Bonn Japan join U S to resist expansionary policy
The United States with Bonn and Japan seeks restraint on expansionary steps as IMF pressures ride atop the global recession. IMF chief Witteveen and finance ministers from West Germany and Japan call for careful policy to avoid reigniting inflation while avoiding deeper downturn.
MENTIONED IN THIS ARTICLE
Bonn
Japan
U.S
Ures
Witteveen
United States
Germany
U.S. outlines aid proposals for developing nations at UN session
Secretary Kissinger presented a package of measures to assist have-not nations at the United Nations General Assembly. The plan includes a $10 billion IMF financing facility, an international investment trust, energy and industrial institutes, and widened tariff preferences for tropical goods. IMF head Gumersindo Rodríguez and World Bank chief Robert McNamara spoke on reform and lending, urging more aid and changes to global economic power.
MENTIONED IN THIS ARTICLE
United Nations
N.Y
United States
Henry Kissinger
U.N. General Assembly
Kissinger
Middle East
Daniel P. Moynihan
Ford
International Monetary Fund
Capi
World Bank
International Finance Corp
International Energy Institute
Algeria
Iran
Yugoslavia
Abdellatif Rahal
State Department
Washington
Gumersindo Rodriguez
IMF
Robert S. McNamara
McNamara
U S bond market for small investors expands access
American Stock Exchange and PBW Exchange introduce an odd-lot market in U S government securities from 1 000 to 99 000 dollars. The Certificateless system, via DTC and the Fed, lets individuals own securities with electronic settlement and lower processing costs.
MENTIONED IN THIS ARTICLE
American Stock Exchange
PBW
Philadelphia-Baltimore-Washington) Exchange
U.S
Amex
Depository Trust Co
DTC
U.S. Treasury
New York Stock Exchange
State drafts contingency plan if New York City defaults
Gov. Hugh L. Carey said legislation is being drafted to meet a possible NYC default if an emergency fiscal plan fails. The talks come as subway and bus fares rise to 50 cents and commuter rail and tolls increase, with money from pension funds and other sources eyed to fund a three month bridge.
MENTIONED IN THIS ARTICLE
Stanley Johnson
New York
Hugh L. Carey
New York City
Carey
Arthur Levitt
Felix Rohatyn
Municipal Assistance Corp
Big Mac
Rohatyn
New York State
Levitt
Nelson A. Rockefeller
IMF moves to curb gold role triggers gold price drop
The IMF decision to reduce gold's monetary role and to sell at least one sixth of its gold reserves sparked a decline in gold prices on European bullion markets. The accord, formed in Washington, marks the first step in removing gold from the monetary system and allowing currencies to float more realistically.
MENTIONED IN THIS ARTICLE
London
International Monetary Fund
Washington
Automakers unveil 1976 models amid cautious optimism
In Detroit the auto industry braces for 1976 with big-model launches from Ford and GM. Ford leads with new models as GM already tests 1970s pricing. analysts predict 7 million 1975 sales with 9.3 to 9.5 million forecast for 1976, amid gas prices and foreign competition concerns.
MENTIONED IN THIS ARTICLE
Detroit
UPI
Ford Motor Co
General Motors Corp
Thomas Murphy
Moscow world trade center breaks ground in U S Soviet project
In Moscow officials from the United States and the Soviet Union marked the corner stone of a $180 million World Trade Center project. U S Ambassador Walter Stoessel led the American group while Armand Hammer was absent due to illness. The complex aims to boost economic ties and status. It will include a 16 story office tower two hotels a congress center a shopping mall and recreation facilities on 15 acres near the Kremlin. Construction slated for completion by 1980 and reflects the 1972 Nixon Brezhnev trade accord.
MENTIONED IN THIS ARTICLE
Moscow
World Trade Center
Deterte
Moscow River
U.S
Walter J. Stoessel
Missing
Armand Hammer
Los Angeles
Hammer, Cairman
Occidental Petroleum Co
Masones
Kremlin
Also Mentioned on This Page
West Germany
Treasury
William E. Simon
H. Johannes Witteveen
Fund
Hans Apel
Masayoshi Ohira
Robert McNamara
Paul Hofmann
New York Times Service
Organization of Petroleum Exporting Countries
OPEC
U.S. Defense
Bank
Federal Reserve Bank of New York
Fed
Federal Agency
Postal Service
E. V. Dorsey
Sistant
Ing
Dorsey
USPS
Brooklyn
Chicago
North America
Chrysler Corp
American Motors Corp
Lee Iacocca
Iacocca
Nixon
Leonid Brezhnev
Lenn
Thomas Peasing