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Odessa American in Odessa, Texas

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This newspaper page contains 4 articles. Subscribers can read the full text of each article.

Newspaper

Odessa American

Location

Odessa, Texas, United States of America

Date

Oct 09, 1981

Page

4

Sluggish economy persists with weak auto production

U S automakers built 452,257 cars in September as production hit a 20 year September low. Retail sales rose only modestly while Chase Manhattan cut its prime rate to 18.5 percent. Analysts foresee slower inflation but high unemployment and rates into 1982.

United States Chase Manhattan Bank Conference Board Fabian Linden Consumer Economics The Business Council U.S Charles Brown American Telephone & Telegraph Co Council

Inflation slowdown predicted by business economists

Inflation is expected to ease while the economy grows next year though unemployment and interest rates stay high. A 20‑company economists group says 1982 should see revived activity driven by tax cuts, with rates easing modestly and inflation easing but not plunging.

Hot Springs The Business Council U.S Charles Brown American Telephone

Phone measure inadequate deregulation bill falls short

The Senate approved a deregulation bill 90 to 4 that would ease controls on AT&T and allow it into new areas if done via separate subsidiaries. Justice official Baxter said the measure fails to end the antitrust case enough, objecting to access terms for rivals and the effect on splitting the Bell System.

Washington Senate Reagan Administration American Telephone & Telegraph Co William F. Baxter At&t Justice Department Bell Baxter

Pentagon weighs larger warhead for MX missile

A senior defense official says the Pentagon tentatively plans arming the MX missile with a far more powerful warhead than the Mark 12A on some Minuteman III missiles. The Mark 12A yields about 335,000 tons of TNT, and the new design would be significantly greater.

Washington Pentagon U.S

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