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Newspaper
Southern Illinoisan
Location
Carbondale, Illinois, United States of America
Date
May 28, 1985
Page
6
A Dan's 5000 survey of 1983 and 1985 shows firms adopting personal computer work stations rising nearly sixfold, about twice the expected increase. The sample covers a representative cross section of U.S. businesses nationwide.
Dun and Bradstreet Corp research of 884 workers finds job satisfaction rises with independence and authority, more for men than women, except ages 30 to 44 where income helps but overwork harms. Study prepared for AAAS meeting. director Jeylan Mortimer of Minnesota presented.
New orders for American made machine tools dropped 34.3 percent from March and 27.5 percent from April 1984, with analysts citing foreign competition and a strong dollar. James A. Gray of the National Machine Tool Builders Association noted March’s end of quarter surge did not repeat in April. Net orders were $183.5 million, with backlogs at $1.88 billion.
A congressional study said China could become a huge trade market for the United States if its energy industry develops. Reagan policies may hinder tech transfers needed for growth. The report from the House Energy and Commerce subcommittee notes China's onshore and offshore oil reserves could reach 120 billion barrels, potentially surpassing Saudi Arabia.
Edwin J. Gray, chair of the Federal Home Loan Bank Board, warned of another special premium equal to 132 percent of assets per quarter to shore up the FSLIC. After a $250 million inflow in Q1, the fund shrank for the first time since 1964, and officials expect a second-quarter assessment. Congress action in Sept or Oct is unlikely.
Massachusetts faces a deposit insurance scramble as 36 mutual savings banks seek FDIC coverage while the Federal Home Loan Bank of Boston assists 100 cooperative banks in applying for insurance from the Federal Savings and Loan Insurance Corp. The Bay State holds the two largest private deposit insurance funds in the nation with about 16.8 billion in assets.
Hyponex Corp builds a nationwide distribution network for organic lawn and garden products, serving over 28,000 retailers with 21 plants near top markets. The Fort Wayne firm became exclusive earth products supplier to over 1,000 KMart stores, prompting cost shifts for regional competitors and intensified price competition across the industry.
Jim Rea and Iswaldo Ballesteros are honored by Quality of Life Services with the first Quality Service Awards for outstanding health care involvement in Southern Illinois. The June 22 dinner in Murphysboro will mark the annual presentation. nominations are sought through QLS Carbondale.
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