Fed chairman Volcker a focal point of global debate
A long profile on Paul Volcker, his role as Federal Reserve chair, and why his continued four year term is debated in Washington and international markets. It explains the Fed’s monetary policy, open market committee duties, inflation fight, and potential impact of reappointment.
MENTIONED IN THIS ARTICLE
Paul Volcker
Washington
Wall Street
Volcker
Federal Reserve Board
Federal Reserve
Fed
Federal Reserve System
New York
Atlanta
St. Louis
San Francisco
Federal Open Market Committee
Reagan
Jimmy Carter
U.S
Mexico
Brazil
Fico Products sells out offering to fund CATV plans
Fico Products Inc announced the sale of 750000 common shares in a, offering that cleared SEC requirements. Proceeds will boost working capital for a CATV addressable control system and satellite reception gear, with plant expansion planned near North Syracuse. Bear Stearns Rooney Pace led the underwriting at 21.625 dollars per share. Bethlehem Steel will idle 695 workers at its Lebanon Pennsylvania fastener plant starting June 20, with most operations suspended indefinitely. About 600 of 790 hourly workers face indefinite layoff along with 95 of 195 salaried employees due to noncompetitive costs and weak demand. ColEco Industries into home computer market could create up to 3800 jobs in Amsterdam New York, as six Fulton and Montgomery county plants may employ up to 4000 by year end. Local plants now employ about 1200, handling roughly 650 million of Coleco's planned 800 million sales in 1983.
MENTIONED IN THIS ARTICLE
Fico Products, Inc
Securities and Exchange Commission
Bernard K. Hitchcock
Pico
Syracuse
Bear,Stearns & Co
Rooney, Pace ,Inc
Bethlehem Steel Corp
Lebanon
Ted Baldwin
Balwin
Amsterdam
N.Y
Coleco Industries
New York
Coleco
Fulton
Montgomery
George V. Goudreault
New York State Department of Labor
Bank customer rate variations noted
The document notes that customer rates may vary from bank to bank and that the rates listed here are approximate values for reference.
Lower rates upturn spurs home building in Syracuse area
Syracuse area builders estimate 85 May starts in Onondaga County as nationwide housing climbs to 1.79 million units in May, a 34 year high. Observers cite lower mortgage rates, Sunny Mae plans, good weather, and strong demand from buyers as factors driving the boom, with little speculative building.
MENTIONED IN THIS ARTICLE
Joseph A. Porcello
Syracuse Area
U.S. Commerce Department
May
Commerce Department
Harold Masters
Home Builders Association of
Central New York
Onondaga County
Masters
Mort
Omes
Sunny Mae
State of New York Mortgage Agency
Sumichrast
Michael Cartiner
Chase Econometrics Analysis Firm
Amex to Buy 51-Story Battery Park City Tower
American Express plans to purchase the 51 story shell and core of a new World Financial Center skyscraper in Battery Park City for 350 to 400 million dollars with full completion and occupancy targeted by mid 1980s. The project will house 8,000 workers and 3,500 residents in Gateway Plaza, part of a 1968 planned 100 acre mixed use complex. Mayor Koch and Battery Park City initiator Samuel Lefrak attended dedications for Gateway Plaza amid praise from federal officials for private sector renewal.
MENTIONED IN THIS ARTICLE
New York
American Express Co
Battery Park City
Lower Manhattan
Edward Koch
White House
Samuel Lefrak
Gateway Plaza
Hudson River
American Express
Empire State Building
World Financial Center
World Trade Center
Koch
Sefraks
Reagan
Federal Secretary of Housing and Urban Development
Samuel B. Pierce Jr
Sefrak Organization
Pierce
Towering J and L furnaces toppled in Pittsburgh demolition
Two 1900 built Jones and Laughlin blast furnaces at Pittsburgh Works were toppled with linear charges. Retired worker Frank Gula recalled old memories as the tallest unit Ann fell into the mill. Demolition contractor Chuck Dermott noted the pieces would be remelted for new steel products.
MENTIONED IN THIS ARTICLE
Jones & Laughlin Steel Corp
Pittsburgh
Frank Gula
J&l
Parkway East
Monongahela River
Bill Gibbons
H. Douglas Pickering
Carnegie- Mellon University
Ann
Chuck Dermott
Central Demolition International
Dermott
Gibbons
Eric Stabenow
Pittsburgh Works
Roy Murray
United Steelworkers
Jones and Laughlin Steel Mill
Also Mentioned on This Page
Congress
Treasury
Bethlehem
Seattle
Harry Pryde
National Association of Home Builders
Michael Sumichrast
The
Builder Association
Uarliner
Thomas Harter
Mortgage Bankers Association
Texas
California
Florida
Nyc
L. Richard Oliker
Syracuse University
School of Management
John F Marsellus
Marsellus Casket Co
American General Life Insurance Co
Quiker
County Library Association
Citizens Foundation
Junior Achievement
Syracuse Research Corp
Lipe Railway
Marsellus
John D. Marsellus
John F. Marsellus
R.E. Dietz Co
Syracuse Supply Co
Marmac Industries
Glomac Plastics Inc
Jim McKay
Associated Press
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