Consumers Trim Debt at October Report Signals Caution
The Federal Reserve said U.S. consumer debt fell $324 million in October the first monthly drop in 10 years showing continued caution about the recession. economists noted no surge in spending despite a Nov rise in the Conference Board Consumer Confidence Index to 54.7.
MENTIONED IN THIS ARTICLE
Thomas Thomson
Crocker National Bank
San Francisco
Federal Reserve Board
Reagan
Conference Board
Thomson
Dollar firms against most currencies while gold steadies
The dollar rose vs most European currencies but fell against the British pound as Fed rate-cut hopes cooled. In Tokyo the dollar closed at 241.60 yen, down from 243.00. London saw sterling at 1.6365 dollars. Gold opened higher in London then fixed at 449.25 dollars, with Zurich and Hong Kong levels noted. US auto talks aimed to end a 14 week Chrysler strike in Toronto. KDT Industries narrowed to one King's location in Plattsburgh after closing others. American Brands agreed to acquire Pinkerton's for 165.5 million. Gleason Works to cut pay 10 percent for 1,800 Rochester workers. Deere posted a 78 percent drop in quarterly net income. Bombardier reported 2.6 million in its latest quarter.
MENTIONED IN THIS ARTICLE
U.S. Federal Reserve
Tokyo
Europe
London
Sterling
Milan
Zurich
Hong Kong
New York
Handy & Harman
Chrysler offer rejected in Canada US talks stall before Christmas
UAW President Fraser warned Chrysler would breed bitterness if an impasse lasts through the holidays after the company rejected a union contract proposal. Canada faces a 10 000 worker return deadline by Monday to avoid plant closures and holiday pay costs.
MENTIONED IN THIS ARTICLE
Highland Park
Mich
Chrysler Corp
United Auto Workers
UAW
Douglas A. Fraser
Chrysler
Fraser
Canada
U.S
Toronto
Robert White
White
Chrysler Canada Ltd
William Fisher
Lee Iacocca
Countries
Yonkers Pickets Target UTC Over Otis Plant Closure
Yonkers mayor and city officials plan to picket United Technologies headquarters in Hartford to pressure UTC over its Otis Elevator plant. Otis will lay off 375 workers in February after decades in Yonkers, while UTC seeks new tenants for the facility amid claims the site is outdated.
MENTIONED IN THIS ARTICLE
Hartford
UTC
Harford
Otis
Yonkers
Martinelli
U.S. Department of Housing and Urban Development
Getty Square
Peter Thompson
Allied Sells Unit to End Trust Suit
Allied Corp agreed to sell its Hi-Pure Chemicals unit to settle FTC antitrust charges. The action concerns Allied's 1981 purchase of Hi-Pure's parent Fisher Scientific, raising concerns over competition and concentration in high purity acids used in labs and the semiconductor industry. The company must complete the sale within 15 months after final order.
MENTIONED IN THIS ARTICLE
Washington
Allied Corp
Hi-Pure Chemicals Inc
Federal Trade Commission
FTC
Allied
Hi- Pure
Fisher Scientific Co
Pittsburgh
Hi-Pure
Nazareth
Morristown
N.J
King's cuts back kill, New Paltz, Ossining and
An item notes budget reductions affecting deaths or safety in New Paltz and Ossining with referencing by name and place. The shortened clippings suggest municipal actions or reactions to crime or public safety concerns in the region during an era.
Cobleskill bootblack to national stock picker Tom Putnam
Tom Putnam rose from Cobleskill apprentice bootblack to elite stock picker managing about $13 million. He coordinates Fenimore Asset Management with his father, focusing on small, profitable companies and avoiding market timing. Five year performance from 1976 to 1980 doubled a $100,000 account to $200,103.
MENTIONED IN THIS ARTICLE
Tom Putnam
Wall Street
North Grand Street
Cobleskill
Putnam's
Scoharie County
Tom
Robert
Fenimore Asset Management Inc
Bob Putnam
Wall Street Journal
Cableskill
Money Magazine
Upstate
Fenimore
Northeast
Robert Putnam
University of Rochester
Tulane
Corning Glass
Elizabethtown College
Pennsylvania
Father and Son
Fenimore Asset Management
Putnam
Your 1982 Form 1040 Changes Highlight New Deductions
The 1982 tax forms bring major revisions including a revamped medical deduction on Schedule A and redesigned itemized and income schedules. A new Form 1040EZ targets single filers with simple returns, while lines are renumbered and dividend and interest income reported separately. A notable addition is the new line 23 for the marriage penalty deduction for dual earners.
MENTIONED IN THIS ARTICLE
Army Tas
Prentice-Hall
Youll
New 1982 tax changes promise new savers and deductions
The 1982 tax changes introduce a 5 percent deduction for two earner couples up to 1500, expanded IRA deduction eligibility for workers, and new charitable deduction options for non itemizers. Line edits adjust itemized deduction reporting and tax computation with Schedule D changes. Advanced proofs released, guidance to save money on next year’s return. Tomorrow: Big tax break for the wealthy.
Also Mentioned on This Page
Joseph A. Porcelle
The
Associated Press
Chicago
Tnbune Chan
Chrysler Showdown
United States
King
KDT Industries
King’s Department
King’s
Plattsburgh
Carmel
Fishkill
New Paitz
Ossining
Troy
Pinkerton
American Brands Inc
Pinkerton’s Inc
Gleason Works
Rochester
Farmington
New Paltz
By Sylvia Porter
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