GNP Signals Slowdown Amid Recession Fear In 1980
Washington and New York reports show U S GNP expanding at 1.1 percent in Q1 1980 down from 2.0 percent in Q4 1979 with inflation at 11.4 percent annual rate and Carter warning of a possibly short, mild recession. Major banks cut prime lending to 19 percent as Treasury rates slip, signaling easing credit conditions amid recession chatter.
MENTIONED IN THIS ARTICLE
Washington
Commerce Department
Carter
GNP
New York
Chase Manhattan Bank
Chase
Chemical Bank
Treasury
Israel Refuses Key Demands in Mideast Autonomy Talks
Prime Minister Begin, after a Washington summit, rejects Jerusalem redivision and allowing Jerusalem Arabs to vote for the autonomy council. He insists Israel retains security control and limits council powers to stop a parliament-like body. Talks with President Carter set for April 27 face a May 26 target date.
MENTIONED IN THIS ARTICLE
Tel Aviv
Israel
APF
Menachem Begin
Washington
Jerusalem
West Bank
Jordan River
Begin
Carter
Rute
Begins
Autonomous Council
Allies Move To Close Ranks On Iran Hit By Sanctions
The Associated Press reports Australia and Denmark signals ready to join U.S. pressure on Iran as Carter tightens sanctions and threatens military action if hostages are not freed. Iran dismisses talks and prep for resistance, while European Common Market ministers weigh broader measures. Weather section notes 11 degree low and sunny high in Ottawa.
MENTIONED IN THIS ARTICLE
Associated Press
U.S
Australia
Denmark
Carter
Iran
Abolhassan Bani- Sadr
Pars
Bani-Sadr
Ayatollah Sadegh Khalkhali
Tehran University
United States
Portugal
Copenhagen
Anker Joergensen
Canberra
Ottawa University launches fund drive to avert deficit
With three months left in the fiscal year OU faces a larger deficit due to inflation and rising costs. Board endorses raising the Annual Fund goal from 700000 to 825000 while Ottawa Community Campaign aims for 50000. Campaign directed by Rev James McCrossen with 15 captains and 350 solicitation calls.
MENTIONED IN THIS ARTICLE
Ottawa University
Walter Pankratz
OU Board of Trustees
Larry Dailey
University Development
Ottawa
James McCrossen
Also Mentioned on This Page
Morgan Guaranty Trust Co
Mideast
Tom Watson
Central Heights
Todd Crenshaw
Main
Steve Lunger
Tremont
Santa Fe
Fred Solis
Tran
National Weather Service
Novain
Pankratz
Robert E. Shaw
Lai
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