Miller named new Fed chair replacing Burns at start of 1979
Washington AP reports business leaders applaud G William Miller, 52, Textron chairman, as Federal Reserve Board chair designate to succeed Arthur Burns, who steps down January 3. Carter consulted businessmen and emphasized stability and inflation-fighting policies, noting Burns’ removal signals a shift.
MENTIONED IN THIS ARTICLE
Washington
G@ Willam Miller
Federal Reserve Board
Arthur F Burns. Miller
Textron Inc
Providence
Boston Federal Reserve Bank
Burns
Iis
Carter
Miller
Bill Miller
David Lilly
Senate
Federal Reserve
Cromling
Fitch
Pyle
Area bankers fault Burns replacement and inflation concerns
Area bankers expressed disappointment in Miller replacing Burns and questioned the timing and approach to inflation. They praised Burns’s performance, while colleagues urged stable Federal Reserve independence and noted Miller’s business background could influence monetary policy amid economic pressures.
Manure meals to fatten animals in federal study
The FDA is examining the feasibility of feeding animals manure as a feed additive, a possible shift from its 1967 policy against the practice. The plan studies arguments for and against manure fed to animals as states already authorize manure additives.
MENTIONED IN THIS ARTICLE
Washington
Food and Drug Administration
FDA
Agriculure Department
Flynt buys LA's Free Press to launch national weekly
Larry Flynt announces the acquisition of the Los Angeles Free Press and plans to turn it into a hard hitting national news weekly. Jay Legin named publisher as Flynt Publications will absorb the paper on January 1. No immediate staff changes planned.
MENTIONED IN THIS ARTICLE
Columbus
UPI
Larry Flynt
Hustler
Chic
Ohio
Los Angeles Free Press
Jay Legin
L.A. Free Press
Larry Flynt Publications, Inc
Levin
Flynt
Hustler Magazine
Los Angeles
World’s most expensive car on display in NYC
A 1973 Rolls Royce, worked on for four years, is shown at Carriage House Motors in New York City. It was cut and lengthened by 30 inches and includes a disappearing jump, mink carpets, bar and refrigerator, color TV and quadraphonic sound. Price listed at $500,000.
MENTIONED IN THIS ARTICLE
Rolls Royce
Carriage House Motors
New York City
Rolls
New York Stock Exchange
NEW York
Mori
Oeed
Mat Am
Aurlin
PepsiCo Tye
Gos Pheer
Paul Morra
Ais
Acvan
Watts
Phill
Ty Am Motors
RCA Arm
T&t
Ralston
Paty Ash
Bash
Babck
Sears
Bendix
Shell
Ty Boeing
Barden Hoes
Sperry H Bo Cpc Intaan
Chrysler
Texaco
US Steel
DowCh
VC Industries
Greyh
Lear Siegier
Carter heads to Poland on goodwill tour amid Middle East plans
President Carter leaves for Poland to start a goodwill tour as U.S. officials note strong Polish-American ties, with Chicago home to nearly a million Polish-Americans. A Tehran bombing at the Iran American Academic Center injures a doorman as Marxists promise more attacks. Carter will then visit Iran, Jordan, India, Saudi Arabia, France and Belgium, seeking regional roles and peace efforts.
MENTIONED IN THIS ARTICLE
Europe
United States
Soviet Union
Poland
Warsaw
Chicago
Carter
U.S
Iran
Tehran
Jordan
Hussein
Middle East
India
Saudi Arabia
France
Belgium
Nothing Succeeds Like Successors in Washington Buzz
Ear on Washington notes Wilbur Mills may succeed the late Sen John McClellan, with Ben Bradlee and Sally Quinn mentioned. Rumors target Bill McKinney for the OMB post and Gesell as FBI director prospect. City sights include Helms on Farragut Square and Christmas tours.
MENTIONED IN THIS ARTICLE
Washington
Wilbur Mills
John McClellan
D-Ark
Bert Lance
Big Bill McKinney
Federal Home Loan Bank Board
Har
UPI
Pirate Department
Chicago
Natch
Dick Helms
Chum
Farragut Square
Frank Moore
Jimmy
Ohio Michigan chiefs earn 264000 average pay in 1976
Ohio and Michigan top manufacturing executives averaged 264000 in salaries and cash bonuses in 1976, an 18 percent rise from the prior year, per Towers Perrin study. The second and third ranks averaged 186000 and 149000, with factors beyond sales guiding pay. The report covers 100 firms, including GM Ford Chrysler Armco Cincinnati Milacron Procter & Gamble Emergy.
MENTIONED IN THIS ARTICLE
Cleveland
Ohio
Michigan
Towers, Perrin, Forster & Crosby
New York
Carter picks new Fed chair drags stocks lower
Opening Wall Street slid broadly in the first trading after President Carter named a new chairman of the Federal Reserve Board. The Dow Jones industrial average dropped 4.51 points to 825.19 as investors reassessed the market and policy outlook.
MENTIONED IN THIS ARTICLE
New York
Carter
Federal Reserve Board
Inet
Hal Bee
NLRB orders J.P. Stevens to bargain in good faith
NLRB judge ruled J.P. Stevens Co refused to bargain with Amalgamated Clothing and Textile Workers Union at Roanoke Rapids plants. The order requires immediate bargaining, posting notices, and outreach to hourly workers. Stevens employs about 44,000 at 85 plants and plans an appeal.
MENTIONED IN THIS ARTICLE
Washington
J.P. Stevens Co
Amalgamated Clothing and Textile Workers Union
Roanoke Rapids
N.C
National Labor Relations Board
NLB
Bernard Ries
Sherman
Atlanta
Stevens
Ries
NLRB
In Company
Greyhound drivers approve three year contract pact
In Phoenix 14 000 Greyhound bus drivers mechanics and clerks nationwide approved a three year contract by 84 votes 5295 yes 5211 no retroactive to November 1 the deal costs about 92 million with no first year pay raise but includes cost of living increases potentially 300 per employee The strike activity in Salt Lake City Pittsburgh and Charleston West Virginia was halted by the vote outcome.
MENTIONED IN THIS ARTICLE
Letout
Capital Hill
Mick Reod
States News Service
Spiritoas
Three Hill Flacks
Henry Byde
Dan Flood
Earl Butz
Billy Graham
Alan Berlow
Congressional Quarterly
San Elba
Richard M. Nixon
Dwight Eisenheffer Memorial Hospital
Mick
Ear
Phoenix, Ariz
UPI
Greyhound Lines Inc
Owen Jones
Amalgamated Transit Union
Greyhound Council
Afl-Cio
Jones
Reyhound
Wildcat
Salt Lake City
Pittsburgh
Charleston
W.va
Also Mentioned on This Page
Fed
Heath Larry
National Association of Manufacturers
Bank of America
A. W Clausen
Irving 8. Shapiro
the du Pont Co
Business Roundtable
Bowman
Millar
Harold Pyle
Central Security National Bank of
Lorain County
Muller
Free Press
Alabama
California
Colorado
Mississippi
Virginia
Florida
Georgia
Iowa
Oregon
the Chronicle-Telegram
Avenue
Elyra
Onia
King of the Road
Associated Press
Dan
Pete Se Carter
Delhi Seed
The
Washington Star
Ben Bradlee
Sally Quinn
Gerhard Gesell
FBI
White House
House
Clarence Kelley
Chuck Colson
Central
Nixon
Ron Ziegler
Julie Eisenhower
Mamiebangs
Detroit
General Motors
Ford
Armco
Cincinnati Milacron
Eagle Pitcher Industries Inc
Procter & Gamble & Co
Emergy Industries Inc
John Culbertson
Culbertson
Cincinnati
Wall Street
J.P. Stevens
Knight-Ridder Newspapers
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