Frustrating Gap in Fringe Benefit Knowledge Across Payrolls
A New York AP report argues workers lack understanding of private pension plans valued around 130 billion dollars. It notes funding reports to SEC and Labor Department exist but are not readily accessible to employees, urging clearer communication and questions on vesting coverage and investment risks.
MENTIONED IN THIS ARTICLE
New York
Congress
Securities and Exchange Commission
Labor
James Attwood
Equitable Life Assurance Society
Atwood
Lag In Investor Enthusiasm Reflects Broader Economic Unease
The piece notes consumer caution with weak retail sales and higher savings, tied to inflation and unemployment fears. It details a shift in stock buying by small investors who increasingly redeem mutual fund shares, last seen in May with more sales than purchases, raising questions about whether nerves about the economy or other factors drive market behavior.
MENTIONED IN THIS ARTICLE
New York
Market gains as earnings outlook boosts weekly shares
The market rose over the week with expectations of improved second quarter profits. Analysts noted resilience amid a broad rise in bank lending rates. The Dow Jones average closed at 901.80, up 11.61, and the AP 60 gained 4.5 percent to 323.2.
Fleeting Habits Of Money And Rising Living Standards
The piece argues that inflation, higher living standards, and taxes erode the dollar since 1955, with the dollar halving in value from 1909 to 1919. It notes shoppers feel price rises yet maintain budgets, while desires grow, driving pursuit of bigger cars and better homes as incomes lag.
MENTIONED IN THIS ARTICLE
New York
Simple math on inflation taxes and time for investors
Loeb on Wall Street argues inflation time and taxes erode real returns. He demonstrates how 3 and 6 percent inflation reduce dollar value over 10 years and shows how annualized stock gains can mislead when taxes and spending power are ignored. He urges practical, comprehensive return calculations.
Stock Quotes From NASD Interdealer Prices
Quotations from the NASD show representative interdealer prices around 3 p.m. Thursday and exclude markups commissions or other charges. Markets shift throughout the day as trades occur among dealers.
MENTIONED IN THIS ARTICLE
Associated Press
NASD
Nixon Economic Outlook Shifts on Growth Target
President Nixon's top economist Paul W. McCracken testified that reaching the 1971 GNP goal of 1.065 trillion would be irresponsible. He warned such boosts could rekindle inflation, urged against tax cuts or larger budget stimulus, and opposed wage price controls while noting recent growth under targets.
MENTIONED IN THIS ARTICLE
New York
Nixon
Paul W. McCracken
Council of Economic Advisers
Congressional Joint Economic Committee
McCracken
Council
Congress
Arthur F. Burns
Federal Reserve Board
Eckerd Drugs expands with two new stores and 31 leases
Eckerd Drugs, Inc. of Charlotte reports two new stores open in North Carolina and Georgia, totaling 126 now in operation. Nine leases for future stores were signed across NC, SC, AL, and GA bringing signed leases to 31. Estimated current year sales are projected at 124 million. Blue Bell names Colonel Herman Tropp corporate security director during July 6 1971 start. Burlington Industries promotes Robert Semones to senior VP of marketing for Globe Division, effective July 12.
MENTIONED IN THIS ARTICLE
John T. Sullivan
Eckerd Drugs, Inc
Charlotte
North Carolina
Georgia
Sullivan
South Carolina
Alabama
Blue Bell, Inc
Herman Tropp
Trop
G. E. Dixon
Greensboro
University of Albuquerque
Albuquerque
New Mexico
John Jay College of Criminal Justice
New York
Georgia State University
Atlanta
Fort McPherson
U. S. Army
U. S. Army Military Police
Department of Defense
U. S
Robert C. Semones
Globe
Burlington House Furniture
Burlington Industries, Inc
Robert Philpott
Burlington
Semones
Johnson-Carper Furniture Company
The
Singer Co
IABC Elects McLeese NC Chapter President
Jerry E. McLeese elected president of the North Carolina chapter of IABC. He edits The Wachovian and The Wachovia News for Wachovia Corporation in Winston-Salem and succeeds Ernest A. Knight Jr. New officers include Robert A. Powell and Gail Coffman. directors are Lillian Neal, Roger Ross, and Selah Nell Masters.
MENTIONED IN THIS ARTICLE
Jerry E. McLeese
North Carolina
IABC
International Association of Business Communicators
McLeese
Wachovian
Wachovia News
The
Wachovia Corporation
Winston-Salem
Ernest A. Knight Jr
Burlington Review
Burlington Industries, Inc
Greensboro
Robert A. Powell
RJR Archer
Winston Salem
Gail Coffman
Gilbarco
Lillian Neal
Sears, Roebuck & Co
Roger Ross
General Telephone of the Southeast
Durham
Selah Nell Masters
Cone Mills Corporation
Bennick Named WCOG Program Director In Greensboro
Dick Bennick of Winston-Salem is named WCOG program director by Takes Post James P Poston. Bennick will shape the station sound and host the morning show 6 to 10 A M Monday through Saturday. He previously DJed in Winston-Salem for a decade and worked at WGHP TV High Point and WTOB Radio.
MENTIONED IN THIS ARTICLE
James P. Poston
WCOG
Greensboro
Dick Bennick
Winston-Salem
Bennick
Wghp-Tv
High Point
Wtob Radio
American Legion
the Elk’s Lodge
High Point Bar Hosts Wage Earner Plan Talk by Judges
The High Point Bar Association sponsors an appearance by Judge Rufus W. Reynolds and possibly R. Walton McNairy Jr. on the Wage Earner Plan under Chapter XIII. The noon event July 20 in the Piedmont Triad Room will include a talk and a Q&A for lenders and retailers.
MENTIONED IN THIS ARTICLE
High Point Bar Association
Rufus W. Reynolds
United States District Court
Middle District of North Carolina
Reynolds
R. Walton McNairy Jr
McNairy
High Point
Mart
Piedmont Triad Room
Listener Seeks Plan for After-Work Retirement Route
The Listener is advised to reveal post work plans to receive guidance on reaching retirement goals. Integon insurance and related financial services may offer tools and supports to help pursue long term security and income.
MENTIONED IN THIS ARTICLE
Integon Insurance
Also Mentioned on This Page
Home Office
Attwood
Lues
Thurfri
Jasono
DOW Jones
Loeb
Wall Street
North American Newspaper Alliance
E. Westwood
Welch Printing Company
North Main Street
Leo A. Welch
North Wrenn St
Don W. Blevins
Carolando Corp
Carolando Vis
Carolina
Cent Carp Bank Ma
Efency A
Conner Homes Om
Equitable Leas
Va Fidelity Corp
Nan Bank Corp
Franklin Life
Integon Corp
Natl Dev Corp
Peoples Bank
Natl Bank Um Textiles
Tri South Mor Com
Tri South Mor
St St
Welingtn-Hall
Linda Rubey
Ed Lyon, Jr
C.la
Wake Forest University
Winston-Salem Journal and Sentinel
Wachovia
George P. Clark
C.S.A
Hayden Place
JAG +n AIR SERVICE, INC
High Point Greensboro
N.C
W.high St
Integon
Robert McCuiston
C.1
South Main Street
Highland Motors Inc
N. Main St
Olds
Cadillac
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