Inflation returns to double digits in July rise
Washington AP reports the July Consumer Price Index at 15.2 percent annualized, the highest since early 1980, driven by 1.2 percent monthly inflation from housing, food, transportation and medical care costs. Core gains include 2.1 percent home ownership, 0.9 percent groceries, and 0.8 percent overall food and beverage. Real spendable earnings fell 0.8 percent in July and 2.9 percent year over year.
MENTIONED IN THIS ARTICLE
Washington
Labor Department
Postal workers approve new contracts by wide margin
National Association of Letter Carriers reported 124,316 in favor to 20,856 against the tentative contract. American Postal Workers Union tally showed about 110,367 votes counted with expectations of reaching 150,000, as 186,500 ballots were tallied. The deals include a typical worker rise of 2100 dollars over three years plus unlimited cost of living increases.
MENTIONED IN THIS ARTICLE
Washington
Postal Service
National Association of Letter Carriers
Vincent Sombrotto
American Postal Workers Union
Moe Biller
Maryland
APWU
Letter Carriers Union
Reagan
Senate panel urges expulsion of Williams after Abscam case
The Senate ethics committee unanimously urged expulsion for Sen. Harrison A Williams Jr after Abscam tied bribery and conspiracy. The panel delayed action while Williams faces pending court motions and noted he may contest ouster, as cases loom over his 23rd year in the Senate.
MENTIONED IN THIS ARTICLE
Senate
Williams
Washington
Harrison A. Williams Jr
Abscam
New Jersey
Senate Select Committee On Ethics
Kenneth Feinberg
Robert Bennett
House
Michael Myers
D-Pa
Students rush banks for federally subsidized loans
Students flood banks to obtain federally subsidized college loans before a stricter needs test takes effect. The administration may need more money as the program, open to all since 1978, shifts to income screening for those with adjusted gross income above $30,000.
MENTIONED IN THIS ARTICLE
Washington
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Poodle
Bari Lynn
W. Norwood
Carbondale
Chunmea
Frei
Detter
Somme
St. Herrin
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Quality Mount Furnishings Stud
Helleny
Huffman Funeral Home
West
Oak Street
Pinckneyville
Edgar C. Carlisle
The
Mideast
Reenega
L. W. Hagel
Ethan Allen
Chapman
Rollo
East Murphysboro
First Federal
U.S
Federal Savings and Loan Insurance Corporation
Jway and Market
Walnut St
W. Broadway
Social Security
Flrst Federal Savings and Loan
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