Holy War Eyed By African Junta Amid Corruption Crackdown
In Abidjan, Ghana’s new military rulers declare a holy war on corruption and freeze bank accounts of parliament members and corporate leaders. Ousted President Limann and wife, and Vice President De Graft and wife are named in the action following Rawlings’ coup.
MENTIONED IN THIS ARTICLE
Abidjan
Ivory Coast
Ghana
Radio Accra
Hilla Simian
Air Forve
Jerry J Rawlings
Kaforidua
Avera
Jaminin
Sulla Limann
William de Graft
Rawlings
Reaganomics and the 1981 Economic Outlook Amid Deficits
The year 1981 ended in recession with deficits projected to exceed 400 billion over three years. Inflation declined from double digits but high interest rates above 20 percent and mortgage rates over 18 percent crushed housing and auto industries. Unemployment rose to 8.4 percent, with more than 9 million out of work as experts doubted rapid recovery.
MENTIONED IN THIS ARTICLE
Reagan
Congress
White House
David A. Stockman
Federal Reserve Board
Fed
Millionaire laid off again after lottery win
Paul Smolak 31 from Creighton near Pittsburgh, who will receive 50 000 a year for 20 years from a Pennsylvania Lottery win, is job hunting despite wealth. He was laid off from beer delivery, spent months interviewing amid mixed reactions to his lottery status, and keeps seeking work in southwestern Pennsylvania as steel layoffs bite.
MENTIONED IN THIS ARTICLE
Pittsburgh
Paul Smolak
Smolak
Creighton
Pennsylvania
Washington, D.C
Stocks Open Year Higher Amid Broad Market Reversal Signs
Stock prices opened the new year mostly higher as the market tries to reverse its broad decline in 198. Auto, steel, retail, chemical and forest product stocks led gains while some drug and oil service issues slipped. The Dow Jones industrial average, which closed Thursday with...
MENTIONED IN THIS ARTICLE
New York
Wall Street Gains Narrow as 1981 Losses Spur Mixed Trades
The market shows a mixed session with a small gain on the NYSE while looming 1981 losses persist. Advancers hold a 7-5 edge over declines as Big Board volume reaches 15.51 million shares at noon EST, below Thursday’s 16.89 million. IBM leads active issues, rising 4 to 57.44, with Sears Roebuck to 16.54, Sony to 174.4, Kmarty to 16, and Xerox cutting copier prices by about 25 percent. The NYSE composite ticks up 0.02 to 71.13, while the AMEX market value index climbs 0.25 to 320.88.
MENTIONED IN THIS ARTICLE
NYSE
Sears Roebuck
Sony
Kmarty
International Business Machines
Xerox
American Stock Exchange
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Acera
Ottawa Public Works Department
Marais Des Cygnes River
Steven Hausler
Washington
Allied Corp
Allis Chaim
Alcoas
My Am Airlin
Wy AmBrand
Am Cyan
Wall Street
New York Stock Exchange
Kansas
Sir Wis
Locomee
Tile Family Circus
By Bil Keane
Peany
Supreme Court
CBS
CessnaAir
Chrysler
duPont
Eagle
Emerson el
Esmark Ss
Pac Vo Exxons
FMC
Firestone
FordMot
Ny GaDynam
En Gen Mills
Ty Gen Motors
Way GenTel&El
GaPacif
Gerber Pd
Goodrich
McDown
Goodyear
de Ny Grace Co
MidSouUt
Greyhound
Gulf Haliburth
Monsanto
Ny HerculesiInc
IBM
Norton Sim
Harv Var Okla
Oneok Paper
Koppers
Ny KrogerCo
RCA
Libby
RalstnPur
Ms Litton
Cees
Fai
Eve Wace
Beetle Bailey
Skeezix
Ninaf
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