Amid Sectarian Violence
In Belfast a rally organized by Catholic and Protestant housewives drew thousands calling for an end to seven years of fighting after the deaths of three Catholic children and a 12 year old girl in crossfire. The event urged the Irish Republican Army to halt attacks while noting ongoing casualties in Ulster.
MENTIONED IN THIS ARTICLE
Belfast
Northern Ireland
Irish Republican Army
Betty Williams
St. John the Baptist School
Andersonstown
Shankhill
Newtonards
Williams
Tom Conaly
CIRA
Ballymore
TRA
South Armagh
Birk
Ulster
Partition Has Become a Reality Says Lebanon Militia Leader
Pierre Gemayel head of Lebanon's Phalange Party declares after seventeen months of civil war that partition is now a reality and calls for separate Muslim and Christian local governments under a federal executive. He notes the Hezbollah fought to a stalemate and worsens the country’s deep religious divide amid ongoing conflict.
MENTIONED IN THIS ARTICLE
Beirut
Lebanon
Pierre Gemayel
Phalange Party
Phalange Radio
Gemayel
Reagan Campaign Aims to Reelect Ford at Convention
Ford backers push for rules changes while Sears and Hermann downplay furor over binding delegates to primary results. The fight centers on allowing ten minute candidate addresses before balloting and which delegates support which nominee. Reagan campaign stresses clarity on Ford running mate as Sen Richard S Schwenker arrives in Kansas City for airport rally.
MENTIONED IN THIS ARTICLE
Reagan
Hermann
Omaha
Neb
Ford
Sears
United States
Fiermann
Seirs
Mann
Richard S. Schweiker
Pennsylvania
Kansas City
Aspin cites Chrysler profits on Army tank contract
Rep. Les Aspin charged Chrysler stood to gain 114 000 percent profit on a 1975 Army tank deal, saying the firm would make 25 million on 22 000 invested as the Army owned the plant. Chrysler argued the bid reflected large inherent risks and managerial costs, not windfall profits.
MENTIONED IN THIS ARTICLE
Washington
Les Aspin
Chrysler Corp
Econ Devcrpt
Asler
Ciety
Chrysler
Aspin
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King’s Chandelier Co
American National
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Seema
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