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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Oct 03, 1976
Page
7
AP analysis notes the economic pause challenges Republican candidates as recovery momentum wanes. Fears rise over prolonged stagnation, delaying big purchases and business goals, with observers warning political considerations may loom over future forecasts.
William Batten chairman of the New York Stock Exchange warns against viewing corporations as enemies and urges recognizing a shared stake in business health. He cites 115 million indirect investors via pensions insurance plans and college endowments, notes rising institutional ownership and declining individual stockholdings from 31 million to 25 million in the 1970s, and links liquidity concerns to fewer active individual shareholders.
New York AP Louise Lasser star of Mary HartmanMary Hartman says she is seeing a psychiatrist rather than attending drug rehabilitation classes after cocaine possession arrest. In NBC Tomorrow interview she says the judge would penalize her for celebrity. Lasser, ex-wife of Woody Allen, was placed in a six month drug diversion program by Beverly Hills Municipal Court. Police found eight milligrams of cocaine in her purse after a disturbance at a Los Angeles shop in May.
Wall Street discounts the UAW walkout at Ford and weighs how long the strike will last. Economists debate potential two month duration and likely economic damage while Detroit hints at mid October. Local strikes and broader talks with Deere and other firms could extend disruptions into the fall.
Charlotte reports James H. Millis attends a White House briefing with Ford staff on economy energy imports exports and regulatory reform for hosiery directors. Porter A. Hauser rising to VP finance administration at Duke Power with a long local career and family ties. Goodwill Pacesetter Award honors Holiday Inn on S Main Street for guest service excellence. Greensboro notes Blue Bell Inc declares quarterly dividend and Brayton International wins IB Designers gold medal for Domane lounge furniture. San Francisco confirms Maurice R Harrison Jr elected chairman of the American Automobile Association at its 74th annual meeting. Durham announces Robert A. Ross Jr appointed regional group manager for the Piedmont region.
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