Corporate Profits Slip and GNP Fall Spark Recession Signals
Corporate profits dropped 2.4 percent in the second quarter, while Gross National Product slid 2.4 percent from April to June. Economists view the data as further evidence of a slowing economy and potential recession. President Carter seeks to accept more foreign spent nuclear fuel for storage in the United States to deter diversion for weapons, drawing domestic criticism. In Naples, one of a set of octuplets died 31 hours after birth, leaving six surviving in incubators across four hospitals. the deceased weighed 17.6 ounces.
MENTIONED IN THIS ARTICLE
Washington
Commerce Department
Carter
United States
India
Naples
Italy
SDN Column Spreads Different Views on Unionization and Politics
Ballinger Ledger’s Tom Roy rejects state employee unionization as nonsense and a path to bosses’ luxury. Andrews County News’ James Roberts imagines Texas secession after the 1980 census reshapes congressional power. Lamesa Press-Reporter’s Walter Buckel and Wacil McNair reflect on perception and aging.
MENTIONED IN THIS ARTICLE
Tom Roy
Ballinger Ledger
Bob Bullock
Roy
Texas Industrial Commission
James Roberts
Andrews County News
Texas
Carter
Mississippi
Dallas
Florida
Northeast
Congress
Roberts
Washington
Walter Buckel
The
Lamesa Press- Reporter
Wacil McNair
Economists See Recession Signs Rise in Rates Drag on Economy
Economists warn of recession as rates rise to 10.5 percent for bank lending, housing starts drop 7 percent, and total industrial output falls 0.1 percent. Auto production declines over 3 percent. The Fed braces for inflation risk while the Commerce Department prepares revised growth figures and corporate profits data for April to June.
MENTIONED IN THIS ARTICLE
Glenn Ritt
Associated Press
Washington (Ap
Federal Reserve Board
Commerce Department
Pioneer II Nears Saturn After Six Year Flight
Pioneer II launched in 1973 heads toward Saturn at 50,000 mph to study the rings and Titan, with a close pass within 360,000 miles. Scientists like John H. Wolfe weigh Titan's potential for life, while NASA instruments analyze rings and Saturnian environment.
MENTIONED IN THIS ARTICLE
Mountain View
Calif
Saturn
Earth
Titan
Solar System
John H. Wolfe
Pioneer II
Pioneer
National Aeronautics and Space Administration
Gallileo
Texas Electric rate increase history and new Ave R building
Texas Electric Service Co. sought about a 24 percent annual rate rise. The city granted 6.7 percent, appealed to the State Public Utility Commission, which approved roughly 13 percent. The new office building at 23rd and Ave R is being built by Mike Line Construction Co. and leased by TESCO.
MENTIONED IN THIS ARTICLE
Texas Electric
Avenue R
Texas Electric Service Co
TESCO
State Public Utility Commission
PUC
23Rd
Ave. R
Mike Line Construction Co
Carter Takes Campaign Down Mississippi River
President Carter begins a seven day river voyage aboard the Delta Queen from St Paul to St Louis to seek solitude and energy program publicity. The trip includes stops in Prairie du Chien Davenport Burlington and Hannibal with town meetings and a factory tour for energy conservation.
MENTIONED IN THIS ARTICLE
Washington
Carter
Mississippi River
St. Paul
Minn
Minnesota
Wisconsin
Iowa
Missouri
St. Louis
White House
Interior Department
Prairie du Chien
Wis
Davenport
Burlington
Hannibal
Weather Snyder Temperatures and West Texas Outlook
Readings show high 89 and low 68 with 69 at 7 am and no precipitation today. Through Saturday, west Texas stays partly cloudy with scattered showers and possible heavy storms southwest tonight. Highs near 80 in mountains and upper 90s in Big Bend, lows mid 50s to mid 70s across Panhandle to Big Bend. Total 1979 precipitation 15.72 inches.
MENTIONED IN THIS ARTICLE
Snyder
West Texas
Big Bend
Panhandle
Snyder High fills band director post with first woman leader
Snyder High School appointed its first woman band director, with Jack Gorman announcing the change. Clifford Franklin moves to high school as assistant band director, while Chrystal Franklin fills his junior high vacancy. Bill Bradley left the post to return to Big Spring. Mrs. Franklin, a 1975 West Texas State Univ graduate, joins a lineup including Sam Robertson, Bruce Kenner, and Clifford Franklin. In Austin, Governor Clements vetoes $191 million in state construction, costing Texas $62.4 million if approved again in 1981, LB Board and Speaker Bill Clayton note.
MENTIONED IN THIS ARTICLE
Franklin
Snyder
Clifford
Snyder High School
SHS
Sam Robertson
Chrystal
Bruce Kenner
Snyder School
Jack Gorman
Clifford Franklin
Bill Bradley
Big Spring
West Texas State University
Chrystal Franklin
Austin
Bill Clements
Texas
Legislative Budget Board
Bill Clayton
Also Mentioned on This Page
SDN
State Department of Highways and Public Transportation
Wolfe
NASA
Michael Sumichrast
Sumichrast
National Association of Home Builders
Home Builders’ Association
Colorado City
Arthur Jordan
Eddie Jordan
Jordan
Cogdell Memorial Hospital
Highway
College Cutoff
Slouudy
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