Carey to back 10 percent mortgages
Albany lawmakers edge toward a bill to raise the mortgage interest cap to 16 percent, replacing the fixed 8.5 percent with a floating ceiling. Gov Carey signaled he would approve the measure if enacted, as legislators weigh market effects and lender assurances ahead of April 30 expiry.
MENTIONED IN THIS ARTICLE
Kenn Peters
Albany Bureau
Albany
Martin 5. Auer
Syracuse
Assemblyman
H. Miller
Fayetteville
Hugh L. Carey
Savings Bank Association
State Banking Department
Banks
Senate
New York
Auer
West Virginia
United States
Miller
R-119th Dist
New York State
Banking Department
Blood donors to get tax break plan approved
The New York State Senate approved a bill to offer a $25 personal income tax deduction for each pint of blood donated to approved agencies. Sen. Tarky Lombardi Sr. of Syracuse co sponsored the measure, which seeks to curb cash sales of blood and would take effect September 1 if signed into law.
MENTIONED IN THIS ARTICLE
Albany
State Senate
Tarky Lombardi Sr
Syracuse
Lombardi
State Health Department
Senate Health Committee
Sen
Tarky Lombardi Jr
Carter energy plan to boost tax relief for poor families
President Carter plans to add a substantial federal income tax credit to the existing 35 dollar credit, aiming to shield lower income families from the plan's impact. Estimates suggest about 30 dollars per taxpayer, with the program raising the minimum credit toward a possible 180 dollar ceiling.
MENTIONED IN THIS ARTICLE
Mike Shanahan
Washington
Carter
Congress
James R. Schlesinger
Schlesinger
Afl-Cio Building Trades Department
Capitol Hill
Fire destroys South Clinton Street apartment. girl injured
A portable heater ignited a blanket in a four family building at 1015 S Clinton St. Lisa Godbold, 7, sustained second and third degree burns to her left leg and was taken to State University Hospital in good condition. Deputy Chief Reeves credited a smoke detector for alerting eight occupants. Red Cross aided remaining residents after 30 firefighters fought the blaze for about an hour causing heavy smoke and damage to the rear second floor.
MENTIONED IN THIS ARTICLE
Clinton Street
Paul Reeves
George Godbold
Lisa Godbold
S. Clinton St
Tony Nigra
Nigra
Godbold
State University Hospital
American Red Cross
Economy rebounds with 5.2 percent first quarter GNP rise
Washington data show gross national product, adjusted for inflation, at 1.297 trillion dollars in Q1, up 5.2 percent and the strongest growth in a year. Inflation is reported at 5.8 percent despite a wholesale price surge, with the 1977 first quarter rebound the best since 1976.
MENTIONED IN THIS ARTICLE
Washington
UPI
Commerce Department
Bilandic thanks Daley family after Chicago primary victory
Michael Bilandic, 54, rising from city politics under the late Mayor Richard Daley, won the Democratic nomination for the unexpired two years of Daley’s sixth term. He defeated five rivals while Alderman Dennis Black won the Republican nod amid a largely academic contest.
MENTIONED IN THIS ARTICLE
Chicago
Michael Bilandic
Richard Daley
Daley
Bilandic
Dennis Black
James Thompson
Roman Pucinski
Harold Washington
Edward Hanrahan
Cook County
Anton Cermak
William McHale Thompson
Black
Warm tonight and weekend showers forecast from Hancock
Weather observers at Hancock Airport report a warm night with a 4 percent chance of showers and thunderstorms. Thursday will reach about 80 with a 30 percent rain probability, followed by a weekend outlook of showers and cooler highs around 70 and lows near 50.
MENTIONED IN THIS ARTICLE
Hancock Airport
New York Celebrates 200th Birthday of State Constitution
Albany marks the 200th anniversary of the Kingston meeting that adopted New York’s constitution. Ceremonies in Kingston and Albany feature fireworks a marching band and a weekend of events highlighting how the Revolution shaped the Empire State.
MENTIONED IN THIS ARTICLE
Albany
Kingston
New York
Empire State
Empire State Plaza
Supreme Court overturns motto rule on license plates
The Supreme Court, 7 to 2, ruled states cannot force display of ideologies on license plates or private property. Chief Justice Burger led the majority, with dissent by Rehnquist and Blackmun. The decision favored George and Maxine Maynard of Claremont, New Hampshire, who covered the motto Live Free or Die to protest it.
MENTIONED IN THIS ARTICLE
Richard Carelli
Washington
Supreme Court
New Hampshire
Warren E. Burger
William H. Rehnquist
Harry A. Blackmun
George
Maxine Maynard
Claremont
N.H
Motic
Maynards
Also Mentioned on This Page
Chiefs
Benjamin Temple
Syracuse Chiefs
MacArthur Stadium
Carey
Pennsylvania
U.S. Army Field Band
War Memorial
Syracuse Herald-Journal
Clinton Square
Syracuse N.Y
Herald-Journal
Diane Doria
Daleys
Casimar C. Laskowski
Michael A. Bilandic
Sylvia Porte
Wilson Eats Todans Pictures
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