GM sales drop signals trouble for auto industry
General Motors reports a 13.6 percent decline in December 1-10 car sales, part of a 6.2 percent drop for domestic passenger cars across U.S. automakers. Analysts blame weak intermediate models and Ford’s new 1978 lineup, noting broader sector softness and GM’s outsized impact.
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U.S
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GAO urges broader federal control over coal tar hair dyes
The GAO says Congress should expand federal authority over coal tar hair dyes due to tests showing certain ingredients may cause cancer. FDA can only warn or evaluate, while current law exempts bans. About 33 million women use dyes, spending an estimated 250 million dollars yearly.
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Washington
General Accounting Offices
Congress
GAO
Food and Drug Administration
FDA
Industrial Output Up in November
The Federal Reserve reports industrial production rose 0.5 percent in November reflecting higher output across factories mines and utilities. October and September gains were 0.3 percent and 0.4 percent respectively. President Carter seeks a strong fourth quarter to help reduce the 6.9 percent unemployment rate.
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Federal Reserve
Carter
Teacher Keeps 100-Pound Cougar For Education Use
East Fieldkil New York AP A schoolteacher Arnold Webber may retain Misty, a 5 year old pet cougar, if he proves the animal serves an educational purpose and complies with state conditions. An agreement with state officials prevents confiscation while details are finalized.
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N.Y
Arnold Webber
Misty
Webber
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