Oil price drop could boost world economy and U S spending
Oil price declines toward 28 to 30 a barrel could lift global growth and trim the U S trade deficit by billions. A 5 a barrel fall may save the United States about 27 billion annually, lower gasoline costs by about 10 percent, and raise consumer spending while hurting oil producers and some banks.
MENTIONED IN THIS ARTICLE
York
Organization of Petroleum Exporting Countries
Britain
OPEC
Nigeria
U.S
Egypt
Soviet Union
New York
Morgan Guaranty Trust Co
United States
Data Resources Inc
Data Resources
Oil price drop tests economies of oil exporters
The article notes weaker oil prices threaten heavily indebted exporters. Mexico would lose about 550 million in annual export revenue per one dollar drop, risking debt repayments with over 80 billion owed. Nigeria Indonesia Iran and other producers could face political strain and instability. Kuwait and Saudi Arabia may also feel pressure from lower revenues.
MENTIONED IN THIS ARTICLE
Mexico
Venezuela
Nigeria
Indonesia
Iran
Persian Gulf
Kuwait
Saudi Arabia
Toto tops Grammys with seven awards in 25th ceremony
Toto led with seven awards including album and record of the year at the Shrine Auditorium ceremony honoring the best in 1981 82. John Williams won three Grammys for E T the Extra Terrestrial music while Lionel Richie Pat Benatar Melissa Manchester and Alabama also won multiple honors.
MENTIONED IN THIS ARTICLE
Los Angeles
Toto
Evannar Whdassdhy
Comoser John Williams
Wallie Nelson
Marvin Gaye
Natonal Academy of Recording Arts & Sciences
Shrine Auditorium
Men At Work
Melissa Manchester
Lionel Richie
Joe Cocker
Jennifer Warnes
Pat Benatar
John Cougar
Jennifer Holliday
Alabama
Lukather
Academy
Chanteuse
Grace Jones
Eddie Mur
Phy
Wings
Richie
Murphy
Gaye
Cocker
Miss Warnes
Nelson
Texas
Miles Davis
Miles
Eric Watts
D.N.A
Earth, Wind & Fire
With
Juice Newton
Roy Clark
Glenn Gould
Johann Sebastian Bach
Gould
Record Academy
Jobs bill heading for House approval
Washington AP reports a 4.5 billion recession relief bill backed by Democrats aims for House approval with extra funds for the poor and elderly. The measure, revising Reagan proposals, shortens highway funding while boosting food aid, low income housing, elder employment programs, and Job Corps efforts as Democrats push rapid passage.
MENTIONED IN THIS ARTICLE
Washington
Deteigue Tegal
Yeauang Lue
House
House Appropriations Committee
Jamie Whitten
D-Miss
Whitten
Reagan
Thomas P O'Neill Jr
Massachusetts
Appropriations Committee
O'Neill
Local News Page Ad Rates and Publication Details
Daily news publication excludes Sundays and holidays. Local rate within the marketing area is $3.25 per month by mail and $2.80 per month by motor route. Published by Grant Southern Pr Ge Mig Co in Frederick Maryland 21701. Second class postage paid at Frederick Maryland.
MENTIONED IN THIS ARTICLE
Moi
Grant Southern Pr
Ge Mig. Co
Frederick
Maryland
Old courthouse may be sold to Frederick City
Frederick County leaders consider swapping and selling the century old courthouse to Frederick City amid plans to expand county offices and remodel City Hall. Mayor Young says city would use the courthouse for a new City Ball while commissioners weigh four to five options for space growth.
MENTIONED IN THIS ARTICLE
Frederick County
Frederick City
Ronald N. Young
Richard L. Grossnickle
Commission
Galen R. Clagett
Clagett
Young
North Market Street
Court Street
Vanne
J. Anita Stup
County Public Works
Lawrence W. Johnson
Johnson
Sterling E. Bollinger
Bollinger
Grossnickle
City Hall
Mayor seeks probe of cancer claims near incinerator
Baltimore mayor William Donald Schaefer voiced support for hiring investigators to study alleged cancer clusters in the Armistead Gardens neighborhood near a city incinerator. Residents testified that discharges may cause higher cancer and disease rates, with Neal Stewart noting three relatives afflicted.
MENTIONED IN THIS ARTICLE
Baltimore
William Donald Schaefer
Schaefer
Armistead Gardens
City Board of
Neal Stewart
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Toto Cops
Steve Lukather
Jay Graydon
Bill Champlin
George Benson
Jmard Gutines Bsulsa Emel
Amtrak
Northeast
the News. News
Allstock
Urbana Pike
Ideo
Buick & Fsk
Cy Morel
Ples
Estee Lauder
Mar
Gladys Fitz Harrold
Bea
Cal
Estes "Lauder
Evan
S-M-L
Eyerly's
Eyerly
Frederick Towne Mall
Amprthere
Eyerly’s
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