Libya economy slows after coup as oil revenue rises but investment stalls
Libya's post coup economy shows fading private demand and halted public works. Officials report rising oil revenue yet a broad slowdown in construction, trucking, and retail amid rent controls and heightened uncertainty. Diplomatic observers cite bureaucratic confusion and possible cash reserves abroad as factors.
MENTIONED IN THIS ARTICLE
Tripoli
Libya
Idris
Muammar Mohammed Kadafi
Benghazi
Unclear excerpt hints at markets and library gift
A Libyan businessman comments on waiting to see if youths can move the country forward. In England a boy on a newspaper route finds about 3000 pounds unexpectedly. Unesco donates 25,000 youth books to the International Youth Library in Munich, bringing its total to 140,000.
MENTIONED IN THIS ARTICLE
George Atkinson
Atkinson
England
Munich
Unesco
A&P Opens 75 Discount Stores With Lower Prices
The A&P chain launches 75 A-Mart Discount Stores offering cheaper prices and wider items. At an A-Mart in the Bronx ham four pounds for 4.49 and potatoes five pounds for 0.43, versus higher pricing at nearby regular A&P. Store space and staffing expanded to handle 8,000 items. A&P executives cite higher sales volume as key to profitability while noting no trading stamps at the discount outlets and ongoing construction of more standard A&P stores.
MENTIONED IN THIS ARTICLE
John Henry
New York
A&p
A&p A-Mart
Bronx
Frank Celli
A-Mart
Celli
Dallas
AeMart
California
Amart
Edward LePage
LePage
Ybceed
Manhattan
George Huntington Hartford
Lower Manhattan
John
George
Also Mentioned on This Page
Lubbock
By Allan Jacks
Gionale di Tripoli
Forein
Busi
Nessmen
Amay H
Libva
Sudan
Egypt
NETS
Lichfield, England
Grocery Chain
Ave
Slide Road
Discount Centers
Ahi Iny
Gibson’s
Micrin
Gibson
Gibson’s Price
LED Zeppelin
Creedence Clearwater Revival
Tom Jones
Three Dog Night
Santana
Grand Funk Railroad
Steam
Glen Campbell
Charley Price
Gibson‘s
Gibson's
Gillette Foamy
Johnson
Desert Flower Hand
Gibson's Reg
Massa
Drano
Scadan
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