Strong Agriculture and Zero Growth Forecast for 1974
Dr. Paul Nadler of Rutgers told 230 Mexico area businessmen that 1974 will see zero growth amid inflation. He predicts strong plant spending and inventories, but housing declines and weak consumer spending. Inflation remains about 5 percent. stock market outlook is cautious due to rates, energy costs, and environmental expenses.
MENTIONED IN THIS ARTICLE
United States
Paul Nadler
Rutgers University
Mexico Area
Nadler
Knights of Columbus Hall
Commerce Bank of Mexico
William Lambert
Commerce Bancshares
Kansas City
John Cline
Mexico Bank
South America
Federal Reserve moves raise bank funding costs in 1973 review
The article notes higher deposit rate ceilings let banks compete for funds, pushing money prices up and shaping 1974 outlook. It predicts a slower economy with inflation around 5 percent, implying limited declines in short and long term rates unless a recession develops. It cites mismanagement and foreign spending as inflation drivers and warns Americans face intensified competition for scarce goods.
MENTIONED IN THIS ARTICLE
Federal Reserve
Energy Crisis Hits Trucker on Every Mile
EAST BRUNSWICK, N.J. AP. Wayne Langdon, a long-haul trucker, carries petroleum products while facing slower speeds, longer trips, and higher fuel costs. The 55 mph limit trims earnings, extends travel time, and forces him to sleep in a cab bed as fatigue rises. His household relies on careful fuel management and extended absences for work.
MENTIONED IN THIS ARTICLE
East Brunswick
N.J
Wayne Langdon
America
Langdon
Wayne
Margaret
Here
Winston-Salem
N.C
Court forbids vomiting drug punishment in Iowa prison
The Eighth Circuit Court of Appeals ruled that administering apomorphine to punish inmates without consent constitutes cruel and unusual punishment. Officials claimed it conditioned behavior by causing vomiting for misconduct but the court required written inmate consent and doctor certification of understanding the treatment.
MENTIONED IN THIS ARTICLE
Louis
Iowa
U.S. 8Th Circuit Court of Appeals
Iowa Security
Donald R. Ross
PSC May Be Fuel Monitor For Missouri
Missouri Public Service Commission to monitor energy fuel distribution complaints under a bill by Rep. Richard DeCoster. The measure would require all energy transporters to file reports to forecast demand and manage inventories, with PSC staffing needing ten more members to enforce provisions.
MENTIONED IN THIS ARTICLE
PSC
Missouri
Jefferson City
Missouri Public Service Commission
Richard DeCoster
Dcanton
James Mauze
Office of Administration
Westinghouse
Also Mentioned on This Page
Mexico
Energy Crisis
Trucker
Peter Wilson
Pons
Mr Pete Wilson
Mgr
West Plaza
New Jersey
Delaware
Delaware Memorial Bridge
Wilmington
Del
New Jersey Turnpike
Henry Mozee
Miss Missouri
Terri Dodson
Santa Claus
Kling Dept. Store
Tou
Pearl Lane
Pearl
Chevrolet
Buick
Cadillac
Pontiac Air Cond
Chevelle Coe
Jefferson
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