Economists predict no recession in 1979 here
Illinois Farm Bureau seminar heard economists expect inflation near 7 to 8 percent in 1979 with possible food price gains beyond that. Ted Tung of Continental Bank cited modest midyear slowdown but solid momentum and improving disposable income, employment, and a smaller trade deficit as factors keeping a recession unlikely. Butz tied food price rises to meat shortages and consumer demand, urging inflation controls rather than food price fixes.
MENTIONED IN THIS ARTICLE
Chicago
Illinois Farm Bureau
Ted Tung
Continental Bank
Tung
U.S
Dale Butz
Farm Bureau
Agriculture Department
Butz
Elgin Man Held After Two Parking Lot Shootings
Philip Jones, 27, of Elgin, ordered held in Kane County Jail on 50000 bond for shooting Verlyn Saylors 27 and Charles Foland 46 in an Elgin restaurant parking lot. Saylors and Foland, pursued after Jones blocked their car on the Tollway, were shot in the abdomen. Jones faces a court hearing on December 21.
MENTIONED IN THIS ARTICLE
Elgin Man
Geneva, Ill
Philip Jones
Elgin
Kane County
Jones
Verlyn Saylors
Carpen
Arson ruled out in fatal Southwest Side fire
In Chicago a fatal apartment blaze that killed seven people on the fourth floor was ruled not to be arson after investigators checked the building. Fire officials cited a fire starting on the third floor in a couch or Christmas tree, with missing smoke alarms and stolen batteries hampering early detection. The structure housed 10 apartments and two children, Jimmy Cruz and Amelia Cruz, were among the victims. Survivors noted many nonresidents stayed on the fourth floor, complicating victim identification.
MENTIONED IN THIS ARTICLE
Chicago
Richard G. Albrecht
Albrecht
Juan
Maria Cruz
Jimmy Cruz
Edmundo Revelos
Antonio Rodriguez
Raymond Solis
James R. Newbold
Shapiro reelected leader of Illinois Senate Republicans
SPRINGFIELD Ill AP Sen David C Shapiro R Amboy has been unanimously reelected as Illinois Senate minority leader for two years. He called the vote smooth and said the GOP will push tax relief pass Gov James R Thompson s budget and replace the 400 million machinery and corporate property tax before April 1 1979 unless delayed. He noted Senate leadership vacancies to be filled after Jan 16.
MENTIONED IN THIS ARTICLE
Springfield
Ill
Illinois
General Assembly
Illinois Senate
David C. Shapiro
R-Amboy
Shapiro
Senate
James R. Thompson
Thompson
Sen
Stanley B. Weaver
R-Champaign
GOP
Bradley M. Glass
Northbrook
James E. Soper
Cicero
Glass
Soper
State Central Committee
House
Amboy City
Light year distance not time measurement
A light year is defined as the distance light travels in one year, not a unit of time. It equals about six trillion miles and is used to express vast cosmic distances.
Barrington Hills breeder named chairman of racing board
CHICAGO. Charles E. Schmidt Jr., a 40 year old stockbroker and horse breeder from Barrington Hills, was named by Gov. James R. Thompson to chair the Illinois Racing Board. Schmidt, a Republican, was appointed in June 1977 amid conflict of interest allegations he moved to resolve. The post had been vacant since Lucy Ream resigned August 8 after feuding with Joseph Kellman.
MENTIONED IN THIS ARTICLE
Chicago
Charles E. Schmidt Jr
Barrington Hills
James R. Thompson
Ilinois Racing Board
Schmidt
Thompson
Gayle Franzen
Lucy Ream
Oak Park
Joseph Kellman
Also Mentioned on This Page
Rachel McCafferty
San Francisco
de Young
Rachel
Irv Galvin
Galvin
Wey
Rye
Ras Meso
Knik
Ant Mae Ld
da Rem Marber Ney
Bieta
Bar Eid
Fear Ey Bares Bey Uty Tas
Eet
Carhartt
Vesa
Lev
Good Sears Ar Care
Beri
Man & Boys
Aetacey
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