Wall Street Rally Fueled by Expected Easy Money
Wall Street rose on expectations of easier money after the Federal Reserve Open Market Committee signaled easing monetary policy. The Dow jumped to the year's high, trading volume reached 1,270,000 on the NYSE, marking one of the ten busiest days in exchange history as investors reassessed rates and growth.
MENTIONED IN THIS ARTICLE
Wall Street
New York
Dow Jones Industria
GYLER
Dlarchip
Avenue
Federal Reserve Board
Vordon
Dreyfus Corp
Fed
Sovk Exchange
Dow
New York Stock Exchange
Tuasday
Ital
Welfare reforms in Harrisburg spark partisan clash
Harrisburg debate centers on Richard Snyder and his bid to curb welfare fraud. He argues a 10 percent budget impact and a sprawling 4000 page rulebook hinder relief efforts, while officials claim reforms are already in place. Snyder seeks mandatory work registration for recipients, facing opposition from welfare agencies and possible veto by Gov Milton Shapp.
MENTIONED IN THIS ARTICLE
Charles M. Madigan
Harrisburg
Richard Snyder
Senate
Pennsylvania
Lancaster County
Snyder
Bureau of Employment Security
Milton J. Shapyo
Attorney seeks firing of Pittsburgh teachers over strike
Pittsburgh attorney David Rothman filed suit in Allegheny County Common Pleas Court to declare all striking teachers' jobs vacant and end the walkout. The city faces school shutdowns as teachers seek pay raises and job security, with court contempt hearings and possible fines against the teachers union leaders.
MENTIONED IN THIS ARTICLE
Pittsburgh
Larngy
David Rothman
Scheolage
Rothman
Allegheny County Common Pleas Court
Board of Education
Common Pleas
Donald Fingler
Leseners
Rock Onder
Uich
Dee. i. Schoo
2Ezler
Pittsburgh Federation of Teachers
Albert Fondy
Fivgter
Federaton
Harrisburg
UPI
Frank C. Milton
Commonwealth Costly
Razald Gondelwan
Hilton
Heer
J. Justin Blewitt Jr
Blowwitt
Postal delay mars holiday mail in Columbus and Philadelphia fire deaths
In Columbus an apparently inefficient holiday mail delivery drew mockery as a man received a misrouted card with no stamp and 20 cents due. In Philadelphia two women died in separate one alarm fires within hours, while residents were evacuated from retirement apartments after a three alarm blaze and a cause linked to careless smoking.
MENTIONED IN THIS ARTICLE
Columbus
San Francisco
Philadelphia
UPL
Bertha Green
North Philadelphia
Edith Clared
Clared
Walnut Park Plaza
West Philadelphia
Fannny Zetllug
Strike stalls surgery in Los Angeles beds closed citywide
A doctors strike nears a seventh day, halting nearly all elective surgery in Los Angeles. Public health officials cope as private physicians protest malpractice insurance costs, causing offices to close and private hospitals to trim services, pushing patients toward public facilities.
MENTIONED IN THIS ARTICLE
Los Angeles
UPS
Ila
Philadelphias Quality of Life survey creator priced out visit
The Greater Philadelphia Chamber of Commerce invited Dr. Ben Chieh Liu of Kansas City to visit Philadelphia on a modest expense plan to showcase the city, but Liu demanded a $300 daily consultant fee and full perks. Officials said they were appalled at his payment demands and offered only a single free day with potential self funding for any extended stay.
MENTIONED IN THIS ARTICLE
Philadelphia
UPIF
Ben Chieh Liu
Philadelph
Greater
Daniel P. Noonan
Chamber
Public Relaton
Pollution control system clears Firestone plant upgrade
Harrisburg reports the Department of Environmental Resources approved an experimental pollution control system that could enable medium sized industries to switch from Brunt oil to Pennsylvania coal. Firestone Tire and Rubber Co will use the process at its Pottstown plant under a one year consent agreement with DEA Secretary Maurice Goddard stating the No 4 boiler will convert fuel to coal with a scrubber to curb sulfur dioxide.
MENTIONED IN THIS ARTICLE
Harrisburg
UPD
Department of Environmental Fleshirres
DEA
Maurice Goddard
Firestone Tire and Robber Co
Uder
Pottstown
Firestone
Million dollar snafu hits Michigan payroll checks
Investigators call it a colossal banking snafu as billions in bad checks bounce across Michigan. The payroll processor Computer Payroll & Accounting Services shut down, leaving clients and employees with worthless paychecks. In Nebraska, ex convict Simants faces mass murder trials as judge and reporters clash during jury selection for the slayings of a Sutherland farm family.
MENTIONED IN THIS ARTICLE
Ghand Hats
Michigan
Siere
Computer Payroll & Accounting Services
North Peatte
Neb
UPI
Exvin Charles Simants
Als
Lincoln County
Hugh Stuart
Simants
Sutherland
County tax income above state average in Lawrence County
Harrisburg Bureau reports Lawrence County residents have a higher median income than the state. The county median is 8483 compared with 4300 statewide, with wages and salaries totaling 331,437,241 and total taxable income among 41,744 returns at 385,220,043. A breakdown by income size shows 15,000 to 19,999 led with 4,662 returns and 15,003 to 19,999 producing 879,913,570 in total. Seventy percent of county returns are in lower brackets.
MENTIONED IN THIS ARTICLE
Harrisburg
Harrsburg
Lawrence Courtiaws
State Department of Revenue
Royaties
Beaver County
Cutler
Mercer County
Lawrence County
Tho Se Ling
Lawrence Countlans
Police uncover false theft plan by two area men
Two area men were arrested on false reports of an armed robbery at Leon's Oil on Moravia Street. Fiorante and Slubte allegedly staged a holdup to steal from the station, but police found inconsistencies, footprints, and witness statements contradicted the tale. Fiorante released on nominal bond. Slubte faces $4,000 bond or $2,020 property. A juvenile was released to parents. Local authorities later confirmed the plan was a hoax.
MENTIONED IN THIS ARTICLE
South Side
Felix Fiorante
S. Cedar St
Anwl Seve Stable
Warpum RD
Howard B. Hanna
Fiorante
Slubte
A. U
Liberty Street
Leon's Oil
Moravia St. Fiorante
Byo
Arxi
Sro
Messa Machine Co
George
Mararia
Stuble
Also Mentioned on This Page
Monte
Benefi Snyder
Nnne
Shapp
Rayshnad Shaler
State Sea
Richard A. Snyder
Alberi Fondy
Sandra Good
Sacramento
Calif
Philip Wilkins
Miss Good
Lynelle Fromme
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