Inflation fears and savings gaps threaten retirement security
A survey by the Investment Company Institute warns one in four American men saves less than 2 percent of income amid expected inflation of 5 to 20 percent in the 1980s. The report urges early, regular investing to counter reduced purchasing power, noting that retirement could bring a lower standard of living. It also reports cattle industry losses, weak consumer confidence, and ongoing debate over wage and price controls and import restrictions affecting inflation and energy use.
MENTIONED IN THIS ARTICLE
Investment Company Institute
National Association of Mutual Funds
Tommy Beall
National Catemen's Association
Denver
Consumer confidence at all-time low in March poll
ANN ARBOR Mich UPI consumer confidence in the economy sinks to a record low with 56.5 on the Index of Consumer Sentiment in March from over 700 polled. About half say they are worse off than a year ago and high interest rates curb home and car buying.
MENTIONED IN THIS ARTICLE
University of Michigan
White House
Alfred Kahn
Senate Banking Committee
Ann Arbor, Mich
UPI
University of Michigan Survey Research Center
University
Exac
One Harvester local fails to pass new contract
United Press International reports the only Local 1309 in Rock Island Illinois has not ratified a three year contract and will not return to work. Other locals including 1077 1077A and 1310 accepted or prepared to return to work as talks continue.
MENTIONED IN THIS ARTICLE
Ti Ted Auto Workers
International Harvester Co
Rock Island
Ill
Quad Cities
UAW
Shadyside
Ohio
Phil Jones
Farmall
Pat Greathouse
UAW International
Workers OK pact with Fisher Body at GM Elyria plant
United Auto Workers Local 780 members at the Elyria Fisher Body plant ratified a new local contract with General Motors. The deal, negotiated since last summer, includes a 3 percent annual wage rise, quarterly cost of living raises, extra pension benefits, and back pay for vacation holidays and missed pension payments. Amnesty for strikers charged with vandalism is included as well. The vote carried an overwhelming margin, with no totals released. Production at nearby plants was returning to normal after a lengthy walkout that began November 1 and lasted 172 days, costing millions in losses.
MENTIONED IN THIS ARTICLE
United Auto Workers
Elyria Fisher Body
General Motors
Grain prices across Ohio rise at market close
UPI reports cash grain prices paid to farmers in Ohio by principal market areas after yesterday's close and before today’s open. Northeast: No 2 wheat 3.59, corn 2.39, oats 1.69, soybeans 5.57. Northwest: wheat 3 164, corn 2.35, oats 1.55, soybeans 5.57. Central: wheat 3.60, corn 2.49, oats 1.64, soybeans 5.30. Trend shows wheat and corn up, oats steady, soybeans up. Lorain County Farm Bureau Cooperative Association cited local closes: wheat 3.61, corn 2.37, oats 1.70, soybeans 5.63.
MENTIONED IN THIS ARTICLE
Columbus
UPI
Ohio
Northwest
Lorain County Farm Bureau Cooperative Association, Inc
Cleveland
Cincinnati
New York
USDA
Social security help hours listed at St Andrews Church
The Social Security Administration will offer help at St. Andrews Episcopal Church in Columbus on Thursdays from 10 a.m. to 3 p.m., replacing the previous 9 a.m. to 3 p.m. window. Jerald Ruffner, district manager, confirms the change and provides the church address at 300 Third St.
MENTIONED IN THIS ARTICLE
Social Security Administration
St. Andrews Episcopal Church
Jerald Ruffner
Third St
Mobil Halts New Credit Cards and Raises Monthly Payments
Mobil Corp, the nation's second largest oil company, stops issuing new credit cards and plans to raise minimum monthly payments on revolving charge accounts from ten to twenty dollars. The policy, effective April 1, targets curb on consumer debt amid President Carter's program, with review slated for this summer. Existing cardholders may renew expiring cards under stricter terms, and Mobil will inform its 18,000 dealers and six million credit accounts.
MENTIONED IN THIS ARTICLE
New York
UPI
Mobil Corp
Mobil
Carter
Also Mentioned on This Page
Chronicle-Telegram
Elyria, O
Institute
Robert MacKay
United Press International
Beall
NCA
Robert Hormats
Senate
Small Business Committee
General Electric Apparatus Service
Richard T. Curtin
Curtin
Wi.a.t
Harvester
David Wise
Wrigley
Bubba
Chicago
W.M., Wrigley Jr. Co
Workers OK
Fisher Body
Larry Tanner
Bill Greenhill
Tion
Hanna Min
Agty Y
Hersh
Tate
Aim Elec Pwr
Tbs
Am Motors
T&t
Ob Laken Steel
Ne ‘Arto
Mattel
Bell Howl
McLouth Stelfe
Bendix
Beth Steel
Borger
Monsanto
Con Edison
Pepsscot
Cook United
Corliss
Det Edison
Eastern Air Rockwell
Rty
Eastman Kodak
Rahim Hss
Evans
Ford Motor
Gen Foods
Tenaco
Aly
Texaco
Malis
TRY Inc
Goodyear
Great A&p
US Steel
Greyhound
Gulf Oil
Western Union
Motor Woolworth
Mutuals
Amerish Mutual
Dreyfus
Fidelity
Puritan
Thvestors
Vaniet
John Hancock
Bond
MIT
National
Union Soe
Vanguard
Vanguard-Wellington
Pierre FR Smith Co Ay
Acme Cleve
American Machine & Foundry
American Standard
Rata Cec International
Dart Ind Exierson
Goodrich
TC Industries
Rochring
Lear Siegler
Oh Edison
Parker Hannilin Ably
Urle
Smwucher
Cary Toledo Edin
bin Union Pacule Corp
Tas Woolworth
Bfd
Riest
Regulay
UnionPac
ASA Ltd
Bel Southern Co
Smair Elec
Bo Trion Inc
Wachovia
Williams
Mid-Ohio Securities Corp
Borad
Krugerrands
Lorain
Aren
J.C. Insurance & Bonding Agency
Clare
Oberlin
Middle Ave
Elyria
Elmer Hume, Inc
Cleveland Avenue
Amherst
Orive
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