New York City default fears draw federal action talk
Washington officials and New York City officials debated federal roles as New York faced a looming fiscal crisis. Secretary Simon signaled possible post-default action, while Treasury and White House aides weighed bankruptcy law options and revenue sharing shifts to cushion investors nationwide.
MENTIONED IN THIS ARTICLE
Washington
Simon
New York
Ron Nessen
Ford Administration
Nessen
White House
Ater
Treasury Department
New York City
Benjamin S. Rosenthal
D-N-Y
Commerce, Consumer and Monetary
Executive Branch
Rosenthal
Empire Savings becomes Allstate Savings with 35 offices
Our family grows as Empire Savings merges into Allstate Savings. We now run 35 offices statewide from Chico to San Diego offering highest lawful interest, federal insurance up to $40,000 per account, and free services. Allstate Savings is a member of the Swars family.
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Empire Savings
Allstate Savings
Chico
San Diego
Alletare Savings
Swars
Aid surge urged to lift billions in poverty
Bangladesh finance minister A B Mallick urged a massive increase in aid from wealthy nations to combat poverty and starvation among 77 million Bangladeshis and other developing countries. He called for tripling aid to 1 percent of GNP by 1980, noting current aid runs about 0.34 percent and totals around $12.2 billion.
MENTIONED IN THIS ARTICLE
Washington
Bangladesh
A.B. Mallick
International Monetary’ Fund
World Bank
Germany
Japan
IMF
Jamaica
Mallick
United Nations
Ford to drop standard items on 1978 Ford autos
Dearborn Michigan AP Ford Motor is removing up to 300 in standard equipment from 1978 cars to curb price increases. Features like tinted glass bucket seats and vinyl tops will become extra options, with some equipment downgraded. GM is raising prices about 208 on average as the industry contends with a deep slump.
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Dearborn
Mich
Ford Motor Lait
Pasvagie Ford
General Motors Corp
Ford
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