Recession: No Complaints From The Well To Do
Wealthy Angelenos have not altered lifestyles amid recession though the poor and middle class face hardship. Rich households earning 50 000 to hundreds of thousands keep luxury cars, vacations, and dining. Real estate holds value in Bel Air and Brentwood, while department store traffic dips except in upscale lots.
MENTIONED IN THIS ARTICLE
Los Angeles
UPI
Here
Beverly Hills
Marvin Hime
Beverly Ffills
San Francisco
Jack Miller
Switzerland
Wall Street
San Fernando Valley
Bel Air
Brentwood
Holmby Hills
Mike Silverman
Economic News Sparks Hope For Recession End
A rebound in stocks, auto recalls, and lower sugar prices fuels optimism that the recession could end within six months. Ford talks recalls for 33,125 workers. AT&T notes strong debt note sales. GAF mine sale aims to save 180 jobs. sugar prices fall to 49 cents a pound amid surging supply.
MENTIONED IN THIS ARTICLE
Irwin Kellner
Manufacturers Hanover Bank
New York
Kellner
Detroit
Ford Motor Cy
Robert J. Hampson
Ford
Hampson
At&t
Lowell
GAF Corp
Lottery Bill Tarnished as Committee Defeats It
RICHMOND UPI State Del Ira Lechner Alexandria stunned by a 12 to 7 defeat as the General Laws Committee refused to report his lottery bill to the House He plans to press for revival at the next meeting Lechner said he has enough votes to recon sider the measure Also lawmakers moved to extend the 30 day session to Feb 22 with committees halting Feb 7 and cross chamber limits Feb 18 Sen Edward Willey said a two thirds vote is still needed to extend and that about 970 bills remain in committee cases in both houses could push beyond the target
MENTIONED IN THIS ARTICLE
Richmond
UPI
Ira Lechner
Alexandria
House
General Laws Committee
Lechner
Senate
Edward E. Willey
Senate Rules Committee
Tennessee weighs auto inspection cost at seventy million
State Sen. Jim Roberson of Nashville warned mandatory auto inspection would cost Tennessee drivers about 70 million dollars and threaten federal highway funds. He noted 2.4 million cars in the state and estimated 25 dollars per car, with at least one inspection point per county.
MENTIONED IN THIS ARTICLE
Nashville
UPI
Jim Roberson
Tennessee
Roberson
Senate Highway Committee
Goldwater says Nixon may return to politics one day
Senator Barry Goldwater told United Press International that Richard Nixon spoke of returning to the political arena as a party spokesman rather than as a candidate. Goldwater also said Nelson Rockefeller has little chance of winning the 1976 GOP nomination if Ford does not run, and urged a dynamic new GOP chair. Nixon’s health is improving, though he still tires easily, and Goldwater believes Nixon could assist GOP candidates in the future while focusing on his book about Watergate.
MENTIONED IN THIS ARTICLE
Washington
UPI
Barry Goldwater
Richard Nixon
Goldwater
San Clemente
Calif
Nixon
Nelson Rockefeller
GOP
Ford
Mary Louise Smith
Coldwater
John Lundgren
Long Beach
Califio
Stock Exchange In Crisis on Busy Trading Day
On New York Stock Exchange second busiest day in history Bill Moxley and thousands of brokers pushed through the floor amid record hourly, two hour, and three hour trading, all while traders noted orderly activity despite a deluge of buys IBM led activity as large and small investors bought shares amid a looming market correction.
MENTIONED IN THIS ARTICLE
NEW York
UPI
Bill Moxley
New York Stock Exchange
Moxley
John Kavanewsky
IBM
Also Mentioned on This Page
Marvin Wime
Willey
James M. Thomson
Thomson
Stock Exchange
Markel
Fred Lowey
Cowen & Co
Lowey
Treasury
Robert Stovall
Reynolds Securities
Stovall
IBM Trading Post
Supreme Court
Kavanewsky
Kegrport
PCU
Soe
Sun
W. Seal Tvedly
Sanaping BS
John Mallar
Retad
Chote
Simeny Cleande
Harber
Elie
Ceealanen
Redusien
Unaed
Preuftenoil
Fureow
Creuiotown
Unys
Times-News
Loghonan
Gpaerer Ua
Sen Co
Jpaeibare
Tan
Tse
Sandor
W. Center
Fort Henry
Big Stone Gap
Pannington Gap
Norton Rogersville
Sears
N. Eastman Road
Free Service Tire Stores
Blems
VITA
Quan
Sie
Price
Pan Fet
Alize
Goodyear Weary Duty
CAR and Tire Headquarters
West Center ST
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