Congress Tax Bill Labeled Key to Inflation Arrest
New York report credits Congress for passing a tax spending package aimed at curbing inflation. It notes expected slower growth, fewer federal deficits, and improved balance of payments amid higher taxes and reduced spending. Argus predicts a lower GNP growth and a continued profit squeeze into late 1968.
MENTIONED IN THIS ARTICLE
New York
Congress
U.S
Argus Research Corporation
Argus
Treasury
European promotion push by New York and other states
Trade promotion efforts across Europe by New York Illinois Ohio and California aim to attract plant investments and boost exports. Rockefeller's Brussels office helped New York exports rise to 77 million annually, while Illinois reports 2.7 billion in foreign sales and ongoing state-to-state coordination.
MENTIONED IN THIS ARTICLE
Brussels
Europe
New York
Illinois
Ohio
California
Virginia
New Orleans
Oakland
Seattle
Baltimore
Philadelphia
Norfolk
Hanover
Milan
Ofurope
J. Stephen Stanton
New York State
Arthur A. Compton
Antwerp
Nelson A. Rockefeller
Stanton
Hollis Wyman
Peter Ueber
France
Albany
State Capitol
Richard Conviser
Vereinigte Aluminium Werke
Bonn
Ellenville
N.Y
Tax bill may slow economy but ease in policy could help
Economists foresee lower GNP growth and higher unemployment next winter if the tax bill passes. With potential Fed easing, forecasts discuss job rises to 4.5 percent, slower inflation, and steadier money markets. Rail and utility sectors gain from rate changes amid broader economic and housing actions.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve Board
Treasury
New York Times Weekly Index Rises to 338.72
The New York Times Weekly Index of business activity climbed to 338.72 last week from 330 the prior week, with the year-ago reading at 319.3. The accompanying table lists the index and its components, all seasonally adjusted for long term trends.
MENTIONED IN THIS ARTICLE
New York
New York Times
Power unions form national electric reliability council
Monongahela Power and 11 regional utilities join the National Electric Reliability Council ECAR to coordinate planning and operations coast to coast. The program aims to boost bulk power reliability with a highly interconnected national grid and broad utility representation.
MENTIONED IN THIS ARTICLE
Monongahela Power Co
National Electric Reliability Council
NERC
McVay
Monongahela
Allegheny Power System
East Central Area Reliability
ECAR
United States
National Council For
Also Mentioned on This Page
Thomas E. Mullaney
Prospectus
Reir
Rie
TY Finance
By Andrew G. Fusco
Fusco
Clyde H. Farnsworth
New York Times Business and Financial News
By Clyde H. Farnsworth
House
Wall Street
Interstate Commerce Commission
Midwest
Commerce Department
Johnson
Britain
Senate Banking Committee
National Association of Securities Dealers
Times Inden
Bank
Farmers' & Merchants’ Bank
Morgantown, West Virginia
Prember Federal Deposit Insurance Corporation
F.gm
the Dominion Post
Worchester
Mass
Vlon Power
C. G. McVay
Monongahela Power
Electric Power Industry
Ames
Iowa
UPI
Pennsylvania
Iowa State University
ISU
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