Pension fund to invest in state home mortgages
Pennsylvania's state pension fund SERB approved investing part of its nearly $2 billion assets in conventional state home mortgages. The move, led by Sat Zubrow, aims to boost the fund while expanding mortgage investments beyond federally guaranteed loans. Fidelity Bank will manage the program under a no-bid cancellable contract, with initial size undetermined, and later consider commercial mortgages.
MENTIONED IN THIS ARTICLE
Harrisburg
UPI
Pennsylvania
Sat Zubrow
Isnane
Fidelity Bank
Philadelphia
Richard B. Goldbeck
Fidelity
Goldbeck
Milton J. Shapp
Zubrow
Veterans Administration
Federal Housing Administration
S&ls
SERD
Ubrow
Mellon Bank
Pittsburgh
Gav. Shap
Mellon
First Pennsylvania Bank
Alliance Capital Management Corp
San Francisco
Loomis Sayles & Co
Philadelphia Investment Co
Pittsburgh National Bank
Ford prepares for final White House day and Carter handshake
President Ford, eager to depart, spends his last full day with private farewells and formal honors. He plans a morning coffee with Carter, a motorcade to the Capitol, then a flight to California with wife Betty. He also met world leaders, announced pardons, and rejected blanket amnesty for Vietnam era draft evaders, while urging allies to stay engaged in Republican ideals.
MENTIONED IN THIS ARTICLE
Washington
UPI
Ford
Jimmy Carter
Executive
Carter
Capitol
California
Detty
Capitol Hil
Andrews Air Fore Base
Alaryland
White House
Fords
Nelson A. Rockefeller
Tokyo Rose pardoned and regains U.S. citizenship
Iva Toguri D'Aquino, the woman linked to the Tokyo Rose broadcasts, receives a presidential pardon from President Ford restoring her American citizenship. She had been convicted in 1949, served time, and faced deportation before years of appeals and finally the pardon closing a long disputed case.
MENTIONED IN THIS ARTICLE
Chicago
UPJ
Iva Toguri D'Aquino
U.S
Ford
Chicago Oriental Shop
South Pacific
D'Aquing
D’aquino
Pacific
Pennsylvania Lottery Targets Legal Numbers Play March First
The Pennsylvania Lottery Bureau plans a March first launch into the legalized numbers game to compete with illegal operators. Advertising seeks to tap current players in a bid to generate up to 125 million dollars yearly for senior programs. Market research shows most buyers will be low income males in cities. Philadelphia and Pittsburgh residents show mixed interest, while Wilkes-Barre natives show strong participation.
MENTIONED IN THIS ARTICLE
Harrishurg
UPI
Pennsylvania Lottery Bureau
Lewis and Gilman
Philadelphia
Lottery Commission Wednnesday
Pennsylvania
Mathias
Ford rejects amnesty for resisters
President Ford spurned blanket amnesty for Vietnam War resisters as a widow sought clemency in memory of Senator Hart. He offered honorable discharges to several hundred deserters who were wounded or decorated, signaling a limited approach tied to existing clemency applicants.
MENTIONED IN THIS ARTICLE
Washington
UPI
Fons
White House
Southeast Asia
Ford
Jane Hart
Sen
Philip Hart
Dmich
Mes
Hart
National Council For Universal and
American Legion
Jimmy Carter
Vietnam
Fire damages Castile Shannon’s Lebanon Shops. six injured
Firefighters battled a large blaze at Castile Shannon’s Lebanon Shops in Castle Shannon. About 100 firefighters from seven companies fought the fire for over six hours after a truck driver saw flames at Murphy’s store around 4 am. Six people were injured, none seriously, mainly from smoke inhalation. The cause was under investigation, with early indications pointing to the second floor of Murphy’s.
MENTIONED IN THIS ARTICLE
Pittsburgh
UPI
Aeron
Castile
Shannon
Lebanon Shops
St. Clair Memorial Hospital
Castle Shannon
Jim O'Brlen
Murphy's
Tames
Death by exposure in rural Pennsylvania home
An elderly Sewickley Township man called for an ambulance to take his sister to Monsour Medical Clinic where Orna Guffey, 89, died about an hour after admission. The two reportedly lived in a single room of a two story brick house without utilities, relying on two space heaters. The incident was linked to exposure.
MENTIONED IN THIS ARTICLE
Jeannette
UPI
Westmoreland County
Orna Guffey
Sewickley Township
Monsour Medical Clinic
Loren Guffey
Guffey
Olivers
AMC seeks sale of West Virginia stamping plant
American Motors Corp. announced negotiations to sell its stamping operation in South Charleston West Virginia to Volkswagen Manufacturing Corp of America. The move could shift some work to Milwaukee Wisconsin or Henanwa Wis. Assets are being sold to cover a $29 million debt owed to a Swiss bank due in February 1978.
MENTIONED IN THIS ARTICLE
Milwaukee
API
American Motors Corp
West Virgins
Volkswagen Manufacturing Corp. of America
South Charleston
W. V
Henawha
Wis
County man drives state parade float
Lawteter County youth Dan Shoaff piloted the Pennsylvania float in the Inaugural Parade through Washington D C. He swapped from Montana float duties and said he learned of the change from his orders. A 1979 Shenango Area High School graduate, Shoaff had helped with parade prep all week.
MENTIONED IN THIS ARTICLE
Lawteter County
Pennsylvania
Washington D. C
Dan Shoaff
Charles Shoaff
Prirceton Ave
Sloat
Seth Transportation Company
Fort Meade
Montana
Shenango Area High School
Shoal
Georgia mulls nickname shift from Peach to Peanut State
Georgia Senate debates renaming the state from Peach to Peanut State as Jimmy Carter’s presidency looms. Senator Paulk backs the change after a tight 27-24 vote, with opponents joking about poultry and pine trees. alternatives like The Poultry State receive brief discussion.
MENTIONED IN THIS ARTICLE
Atlanta
UPI
Jimmy Carter
Yale
Georgia
Carter
Hugh Carter
Plains
Senate
Sendimumy Paulk
Fitzgerald
Fam Plains
General Assembly
Howard Overby
Gainesville
Georgis
Don Ballard
Covington
Jimmy Lester
Aubusse
Overby
Paulk
Planus
Fire forces 11 families from Princess Apartments in Homewood
Eleven families were forced to flee into the bitter cold Wednesday night as a fire swept the Princess Apartments in Pittsburgh Homewood. Firemen, hampered by frozen hydrants, contained the blaze to the third floor of the three story brick building. Officials said Toor was destroyed and the other two floors sustained water damage. All occupants were evacuated.
MENTIONED IN THIS ARTICLE
Pittsburgh
Princess Apartments
Sie
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Retirement Board
Labor Department
Tong
Leonid
Brezhnev
Soviet Union
Israel
Yildhak Habin
Tokyo
Rose
Tuguri d'Aguine
HUD
Paul T. Cain
U.S. Department of Housing and Urban Development
Charles J. Lieberth
H. John Heine
H.a. Cain
Duquesne University
Kathryn Kalsafanas
Duquesne Light Co
Katsafanas
Gary Nelson
Brighton Road
T Homewood
David Hoffman
Comnelly Kennedy
Nelson
George A. Phillins
Allegheny County
Philadelphia Commission On Human Relations
Bell of Pennsylvania
Local 11
The
Federation of Telephone Workers
International Brotherhood of Electrical Workers
Beaver County
Pittsourgh
Joseph Zugay
Enter Township
Center Township
Anthony DeMalteis
Anthony Gerdich
Williamt Demesan
Charles Belters
2Ugay
Port Authority Transit
PAT
AMC
den Shech
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