Bell Raises Texas Residential Rates Ahead of PUC Ruling
Southwestern Bell announced a $2.80 monthly rise for one party residential service in Texas effective Oct 20, despite no PUC decision yet on its request for a $469.8 million hike. Bonded rates total $246.9 million, mirroring staff recommendations, while long distance increases were avoided.
MENTIONED IN THIS ARTICLE
Austin
Southwestern Bell
Texas
Public Utility Commission
PUC
Bell
Commission
PAC
J. Carlin Brandt
Paul Roth
mournful Cairo funeral joins Sadat peace vow
In a somber Cairo, the United States and Israel pledged to work with Egypt’s new leadership to advance Sadat’s peace process. Egypt tightened security as world leaders gathered for Sadat’s funeral, with events unfolding over the weekend in the capital.
MENTIONED IN THIS ARTICLE
Cairo
United States
Israel
Egypt
Anwar Sadat
Sadat
Inflation slows at wholesale level to 2.2 percent yearly pace
The government reports a 0.2 percent September rise in the Producer Price Index for finished goods, marking the lowest annual inflation in over three years. Energy costs rose 0.6 percent, while food prices at early production stages hint at further relief for shoppers, and analysts see no imminent surge in prices before year end.
MENTIONED IN THIS ARTICLE
Washington
White House
James A. Baker III
Labor
Federal fraud costs government millions
A GAO study covering Oct 1 1976 to Mar 31 1979 found 77 211 fraud cases in 21 federal agencies with an estimated 150 million to 220 million in losses where monetary figures exist. Defense and Social Security agencies bore most cases. 29 percent by federal employees, 18 percent by recipients, 12 percent by corporate entities, and 3 percent by state locals or grant recipients.
MENTIONED IN THIS ARTICLE
Washington
General Accounting Office
GAO
Department of Defense
Social Security Administration
U.S. Postal Service
Department of Agriculture
Defense Department
Postal Service
New York
Uncle Sam
Laventhal & Horwath
HUD to cut FHA VA mortgage rate ceilings on Monday
HUD chief Samuel Pierce says government will lower ceilings on single family level payment loans to 16.5 percent and 17 percent for graduated payment programs, signaling potential easing of historically high rates. Lenders call the move welcome as private rates still trend upward.
MENTIONED IN THIS ARTICLE
Washington
Reagan Administration
Federal Housing Administration
Veterans Administration
HUD
Mark J. Riedy
Mortgage Bankers Association of America
The
Federal Home Loan Bank Board
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Donald Ratajczak
Richard Irwin
Kirk Young
Irwin Steel Erectors Inc
Ondjfmam Jjas
Dept.of Labor
Samuel R. Pierce Jr
Secretary of Housing and Urban Development
Chet Carrier