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Newspaper
News
Location
Frederick, Maryland, United States of America
Date
Aug 29, 1978
Page
1
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.
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.
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.
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.
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.
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.
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.
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.
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.
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