New York City Default Risks Ripple Through U S Cities
The piece notes fears that New York City's potential default could raise borrowing costs for East Coast cities and public agencies. It cites Henry G Simmons of New Orleans and Fed chair Arthur Burns warning that recovery could slow and short term bond notes could become hard to refinance. Other at risk areas include Detroit Cleveland St Louis Philadelphia and Buffalo with bond anticipation notes compounding the danger.
MENTIONED IN THIS ARTICLE
New York
Henry G Simmons
New Orleans
Federal Reserve Board
Arthur Burns
New York City
East
Detroit
Cleveland
St. Louis
Philadelphia
Buffalo
N.Y
Dick Glauman
Milwaukee
Henry Maier
Norwalk ToBe Site Of New Meat Plant
A new nonprofit, Greater Norwalk Area Development Corporation, plans a 450000 dollar meat processing plant in Ridgeville town to be leased to Spring Valley Meats. SBA funds and 100 local members back the project with 16000 square feet building near Norwalk, site work starting soon.
MENTIONED IN THIS ARTICLE
Norwalk
Wis
Greater
Spring Valley
Highway 71
Greater Norwalk Area
SBA
Carlson
Development Corporation
John Creviston
Wilton
Adrian
Wells
Jefferson
Sheldon
Ridgeville
Dowaine Giraud
Robert Cunitz
Jerome Leis
John Berendel
David Olson
Ronald Schendel
Lloyd Luethe
Donald Haldeman
Elderly Man Pleads Guilty In Shooting Case
Herman S. Peterson, 62, of 2618 Cottage Grove Ave., pleaded guilty to causing bodily harm by negligent use of a firearm in the shooting of his brother in law Alvin T. Fortun, 3164 Losey Blvd. S., after a marital dispute. A sentencing date will be set after a presentence investigation.
MENTIONED IN THIS ARTICLE
Herman S. Peterson
Cottage Grove Ave
Alvin T. Fortun
Losey Blvd. S
Peterson
Fortun
Peter G. Pappas
FBI Probes Gambling Ring in Minneapolis Area
The FBI and local authorities seized gambling paraphernalia from eight homes and businesses in Golden Valley St Paul Crystal and Plymouth as part of a probe into an alleged gambling operation. Officers recovered blackjack tables sports event line sheets handicap sheets adding machines and substantial cash with no arrests reported.
MENTIONED IN THIS ARTICLE
Minneapolis, Minn
FBI
Minneapolis-St. Paul
Golden Valley
St. Paul
Crystal
Plymouth
Cities face risk of default spreading to midwestern and eastern towns
An Associated Press spot check lists Cleveland Philadelphia Lincoln Neb Columbus Ohio Boston and Buffalo among cities at risk if a New York default occurs. Boston treasurer James Young notes 30 million in anticipation notes due Nov 24 with refinancing possible. Bond executive James Lebenthal says fear of NYC default has cost municipal borrowers 1.84 billion in extra interest this year.
MENTIONED IN THIS ARTICLE
Associated Press
Cleveland
Philadelphia
Lincoln
Neb
Columbus
Ohio
Boston
Buffalo
James Young
New York
James Lebenthal
Lebenthal & Co
New York City
Dutch American and Russian Win Nobel in Economics
Tjalling C. Koopmans of Yale and Leonid Kantorovich of the Soviet Union shared the 1975 Nobel Prize in Economic Science worth 630 000 kronor. The award honors their work on optimal allocation of scarce resources, signaling a rare Soviet angle in shared honors with a Western scholar.
MENTIONED IN THIS ARTICLE
Stockholm
Sweden
Royal Academy of Science
Tjalling C. Koopmans
Yale University
Leonid Kantorovich
Soviet Union
Andrei Sakharov
Kantorovich
Koopmans
Sakharov
Also Mentioned on This Page
Norwalk ToBe
Coulee
Lacrosse
Floral Lane
29Th & Cass
Yank
Nobel In Economics
Ture
Alexander Solzhenitsyn
Kremlin
SUN
Noxzemé
Zoz
Ol Awene Bouvet
Noxzeme
Reguior
Ust
K Mart
Kmart
Oll
Johnson
Wilk Nsc
Rau Aller
Yan Ay Med
Wey
Mitens
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