Auto industry ahead fears long-term shifts in Michigan economy
Lt. Gov. James H. Brockley warns that business will not return to normal in the auto sector. He predicts unemployment may hover around a couple of points above the U.S. average as workers exit or reduce participation. He notes risk of eroding social services and economic activity if labor force migration persists, especially for high paid assembly workers facing competition from imports and automation.
MENTIONED IN THIS ARTICLE
Michigan
Brickley
Bank loan program backs shut-in gas security
Royal Bank of Canada launches a financing plan allowing small and medium oil and gas firms to borrow using shut-in natural gas as collateral. The scheme, announced in Calgary, aims to ease liquidity by leveraging gas held in storage with no immediate repayment requirements.
MENTIONED IN THIS ARTICLE
Terry McDonald
Financial Times News
Calgary
Royal Bank of Canada
The
Royal
Dave Maltby
Bank
Alberta
Maltby
Blake Ashforth
Terry Fox Still Stable Amid Crowd at Royal Columbian
Fans and well wishers flood Royal Columbian Hospital with gifts and letters after Terry Fox leaves intensive care and shows improved lung and heart conditions. Doctors note no change in his stable status as he breathes without a respirator following recent treatment.
MENTIONED IN THIS ARTICLE
New Westminster
B.C
Terry Fox
Royal Columbian Hospital
Fox
San Francisco
Charles Weissmann
University of Zurich
Doctors grow living skin in lab for burn victims
Researchers at MIT led by Eugene Bell have grown full thickness living skin from cells in a test tube and transplanted it in animals, with a human transplant underway. The skin equivalent tissue may permanently cover wounds, unlike artificial skin.
MENTIONED IN THIS ARTICLE
Cambridge, Mass
Eugene Bell
Massachusetts Institute of Technology
Science
Bell
Trudeau praises Brezhnev Reagan for cautious detente progress
Prime Minister Trudeau says Reagan and Brezhnev have shown prudence and maturity in pursuing East West dialogue. He hopes Reagan's Ottawa visit yields Canada U S issues progress, warns against Yankee traders, and notes U S foreign aid cuts are disappointing. He stresses a cautious path toward a possible summit and questions what comes after Afghanistan with East West tensions.
MENTIONED IN THIS ARTICLE
Ottawa
Trudeau
U.S
Ronald Reagan
Leonid Brezhnev
Reagan
Brezhnev
Afghanistan
Moscow
Weather report highlights sunny with high 5 and low minus 3
The forecast calls for sunny conditions with a daytime high of 5 and a low of minus 3. A weather map on page 20 accompanies the brief.
Chrysler Secures 400 Million Federal Loan Backing
Washington AP Chrysler Corp wins final approval for 400 million in new government loans to avert bankruptcy as it posts the largest annual loss in U.S. corporate history. The lender board confirms conditions met, with Iacocca optimistic about 1981 gains amid ongoing reforms and a push for a merger.
MENTIONED IN THIS ARTICLE
Washington
Chrysler Corp
U.S
Treasury
Donald Regan
Chrysler Loan Guarantee Board
Chrysler
G. William Miller
No. 3 Automaker
Ford Motor Co
Touche Ross and Co
Lee Iacocca
Western oil industry losses hit 2 billion in energy row
Selby Porter of the Canadian Association of Oilwell Drilling Contractors warned at the CAODC meeting that Ottawa’s energy policy will cost Canada about 2 billion in lost petroleum activity this year. He cited 131 rigs leaving Canada and a 1.2 billion drop in oil value this year, with potential 12 percent income fall for 26,000 Red Deer workers.
MENTIONED IN THIS ARTICLE
George Oake
Southam
Calgary
Ottawa
Massey- Ferguson
Chrysler
Selby Porter
Canadian Association of Oilwell Drilling Contractors
CAODC
Porter
Association
National Energy
Canada
Trudeau
Massey Ferguson
Calgary Herald
Alberta
Red Deer
Montana Power May Sell Canadian Energy Assets
Montana Power Co. plans to solicit bids for its Canadian energy holdings due to new Canadian policy controls. The move follows inquiries about Canadian subsidiaries including Montan a Gas Co. Ltd and Altana Exploration Co. and comes with a reported net asset range of 210 to 350 million Canadian dollars.
MENTIONED IN THIS ARTICLE
Butte, Mont
Montana Power Co
Canada
Joseph McElwain
D and S Group
D and S
McElwain
Kidder-Peabody and Co
Paul Schmechel
Canada Mexico trade deal expands in rail cars and farm goods
Mexico will buy subway cars from Bombardier of Montreal and import Canadian wheat dairy canola corn and beans under a new agreement. The deal could add up to 100 million in additional sales over two years while direct citrus fruit and vegetable imports to Mexico are explored. Leaders from both nations attended the signing as discussions continue.
MENTIONED IN THIS ARTICLE
Mexico
Canada
de la Vega
U.S
Lumley
Conasupo
Mexican Basic Food Commodities Agency
Eee Wheat Board
Dairy Corn
Whelan
Canada Mexico agree on major trade deals including Bombardier rail sale
Arrangements cap months of talks between Canadian and Mexican officials. Bombardier will supply 20 trains of nine cars for Mexico City subway expansion starting in 1982. Mexico can buy large quantities of wheat, milk powders, evaporated milk, canola, corn and beans in 1981 with growth projected in 1982. De la Vega says the deals hint at wider cooperation to spur Mexico’s self sufficiency in food and agricultural expertise.
MENTIONED IN THIS ARTICLE
Ottawa
Mexico
Canada
Ed Lumley
Bombardier Inc
Montreal
Mexico City
Trudeau
Eugene Whelan
Jorge de la Vega Dominguez
Bombardier
Montreal Metro
de la Vega
Also Mentioned on This Page
Terry
Highway 3
10Th Avenue N.W
Frank Webber
el Salvador
Mark MacGuigan
Soviet Union
Congress
Regan
Jimmy Carter
West
Montana Power
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