Steelworkers president cries at union solidarity drive
Pittsburgh born union leader Don Stazak, 47, president of United Steelworkers Local 65 at U.S. Steel South Works in Chicago, sobbed as 400 local presidents united against an industry push for a three year wage freeze, limits on cost of living hikes, and a $3-an-hour newcomer pay cut. He called himself a company man but vows not to betray workers amid company pressure. He warns foremen intimidate workers and fears possible job loss as industry talks fail.
MENTIONED IN THIS ARTICLE
Pittsburgh
Don Stazak
Stazak
United Steelworkers Union
Alice Peurala
Economic Indicators Point To Confusion
Washington based UPI reports that the government spends 1.1 billion yearly to track the economy yet many critics say the vast array of reports creates confusion. Analysts like Herbert Stein and Ago Ambre fault data collection and aging methods, noting a surplus of numbers with limited relevance and a press-driven veneer masking tentative figures. Firms such as Data Resources Chase Econometrics Evans Economics push to synthesize incoming data into a coherent though contested narrative.
MENTIONED IN THIS ARTICLE
Washington
UPI
Ambre
Data Resources Inc
Chase Econometrics
Evans Economics
Fed Cuts Rates As Money Supply Falls
New York UPI reports an $800 million drop in M1, easing pressure on banks. The Federal Reserve lowers the discount rate by half a point to 11 percent, aligning with lower market rates and signaling further cuts in bank reserves and the prime rate next week or two.
MENTIONED IN THIS ARTICLE
New York
UPI
Federal Reserve
Fed
David M. Jones
Aubrey G. Lanston & Co
William V. Sullivan Jr
Bank of New York
Steel import cases filed to curb alloy tool steel surge
Eight steel firms, workers and the industry group filed petitions with the Commerce Department accusing West Germany and Brazil of dumping and receiving subsidies in alloy tool steel. The west German share of US imports tripled 1979 to 1981 and rose from 2 percent to 8.3 percent of the alloy steel market.
MENTIONED IN THIS ARTICLE
Washington
UPI
Industry Trade Association
Commerce Department
West Germany
Brazil
United States
Mortgage rate drop outlook remains distant says economists
A Crittenden Report survey finds only one of 15 economists expects rates to fall below 14 percent soon. Nat Eisenberg predicts 12.5 percent by July 1963, while Lacy Hunt foresees 18.11 percent. Nationwide conventional rates span from 16 to 19 percent, underscoring cautious buyers delaying big purchases.
MENTIONED IN THIS ARTICLE
Crittenden Report
Nat Eisenberg
Economic Advisory Services
Houston
Lacy Hunt
Fidelity Bank of Philadelphia
Also Mentioned on This Page
Della
County Sunday Times
Fecerai
Awar
Sveenes Meee
Mobil Oil Corp
William Tavoulareas
Peter
Washington,d.c
Herbert Stein
President's Council of Economic Advisers
Stein
Ago Ambre
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