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Newspaper
Lawton Constitution
Location
Lawton, Oklahoma, United States of America
Date
Dec 28, 1976
Page
5
New York AP analysis shows indexing gains appeal fading amid wary investors and prudent pension guidance. Crocker National Bank backs active management arguing the S&P 500 could double earnings by 1983, driven by labor, productivity, and inflation projections.
Amtrak officials urge a fair view of the railroad safety record noting 26 derailments this year versus 28 in 1975 and 34 in 1973 while not accounting for a fatality since 1973. They credit auto travel risks and rail maintenance needs, citing fixes in Michigan Illinois and Texas and a Washington to Houston upgrade.
General Motors announced on December 28, 1973, that it would lay off about 86,000 workers as sales of standard size cars declined due to the energy crisis. The move reflects the impact of rising fuel costs on the auto industry and the company’s response to softer demand.
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