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This newspaper page contains 7 articles. Subscribers can read the full text of each article.
Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
May 08, 1977
Page
6
Stanford economist Don Baron warns a capital shortage could hamper American industry over the next decade unless government deficits shrink or corporate profits rise. He notes personal savings rose in the 1970s while government and business savings fell, pressuring funds for investment.
New Jersey voters approved casino gambling in Atlantic City and legislators are drafting rules. Investment bankers say Eastern institutions lack recent familiarity with the city, making multiyillion dollar hotel projects hard to fund. Playboy’s $50 million plan and MGM-style backing are cited as hard tests for financing.
A two day seminar sponsored by Merrill Lynch and the UNC Alumni Assn will be held in the Alexander Room at Elliot University Center on May 14 and 15. Edith Conrad of Merrill Lynch Greensboro will moderate the program titled Personal Finance Every Woman Has One.
Jeanie W Canter joined Archdale Insurance Agency as a personal lines representative with nine years in insurance roles at Rogers Corpening and Protective Agency. Asheboro and High Point executives outlined college leadership, corporate openings, and industry appointments across North Carolina and nearby states.
West German banks create a Eurocard rival to Diners Club and American Express to capture European cardholders. The move aims to double local users and extend credit card use into Soviet markets, with U.S. firms already courting Soviet hotels and restaurants. Diners Club chair Newell Lusky urges prudent use of cards, noting they are a consumer service not a loan, and warns users to ensure they can pay the bill when due.
Gilbert Heebner, chief economist of the Philadelphia National Bank, argues that voluntary business labor talks and even price wage controls won’t curb inflation long term. He favors a balanced budget, open trade, tax reform, and fewer regulations as stronger steps, and hopes President Carter will act.
The Civil Aeronautics Board approved Piedmont Airlines to offer nonstop service between Richmond Virginia and New York Newark, starting June 7 1977. Piedmont will inaugurate service June 14 1977 with three round trips daily. A new grooming boutique by Sandi Carter opened at 9 Hillcrest Place in Winston Salem.
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