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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
Washington
Pentagon
U.S
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