Editorial Hunkering Down Signals Cautious Economy
Americans save about 6 percent of disposable income this year up from 4.7 percent, signaling concern over inflation. Higher savings reduce spending, dimming retail prospects, with autos and department stores slightly better yet overall retail share falls. economists foresee slower growth and persistent inflation into next year as the Conference Board notes GNP growth near 3.3 percent and inflation around 6.7 percent. Government focus centers on inflation over unemployment as a top issue.
MENTIONED IN THIS ARTICLE
Donald F. Graff
Conference Board
The
Economic Research Organization
Across the Board
Washington
Economists Fear Washington Misreads Inflation Trends
Economists warn that Washington fails to read inflation accurately, citing repeated surprises from the White House and the BLS as 11.4 percent consumer inflation prompts calls for restraint. Fed Chair Miller faces pressure to act independently to avert a recession, while administration options remain uncertain. A Paris liquor theft wasted over 179,999 pints of cognac worth more than $500,000 as thieves struck a dealer’s cellars.
MENTIONED IN THIS ARTICLE
John Cunniff
New York
Washington
Herbert Stein
Nixon
Carter
Congress
Federal Reserve
G. William Miller
Fed
Miller
Paris
This Day in History August Second, 1978
Highlights include 1914 German invasion of France Belgium and Luxembourg and Russia. 1610 Hudson Bay entry. 1934 Hitler becomes dictator. 1939 Einstein letter to Roosevelt on atomic program. 1959 Nixon in Warsaw. 1974 John Dean sentenced. 198? Kennedy assassin Sirhan Sirhan pleads innocent. Births include James Baldwin and Myrna Loy.
MENTIONED IN THIS ARTICLE
Associated Press
Germany
France
Belgium
Luxembourg
Russia
Henny Hudson
Hudson Bay
New York City
Art Street
13Th Street
Fifth Avenue
Adolf Hitler
Paul von Hindenburg
Albert Einstein
Franklin Roosevelt
United States
Richard Nixon
Warsaw
Poland
White House
John Dean
Washington
Robert Kennedy
Sirhan Sirhan
Los Angeles
CIA
Richard Helms
Senate Watergate Committee
Department of Energy
Congress
James Baldwin
Myrna Loy
Rural reappraisal in Kentucky reveals federal limits
In Manchester Kentucky eastern coal country trailer housing illustrates substandard living. White House aide Jack Watson tours troubled rural areas to highlight disconnects between HUD standards and rural needs. He cites nonreimbursed Frontier Nursing Service care and FHA loan barriers. He returns with a 30 to 40 item list of misconnects to fix rural development.
MENTIONED IN THIS ARTICLE
Manchester
NEA
Kentucky
Appalachia
Department of Housing and Urban Development
America
Jack Watson
White House
Watson
Carter
Frontier Nursing Service
Oneida
Kentucky Mountain Housing Development Corp
Farmers Home Administration
FHA
United States
Washington
HUD
State Health Department of
Mrs Carter charms Italian president in confidential dispatch
A State Department cable details Lillian Carter meeting Italian President Pertini at the Quirinale. The 80 year old mother of the American president is described as direct and engaging, lifting tensions and easing the relationship between the United States and Italy, with Pertini urging emphasis on hunger and hardship alleviation.
MENTIONED IN THIS ARTICLE
Washington
Peter Bourne
Andrew Young
Bert Lance
Billy
Jimmy Carter
State Department
Italy
Richard Gardner
Lillian Carter
Alessandro Pertini
Quirinale Palace
Pertini
Carter
Lillian
Gardner
Peace Corps
Supreme Court
House
Ben Rosenthal
D-N.y
Fortune Magazine
Subcommittee
Warner and Swasey Company
Aetna Life and Casualty
California
Aetna
IRS
Allied Chemical
New Jersey
N.J
General Accounting Office
Congressional Watchdog Agency
Jerome Kurtz
GAO
Also Mentioned on This Page
Ken Dulaney
Bureau of Labor Statistics
Tom Joad
Timber Ee
By Roger Bollen
NEA, Inc
Martha Angle and
Robert Walters
Jack Anderson
Merry
Spookie Adams
Pookie
This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!