New interest rate worries unsettle financial markets
The Associated Press reports a new wave of fear over high interest rates as stocks bonds and commodities fall. Citibank raised its prime rate to 16.5 percent and Regan questioned why rates stay high while inflation remains under 2 percent.
MENTIONED IN THIS ARTICLE
Associated Press
House
Washington
Treasury
Donald T. Regan
Citibank
Regan
American Stock Exchange
Congress
Northwest and union reach tentative end to strike
Northwest Airlines and the striking machinists union announce a tentative three year contract ending a 34 week strike. If ratified by IAM members, operations will resume and all striking and laid off employees rehired. Union leader Guy Cook expects ratification and voting to finish by midweek.
MENTIONED IN THIS ARTICLE
Minneapolis
Northwest Airlines
Northwest
Brent Bashfield
Bashfield
Guy Cook
IAM
Cook
Compromise talks begin on two houses budgets
Negotiators from the House and Senate start bargaining on a 1983 federal budget to resolve the deficit, tax increases, and spending cuts. The two plans set deficits of 115.9 billion and 99.3 billion respectively, with talks aimed at producing a compromise acceptable to both chambers and committees.
MENTIONED IN THIS ARTICLE
House
Federal Trade Commission
Washington
Senate
Senate Agriculture Committee
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Howard Baker
New
Rt. 13
West
Marion
S. Court
West Marion
Marion Fore-Mercury
Lennox
Your Jackson Co. Lennox
Murphysboro
GTE Phone Mart
Union - Marion
China
Bank of Carbondale
E. Main
Carbondale
University Mall
National Guardsmen
Red Cross
Harold Robinson
Walmart
Westmore Plaza
Marion, Illinois
Southern Illinoisan
Ee Commercial Credit A Control Data Company
N. University Ave
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