Iacocca on Ford Feud and His 1978 Fire Showdown
Lee Iacocca recounts a bitter power struggle with Henry Ford II at Ford Motor Company. He details wartime dynamics in the Glass House, the 1975 internal probe, and the dramatic 1978 boardroom showdown when Ford tried to force his resignation.
MENTIONED IN THIS ARTICLE
Lee Lacocca
William Novak
Henry Ford
Glass House
Henry
Boondocks
Ford Motor Company
Daddy
Henry Ford II
The
King Henry
Iacocca Motor Company
Edsel
Machiavelli
Paul Bergmoser
Bill Fugazy
New York
Fugazy
Lee Iacocca
Watergate
Theodore Souris
Michigan Supreme Court
Ford
U.S. Steel
Iacocca
Democrats Propose Needs Based Build Illinois Alternative
Democrats unveiled a modified Build Illinois plan to target roads water and building projects by need rather than politics. The proposal co authored by Chicago Democrat Rep Al Ronan and Melrose Park colleague Greg Zito would supplement Thompsons $2.3 billion program and prioritize state wide assessments while gaining bipartisan backing including support from Republican Sen Bob Kustra.
MENTIONED IN THIS ARTICLE
Chicago
Thompson
Illinois
al Ronan
Greg Zito
Melrose Park
Cook County
Chicago Area
Bob Kustra
Glenview
Trade study cites dollar overvaluation hits jobs
A congressional study by Data Resources Inc. says an overvalued dollar has cost nearly 2 million U.S. jobs, with manufacturing taking the brunt, and national output down about 4 percent. The report urges deficit reduction to boost competitiveness and notes exports are about 15 percent lower while imports are 15 percent higher than under a normal dollar. Senator Lloyd Bentsen calls the policy off track and the dollar devastating.
MENTIONED IN THIS ARTICLE
Washington
United States
Congressional Joint Economic Subcommittee On Economic Goals
U.S
Data Resources Inc
Lexington
Mass
Lloyd Bentsen
D-Texas
In Brief Market and Political Trade Notes
Rep. Dick Durbin criticizes President Reagan for not extending auto import restraints on Japan calling it unconditional surrender. He warns of car flooding and 44000 jobs loss. Other items report Ohio Home State Savings Bank seeking a buyer amid troubles. Coleco posts losses but sees toy strength. Dollar and gold move. stocks slip on rate fears.
MENTIONED IN THIS ARTICLE
Springfield
Dick Durbin
Reagan
Japan
Durbin
Congress
United States
U.S
Economists See Mild Growth Recession Ahead
Economists forecast a softer downturn next year with slower growth and lower interest rates. The dollar dropped 1.6 percent against ten industrial currencies as markets priced in a hybrid growth recession where GNP expands slowly and unemployment rises.
MENTIONED IN THIS ARTICLE
U.S
New York
Associated Press
Federal Reserve Board
GNP
Also Mentioned on This Page
Lacocca
East River
Bill
Cardinal Spellman
Pope Paul
Bantam Books
Keith Crain
Crain
Automotive News
Keith Craic
DuPage County
Quincy
Kustra
John B. Connally
American Natural Resources
Texas
Oscar S. Wyatt Jr
Coastal Corp
Connally
Springfield Democrat
Etcetera
Home State Savings
Home State Savings Bank
Ohio
Home State
ESM
Coleco
Pulaski
Quoizel
Downs& Son
Burlington _ Stanley
Ile
Thomasville
Lave Chesis
Nane
Laz-Boy
Blacksmith
Adams Equipment and Supply Co. Inc
Massey Ferguson
International
Adams Equipment & Supply Co. Inc
East DeYoung Street
Marion
Danny Adams
Marion Daily Republican
Southern Illinoisan
the Bank of Egypt
Herbert W. Hicks
Farm Bureau
Dick Perry
Carbondale
Farm Bureau Service Insurance and Investment Services
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