Economists foresee downturn possible late 1985
A national forecast survey by the National Association of Business Economists indicates no recession in early 1985 but a downturn could arrive late in 1985 or early 1986. Analysts project 3 percent GNP growth, unemployment near 7.3 percent, CPI around 4.7 percent, higher prime rates to about 12.4 percent, and a federal deficit near $180 billion for the next two years.
MENTIONED IN THIS ARTICLE
Washington
National Association of Business Economists
Association
Ben E. Laden
Laden
T. Rowe Price Associates
Baltimore
Sion
University of Michigan
Survey Research Center
White House
Glickman Sets 55 MPH Hearings On Speed Limit
Washington AP A House subcommittee, led by Rep. Dan Glickman, will hold early next year hearings on lifting the rural 55 mph speed limit. The panel will study safety impacts while a National Academy of Sciences report leaves the decision to Congress. The report estimates 500 more traffic deaths yearly at 60 or 65 mph but notes time savings.
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Washington
House
Dan Glickman
D-Kan
National Academy of Sciences
Congress
Glickman
Transportation Research
Owen to Concentrate on Dole Campaign in 1986
Kansas Republican leader David C. Owen announced he will not seek re election as state party chairman and will focus on supporting U S Senator Bob Dole s 1986 reelection bid. Owen noted his retirement from the chairmanship aligns with his campaign work for Dole and that no future political office plans are set.
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Kansas. City
David C. Owen
Kansas
Republican Party
Owen
U.S
Bob Dole
Dole
U.S. Senate
GOP
Vern Chesboro
Chesboro
No Big Relief For Farmers Foreseen
Purdue economist William D. Dobson told the Agriculture Department outlook conference that no strong relief for farmers is likely in 1985. He noted potential aid from dollar declines or world supply shifts but doubted a large drop in real interest rates. Dobson described two possible paths for a 1985 farm bill, including small tweaks to loan rates and credits, with caution that a market oriented program may not materialize.
MENTIONED IN THIS ARTICLE
Washington
Purdue University
William D. Dobson
Purdue
Department of Agricultural Economics
Dobson
Agriculture Department
U.S. Agriculture
Congress
Administration
U.S
New Therapy Aids Baldness
A year long test of minoxidil shows 81 of 91 men and five women gained more scalp hairs with no hair loss, amid cautious optimism from Upjohn and Dr. Thomas Nigra. Nine subjects had allergic reactions. six showed no effect.
MENTIONED IN THIS ARTICLE
Washington (Ap
Thomas Nigra
Nigra
Upjohn Company
Upjohn
Jan Aufderheide
Kalamazoo
Mich
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