Economic Front From Page On Housing And Rates
The report outlines housing construction falling under higher mortgage sales and vacancies, with tax changes dampening real estate investment. unemployment slipped to 5.9 percent in September but may rise as growth slows. Inflation rose 4.8 percent through September, while energy fears eased. The Fed eased credit to stabilize banks, likely lowering rates including mortgages in coming months. The budget deficit fell 33 percent to 148 billion but may rise to about 170 billion this year. The trade deficit shows little year‑to‑year improvement, though the GNP measure suggests steady gains ahead.
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House Moves On Own Budget Plan
The House pushes ahead with a Democratic deficit-reduction package centered on a 12 billion tax increase aimed at corporations and upper-income individuals. It includes non-tax provisions and seeks a 23 billion dollar deficit cut for the year, while negotiations with the Reagan administration continue.
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Many Thanks From Olathe Hospital Stay
A note of gratitude from Orville Jones thanks friends and relatives for cards, calls, flowers, and visits during his stay at Olathe Medical Center and after returning home. Special thanks to Reva Turner Genevieve Arb Aunt Anna Snankie Martin Howard Newkirk and Phil Steenrod.
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Genevieve Arb
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Snankie and
Martin
Howard Newkirk
Phil Steenrod
Orville Jones
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