Prime banks lift prime rate to 21 percent record
Major banks raise the prime lending rate to 21 percent, the highest on record, with Morgan Guaranty Trust leading the move and others including Manufacturers Hanover, Chemical Bank, and First National Bank of Chicago quick to follow. Experts warn the rise could deepen recession fears as housing and autos slow and retail sales slump.
MENTIONED IN THIS ARTICLE
New York
Morgan Guaranty Trust Co
Manufacturers Hanover Trust Co
Chemical Bank
First National Bank of Chicago
Lloyd Johnson
Security Pacific National Bank
Los Angeles
Gentry to Leave SIU for Seton Hall Financial Post
Robert Gentry, SIUC vice president for financial affairs since 1976, will become chief fiscal officer at Seton Hall University in South Orange, N J. He starts February 1 and will oversee budget preparation disbursements accounting procedures and computer services for the private university with about 10 500 students offering undergraduate graduate doctoral and law programs.
MENTIONED IN THIS ARTICLE
Robert Gentry
Southern Illinois University-Carbondale
New Jersey
Gentry
Seton Hall University
South Orange
N.J
SIUC
Seton Hall
Miner fatally run over by bulldozer at Illinois coal mine
Willard Wright of Scheller was killed at the Freeman United Coal Co Orient No 3 mine near Waltonville when a bulldozer backed into him after a brief discussion among five vehicles. Mine safety officials say witnesses did not see the incident and the exact sequence remains unclear. Wright’s death marked the 11th coal mine fatality in Illinois in 1980.
MENTIONED IN THIS ARTICLE
Evan M. Davis
Southern Illinoisan
Willard Wright
Scheller
Freeman United Coal Co
Orient
Waltonville
Russell Spitzner
Department of Mines and Minerals
Wright
Spitzner
Illinois
Liquor Commission Suspends Bar for Over Occupancy
Carbondale Liquor Commission suspended Second Chance’s liquor license for Monday December 8 after a Sept. 13 inspection found 439 patrons inside an occupancy limit of 289. The bar’s usual closed Monday timing and lack of procedures prompted call for policy change. Two Feb. 2 hearings set for underage sales at Gatsbys and Sgt. T. J. McFly’s.
MENTIONED IN THIS ARTICLE
Tom Woolf
Carbondale Liquor Commission
Second Chance
Bruce Steppig
E. Main St
Steppig
Gatsby’s
Sgt. T.J. McFly
Census figures show Marion short by about 115 people
Marion mayor Robert Butler told the city council that preliminary census counts place Marion about 115 residents below the prior total while De Soto shows a gain. De Soto’s fastest figures list 13 885 people in 6 243 homes, with final results due later.
MENTIONED IN THIS ARTICLE
Marion
Robert Butler
de Soto
Butler
OPEC raises crude prices in $2 to $4 hike
OPEC announces base crude price increases from $30 to $32 for Saudi Arabia and $32 to $36 for other members with maximum crude at $41 a barrel. U S energy estimates gasoline and heating oil could rise about 4 to 5 cents per gallon. Iran and Iraq continue wartime conflict, while Suharto seeks a peaceful settlement.
MENTIONED IN THIS ARTICLE
Bali
Indonesia
Organization of Petroleum Exporting Countries
U.S. Energy Department
United States
Saudi Arabia
OPEC
Iran
Iraq
Ment
Suharto
Sheik Ahmed Zaki Yamani
Yamani
Venezue
Vienna
Congress approves stopgap funding bill amid late-night standoff
The 96th Congress approved a stopgap spending resolution to resume funding for major federal agencies after days of clashes with the House. The Senate cleared the bill 34-20 and sent it to President Carter for signature as the 97th Congress prepares to convene January 5.
MENTIONED IN THIS ARTICLE
Washington
House
Senate
97Th Congress
Congress
White House
Carter
Medicare processor in Illinois accused of contract breach
GAO findings allege Electronic Data Systems Federal Corp. hired unqualified hearing examiners to review disputed Medicare claims in Illinois. Nine examiners lack proper training with six no college degrees and three with only bachelor’s degrees. Hearing officers are key to reversing claim decisions for beneficiaries.
MENTIONED IN THIS ARTICLE
Chicago
Illinois
Paul Simon
D-Carbondale
Simon
Washington
General Accounting Office
Electronic Data Systems Federal Corp
Steve Hull
EDSF
Marion
Hull
GAO
the Tribune
Illinois students pick deer as state animal
Public school children across Illinois voted during Election Day and surrounding days for one of six furry candidates to be the official state animal. The winning white tailed deer will have its results sent to the General Assembly for approval.
MENTIONED IN THIS ARTICLE
Springfield
Illinois
General Assembly
Also Mentioned on This Page
Area News
SIU
Elizabeth Byrnes
Commission
Lmits
USPS
Carbondale
Ill
Herrin
Murphysboro
Sunda
Carbondale Free Press
Herrin Daily Journal
Murphysboro Independent
Aew
Yin
Lan
Humberto Calderon Berti
Petroleum Intelligence Weekly
Pete Domenici
R-N.m
Domenici
Erry Merchants of
Electrolux
Seciar
Call
Electrolux of
DeYoung
Phone
Bank
Ppank
Member
Federal Reserve System
FDIC
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