Higher rates seen needed to curb inflation, PSU expert says
University Park based economist Dr. David H. McKinley warns that interest rates must rise further to avoid runaway inflation. He notes the third quarter GNP gain was modest 3.4 percent with weak business investment and housing, and cites potential recession alongside inflation if policy stalls.
MENTIONED IN THIS ARTICLE
University Park, Pa
UPI
Pennsylvania State University
Federal Reserve Board
David H. McKinley
College of Business Administration
McKinley
Carter
Proxmire Pushes Credit Data to Recover Federal Debts
Senator William Proxmire announces steps to refer delinquent federal loan accounts to credit bureaus to pressure repayment. He cites about 15 billion in unpaid taxes and loans and argues future collection relies on shaping debtors’ credit ratings. He tests with VA education loan delinquencies to prove effectiveness.
MENTIONED IN THIS ARTICLE
Washington
UPT
William Proxmire
Senate Banking Committee
Proxmire
General Accounting Office
GAO
Credit
Credit Bureaus
Uncle Sam
Credit Bureau
City and Firemen Stalemate Heads to Arbitrator
Talks between the city and its firemen stalled over vacations and bumping. Arbitrator Charles Mullen of Pittsburgh is expected to issue a one year award binding on both sides, while a multi year resolution requires both sides' input. The proposed three year pact included wage hikes, hours reduction in 1981, and a $200 insurance plan, but vacation control and seniority bumping remain contentious.
MENTIONED IN THIS ARTICLE
Charles Mullen
Pittsburgh
James Antonio
International Association of Firefighters
Ronald Rich
Rich
Sixth Ward
Russell Cerami
Cerami
Death Records and Weather Summary for Western Pennsylvania
Death notices list Paul F. Miller Lena Panella Cecelia Lenion Erna Lehning Joseph Blazie Jr Henry M. Jara with ages and addresses. Weather outlook cloudy tonight and Wednesday in Western Pennsylvania with lows near 30 and highs around 45. 20 percent precip through Wednesday. Weather statistics cover Dec 3 4 with highs 54 and lows 30. Moraine State Park temperature 36 at 11 am and 1,775 attendees Monday.
MENTIONED IN THIS ARTICLE
Paul F. Miller
Chestnut St
Lena Panella
N. Greenwood Ave
Cecelia Lenion
Hanna St
Erna Lehning
Ellwood City
Joseph Blazie Jr
Bessemer
Henry M. Jara
Margate
Fla
Pennsylvania
Moraine State Park
Motorized chair gift excites girl at Lakeland school
Susan Fitchett, 13, with cerebral palsy at Seth McKeel Junior High received a $1,200 motorized wheelchair funded by 725 students. Principal Strato Telvely praised the gift as life changing, noting the assembly where Susan spoke for the first time and the students' fundraising efforts.
MENTIONED IN THIS ARTICLE
Lakeland
Fila
UPI
Seth McKeel
Susan Fitchett
Susan
Strato Telvely
Housing Authority seeks 4.7 million for 12 projects
The Lawrence County Housing Authority plans roughly 4.7 million dollars in five year improvements across 12 housing sites. Projects include new hot water heating, storm doors, kitchens, roofs, insulation, and security lighting. West Grant Street will replace a warm air system with hot water, plus other upgrades across multiple locations.
MENTIONED IN THIS ARTICLE
John Manna
Lawrence County Housing Authority
U.S. Department of Housing and Urban Development
HUD
Harbor Heights
Walnut Ridge
West Grant Street
Brinton Hill
Sciota Street
Big Run
Lincoln Terrace
Neshannock Village
Skyview Towers
Crescent Place
Lawrence Manor
McGrath Manor
West Grant
Lincoln
Ellwood City
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