Defense contractors lobby funding raise questions in report
A Council on Economic Priorities study reports eight top defense firms spent over 2 million on campaign contributions from 1976 to 1980 while charging 15.8 million to the Defense Department for lobbying as general expenses. The report notes FOIA-gleaned audits questioned a portion of these costs and details transfers between DoD, NASA, and the firms including Rockwell and Grumman.
MENTIONED IN THIS ARTICLE
Philip Taubman
New York Times
Washington
Council On Economic Priorities
New York
Appropriations
Congress
Federal Election Commission
Boeing Co
General Dynamics Corp
Grumman Corp
Lockheed Corp
McDonnell Douglas Corp
Northrop Corp
Rockwell International Corp
United Technologies Corp
Defense Department
National Aeronautics and Space Administration
Gordon Adams
The
Council
Pentagon
Institute For World Order
Philip Lilienthal
Stewart Mott
New York Community Trust
Samuel Rubin Foundation
Boeing
General Dynamics
Grumman
Lockheed
Rockwell International
Rockwell
Collins Radio
Defense
Jerome M. Syverson
Adams
NASA
Northrop
Chemical Bank cuts prime rate to 19 percent
Chemical Bank lowered its prime rate by one point to 19 percent, the seventh largest in the nation, prompting a stock market rise and a weaker dollar in foreign exchange. Analysts caution that Fed policy creates uncertainty about sustained rate declines, with Marine Midland also cutting to 19¾ percent as the only other major bank below 20.
MENTIONED IN THIS ARTICLE
New York Times
New York
Chemical Bank
United States
Chemical
Federal Reserve
Fed
Irwin L. Kellner
Hanover Trust Co
C.W. Carson
Marine Midland Bank
Carson
Air traffic controllers threaten June 22 strike over pay
Washington AP reports government and airline officials estimate at least half of U S commercial flights, especially under 500 miles, could halt if a strike occurs. Controllers seek a 10000 dollar yearly raise and shorter work week. Talks with FAA ended April 28. PATCO president Poli warns unsafe flying. FAA disputes safety impact.
MENTIONED IN THIS ARTICLE
Washington
Federal Aviation Administration
FAA
Mediators
Robert Poli
PATCO
Auto sales still sluggish in early June
Domestic automakers sold 174,635 cars June 1-10, up 10.5 percent from a year earlier due to an extra selling day. Chrysler led with a 30 percent jump to 19,684, while General Motors rose 15.2 percent to 108,082. Ford edged up despite a lower rate, and Volkswagen fell 26.9 percent to 2,886. AMC up about 9.3 percent to 3,600. analyst notes weak demand amid high interest rates and used-car price declines.
MENTIONED IN THIS ARTICLE
Detroit
U.S
Chrysler Corp
General Motors Corp
Ford Motor Co
Ford
Volkswagen of America
American Motors Corp
AMC
Arvid Jouppi
John Muir & Co
Jouppi
Postal labor talks risk higher letter rates
The Postal Service and two unions plan new labor contracts covering about 600,000 workers. With nearly seven-eighths of costs for labor, wage gains could push up mail rates. Average pay has risen from 7913 to 19915 annually over a decade, with 5122 more per worker this contract period. Both sides expect no strike despite safety concerns raised by unions.
MENTIONED IN THIS ARTICLE
Washington
Postal Service
American Postal Workers Union
National Association of Letter Carriers
Ities
Moe Biller
The
American Workers Union
Also Mentioned on This Page
Spieth Mobile Studio
Carterville
Herrin
Murdale Shopping Center
Levace
Banguet
Ixsi
Te Ett
Fey
Ourkee Olives
Heinz Tomat Catsuf
Met
Baft K. ‘Wars Thallows Ase
Ofeo
Pillsbury
Vlasic Hamburger
BoLtincer Farms
Gralea Chicken Fryers
SPC
ZESTA
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