Investment confusion as 1980s outlook unsettles investors
Washington based report surveys economists and advisers amid a volatile economy. Mortgage rates drop toward 11 percent while home prices stabilize and may rise modestly, money market funds remain popular for cash parking, and stock and commodity choices vary with the recession. Analysts warn against overexposure to gold and urge caution in real estate timing as investors seek strategy for the coming year.
MENTIONED IN THIS ARTICLE
James Hildreth
Washington
U.S
Ane Lee Himeth
Treasury
Jefrey Wiens
CHE Coumuniio
TUL Agus Research
New York
iFingtag
David Ernst
Evans Econometrics
Ed Dove
American Financial Consultants
Bethesda
Dove
Ken Kerin
National Association of Realtors
Kerin
Michael Sumeniast
Chet Lsb
National Association of Home Builders
Rollin Bell
A.G. Edwards & Sons
Robert Stovall
Dean Witter Reynolds
Gold prices climb to multiweek highs amid weak dollar
Gold rose over 25 an ounce across Europe on Monday amid a softer dollar, with London bullion houses posting morning quotes near 663 an ounce and Zurich bids around 664. Prices tracked Friday gains after U S trade deficit data, while various currencies and markets showed mixed activity. Separate reports note Swift & Co plans to close three plants by December as part of a broader reorganization, and Bethlehem Steel trims layoffs at Lackawanna. Canada and the U S reveal a 2.6 billion Petro-Canada plan to tap Arctic gas resources, aiming to deliver gas to the United States by 185? NM.
MENTIONED IN THIS ARTICLE
London
Europe
New York
U.S
Zurich
Hong Kong
Frankfurt
Paris
Amsterdam
Milan
Petro-Canada
Canada
United States
Arctic
Justice delays giant milk co op plan in New England and New York
Agway postpones the sale to form the Agri-Mark cooperative after a U S Justice Department suit claims the plan would monopolize the milk market and curb competition. The case seeks a temporary restraining order as Agway and Hood pursue a limited extension before proceeding. The venture aims to unite Agway Hood and regional cooperatives to secure 2.5 to 3 billion pounds of milk annually.
MENTIONED IN THIS ARTICLE
Kathleen M. Norton Montpelier
Agway
New England
New York State
Boston
H.P. Hood & Sons
U.S. Justice Department
Ronald Goddard
H.P. Hood
Agri-Mark
U.S. District Court
Burlington
H.P. Hoon
Dairies
Hood
Yankee Milk Cooperative
Andover
Mass
Chrysler Bets Big on K car to Pull It from Losses
Chrysler Corp relies on its front wheel drive compact the K car to rescue finances as the government backs a 1.5 billion dollar bet. The 1980 road to profitability hinges on market demand economic conditions and competition from GM and Japanese makers.
MENTIONED IN THIS ARTICLE
Detroit
Chrysler Corp
No. 3
Lee Tacocca
Chrysler
Syracuse
NPG
United States
Plymouth
U.S
General Motors
Gary H. Stern
A. Gary Schilling & Co
New York
Stern
Japan
David Eisenberg
Sanford C. Bernstein & Co. Inc
Government Loan Guarantee Board
Jacocea
Canada
Treasury
Robert Carswell
Homer Bank Joins Key Bank of Central New York
The Homer National Bank, tracing to 1884, merges with Key Bank of Central New York. The Homer main at 25 S. Main St becomes Key Bank Homer office, Cortland at 320 Tomkins St becomes Cortland office. Key Bank of Central New York grows to 47 offices in a six-county market.
MENTIONED IN THIS ARTICLE
Homer National Bank
Key Bank of
Central New York
First Trust & Deposit Co
Homer Bank
S. Main St
Key Bank
Homer
Cortland
Tomkins St
Homer and Key Bank of
Key Banks Inc
Albany
Aset Homer Bank
Tax tips to claim elderly relative as dependent in 1980
IRS rules exclude Medicare and Medicaid benefits from dependency tests and the Tax Court supports counting more than half the relative’s support from your contributions. If your relative’s income stays under 1000 dollars, you may claim a dependency exemption and possibly deduct medical expenses, with proper timing and documentation.
MENTIONED IN THIS ARTICLE
Internal Revenue Service
Mary
IRS
Prentice-Hall
Medicare
Noth
Also Mentioned on This Page
Stovall
Leon Taub
Chase Econometrics
Taub
Ernst
Business Digest
Tokyo
Chicago
Swift & Co
Esmark Inc
Rochelle
Ill
Moultrie
Guymon
Oklo
Swift
Vickers Energy Corp
Esmark
Buffalo Upi
Bethlehem Steel Corp
Lackawanna
Bethlehem
Office of Technology Assessment
Edward W. Irish
Edward Irish Construction Co
William Fox Jr
National Auto Stores Corp
National Auto
Montgomery Ward
Shop City
Utica
Valley Plaza
Justice Delays
Giant Milk Co-Op
United Auto Workers Union
General Motors Corp
Iacocca
Veal
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