U.S. Becomes World’s Biggest Debtor Nation in 1987
The Commerce Department reports U.S. foreign debt at 368.2 billion dollars for 1987, up 36.8 percent from 1986, as foreigners hold more U.S. assets than Americans hold abroad. Foreign holdings rose to 154 trillion while American investments overseas reached 1.17 trillion, reflecting a growing trade deficit and shift from creditor to debtor status amid political critique.
MENTIONED IN THIS ARTICLE
Washington
United States
Commerce Department
U.S
Brazil
Mexico
Argentina
Reagan
America
FAA orders commuter planes to install black box recorders
The FAA final rule requires multi engine turbine commuter planes over six seats to have cockpit voice recorders within three years and, for those with 20 or more seats, digital flight data recorders. New and in service 20 plus seat aircraft must get data recorders. smaller planes under 20 seats have no retrofit requirement.
MENTIONED IN THIS ARTICLE
FAA
Washington
Federal Aviation Administration
National Transportation Safety Board
Two enter guilty pleas in Continental Bank case
In Chicago, John R. Lytle, former Continental vice president, pleaded guilty to misapplication of bank funds, and William G. Patterson, ex-head of energy lending at Penn Square, pleaded guilty to aiding and abetting Lytle. Both face up to five years and a $5,000 fine. Sentencing set for August 30. A prior trial ended in a deadlock, and a third defendant was cleared.
MENTIONED IN THIS ARTICLE
Continental Bank
Chicago
Continental Times National Bank & Trust Co
Oklahoma
Continental
John R. Lytle
William G. Patterson
Lytle
U.S
Shadur
Penn Square Bank of Oklahoma
Patterson
Penn Square
Jere Sturgis
ZIP Code turns 25 as mail volume soars nationwide
Washington reports the ZIP code system reaches its 25th anniversary with the Postal Service handling more than double the mail since inception while serving 15 percent more people. John Mulligan notes savings likely in the billions and says ZIP codes appear on about 97 percent of mailed items with 95 percent correctly zoned deliveries.
MENTIONED IN THIS ARTICLE
Washington
John G. Mulligan
Postal Service
Mulligan
Kidron Auction Sees Strong Consignments Amid Drought
Kidron livestock reports steady to higher feeder pig and Holstein calf values as drought slows demand. Hay demand remains robust with ninety seven loads consigned. first cutting hay tops $200 per ton, large round bales at $80 each, straw around $97.60 per ton. Cattle and hog prices vary with air of drought pressure. total head 2 918 with 654 consignors.
MENTIONED IN THIS ARTICLE
Kidron
Metal prices on COMEX close in New York
AP reports closing COMEX metal prices with Gold at 435.30 per troy ounce Silver at 66.78 per ounce Platinum at 557.30 per ounce Aluminum 116.50 per pound Copper 1.05 per pound Lead 0.36 to 0.38 per pound Zinc 0.63 to 0.70 per pound Tin 44.121 per pound Mercury 3.60 to 3.70 per pound 76 th a3
MENTIONED IN THIS ARTICLE
Mobil
NEW York
Eetry Nyse
Aes Moargan
Beit Seteshiey
MorKad
Sos
Motorla
IMC
Phill
ReyMtt
Bethstlestp
Ei Iba
Roy
Boeing
Schimb
BrigiMy
Br duPont
Abs
Endesa
Harnush
Ea Mat Ve First Bancorp HewiPk
Sat
Gerich
HajlyFa
Geet Te Hills Dept
Ea IC Industries
Invacare Bix
IptPal
Bancorp
aXus
Wealy
Parker Hannifin
Meint
Abia
Smucker
Sunrise Medical
Merck
Mesal
Weonworth
Also Mentioned on This Page
Semiconductors
Chicago Tribune
US Bureau of Labor Statistics
Tobacci
Iron and Steel Foundries
Equi
Milton I. St
City
Kidron Livestock
Hart Acura
Cannes
Genpine
Hart Agura
Brookpark Rd
Elyria
Tiedeman
Brookpark
Little
Joe’s
Zenith TV
Zenith
Joes ‘Appliances
Byria
Etyrion
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