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Odessa American in Odessa, Texas

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Newspaper

Odessa American

Location

Odessa, Texas, United States of America

Date

Oct 02, 1982

Page

14

Builders Spending Increases Amid U S Construction Rise

August data show U S builders spending on new construction up 1.6 percent, the fifth gain in six months as lower mortgage rates and easing costs lift the sector. Private construction rose 1 percent while total construction spending hit an annual rate of 232.3 billion dollars.

UAW pins contract row on Iacocca cash claim

UAW vice president Marc Stepp warned that if Chrysler’s tentative contract fails, Lee Iacocca would be blamed. He said union leaders are angry at Iacocca for saying Chrysler has a $1 billion cash cushion. Spokesman Britt Temby declined comment. analysts see the money talk as investor reassurance amid near bankruptcy fears.

Detroit United Auto Workers Union Chrysler Corp Lee Iacocca Marc Stepp UAW Chrysler Department Iacocca Chrysler Stepp Solidarity House Britt Temby

Richmond decries death of suspect amid police tensions

In Richmond California a black suspect Willie Lee Drumgoole died after a chokehold incident stirring community outrage. The city under a federal consent decree for minority treatment faces ongoing suits over police shootings including Johnnie Roman and Michael Guillory. Drumgoole, 36, allegedly tried to escape a holding area after a burglary arrest.

Associated Press Richmond Calif Willie Lee Drumgoole San Francisco Mississippi Oliver Jones National Association For the Advancement of Colored People Contra Costa County U.S Robert Aguilar NAACP Johnnie Roman Michael Guillory Roman Guillory Drumgoole

Factory orders decline in August signaling weak recovery

The Commerce Department reported a 2.8 percent drop in new orders for manufactured goods in August, the steepest one month fall in two years. The data, along with a weaker leading indicators index, suggests limited incentive for manufacturers to boost production or rehire workers as the economy lingers in recession. Robert Ortner called the orders decline disappointing yet unsurprising amid broader dull August figures. He reiterated the economy is in a transition phase between recession and recovery, with a small positive gain for fourth quarter expected, softer than Regan’s 3 to 4 percent growthForecast.

Washington Commerce Department Robert Ortner Commerce Ortner Treasury Donald T. Regan

Also Mentioned on This Page

Builder Robert Farlow Robert Dederick Jack Carlson National Association of Realtors Carlson UAW Strike United Auto Workers Caterpillar Tractor Co Mount Joy Iowa Melvin Belli John Jeffrey Smith Morris Phoynne Gees Aerd Eee Odessa Midland HN. Alleghancy Sor The
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