Unchecked statistics can mislead in modern economy
AP analyst cautions that seasonally adjusted and raw unemployment figures diverge, urging scrutiny of data methods. He notes revisions, index flaws, and the Leading Indicators misfiring in 1970s, warning that reliance on numbers can misguide policy, investment, and politics.
MENTIONED IN THIS ARTICLE
John Cunniff
New York
America
Federal Reserve Bulletin
Fed
United States
Pierre Reinfret
Reinfret
Health care seminar set by ARMP on Sept 10
A health care seminar sponsored by the Arizona Regional Medical Program will be held September 10 at Mountain Shadows Resort from 2 to 9 30 p m. It addresses the federal law replacing ARMP with new agencies and how they will meet state needs. Speakers include Dr Annie Waneka and Dr Anthony Curreri. Registration is free and due by Sept 1 at the Tucson office 608 N Jefferson Ave.
MENTIONED IN THIS ARTICLE
Mountain Shadows Resort
Arizona Regional Medical Program
ARMP
Annie Waneka
Navajo Tribal Council
Anthony Curreri
Uniformed Services University of Health Sciences
Bethesda
Tucson
N. Jefferson Ave
New York Stock Exchange Quotations Mixed Amid Gains and Losses
The AP reported mixed 2 p.m. quotations across NYSE listings with substantial activity in AbbtLab AetnaLt AlcanAlu and other major names. Prices showed gains for some sectors while others fell, reflecting varied investor sentiment and market liquidity.
MENTIONED IN THIS ARTICLE
New York
American Stock Exchange
ActonCp
Aegis ‘Corp
AmPetrof
Alamera
Certron Cp
Dixilyn
EssexCh
Falcons
FlyDia
Frontier
Air GiantYel
Siete Man
Goldfield Cp
a.GiBasin Pal
Ata HowOll M
ImpOlla A
Wade
Instrum Sys
Jamswy
Consumers gain purchasing power despite slower retail
Personal income rose at a 1 percent annual rate to 1.38 trillion in July, boosted by a 4.6 billion one-time Social Security payout and other transfer payments. Wages increased 8.1 billion, while farm income fell 4.6 percent to 41.9 billion, yet real disposable income stays rising. Economists see ongoing strength in after-inflation income supporting consumer spending.
MENTIONED IN THIS ARTICLE
Donald C. Bauder
Copley
Commerce Department
GM to Raise 1977 Car Prices By About $269
General Motors announces an average $269 hike in suggested retail prices for 1977 models, with wholesale prices up about $216 and base-car increases at 5.8 percent. Option prices rise about 6.2 percent. Murphy cites steel aluminum copper and plastics costs and ongoing union talks as factors.
MENTIONED IN THIS ARTICLE
Detroit
General Motors Corp
Thomas Murphy
Murphy
Ford
Chrysler
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