Prime Rate At 19 Percent As Inflation Rises
United Press International reports that big banks raised their prime to about 19 percent with forecasts of a possible slight rise further toward last spring’s peak. Economists note the economy slows but remains resilient, while inflation edges up with a 0.6 percent wholesale gain. Labor data show unemployment at 7.5 percent in November and 7.9 million unemployed, up from a year ago by 1.7 million.
MENTIONED IN THIS ARTICLE
United Press International
Pally Beechs
William Sullivan Jr
Bank of New York
Sen. Lloyd
Texas
Congress’ Joint Committee
Econo
Labor Department
Warsaw Pact leaders pledge no invasion over Poland crisis
A Moscow summit of the Warsaw Pact nations pledged no military action so long as Poland remains on the socialist path. The communique urged improved US relations if Washington adopts a constructive approach. Poland’s leaders faced pressure to curb labor unrest, with assurances that Poland remains a socialist state and will seek aid on food and energy shortages this winter.
MENTIONED IN THIS ARTICLE
Moscow
Poland
United Press International
Communist Party
Stanislaw Kania
Warsaw Pact
Independent Union
Jozef Pinkowski
Kania
Warsaw
Aid halted after murders of nuns in El Salvador
United States suspended aid to El Salvador after four Americans were murdered, including three nuns, triggering urgent meetings in San Salvador as officials weigh backlash and policy responses. Separate reports note additional killings and regional tensions influencing Washington's stance.
MENTIONED IN THIS ARTICLE
San Salvador
United States
el Salvador
Arturo Rivera Y Damas
Washington
House
James Thornwell
Iran urged to settle hostage crisis before Reagan takes office
UPI reports the United States pressed Iran to strike a deal on hostages before Inauguration Day or accept a slower negotiation pace after Ronald Reagan's January 20, 1981, start. Deputy Secretary Warren Christopher conveyed Washington's stance via Algerian intermediaries, stressing Tehran should not expect a sweeter deal from Reagan.
MENTIONED IN THIS ARTICLE
Washington
UPI
United States
Tehran
US S
U.S
Iran
Ronald Reagan
Carter
Warren Christopher
Christopher
Algiers
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Germany
oTaey
Jiang
Peking
Mao Tse-tung
Jiang Qing
Liu Shaoqi
CIA
Xinhuai
Gang of Four
Wang
NY Fire
Harrison
N.Y
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