Inflation slows as grocery prices dip in July
government reports show a 0.5 percent July rise, the smallest since December, driven by a 0.4 percent drop in grocery prices and a 6.6 percent fall in clothing costs. Despite consumer relief, the foreign trade deficit neared $2 billion as imports rose and exports fell, signaling mixed signals for the Carter era economy.
MENTIONED IN THIS ARTICLE
Washington
Labor Department
Inflation, deficits, and dollar moves dominate July data
The July report shows inflation cooling slightly with 12 month rate uncertain, grocery prices down driven by meats and fresh produce while restaurant costs rise. Housing and transportation post modest gains as purchasing power slips 0.2 percent in July. The nation faces a record trade deficit and a dollar rebound aided by Fed actions to boost Eurodollar demand, with the yen around 193.30 per dollar.
MENTIONED IN THIS ARTICLE
Carter
Labor Department
Federal Reserve Board
U S
Fed
Tokyo
Ford recall debate grows over transmission slip risk
AP reports Ford automatic transmissions in 1978 models may slip from park into reverse, with 777 accidents 23 fatalities and 250 injuries alleged. U S safety chief Joan Claybrook says investigation urgent and could trigger history’s largest recall while Ford notes no proof of slippage when parked properly. GSA meanwhile moves to remove Pintos from its fleet as pages continue.
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Washington
Park
Eesses
Ford Automatic
Noor
Joan Claybrook
Detroit
John C. Eckhold
Ford
Gato Safety Office
Governors seek guidance on tax cuts amid inflation pressures
Maryland and California governors pressed for clarity on tax relief as inflation concerns grow. President Carter’s policy stance and spending cuts were discussed, with Brown mentioning potential paths to survive large tax reductions amid revenue gaps. A Maryland lottery report from Page A notes a drawing result of 413.
MENTIONED IN THIS ARTICLE
Carter
California
Postal strike averted under two week bargaining pact
The Postal Service and three unions reach a 15 day bargaining accord with a federal mediator to avert a nationwide strike. If unresolved issues remain, the mediator will decide. Key disputes include wages and the right to order layoffs.
MENTIONED IN THIS ARTICLE
Washington
Postal Service
William Bolger
Wayne Horvitz
Horvitz
County buys 112 acre Kemptown school complex plan
Frederick County Commissioners vote 4 to 1 to purchase a 112 acre Kemptown tract for a park school complex, contingent on state IAC approval. The $280,000 land, owned by Millie Gladhill, would fund one elementary school for 600 pupils with a park, with a second school possible later.
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County
Kemptown
Frederick County
Park
State Inter-Agency Committee For
Edgar C. Wirts Jr
County Planning Commission
Gordon M. Anderson
Board of Education
Millie Gladhill
Anderson
State
IAC
Wirts
Lawrence W. Johnson
Montgomery County
Johnson
Green Valley
Gilbert A. Newby
110W & P
County to seek input on Shookstown Road expansion plan
County officials heard strong resident opposition to a proposed 42 foot widening of a one mile stretch from Edgewood Road to Bowers Road. They noted funds are in the capital budget for the project and promised a public meeting to gather further input while retaining Stoney Hill Road name and rejecting sewer extensions to Mount Vesuvius subdivision to avoid flooding.
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Shookstown Road
Stoney Hill Road
White Rock
Boulder Road
Mount Vesuvius
Franklin Stillrich
William S. Fout
Sterling E. Bollinger
Board of County Commissioners
Lawrence A. Dorsey
Edgewood Road
Bowers Road
Rent control gains popularity amid unrest and weather outlook
The news notes growing support for rent control while revealing the Nicarguan army jitter from arrests. A variable business climate brings possible showers tonight and Wednesday with mild to warm temperatures. The piece closes with a note about an American man and the perils of lacking proper meals cited to mark Twain.
Frederick County Board to discuss Kemptown school plan
The Frederick County Board of Education will hold a public meeting on Wednesday August 30 at 10 a.m. at Walkersville High School to discuss the future of the proposed Kemptown Elementary School and review percolation design changes. Other topics include personnel and budget items as new teachers prepare for the county opening on September 5.
MENTIONED IN THIS ARTICLE
Frederick County
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