Congress moves to shore up Social Security funds
Congress aims to act quickly to bolster the Social Security system and keep retirement benefits flowing, as trustees warn funds could run short by 1982 without interfund borrowing. An AARP official warns the outlook remains bleak, urging actions this year to borrow then inject general tax dollars to fix inflation and unemployment damage.
MENTIONED IN THIS ARTICLE
Washington
Congress
House
J.J. Pickle
Texas
Ways and Means Subcommittee On Social Security
Pickle
James M. Hacking
American Association of Retired Persons
Hacking
Gold Prices Edge Higher Amid Markets and Bank Deals
Gold prices rose in European markets with London fixed at 602.90 per ounce and silver at 15.75 in London. New York opened gold at 599.00 and silver at 15.40 with US banks cutting rates while Citibank trims its prime to 12 percent. United Bank of New York buys Sullivan County National Bank, joining Highland National Bank in a new Mid Hudson group. Norfolk & Western Railway plans furloughs exceeding 1,000 workers due to slow traffic. Chrysler loan plan advances slowly as lenders hold, with $500 million in government guaranteed notes under review. Ford asks suppliers to cut prices, warning of potential further losses amid automaker shakeout.
MENTIONED IN THIS ARTICLE
London
Zurich
New York
Handy & Harman
United Bank of New York
Sullivan County National Bank
Liberty
Sullivan County Bank
Highland National Bank of Newburgh
Citibank
U.S
Chrysler Corp
Chrysler Loan Guarantee Board
Chrysier
Insurance sales expected to grow nationwide
John E Fisher, president of Nationwide Insurance Co, says life insurance sales will keep rising despite recession though growth may slow. At Syracuse Association of Life Underwriters meeting, officers were installed and awards given, highlighting nationwide premiums of over 170 million and Syracuse staffing growth to 600+. Fisher urged the industry to proactively engage government policy and boost voluntary participation.
MENTIONED IN THIS ARTICLE
Nationwide Insurance Co
John E Fisher
Syracuse Association of Life Underwriters
Holiday Inn
Russell S. Andrews
Northwestern Mutual Life Insurance Co
Syracuse Group
Edward Bailey
Nationwide
Jerome A. Lindberg
Provident Mutual Life
Stephen P. Oslica
Prudential
Donald V. Murphy
New England Mutual Life
CLU
Harold Bristol
Manlius
Massachusetts Mutual Life Insurance Co
Syracuse Association
Fisher
Syracuse
New York
New Jersey
Elwood Davis Road
Liverpool
Clus
New York State
California
Deposits Exceed Withdrawals In May Says NY S&L League
The Savings Association League of New York State reported 118 savings and loan associations showing deposits $3 million higher than withdrawals in May. Officials cited a shift in consumer attitudes toward protection against recession and away from inflationary buying, but warned the rise may be temporary hedging rather than a permanent shift to savings.
MENTIONED IN THIS ARTICLE
Savings and Loan Associations
Savings Association League of New York State
Energy independence step nearer in Senate approves bill
Seven years after the Arab oil embargo the United States moves toward energy independence with a 78 to 12 Senate vote approving a $20 billion domestic synthetic fuels program. The measure aims to produce 500000 barrels daily by 1987 and 2 million by 1992 while expanding federal aid and resuming the strategic reserve.
MENTIONED IN THIS ARTICLE
Washington
United States
Carter
Venice
Senate
House
J. Bennett Johnston
D-La
Congress
Henry M. Jackson
D-Wash
Senate Energy and Natural Resources Committee
U.S
Mark O. Hatfield
R-Ore
America
Johnston
Pete V. Domenici
New Mexico
Air Force One
Italy
Domenici
Strategic Petroleum Reserve
Hatfield
Synthetic Fuels Corporation
William L. Armstrong
R-Corp
Energy Department
Syracuse China distributors unveil sales plans in city
The first national distributors meeting for Syracuse China Corp. was held in Syracuse with tours of the plant and a new showroom off Court Street. Highlights included new sales and marketing programs, two large kilns, spray glaze machines, and upgraded labs and offices.
MENTIONED IN THIS ARTICLE
China
Syracuse China Corp
Court Street
Syracuse
Hotel
Jerry Berlind
Restaurant Business Magazine
Amond
Your Money's Worth Advice for Smart Home Stereo Purchases
Guidance for first time buyers on building a budget friendly stereo system. Includes choosing between all in one units or component setups, recommended spending around 500 dollars, and tips on warranty, testing in store, and testing room acoustics. Discusses speakers turntables amplifiers and tape decks with brand examples and practical shopping strategies.
MENTIONED IN THIS ARTICLE
Anand
Van
Also Mentioned on This Page
Emptoyee
Dano Dan
Social Security
William J
Driver
Sean
Yeate
Business ‘Digest
The
American Petroleum Institute
R.R. Layoff
Norfolk & Western Railway
N&w
Ford
Ford Motor Co
Harold A. Poling
Ture
Wall Street
Ford Motor Company
Mahwah, N.J
Chester Amond
Syracuse China
Chester D. Amond
Sony
Technics
Centrex
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