Ford adviser critiques Carter Social Security plan
Former President Ford's economic adviser L William Seidman says Carter's Social Security package risks inflation by tapping general tax revenues and relying on corporate tax hikes. He warns it erodes the program's separate payroll deduction financing and could raise prices, hurting households. He also urges balanced funding and scaled benefits.
MENTIONED IN THIS ARTICLE
Carter
Gerald R. Ford
L. William Seidman
Secmann
van Pen
Seidman
Ford
NYSE At Noon Dow Falls As Major Averages Slip
The Dow Jones Industrial Average drops to 938.43, down 3.48 points, as the 30 Industrials, 2 Transports, 15 Utilities and 65 Stocks indices post declines in late trading. The AP reports list scattered gains and losses among many listed companies with mixed results.
MENTIONED IN THIS ARTICLE
New York
Dow Jones
Indus
Fed blamed for low U S productivity by Burns report
AP analysis notes absenteeism coffee breaks and social rituals hinder output and questions Federal Reserve Board chairman Arthur Burns and colleagues on innovation, ingenuity and the overall drive behind productivity gains.
MENTIONED IN THIS ARTICLE
New York
U.S
Arthur Burns
Burns
Hagts
Federal Reserve Board
Effects of finance and policy on small startups and productivity
The piece critiques how banks angel investors and venture capitalists often shy away from early stage funding for new ideas. It notes oligopoly high costs and bureaucratic overhead raise prices and hinder productivity. It cites Arthur Burns urging easier borrowing for young entrepreneurs to boost innovation.
MENTIONED IN THIS ARTICLE
Burns
Arthur Burns
Closing commodity prices from Madda Trading Co
London gold 146.80 up .55. May coffee 2.71 down .05. cocoa 1.92 down .22. sugar 10.9 up .20. June gold 147.20 up .40. May silver 4.71 down .28. May copper 63.9 down .03. July wheat 2.50 down .04. July corn 2.42 and fraction up. July soybeans 9.48 down .16. July soybean meal 255.90 down 6.10. July soybean oil 32.22 down .08. June live cattle 42.97 up .05. June hogs 44.00 down .32. July pork bellies 40.25 down .65. July cotton 9.20 up .0.
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Alcoa
AMBAC
Armmstik
Asatto
Ashi
BA BH
Asdorg
AdRich
AtlasCp
AveoCp
Babckw
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Batge
We BankAm
Bauschl
Ballry
Bosing
BnsiMy Wi
BucyEr
BunkRa
BuriNo
Cain
Disney
PacPw
PanAm
Penney
PaPwlt
PepsiCo
Hizer
Phila
PhilMor
PhilPe
PhillPet_ wi
Polaroid
PeichCh
Revion
Feynin
ReyMet
Robins
Pores
Royocol
Ryders
AIM
Sears
Shell Ni
Singer
Smitkin
SonyCp
Sparga
Br— Squad
Av— SiBrand
Stevens
TampEl
Tandy
Tandyett
Technicre
Texirom
Telecn
Telpemt
Telex
Tennco
London
Blue chip stocks drift in mixed session as Dow falls
Blue chip issues slipped slightly in a mixed market with the Dow down to 938.43 and 2 p.m. volume near 14.04 million shares. Exxon edged higher while oils were mixed and Solahart of Australia signs a 23 million contract to establish a U.S. distribution center in Phoenix for solar water heaters.
MENTIONED IN THIS ARTICLE
New York Stock Exchange
U.S
Phoenix
Solahart
Australia
Solahart Inc
Fraser J. Moodie
J Singer
E. University Drive
Cabot, Cabot and
Forbes
Solahart of
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Perit Corp
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Business Mirror
Madda Trading Company Inc
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