Tightened rates could crush housing demand says regulator
Washington AP. Federal Home Loan Bank Board Chair Robert H. McKinney warns further Fed credit tightening may trigger a housing collapse. He says higher mortgage costs divert funds from savings and loan associations and threaten the housing market even as construction remains strong from a young buyer surge.
MENTIONED IN THIS ARTICLE
Washington
United Front
Robert H. McKinney
Federal Home Loan Bank Board
Federal Reserve Board
Fe McKinney
Fed
McKinney
Bank Board
Robert Marshall
Savings and Loan
Vance seeks Saudi support for Camp David
Secretary of State Cyrus Vance seeks Saudi cooperation on the Camp David accords in exchange for the F-15 fighter deal. He flies to Riyadh after talks with King Hussein, while Syria's foreign minister says Vance cannot sway Hafez Assad from rejecting the Sadat Begin framework. The Saudis warn Camp David is not yet a final peace formula.
MENTIONED IN THIS ARTICLE
Amman
Jordan
Cyrus Vance
Saudi Arabia
Camp David
Carter
Vance
Riyadh
Hussein
Anwar Sadat
Menachem Begin
Syria
Damascus
Hafez Assad
Sadat
Israel
King Khaled
Fahd
East Jerusalem
Inside Today and Crossword Highlights
Inside Today features Ann Landers column and more items from June 32 County with a crossword puzzle, editorials, horoscopes, and vital statistics. The Middletown area sections include local society notes and women’s news.
MENTIONED IN THIS ARTICLE
Ann Landers
State
Iss
Middletown
Area
Crime Alert Police Number Readily Accessible
A public crime alert urges residents to call 425 7700 if they witness a crime or notice suspicious activity, reinforcing quick reporting to local police for safety and rapid response.
Weather outlook shows showers and cooler conditions ahead
Weather forecast predicts showers and cooler conditions tonight with a mid 50s low. Friday will be mostly cloudy and cool with a high near 70. The prior morning low was 68 after a 93 high yesterday. Saturday should be fair, with a chance of showers Sunday and Monday, highs in the 70s and lows near 50.
Ethics bill reaffirmed by House amid election drive
Washington AP reports the House cleared a sweeping government ethics bill by reaffirming a rule that sharply limits outside income for members. The 290 to 97 vote sets Jan 1 1979 pay plus 15 percent, while opponents failed to attach a repeal motion. Final passage pushed to next Wednesday with stricter financial disclosure for President Carter, Vice President Mondale, senior executive and judicial branch staff, and post‑agency employment bans for former officials.
MENTIONED IN THIS ARTICLE
Washington
House
Thomas O'Neillad
Carter
Walter F. Mondale
Executive
Judicial Branches
Congress
Senor Federal
Steel union cool to Carter inflation plan
Atlantic City New Jersey United Steelworkers delegates say they will back President Carter in a tougher anti inflation push but only if wage gains are kept in check. They argue health costs must fall and wage settlements must not lag behind prices.
MENTIONED IN THIS ARTICLE
Atlantic City
DiPilato
Carter
Middfest parade to feature 50 units and many groups
More than fifty parade units will start at Barnitz Field at 10 a m Saturday. Middletown bands from Middletown Fenwick and Monroe provide music along Main Street to the City Building. Civil War re-enactors Armco Incc and many organizations join floats and displays including Armco Women’s Association Red Cross Jaycees and Shrine groups.
MENTIONED IN THIS ARTICLE
Barnitz Field
Main Street
Middletown
Fenwick
Monroe
Cindy
Country Breeze
Armco Incc
Middletown High
Century 21 Realty Co
Middletown Adult Education
Armco Women’s Association
Middletown Red Cross
Middletown Jaycees
American
Budget deficit dips to five year low since 1974
Budget conferees reach an agreement for fiscal 1979 projecting a $38.8 billion deficit, the first under $40 billion since 1974. The plan, with $44.7 billion in revenue and $487.5 billion in spending, hinges on spending restraint and a growing economy. Senate and House actions depend on unanimous consent and forthcoming votes.
MENTIONED IN THIS ARTICLE
Washington
House
Senate
Senate Finance Committee
Conference Committee
Carter
Friday activity calendar at City Centre and venues
The schedule lists events at City Centre at 6 p.m. with Del Cox Combo, country and pop. Plaza Area events at 6 p.m.. Jaycees German Beer Garden at 4 p.m.. carnival rides at 6 p.m.. a dinner and style show at the Senior Citizens Center from 7 to 8 p.m. for four dollars. Uncle Al and Captain Wendy perform at Barnitz Field at 7:30 p.m.. and a high school football game Middletown Middies vs. St Xavier.
MENTIONED IN THIS ARTICLE
City Centre Mart
del Cox
Senior Citizens Center
Wen
Barnitz
Middletown Middies
St Xavier
New Jersey Supreme Court Upholds Times Reporter Contempt Conviction
The New Jersey Supreme Court upholds the criminal contempt conviction of The New York Times and reporter Myron A. Farber for withholding notes in a murder case. He must report to jail on September 26. The ruling could set a national precedent on press freedom and was awaited as Farber and the Times planned appeals.
Also Mentioned on This Page
Jackson Hole
Rendezvous Mountain
Wyoming
Pam Sweigert
Jackson
Teton Range
Federal
G. William Miller
Miller
New York
Palestine Liberation Organization
Steel Union
James Baker
Gary
Ind
Carter Administration
Arge
United Steelworkers
John Trotta
Sounds Unlimited
Federation of Womens’ Clubs
Women’s Center
Mid
Dletown Diet Center
Sertoma
Adam Cristo Inc
Carlisle
Turtle Creek Township
Lemon Township
Westside Here
US Army Color Guard
Army
National Guard
Boy Scouts
Smith Park
Society For Creative Anachronism
Knights
Wilfred Vorhis
Armco
Middletown Dog Club
Allen Morgan
WHIO
WCPO
House Budget Committee
Robert N. Giaimo
D Conn
Giaimo
Jaycees German Beer Garden
Farber
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