Wallis argues against over government in free market
Economist W. Allen Wallis, chancellor of the University of Rochester and corporate director, criticizes big government as corrosive to freedom and prosperity. He says minority influence fuels growth, harms the market, and thwarts job creation, arguing education makes students more conservative.
MENTIONED IN THIS ARTICLE
John Cunniff
New York
W. Allen Wallis
Wallis
The
Free Press
Macmillan
University of Rochester
Eastman Kodak
Trans Union
Esmark
Bausch and Lomb
Metropolitan Life Insurance
Washington
Stock market slips as Dow dips amid rally collapse
New York markets eased as the Dow Jones average fell 1.87 to 990.41 at 2 p.m. on light volume. NYSE losers led gainers 4 to 3 while auto stocks mostly declined following a weaker than expected 9 percent rise in new car sales. General Motors, Ford, and Chrysler all fell on the session.
MENTIONED IN THIS ARTICLE
NEW York
General Motors
Ford Motor
Chrysler
Inflation gains ease as wage-price spiral cools
Labor Department data show slower wage growth and moderating price increases in the second quarter. Productivity rose 3.6 percent while hourly pay climbed 7.3 percent. economists call the deceleration significant though not yet complete. Conference Board ties and Teamsters settlements are noted amid ongoing bargaining and strikes.
MENTIONED IN THIS ARTICLE
Donald C. Bauder
Copley
Vane Department
John W. Kendrick
Department of Commerce
Washington
Kendrick
Labor Department
Miseanet
Teamsters
General Electric Co
George Washington University
Conference Board
New York
Dow Jones Averages and NYSE Prices Report
New York AP reports from 2 p.m. lists Dow Jones averages for 30 Industrials at 990.41 and 20 Trans at 223.30, with declines. It also shows late NYSE prices for many issues, including Amex, Alpha, Coca Cola, Exxon, Ford, General Electric, IBM, and others, with last prices, highs, lows, and percent changes. Agricultural and commodity quotes follow, including gold, silver, copper, wheat, corn, soybeans, and cattle prices, plus eggs, potatoes, plywood, cotton, and sugar.
MENTIONED IN THIS ARTICLE
New York
Dow Jones
Indus
Uul
New York Stock Exchange
AME Inc
Nve
Arizona
AlcanAlu
AllegCp
WY. Wit Ve AllgLud
AtlgPw
Alcoa
Airlin
AmCan
Acyan
Ampex Corp
Wwe
Ancrh
ApecoCorp
Armco
ArmsiCk
Wat Va Asarco
AsalOlt
Iwva— Va Asdorg
AdRich
Eo Alirch Wi
Atlas Corp
Avco Corp
Avnetinc
Beecha
Beker
Va BeliHow
Wla
Bendix
Benguet
Beth St
Borden
Ea BuddCo
Bank Ramo
Bsa Bse
Va Burtind
Va BuriNo
Burrgns
Cal Finani
Wa CastiCk
Chris Cratt
Ae Hat
Cnryster
Citicorp
ColgPal
CoiGas
Cowles
Craig
London
Maine
Club Med to Open North American Reservation Center in Scottsdale
Club Med Inc will lease 12 000 square feet in 35a Scottsdale Executive Office Park for a 10 year term with a five year option. About 60 local staff will run a 24 hour reservation center open by fall and fully operating next year. The all inclusive concept covers lodging meals and leisure activities. Palmer Clarkson credits Chris Wolford and McCormick Ranch location as key factors in Scottsdale selection.
MENTIONED IN THIS ARTICLE
Scottsdale
McCormick Ranch
Club Med Inc
Club Med
U.S
Club Mediterranee
S.A
Europe
Africa
Middle East
Central America
Palmer Clarkson
David Brice
Clarkson
Chris Wolford
Phoenix Chamber of Commerce
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Economist
UniTel Upjohn
Utahint
UPS and Downs
Dartind
Dayco
Dayipl
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DeiMon
DeitaAir
Dennys
DetEdis
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Prreppr
Bow
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duPont
Duke P
Buglt
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Eask
Exxon
FairCam
Fairind
FdFair
Formck
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Freepm
Gafcp
E— Ve GamSk
Ganett
GenEl
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Gtire
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GeoPac
GeorPac Wi
Gerber
Gillette
Gouidin
Grace
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Grumm
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GifWindwi
GulfOll
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Hercules
Houstp
HowJohn
Inacp
IdeaiBa
INCO
Ingerr
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Interiak
Itekk Corp
telCorpy
Jewelc
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I—T
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earSieg
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Pfizer
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Portge
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Puebloint
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Reycgol
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BradRam
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Syntex
Usfiltr
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Xonics Inc
Associated Press
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City Sewer & Water
96Th Street & Shea Yavapai Service Corporation