Business group questions anti inflation policy in report
The Committee for Economic Development criticizes Nixon Ford anti inflation measures. It urges reduced reliance on monetary policy and calls for policies to raise supply and investment while keeping unemployment under five percent. It argues for coordinated action among business labor Congress and the presidency.
MENTIONED IN THIS ARTICLE
John Caniff
New York
Committee For Economic Development
Nixon
Ford
Federal Reserve and Monetary
Labor Movement
Academe
Democrats
Congress
Federal Reserve
Fed
CED
Mixed Stock Prices Before Republican Convention
Wall Street saw narrowly mixed prices as traders awaited next week's Republican convention. The Dow Jones industrial average rose to 988.03 while transportation slid and utilities held steady amid light NYSE volume of 9.42 million shares. A June inventory surge of 3.32 billion fed cautious sentiment along with a Sony trade showing 100,000 shares at 95. The NYSE composite slipped to 55.62, and the AMEX market value index gained 0.6 to 103.68.
MENTIONED IN THIS ARTICLE
New York
Sony
NYSE
American Stock Exchange
Commodity Closings Roundup From Market Desk
London gold rises to 113.25 while IMM Sept gold advances to 113.40. Aug soybeans hit the upper price limit at 4.48 per bushel as Sept wheat climbs to 3.26 and Sept corn to 2.80. Aug live cattle and hogs gain as pork bellies and cotton move, with eggs and Maine potatoes slipping slightly.
MENTIONED IN THIS ARTICLE
London
Maine
Maine Potatoes, $7.54, Down 27c Cwt. Sept. Plywood, $151.70, Down Wethous, Sq
Weather-savvy scheduler keeps SRP power flowing
Helen Erickson, SRP power scheduler, predicts daily demand for 250,000 customers. Her weather-based forecasts guide use of hydroelectric and coal plants first, with natural gas and oil as needed, plus government and other utilities. Daily plans help dispatchers keep supply steady and costs down.
MENTIONED IN THIS ARTICLE
Helen Erickson
Salt River Project Electric
SRP
Erickson
Guaranteed annual income wont make workers quit
In Seattle a federal pilot study found no strong evidence that a guaranteed annual income prompts employed people to quit. About 2,100 welfare and low income families receive annual payments amid a 20 million dollar study, with data still incomplete. Officials note little evidence of labor market withdrawal but possible hours reduction and improved child schooling outcomes.
MENTIONED IN THIS ARTICLE
Seattle
Seattle-area
Joe Bell
Bell
State Department of Social and Health Sevices
Larry Orr
Department of Health, Education and Welfare
Office of
Washington, D.C
New Jersey
Iowa
North Carolina
Orr
Denver
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