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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Oct 12, 1975
Page
3
NEW YORK AP business analyst John Cunniff reports that despite higher unemployment for graduates during recessions, government data show college educated workers will grow in demand by about 68 percent from 1972 to 1985, far outpacing overall job growth.
The Gulf of Mexico oil story started near Morgan City Louisiana with the first offshore well in 1947. Since then 4.5 billion barrels have been drawn from the Gulf and global offshore basins could yield vast riches while sparking spills and blight fears. Locals recount coexisting with oilmen, regulatory strides, and lessons from early mistakes as drilling spreads worldwide.
Treasury cash balance gaps push money market experts to forecast about 18 billion in new financing from Oct to mid Dec. October through December borrowing estimated at 9.5, 10, and 6.5 billion with bills and notes. Federal deficit financing backed by the Federal Reserve, warns Simon about crowding out private investment.
Greensboro report notes Willie Lee Rice Jr. promoted to senior customer engineer at IBM Office Products Division. Rice, a High Point native and 1967 hire, is active in local groups and lives at 811 Meredith St with his wife and two children.
The Dow Jones closed at 823.91, up 10.70 from last week while the AP average rose to 261.4, up 6.1. Markets edged higher on easing short term rates but faced pressure from the ongoing New York City financial crisis.
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