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News in Frederick, Maryland

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This newspaper page contains 4 articles. Subscribers can read the full text of each article.

Newspaper

News

Location

Frederick, Maryland, United States of America

Date

Apr 01, 1985

Page

7

Pay equity debate grows with 43 states studying it

Washington AP report shows states moving toward comparable worth to equalize wages for similar jobs despite strong opposition from business groups. A Civil Rights Commission draft labels the theory flawed while Colorado Springs began a local pay equity program. Lawsuits and legislative actions continue across 14 states with 22 having passed some measure.

Washington Civil Rights Commission Clarence Pendleton Civil Rights Panel Colo Robert Isaac U.S. Chamber of Commerce Chamber United States National Committee On Fay Equity Idaho Iowa Minnesota New Mexico Washington State House Federal Civil Service System Senate Congress General Accounting Office Winn Newman

Layoffs Begin Monday as Kennecott Shuts Utah Copper

About 800 workers face layoffs Monday as Kennecott shuts the Utah Copper Division and plans to cut 2,220 positions. Union leaders, Gov. Bangerter, and company president Joklik discuss retraining and potential tax incentives while noting the shutdown ties to low copper prices and global oversupply.

Salt Lake City Kennecott Utah Guy Leiswu Aun Welder Magna, Arthur and Bonneville Holland G. Frank Joklik

Consumer price rise smallest in 12 years report

The IMF announced that consumer prices in the United States and 21 allied nations rose 4.8 percent in 1984, the slowest since 1972. U.S. inflation was 3.2 percent, below the group but above 1983. Money supply grew 7 percent, exports rose, and imports outpaced exports, aided by a strong dollar.

Washington United States International Monetary Fund

Volcker warns protectionism harms housing and growth

FRB chairman Paul Volcker told a Dallas audience that restricting imports to shrink the U.S. trade deficit would hurt housing and other sectors reliant on capital inflows. He urged free trade and urged Germany to maintain open markets while urging cuts in federal spending to close the deficit. He warned that protectionism would only mask symptoms and slow domestic investment.

Dallas Paul Volcker Federal Reserve Board U.S Volcker Japan West Germany United States Reagan

Also Mentioned on This Page

Bingham Ralph WNL Pee Mea Laredo Legg Mason Value Trust Keogh Legg Mason W. Patrick Street Frederick, Md New York Stoct Kachanga Treasury Department Public Debt William Gregg Carole Dineen Katherine Ortega Martin French FRB Protectionism Shack Frederick Shoppers World W. Frederick Tandy Corporation Radio Shack
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