Dollar climbs vs major currencies as markets await U.S. data
The dollar rose against most majors with gains seen in Tokyo and London. Gold prices slipped while yen and other European rates moved modestly. GM recalls 1981 models for suspension nut issue. Allied Corp agrees to sell two Canadian affiliates for 392 million dollars in Canadian funds.
MENTIONED IN THIS ARTICLE
London
Tokyo
U.S
Zurich
Hong Kong
New York
Commodity Exchange Inc
Allied
Norman Harrington
Formate Information Services
Reagan creates housing commission amid banker protest
President Reagan forms a 22 member housing commission to study financing costs construction and the role of government in housing. William F McKenna will chair with Carla Hills as vice chairwoman MBA protests lack of mortgage bank representation noting banks fund about 24 percent of home loans including roughly 80 percent of FHA and VA loans.
MENTIONED IN THIS ARTICLE
Washington
Reagan
William F. McKenna
Los Angeles
HUD
Carla Hills
Department
Mortgage Bankers Association of America
Mutual Savings
MBA
Thomas
Tl. Shealy
Federal Housing Administration
Veterans Administration
Tax bill delay may lower interest rates in late 1980s
Treasury borrowing needs shrink as tax cuts move from June to October. With revenues preserved, the government can borrow less, easing bond and money market pressure. However, if deficits reappear in October, rates could rise again.
MENTIONED IN THIS ARTICLE
Peter S. Nagan
Newhouse
Washington
Capitol Hill
Treasury
Federal Reserve
Federal Funds
Reagan
Democrats Back 1984 Corporate Tax Cuts By 20 14
The House Ways and Means Committee approved a plan to cut corporate tax rates starting in 1984 and allow first year write-offs for investments in equipment and vehicles. The proposal lowers the rate from 46 percent to 43 percent in 1984 and to 34 percent by 1987, with broader write-off allowances. Reagan’s administration criticized it as incomplete while noting its emphasis on job-creating investments. Senate plans likely mirror Reagan's broader tax relief goals.
MENTIONED IN THIS ARTICLE
Edward Cowan
New York Times
Washington
Reagan
House
Ways and Means
Aides
Treasury
Donald T. Regan
Regan
Senate
Senate Finance Committee
Campaign Launch Aims to Finish $3 Million Syracuse Drive
Investments totaling over $1 million from city and county firms fuel a campaign to complete financing for a four year program to boost the local economy and jobs. Carrier Corp led with $400,000 announced at the Greater Syracuse Chamber breakfast kickoff.
MENTIONED IN THIS ARTICLE
Carrier Corp
Greater Syracuse Chamber of Commerce
Melvin C. Holm
Robert F. Allen
United Technologies Corp
Leonard P. Markert Jr
Edward Joy Co
Syracuse
Onondaga County
Markert
Markett
David B. Weatherup
Central Fence Co
Samuel W. Williams
O'Brien & Gere Engineers
Credit plan for young farmers pushed
Washington AP. Farm Belt lawmakers press a government backed credit program to help young farmers purchase land. The plan would offer federal loan guarantees via state programs, targeting first time buyers who lack other financing. Officials warn some may struggle to cover mortgage and living costs.
MENTIONED IN THIS ARTICLE
Bob Fick Washington
Byron Dorgan
D-N.d
Thomas Petri
R-Wis
Berkley Bedell
Dtowa
House Agriculture
Farmers Home Administration
Frank Naylor
Hassebacher
Naylor
Beware of the home improvement swindler column
Homeowners face a surge of remodeling scams as costs rise. The piece outlines common gypster tricks like free chimney inspections with fake “chimney mice,” resurfaced driveway bait and switch, roof shingle scares, and guaranteed siding that never needs repainting. It warns readers to use caution and teases tomorrow's column for defense tips.
MENTIONED IN THIS ARTICLE
Lnmorrow
Also Mentioned on This Page
Detroit
General Motors Corp
Harold Jackson
Bankers Hit
Commission ON Housing
Ways & Means
Edwin Alvarez
General Electric
North Bergen
N.J
Retary of Agriculture
Fmha
al Haslebacher
Farm Credit Administration
By Sylvia Porter
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