Treasury back door bargains fuel off budget lending
The Federal Financing Bank, housed in the Treasury, offers loans at 8 percent to governments and buyers like Rupert Murdoch for exports and weapons. The scheme shifts debt off budget, inflates national debt, and pressures rates for private borrowers while benefiting favored clients including Japan, Iran, Kuwait, and Morocco.
MENTIONED IN THIS ARTICLE
Leonard Curry
Newhouse
Washington
Rupert. Murdoch
Japan
Iran
U.S. Treasury
Federal Financing Bank
Treasury Department
Roland H. Cook
Cook
Congress
Treasury
Export-Import Bank
Defense Department
White House Budget Office
Murdoch
New York Post
Boeing Co
U.S
France
Kuwait
Pentagon
Morocco
Philippines
el Salvador
Israel
Tennessee Valley
Global gold gains amid labor unrest and policy shifts
European and New York gold prices spiked as labor unrest in Poland and potential Soviet intervention fueled demand. Prices rose to as high as $540 in New York before easing to $526, with London and Zurich报价 also higher. AT&T seeks regulatory waivers to launch two new services, while regulators order railroads to refund $10.9 million in coal overcharges. Paul Volcker pledges inflation progress, Hecla to acquire Day Mines, and Ford boosts rebates as markets navigate regulation splits and money supply shifts.
MENTIONED IN THIS ARTICLE
Europe
Poland
U.S
New York
Handy & Harman
London
Zurich
Hong Kong
Commodity Exchange
Warren E. Barger
Southwestern Electric Power Co
Burger
Interstate Commerce Commission
Burlington Northern
Kansas City Southern
Rise in life policy loans threatens insurers demand for aid
Field News Service reports a record 41 billion dollars in outstanding loans to life policyholders. Policyholders borrow 4 to 8 percent, then place funds in money market funds for higher returns, squeezing insurer finances. Industry seeks government help to curb future problems while stressing resilience to current issues.
Malls expand role with concerts and cafes in Syracuse area
Pyramid Corp led by Robert Conger builds Cafe Square entertainment centers in Auburn Ithaca Hadley and Holyoke Mass Finger Lakes Mall in Auburn opens with roller skating rink and plans three major stores J C Penney K Mart and Chappell's Traders assess trading areas before new malls Pyramid emphasizes malls as cultural centers with built in mini theaters and entertainment options
MENTIONED IN THIS ARTICLE
Syracuse
Pyramid Corp
Robert Conger
Auburn
Ithaca
Hadley
Holyoke
Mass
Finger Lakes
Dale DeRosa
East View
Rochester
Camillus Plaza
Pyramid
DeWitt
New GE Chairman Welch Faces High Expectations
John F. Welch Jr. is set to take over as chairman and chief executive of General Electric on April 1. Analysts praise his ability to turn start-ups into revenue, while GE’s scale and diverse operations show why his leadership matters for the nation’s ninth largest company.
MENTIONED IN THIS ARTICLE
John F. Welch Jr
General Electric Co
Welch
Fairfield
Conn
John Welch
General Electric
Wetsfield
Mass
Our
Solar
Wall Street
Robert T. Cornell
Paine Webber Mitchell Hutchins Inc
New York
Reginald H. Jones
Thomson-Houston Electric Co
Lynn
Thomas A. Edison
Edison Electric Co
A Welch
Cornell
Pittsfield
Umass-Amherst
Engineering College
University of Illinois
Coal Power forms to aid retired miners in benefit fight
The article details 114000 refined miners and widows facing insecure pensions and medical coverage as contract talks between United Mine Workers and Bituminous Coal Operators Association stall. A retired miner group, Coal Power, lobbies for expanded pension rules while operators push for company based plans.
MENTIONED IN THIS ARTICLE
John Lippian
Ohio Valley
Elizabeth Turvey
Helen Stefan
Pfanner
United Mine Workers Union
Charlotte Walters
Jacobsburg
Ohio
Coal Power
United States
Brooke Shearer
United Mine Workers
Walters
Also Mentioned on This Page
Reas
Business Digest
ATET
American Telephone & Telegraph Co
Federal Communications Commission
At&t
Paul A. Volcker
Federal Reserve
Hecla Mining
Day Mines
Hecla
S.S
Ford
Ford Motor
General Motors
Chrysler
Moscow
Afganistan
Federal Reserve Board
MIB
White House
Benno Isaacs
American Council On Life Insurance
Isaacs
By Richard Palmer
Kingston
Chappells
Chappell’s
Finger Lakes Mall
Salem
New England
Massachusetts
Utica
John Welch JR
Tippian
Turvey
Stefani
By Sylvia Porter
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