Inflation Decline Meets Rising Jobless Rates Signals
Washington economists note a shift in the inflation unemployment trade off as December data show wholesale prices up 0.3 percent and production down for the fifth straight month. Analysts foresee at least modest recovery by spring with unemployment hovering near 9 percent and possibly higher.
MENTIONED IN THIS ARTICLE
Washington
Usiow
Allen Sinai
Data Resources Int
Robert Urtner
Labor Department
Federal Reserve Board
Ortner
Commerce Department
Cross
Sinai
Nation remembers Martin Luther King Day across the US
The Associated Press reports thousands joined marches in Washington Chicago Atlanta Birmingham and New York to honor Rev. Martin Luther King Jr on his birthday. Reagan lauded King as a great leader Belafonte received the Non-violent Peace Prize at Ebenezer Church while crowds recalled his legacy amid cold and snow.
MENTIONED IN THIS ARTICLE
Ahve Abserphote
Harry Belafonte
Coretta Scott King
Martin Luther King Jr
Associated Press
Atlanta
Chicago
Washington
Reagan
King
Birmingham
New York City
St. Louis
Dred Scott
New York
Belafonte
San Bernardino
Calif
Washington Monument
Capitol
Stevie Wonder
Windy City
George Clements
Martin Luther King
Philadelphia
William Green
Guardian Civic League
Green
U.S. Supreme Court
Congress
North
South
C.T. Vivian
National Klan Watch
Memphis
Tenn
Harold Ford
Dr. King
FTC drops antitrust suit against big cereal makers
The FTC voted 3-1 to dismiss a decade-long antitrust case against Kellogg Co General Mills Inc and General Foods Corp the three largest cereal producers The suit charged a shared monopoly but Judge Alvin L Berman ruled no proof of monopoly existed Quaker Oats remains dropped with possibility of revival on appeal
MENTIONED IN THIS ARTICLE
FTC
Big 3 Cereal Makers
Washington
Federal Trade Commission
Kellogg Co
General Mills Inc
General Foods Corp
Fire Rips Hotel Near U S Embassy Manila
A fire believed caused by overheated air conditioners gutted a nine story hotel less than 100 yards from the U S Embassy in Manila. Guests leaped from upper floor windows using curtains and blankets while others climbed balconies to escape. A woman reportedly rode a balcony railing before rescue.
MENTIONED IN THIS ARTICLE
Manila
Philippines
U.S
Sudan denies reports Nimeiri was shot
Sudanese officials rejected Libyan claims that President Gaafar Nimeiri was shot and that unrest spread through Khartoum's army. A spokesman said the president is in good health and the capital is calm, denying any mutiny and calling the Libyan report malicious.
MENTIONED IN THIS ARTICLE
Cairo
Egypt
Gaafar Nimeiri
Salah Sabib
Associated Press
Khartoum
Libya
Jana News Agency
Nimeiri
Labib
Sudan
Muammar Khadafy
Sabib
Said Nimeiri
Africa
Khadafy
Chad
Train crash kills one in western Pennsylvania
Two B&LE freight trains collided head on near Claytonia Pennsylvania early today killing one trainman and injuring five crew members. About 30 cars derailed along with three locomotives as snow and remote terrain slowed rescue efforts. The southbound train carried 80 empty hopper cars while the northbound carried 104 coal cars. Authorities will conduct a full investigation with tracks likely closed through Monday.
MENTIONED IN THIS ARTICLE
Claytonia
UPI
Bessemer & Lake Hrie
Pennsylvania
Butler County
William Young
Penn Hills
Pittsburgh
Butler Clanty Memorial Hospital
Buter
B&le
Allegheny General Hospital
Albion
Erie County
Lewis Davis
Cardinal Cody leaves hospital after heart problem
Cardinal John Cody, hospitalized December 22 for a heart issue, was released to go home but remains in serious condition. The Archdiocese of Chicago announced Pope John Paul II granted Cody a special apostolic blessing, expressing spiritual closeness.
MENTIONED IN THIS ARTICLE
Chicago
John Cody
Cody
John Paul II
New York State PEF Tentative Contract Details Lag Payroll
Albany reports a three year pact between New York and the Public Employees Federation would allow a lag payroll delaying pay by one day every two weeks for up to ten periods if needed. Workers hired after April 1 gain ten sick days yearly, a 25 percent raise, and a first year layoff protection. total cost about 100 million annually. pending legislative approval.
MENTIONED IN THIS ARTICLE
Albany
New York
Public Employees Federation
PEF
Jonn Kraemer
Meyer Frucher
Also Mentioned on This Page
David
Chase Econometrics
Deseays Otribes
Nation
Organization of African Unity
Sabine
Beardsley Park
Bridgeport
Cardinal Cody
Pact
Herald-Journal
The
Herald Co
Syracuse
N.Y
New York State
Imo
St St
Sungay
Cran Tare
Iowa
Rath Blackhawk
B.C
Chicago Market
Pine Tree Farms
Ry Ae
Poz
Florida
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