Action to end dollar slide lifts lending rate to 9.5
Washington announced a package of measures aimed at reversing the dollar's overseas decline. The Federal Reserve raised its key lending rate by 1 percentage point to a record 9.5 percent, signaling likely further rate increases across the U.S. economy. The president said the moves are necessary to correct the excessive dollar depreciation.
MENTIONED IN THIS ARTICLE
Washington
U.S
Federal Reserve Board
Carter
White House
Treasury Department
West Germany
Japan
Switzerland
Federal Reserve
Woolworth Frederick opens with grand celebration crowd
Hundreds crowd the Francis Scott Key Mall as Woolworth Frederick launches a grand opening lasting through next Tuesday. The store features upgraded departments and 186 employees, with staff including J E Hawkins and J T Rosensier among executives and managers. A 35 year veteran bootkeeper, Mrs Lucille Baumgardner, joins the new Frederick operation. The Woolworth/Woolco shopping center marks Frederick’s new retail era.
MENTIONED IN THIS ARTICLE
Woolworth Department
Francis Scott Key Mall
Woolworth
Harvest House
Aiard Ber
J. E. Hawkins
Philadelphia
J. T. Rosensier
KR. D. Collinn
R. G. McAuley
A. J. LaBerger
Washington
Frederick
William E. Beneberger
Lucille Baumgardner
Woolworth Frederick
Woolco
Cause of HRC turmoil tied to commissioners
Frederick County HRC members blame the Board of County Commissioners for six years of failing to adopt an affirmative action plan and fear the council could be abolished again. At a public meeting, executives debated firing Executive Director Patricia Hall while most members urged the commissioners to keep her. Leaven Gordon accused footdragging and lack of support for equal rights, warning credibility is being destroyed and recalling a 1971 dismantling of the HRC.
MENTIONED IN THIS ARTICLE
Equal Rights
HRC
Leaven Gordon
Council
Judith Lochner
Sunny mild days with a chilly night ahead
The forecast calls for sunny and mild days with a single clear, chilly night. Daytime highs reach the mid 60s with overnight lows in the mid to low 40s. Thursday will see highs in the low to mid 60s. The note mentions novelist Somerset Maugham, born 1874, died 1965.
MENTIONED IN THIS ARTICLE
Somerset Maugham
Dollar markets nervous as dollar weakens despite rally
The dollar rallied on world money markets but dealers called exchanges very nervous and the dollar remains weak. Gold prices fell on European bullion markets while the dollar recovered in Zurich Frankfurt and Tokyo aided by central bank interventions and rising U.S. interest rates. Most traders doubt the rebound will hold until President Carter acts to stabilize the economy and currency.
MENTIONED IN THIS ARTICLE
London
Zurich
Frankfurt
Amsterdam
U.S
Tokyo
Milan
Europe
Carter
Carter snubs Israeli PM as peace talks press on
Washington signals a cooling stance toward Israel as Egyptian Israeli peace talks progress. President Carter will not meet Prime Minister Begin in New York and Begin will only see Secretary of State Vance. Begin arrives in the U S tonight for a private visit and will address a New York religious group.
MENTIONED IN THIS ARTICLE
Washington
AFP
Carter
Israel
White House
MenachemeTane Rotheel
New York
Jody Fowell
Begin
United States
Manhattan
Peywrelanid
Cyrus Vance
County personnel chief quits over salary dispute
George P. Merson, 58, of Anne Arundel County, resigned as Frederick County's first personnel director after balking at the $16,500 salary, claiming the ad in a local paper cited $28,500. County officials said the position requires overseeing hiring and policy for about 451 workers and that a new search would begin promptly.
MENTIONED IN THIS ARTICLE
George P. Merson
Anne Arundel County
Qet
Frederick County
Merson
County Commission
Lawrence A. Dorsey
Annapolis
Evening Capital
Dorsey
Merron
CETA
Western Maryland Consortium
Hagerstown
Commissioner candidates back tax for schools growth
County commissioner candidates show near unanimous support for increased school construction and related services to curb overcrowding in Frederick, aligning with Proposition 13’s anti tax revolt but favoring targeted funding. Rollie Atkinson reports a shift toward preserving services while addressing growth pressures.
Fleagle cites integrity in Walkersville school admin career bid
Arnold N Fleagle, 34, Frederick candidate for county commissioner, frames his resignation from Walkersville High as principle driven. A former principal who rose through Frederick schools, he clashed with Schools Superintendent Gordon Anderson over Walkersville football plans. The piece outlines broader fiscal debate on taxes, bond funding, and school expansion as the county faces growth and a looming debt. It notes incumbents and candidates agreeing on higher taxes or bonds to fund schools, libraries, and a new jail amid rising enrollment.
MENTIONED IN THIS ARTICLE
Arnold N. Fleagie
Walkersville High School
Fleagie
Frederick
Frederick Cownty
Frederick High School
Walkersville School
Walkersville
Walkersville Senior High
Fleagle
Gordon M. Anderson
Walkersville-area
The
News-Post
Frederick County
Winchester Hall
Annapolis
Virts Reflects on Board Leadership and Controversy
Edgar C Virts Jr. a Jefferson farmer, defends his record on the Board of County Commissioners. He says he works hard, bases decisions on facts, and notes ongoing conflicts with colleagues over leadership. He criticizes the board as controversial and blames weak leadership for missteps.
MENTIONED IN THIS ARTICLE
Edgar C Virts Jr
Virts
Jefferson
Board of County Commissioners
Also Mentioned on This Page
Woolworth’s
Federal Reserve Banks
Treasury
W. Michael Blumenthal
West Comany
Inside the News
Abby
Sintsget
Wall Street AG
Sodangel Wradsag Aponee
Rollie Atkinson
Arnold Fleagle
Paul L. Cram Jr
Edgar Virts
AL Weinberg
Hare
Wirts
Viets Seeg
Edgar C. Viets
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