Bonn Summit Looms as Inflation and Trade Talk Rise
The Bonn economic summit, set for July, faces tempered expectations despite talks on inflation, unemployment, and exchange-rate stability. US Germany Japan trade gaps, oil imports, and energy policy loom large as Strauss and Schmidt hint at concessions in exchange for market access and liberalized trade.
MENTIONED IN THIS ARTICLE
Bonn
U. S. Trade
Robert S. Strauss
Washington
United States
West Germany
U.S
Germany
Japan
Helmut Schmidt
Business Week
Geneva
Strauss
Public stock issues revive activity on wall street
Federal Express led a small wave of 18 new public offerings this year, rekindling market life after a lull since the early 1970s. The FedEx IPO of 1.07 million shares on April 24 spurred a surge as the stock rose from $24 to $43.5, recalling a past boom when many new issues jumped in price. Investment analyst Yale Hirsch notes that in 1968, 550 first-time offerings saw 125 triple and 124 double in value, showing why investors chase new issues.
MENTIONED IN THIS ARTICLE
Wall Steel
Federal Express
Yale Hirsch
Old Tappan
N.J
Hirsch
Washington tax debate strains new stock market growth
The new issue market surged to near 3 billion annually at its late 1960s peak, slipped to about 100 million by 1974, then rose to around 45 by last year. Washington policymakers consider capital gains tax cuts to spur equity issuance, but the Carter administration opposes, arguing gains largely come from speculation rather than boosting industry, capital formation, or jobs.
MENTIONED IN THIS ARTICLE
Washington
Congress
U.S
On This Date July 14 Historical Highlights
Today marks Bastille Day in 1789 as Paris storms the Bastille, beginning the French Revolution. Other events include Iraq coup 1958, Adlai Stevenson death 1965, Richard Speck murders 1966, Nixon narcotics drive 1969, Bastille Day rioting ten years ago, and US Air Force falsified records claim five years ago. Birthdays include Gerald Ford and Irving Stone.
MENTIONED IN THIS ARTICLE
Paris
Bastille
Iraq
Faisal 31
Baghdad
Adlai Stevenson
London
Chicago
Richard Speck
Richard Nixon
Congress
Air Force
Senate Armed Services Committee
U.S
Cambodia
New York City
Gerald Ford
Irving Stone
Thurmond Reverses Stand Over TV Ads Aimed at Children
The Senate veteran initially backed FTC efforts to curb sugary child targeted TV ads. Faced with lobbying from candy and cereal interests protecting a $600 million market, Thurmond reversed course, praising the commission then abruptly opposing further restrictions on children’s advertising.
MENTIONED IN THIS ARTICLE
Jack Anderson
Washington
Thurmond
Commission
C ‘S
Mwaster
Lyr-Zan
Thurmonds flip flops in sugar ads fight and Tito clash
A fragmented roundup notes Thurmond shifting stance on sugar ad regulation amid lobbying denials, Tito opposing a Yugoslav monument to Mihailovic, and DuPont resigning from NIDA with Karst Bestman stepping in. The piece also criticizes SEC parking bias against disabled lawyer Evan Kemp and hints at ongoing reforms.
MENTIONED IN THIS ARTICLE
Thurmond
Ralph Yarborough
D-Tex
Capitol
Chocolate Manufacturers Association
Richard Wiley
E Wiley
Tito
Congress
Marshal Tito
Foreign Ministry
Lawrence Eagleburger
Eagleburger
Clement Zablocki
D-Wis
State Department
U.S
Dupont
National Institute of Drug Abuse
Robert DuPont
Karst Bestman
Capitol Hill
Fed tightens money supply fuels inflation fears in 1970s echo
Washington observers compare current Fed actions to 1974 when rate hikes and money supply controls helped push the economy toward a deep recession. The piece notes the Fed acts to counteract government overspending and inflation, independent of presidents and chairmen, focusing on curbing price rises.
MENTIONED IN THIS ARTICLE
Washington
Money Managing
Federal Reserve Board
Fed
Arthur Burns
Jimmy Carter
G. William Miller
Congress
Presidency
Fed tightens money, rates hit 1974 highs amid inflation
Prices rise over 10 percent annually prompting the Fed to tighten the money supply. Mortgage costs exceed 10 percent as the central bank risks overdoing restraint and triggering a recession, with Miller and Blumenthal warning of possible harm and Congress curtailed spending.
MENTIONED IN THIS ARTICLE
Fed
Also Mentioned on This Page
Schmidt
Carter
Business Mirror
Chet
NEW York
Air Freight Company
New World Computer
Pear Test International
Pacific Pistachios
Streeters
Treasury
Michael Blumenthal
Blumenthal
Daily Star
Hammond
David K. Frazer
Laurence Hitchcock
Chris Bond
Louisiana Press Association
Newspaper Advertising Bureau
ANPA
Southern Newspaper Publishers Association
Intend Daily Press Association
Clovisiena Newspaper Advertising Executives
Mid-South
First National Bank of Commerce
New Orleans
Bill Spence
Art Graziano
Associated Press
NEA
Congressional Quarterly
Official Journal
Southeastern Louisiana University City of
Audit Bureau OF Circulations Member
Merry
Yugoslavia
Draza Mihailovitch
Mihailovitch
Drug Agency
The
Alcohol, Drug Abuse and Mental Health Administration
Evan Kemp
Securities and Exchange Commission
Kemp
SEC
Ben Mille
Washington Today
By R. Gregory Nokes
Miller
White House
Rod Carew
Berry's
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